Company: YEXT
Filing Date: 2025-09-08
Form Type: 10-Q
Source: 0001614178-25-000119
Chunk: 6

Company: Yext, Inc.
Filing Date: 2025-09-08
Form: 10-Q
Item: Part I, Item 2
Chunk 6
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 associated with pre-production costs for testing and quality assurance, as well as lease expenses associated with our office spaces, and software expense, each of which are allocated based on employee headcount.

General and administrative expenses. General and administrative expenses consist primarily of employee-related costs which are comprised of personnel-related costs and stock-based compensation expense for our finance and accounting, human resources, information technology and legal support departments. Personnel-related costs mainly consist of salaries and wages. General and administrative expenses also include lease expenses associated with our office spaces, as well as software expense, each of which are allocated based on employee headcount. In addition, general and administrative expenses include other professional related costs which include acquisition-related costs, as well as fair value adjustments related to contingent consideration.  

30

Results of Operations 

The following table sets forth selected condensed consolidated statement of operations data for each of the periods indicated:Three months ended July 31,Six months ended July 31,(in thousands)2025202420252024Revenue$113,094 $97,887 $222,577 $193,877 Cost of revenue(1)28,060 22,293 55,165 43,839  Gross profit85,034 75,594 167,412 150,038 Operating expenses: Sales and marketing(1)32,069 41,957 68,278 85,211  Research and development(1)23,352 18,580 45,248 35,639  General and administrative(1)(61)22,623 23,094 42,180  Total operating expenses55,360 83,160 136,620 163,030 Income (loss) from operations29,674 (7,566)30,792 (12,992)Interest income1,179 2,395 1,811 4,755 Interest expense(2,277)(124)(2,919)(516)Other expense, net(45)(204)(400)(342)Income (loss) from operations before income taxes28,531 (5,499)29,284 (9,095)(Provision for) benefit from income taxes (1,780)1,442 (1,763)1,221 Net income (loss)$26,751 $(4,057)$27,521 $(7,874)  

(1)See Note 10 "Stock-Based Compensation", to