Company: YEXT
Filing Date: 2025-09-08
Form Type: 10-Q
Source: 0001614178-25-000119
Chunk: 355

Company: Yext, Inc.
Filing Date: 2025-09-08
Form: 10-Q
Item: Part I, Item 8
Chunk 355
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)— (2)— Other expense, net— — — — Income (loss) from operations before income taxes25 (6)13 (5)(Provision for) benefit from income taxes (1)1 (1)1 Net income (loss)24 %(5)%12 %(4)%

Note: Numbers rounded for presentation purposes and may not sum.

31

Three Months Ended July 31, 2025 Compared to Three Months Ended July 31, 2024 

Revenue Three months ended July 31,Variance(in thousands)20252024DollarsPercent Revenue$113,094 $97,887 $15,207 16 % Cost of revenue28,060 22,293 5,767 26 % Gross profit$85,034 $75,594 $9,440 12 % Gross margin 75.2 %77.2 %

Total revenue was $113.1 million for the three months ended July 31, 2025, compared to $97.9 million for the three months ended July 31, 2024, an increase of $15.2 million or 16%. 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. For both the three months ended July 31, 2025 and 2024, revenue recognized from subscription and associated support to our platform was 93%, while revenue recognized from professional services was 7%. 

 Revenue for the three months ended July 31, 2025, included a positive impact from foreign currency exchange rates of approximately $1.2 million, using a constant currency basis. We calculate constant currency by translating our current period results for entities reporting in currencies other than U.S. Dollars (“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:

Three months ended July 31,Variance20252024DollarsPercent(in thousands)Direct Customers$94,518 $79,261 $15,257 19 %Third-Party Reseller Customers18,576 18,626 (50)— %Total Revenue$113,094 $97,887 $15,207 16