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

Company: Yext, Inc.
Filing Date: 2025-12-08
Form: 10-Q
Item: Part I, Item 2
Chunk 12
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4.5 million, reflecting lower headcount. In addition, advertising costs decreased $2.9 million and conferences and events decreased $2.3 million. These decreases were offset by a $3.6 million increase in amortization expense primarily related to acquired intangible assets from the Hearsay acquisition, and asset impairment charges of $1.0 million recognized during the nine months ended October 31, 2025, in connection with subleasing a floor of our corporate headquarters.

Research and development expense was $67.9 million for the nine months ended October 31, 2025, compared to $56.7 million for the nine months ended October 31, 2024, an increase of $11.2 million or 20%. The increase was primarily driven by employee-related costs, as personnel-related costs increased $4.1 million reflecting higher headcount, and stock-based compensation expense increased $2.7 million, largely due to awards granted in connection with the acquisition of Places Scout. In addition, software expense increased $0.8 million, and asset impairment charges of $0.9 million were recognized during the nine months ended October 31, 2025, in connection with subleasing a floor of our corporate headquarters.

General and administrative expense was $41.5 million for the nine months ended October 31, 2025, compared to $75.6 million for the nine months ended October 31, 2024, a decrease of $34.1 million or 45%. The decrease was primarily driven by the acquisition of Hearsay on August 1, 2024, which resulted in $9.4 million of costs associated with the incentive pool being incurred during the nine months ended October 31, 2024, as well as changes in the fair value of contingent consideration of $26.5 million. See Note 6 "Fair Value of Financial Instruments" to our condensed consolidated financial statements for additional information on contingent consideration. This was offset by a $2.8 million increase in stock-based compensation expense, largely due to awards granted to certain executives including performance-based restricted stock units, and asset impairment charges of $0.8 million recognized during the nine 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. 

 Net Income (Loss)

Net income was $6.1 million and $33