Company: YEXT
Filing Date: 2025-12-08
Form Type: 10-Q
Source: 0001628280-25-055819
Chunk: 361

Company: Yext, Inc.
Filing Date: 2025-12-08
Form: 10-Q
Item: Part I, Item 8
Chunk 361
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 $0.7 million largely due to acquisition-related costs related to Hearsay included in our results for the three months ended October 31, 2024. The decrease was offset by asset impairment charges of $0.8 million recognized during the three months ended October 31, 2025 in connection with subleasing a floor of our corporate headquarters.

See Note 12" Income Taxes" to our condensed consolidated financial statements for additional information on our provision for  income taxes.

Nine Months Ended October 31, 2025 Compared to Nine Months Ended October 31, 2024 

RevenueNine months ended October 31,Variance(in thousands)20252024DollarsPercent Revenue$334,575 $307,866 $26,709 9 % Cost of revenue84,368 70,086 14,282 20 % Gross profit$250,207 $237,780 $12,427 5 % Gross margin 74.8 %77.2 %

Total revenue was $334.6 million for the nine months ended October 31, 2025, compared to $307.9 million for the nine months ended October 31, 2024, an increase of $26.7 million or 9%. The increase was entirely driven by the inclusion of Hearsay’s revenue as a result of the acquisition which was completed on August 1, 2024. During the nine months ended October 31, 2025 and 2024, revenue recognized from subscription and associated support to our platform was 94%, while revenue recognized from professional services was 6%, compared to 93% and 7%, respectively.

 Revenue for the nine months ended October 31, 2025, included a positive impact from foreign currency exchange rates of approximately $2.1 million, using a constant currency basis. We calculate constant currency by translating our current period results for entities reporting in currencies other than USD into USD at the average monthly exchange rates in effect during the comparative period, as opposed to the average monthly exchange rates in effect during the current period. 

The following table summarizes our revenue by sales channel for the periods presented:

Nine months ended October 31,Variance20252024DollarsPercent(in thousands)Direct Customers$279,233 $252,182 $27,051 11 %Third-Party Reseller Customers55,342 55,684 (342)(1)%Total Revenue$