Company: YEXT
Filing Date: 2025-09-08
Form Type: 10-Q
Source: 0001614178-25-000119
Chunk: 12

Company: Yext, Inc.
Filing Date: 2025-09-08
Form: 10-Q
Item: Part I, Item 2
Chunk 12
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 expense was $45.2 million for the six months ended July 31, 2025, compared to $35.6 million for the six months ended July 31, 2024, an increase of $9.6 million or 27%. The increase was primarily driven by employee-related costs, as personnel-related costs increased $5.2 million reflecting higher headcount, and stock-based compensation expense increased $1.6 million, largely due to awards granted in connection with the acquisition of Places Scout. In addition, software expense increased $0.8 million. 

General and administrative expense was $23.1 million for the six months ended July 31, 2025, compared to $42.2 million for the six months ended July 31, 2024, a decrease of $19.1 million or 45%. The decrease was primarily driven by changes in the fair value of contingent consideration pertaining to the Hearsay acquisition of $21.6 million. See Note 6 "Fair Value of Financial Instruments" to our condensed consolidated financial statements for additional information. This was offset an by a $2.4 million increase in stock-based compensation expense, largely due to awards granted to certain executives including performance-based restricted stock units.

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

 Net Income (Loss)

Net income was $26.8 million and $27.5 million for the three and six months ended July 31, 2025, respectively and net loss was $4.1 million and $7.9 million for the three and six months ended July 31, 2024, respectively.

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Non-GAAP Financial Measures

In addition to our financial results determined in accordance with GAAP, we believe that certain non-GAAP financial measures are useful in evaluating our operating performance and our business.

Non-GAAP net income (loss) is a financial measure that is not calculated in accordance with GAAP. We define non-GAAP net income (loss) as our GAAP net income (loss) as adjusted to exclude the effects of stock-based compensation expense, acquisition-related costs, amortization of acquired intangibles, and the related income tax effect of these adjustments. Acquisition-related costs include transaction and related costs, subsequent fair value movements in contingent consideration, and compensation arrangements. We believe non-GAAP net income (loss) provides investors and other users of our financial information consistency and