Company: YEXT
Filing Date: 2025-09-08
Form Type: 10-Q
Source: 0001614178-25-000119
Chunk: 363

Company: Yext, Inc.
Filing Date: 2025-09-08
Form: 10-Q
Item: Part I, Item 8
Chunk 363
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. In addition, other companies may not publish these or similar metrics. Thus, our revenue on a constant currency basis should be considered in addition to, not as a substitute for, nor superior to or in isolation from, measures prepared in accordance with GAAP. We provide a reconciliation of revenue on a constant currency basis to the most closely related GAAP financial measure. We encourage investors and others to review our financial information in its entirety and to view revenue on a constant currency basis in conjunction with revenue on a GAAP basis.

The following table provides a reconciliation of revenue on a GAAP basis to revenue on a constant currency basis:  

Three months ended July 31,(in thousands)20252024Growth RatesRevenue (GAAP)$113,094 $97,887 16 %Effects of foreign currency rate fluctuations(1,219)Revenue on a constant currency basis (Non-GAAP)$111,875 14 %Six months ended July 31,20252024Growth RatesRevenue (GAAP) $222,577 $193,877 15 %Effects of foreign currency rate fluctuations (1,752)Revenue on a constant currency basis (Non-GAAP) $220,825 14 %

Free Cash Flow

We also provide free cash flow, which is a non-GAAP measure defined as net cash provided by (used in) operating activities, less cash used for purchases of capital expenditures, inclusive of capitalized software development costs. Free cash flow margin is calculated as free cash flow divided by total revenue. We believe this is meaningful to investors because it is a measure of liquidity that provides useful information in understanding and evaluating the strength of our liquidity and future ability to generate cash that can be used for strategic opportunities or investing in our business.

The following table provides a reconciliation of GAAP Cash flow provided by (used in) operating activities to free cash flow: 

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Three months ended July 31,Six months ended July 31,(in thousands)2025202420252024Net cash provided by (used in) operating activities$8,407 $(10,649)$46,132 $27,660 Less: Capital expenditures inclusive of capitalized software development costs (573)(545)(1,135)(1,192)Free cash flow$7,834 $(11,194)$44,997 $26,468 Operating cash flow margin 7 %(11)%21 %14 %Free cash flow margin7 %(11)%20 %14