{"success":true,"data":{"pressRelease":{"id":"52871","rtpr_id":"nBw5PDjFPa","ticker":"YEXT","exchange":"NYSE","all_tickers":["YEXT"],"title":"Yext Announces First Quarter Fiscal 2027 Results","author":"Business Wire","published_at":"2026-06-02T20:05:00.183Z","article_body":"Yext Announces First Quarter Fiscal 2027 Results\n\n\n * Revenue of $107.9 million\n\n * Net Income Per Share, basic, of $0.02 or non-GAAP Net Income Per Share of\n$0.15\n\n * Adjusted EBITDA of $26.9 million, resulting in an Adjusted EBITDA margin of\n25%\n\n * ARR of $440.8 million\n\n * Repurchased 24.3 million shares for $140 million through its completed Tender\nOffer\n\n * Separate open market share repurchase program authorization increased by $100\nmillion\n\nYext, Inc. (NYSE: YEXT), the enterprise agentic marketing platform, today\nannounced its results for the three months ended April 30, 2026, or Yext's\nfirst quarter, of fiscal year 2027.\n\nFor more detailed information on Yext's operating and financial results for\nthe first quarter of fiscal year 2027 please refer to the Letter to\nShareholders, which can be found on the Yext Investor Relations website at\nhttps://investors.yext.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finvestors.yext.com&esheet=54545785&newsitemid=20260602317065&lan=en-US&anchor=https%3A%2F%2Finvestors.yext.com&index=1&md5=1a4e2fd18be4beaed0d194a2ebf14d4d)\n.\n\n“Our first quarter performance highlights the structural efficiency and\nprofitability of our operations, delivering $26.9 million in Adjusted EBITDA\nand a strong 25% Adjusted EBITDA margin,” said Michael Walrath, Yext\nChairman and CEO. “While AI has proven to be a disruptive force for many, we\nbelieve Yext is well positioned as technology consumption expands beyond human\nusers to autonomous agents. Our sustained cash generation directly fuels our\ncapacity to accelerate our roadmap, positioning Yext as the indispensable\ninfrastructure layer for brands deploying AI agents. Looking ahead, the\nimproving year-over-year growth in our customers with ARR ≥$50K along with\nour strong cash balance sheet allows us to simultaneously fund internal\nR&D, pursue high-return M&A to increase our velocity, and return\ncapital to shareholders. Because of this, we believe the opportunity for Yext\nhas never been greater.”\n\nReaders are encouraged to review the tables labeled \"Reconciliation of GAAP to\nNon-GAAP Financial Measures\" at the end of this release.\n\nAbout Yext\n\nYext is the enterprise agentic marketing platform. Built on the world's most\ncomprehensive structured data platform for local businesses, Yext gives brands\nand their partners the visibility intelligence to win every moment of\ndiscovery — across AI and traditional search. Yext's API-first architecture\nconnects structured data to APIs, MCP servers, and generative interfaces, so\npartners and developers can build purpose-built experiences on the same\ninfrastructure powering Yext's own products. Thousands of brands and digital\nmarketing partners in financial services, healthcare, retail, hospitality, and\nfood rely on Yext to manage, measure, and optimize visibility at scale. For\nmore information, visit yext.com.\n\nStatement Regarding Forward-Looking Statements\n\nThis release and the related shareholder letter includes \"forward-looking\nstatements\" including, without limitation, statements regarding Yext's\nexpectations, beliefs, intentions, or strategies regarding the future, Yext's\nexpectations regarding its capital allocation strategy, including Yext's\nrecently completed self-tender offer and the effects thereof, Yext's expected\nfinancial performance, and statements regarding expectations regarding the\ngrowth of the company, Yext's market opportunity, product roadmap, cost saving\nand efficiency actions, and Yext's industry, including search fragmentation\nand AI trends. You can identify forward-looking statements by the use of\nterminology such as \"believe\", \"expect\", \"will\", \"should,\" \"could\",\n\"estimate\", \"anticipate\" or similar forward-looking terms. These statements\nare based upon current beliefs and are subject to many risks and uncertainties\nthat could cause actual results to differ materially from these statements.\nThe following factors, among others, could cause or contribute to such\ndifferences: Yext's recently completed self-tender offer and the effects\nthereof, including the effects of the increases in costs of capital relative\nto Yext's share price; Yext's ability to renew and expand subscriptions with\nexisting customers, especially enterprise customers, and attract new customers\ngenerally; Yext's ability to successfully expand and compete in new\ngeographies and industry verticals; the quality of Yext's sales pipeline and\nability to convert leads; Yext's ability to expand its service and application\nprovider network; Yext's ability to develop or acquire new product and\nplatform offerings to expand its market opportunity; Yext's ability to release\nnew products and updates that are adopted by its customers; weakened or\nchanging global economic conditions, downturns, or uncertainty, including\nhigher inflation, higher interest rates, and fluctuations or volatility in\ncapital markets or foreign currency exchange rates; and the accuracy of the\nassumptions and estimates underlying Yext's financial projections. Moreover,\nYext operates in a very competitive and rapidly changing environment. New\nrisks and uncertainties emerge from time to time, and it is not possible for\nYext to predict all risks and uncertainties that could have an impact on the\nforward-looking statements contained in this release. Yext cannot assure you\nthat the results, events and circumstances reflected in the forward-looking\nstatements will be achieved or occur, and actual results, events or\ncircumstances could differ materially from those described in the\nforward-looking statements. All written and oral forward-looking statements\nattributable to Yext, or persons acting on Yext's behalf, are expressly\nqualified in their entirety by these cautionary statements as well as other\ncautionary statements that are made from time to time in Yext's SEC filings\nand public communications, including, without limitation, in the sections\ntitled, “Special Note Regarding Forward Looking Statements” and “Risk\nFactors” in Yext's most recent Annual Report on Form 10-K and Quarterly\nReport on Form 10-Q, which are available at http://investors.yext.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Finvestors.yext.com&esheet=54545785&newsitemid=20260602317065&lan=en-US&anchor=http%3A%2F%2Finvestors.yext.com&index=2&md5=7864d44e10cbf36448fcf833755bbc50)\nand on the SEC's website at https://www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.sec.gov&esheet=54545785&newsitemid=20260602317065&lan=en-US&anchor=https%3A%2F%2Fwww.sec.gov&index=3&md5=3ea2d26cf6f945775dda815f8a86d3fc)\n. All forward-looking statements are based on information available to Yext on\nthe date hereof, and Yext assumes no obligation to update or revise any\nforward-looking statements, whether as a result of new information, future\nevents, or otherwise, except as required by law.\n\nNon-GAAP Measurements\n\nIn addition to disclosing financial measures prepared in accordance with U.S.\ngenerally accepted accounting principles (\"GAAP\"), this release and the\naccompanying tables include non-GAAP net income (loss), non-GAAP net income\n(loss) per share, and non-GAAP net income (loss) as a percentage of revenue,\nwhich are referred to as non-GAAP financial measures.\n\nThese non-GAAP financial measures are not calculated in accordance with GAAP\nas they have been adjusted to exclude the effects of stock-based compensation\nexpense, acquisition-related costs, amortization of acquired intangibles,\nasset impairments, strategic transaction costs, and payroll tax contingencies.\nAcquisition-related costs include transaction and related costs, subsequent\nfair value movements in contingent consideration, and compensation\narrangements. Asset impairments include charges associated with subleasing\nfloors of our corporate offices and capitalized implementation costs of cloud\ncomputing arrangements. Strategic transaction costs relate to third-party\ncosts incurred in connection with Michael Walrath’s, Yext’s Chief\nExecutive Officer and Chairman on the Board of Directors, non-binding proposal\nto acquire all outstanding shares. Payroll tax contingencies are related to a\nstate payroll withholding tax audit that are not expected to recur. Non-GAAP\nnet income (loss) as a percentage of revenue is calculated by dividing the\napplicable non-GAAP financial measure by revenue. Non-GAAP net income (loss)\nper share is defined as non-GAAP net income (loss) on a per share basis. We\ndefine non-GAAP net income (loss) per share, basic, as non-GAAP net income\n(loss) divided by weighted average shares outstanding and non-GAAP net income\n(loss) per share, diluted, as non-GAAP net income (loss) divided by weighted\naverage diluted shares outstanding, which includes the potentially dilutive\neffect of shares using the treasury stock method or the if-converted method\ndepending on the arrangement.\n\nWe utilize a projected tax rate of 25.5% in our computation of the non-GAAP\nincome tax provision for fiscal 2027. Our estimated tax rate on non-GAAP\nincome is determined annually and may be adjusted during the year to take into\naccount events or trends that we believe materially impact the estimated\nannual rate including, but not limited to, significant changes resulting from\ntax legislation, material changes in the geographic mix of revenue and\nexpenses and other significant events. Our estimated tax rate on non-GAAP\nincome may differ from our GAAP tax rate and from our actual tax liabilities.\n\nWe believe these non-GAAP financial measures provide investors and other users\nof our financial information consistency and comparability with our past\nfinancial performance and facilitate period-to-period comparisons of our\nresults of operations. With respect to non-GAAP net income (loss) as a\npercentage of revenue, we believe this non-GAAP financial measure is useful in\nevaluating our profitability relative to the amount of revenue generated,\nexcluding the impact of stock-based compensation expense, acquisition-related\ncosts, amortization of acquired intangibles, asset impairments, strategic\nacquisition costs, and payroll tax contingencies. We also believe non-GAAP\nfinancial measures are useful in evaluating our operating performance compared\nto that of other companies in our industry, as these metrics eliminate the\neffects of the aforementioned items, which may vary for reasons unrelated to\noverall operating performance.\n\nWe also discuss Adjusted EBITDA and Adjusted EBITDA margin, non-GAAP financial\nmeasures that we believe offer a useful view of overall operations used to\nassess the performance of core business operations and for planning purposes.\nWe define Adjusted EBITDA as GAAP net income (loss) before (1) interest income\n(expense), net, (2) (provision for) benefit from income taxes, (3)\ndepreciation and amortization, (4) other income (expense), net, (5)\nstock-based compensation expense, (6) acquisition-related costs, (7) asset\nimpairments, (8) strategic transaction costs, and (9) payroll tax\ncontingencies. The most directly comparable GAAP financial measure to Adjusted\nEBITDA is GAAP net income (loss). Users should consider the limitations of\nusing Adjusted EBITDA, including the fact that this measure does not provide a\ncomplete measure of our operating performance. Adjusted EBITDA is not intended\nto purport to be an alternate to GAAP net income (loss) as a measure of\noperating performance. Adjusted EBITDA margin is calculated by dividing\nAdjusted EBITDA by revenue.\n\nWe also present free cash flow, which is a non-GAAP measure defined as net\ncash provided by (used in) operating activities, less cash used for purchases\nof capital expenditures, inclusive of capitalized software development costs.\nFree cash flow margin is calculated as free cash flow divided by total\nrevenue. We believe this is meaningful to investors because it is a measure of\nliquidity that provides useful information in understanding and evaluating the\nstrength of our liquidity and future ability to generate cash that can be used\nfor strategic opportunities or investing in our business.\n\nWe use these non-GAAP financial measures in conjunction with traditional GAAP\nmeasures as part of our overall assessment of our performance, including the\npreparation of our annual operating budget and quarterly forecasts, and to\nevaluate the effectiveness of our business strategies. Our definitions may\ndiffer from the definitions used by other companies and therefore\ncomparability may be limited. In addition, other companies may not publish\nthese or similar metrics. Thus, our non-GAAP financial measures should be\nconsidered in addition to, not as a substitute for, nor superior to or in\nisolation from, measures prepared in accordance with GAAP.\n\nThese non-GAAP financial measures may be limited in their usefulness because\nthey do not present the full economic effect of our use of stock-based\ncompensation, certain acquisition-related costs, asset impairments, strategic\nacquisition costs, and payroll tax contingencies. We compensate for these\nlimitations by providing investors and other users of our financial\ninformation a reconciliation of the non-GAAP financial measure to the most\nclosely related GAAP financial measure. We encourage investors and others to\nreview our financial information in its entirety, not to rely on any single\nfinancial measure and to view non-GAAP net income (loss) and non-GAAP net\nincome (loss) per share in conjunction with GAAP net income (loss) and net\nincome (loss) per share.\n\nRecent Changes in Non-GAAP Metrics\n\nBeginning with the three months ended April 30, 2026, we revised our\ndefinition of Non-GAAP net income (loss) and Adjusted EBITDA to include asset\nimpairment charges associated with capitalized implementation costs of cloud\ncomputing arrangements. We believe this change provides investors with a view\nof continuing core operations without the effects of this item, which may vary\nfor reasons unrelated to overall operating performance.\n\nWe have recast our results on the same basis for the prior comparative periods\npresented, although the effects in those periods remain unchanged.\n\nOperating Metrics\n\nThis release also includes certain operating metrics that we believe are\nuseful in providing additional information in assessing the overall\nperformance of our business.\n\nARR is defined as the annualized recurring amount of all contracts executed as\nof the last day of the reporting period. The recurring amount of a contract is\ndetermined based upon the terms of a contract and is calculated by dividing\nthe amount of a contract by the term of the contract and then annualizing such\namount. The calculation assumes no subsequent changes to the existing\nsubscription, and where relevant, includes the annualized contractual minimum\ncommitment and amounts related to usage above the contractual minimum\ncommitment. We calculate usage by annualizing monthly amounts in excess of\ncontractual minimum commitments in the current month. Contracts include\nportions of professional services contracts that are recurring in nature.\n\nARR is independent of historical revenue, unearned revenue, remaining\nperformance obligations or any other GAAP financial measure over any period.\nIt should be considered in addition to, not as a substitute for, nor superior\nto or in isolation from, these measures and other measures prepared in\naccordance with GAAP. We believe ARR-based metrics provide insight into the\nperformance of our recurring revenue business model while mitigating\nfluctuations in billing and contract terms.\n YEXT, INC. \n Consolidated Balance Sheets \n (In thousands, except share and per share data) \n (Unaudited) \n   \n   April 30, 2026   January 31, 2026 \n Assets       \n Current assets:       \n Cash and cash equivalents $ 91,881     $ 154,123   \n Restricted cash, current   —       1,500   \n Accounts receivable, net of allowances of $2,125 and $2,345, respectively   70,399       120,637   \n Prepaid expenses and other current assets   27,091       21,253   \n Costs to obtain revenue contracts, current   18,580       20,291   \n Total current assets   207,951       317,804   \n Property and equipment, net   27,357       30,088   \n Operating lease right-of-use assets   45,699       50,908   \n Restricted cash, non-current   13,541       13,551   \n Costs to obtain revenue contracts, non-current   9,340       10,663   \n Goodwill   110,758       110,801   \n Intangible assets, net   81,094       85,133   \n Other long term assets   3,744       2,828   \n Total assets $ 499,484     $ 621,776   \n Liabilities and stockholders’ equity       \n Current liabilities:       \n Accounts payable, accrued expenses and other current liabilities $ 36,588     $ 52,528   \n Unearned revenue, current   201,128       217,465   \n Operating lease liabilities, current   18,882       18,590   \n Contingent consideration, current   7,000       8,200   \n Total current liabilities   263,598       296,783   \n Operating lease liabilities, non-current   58,224       61,915   \n Long term debt, net   147,597       97,959   \n Other long term liabilities   5,586       5,698   \n Total liabilities   475,005       462,355   \n Commitments and contingencies       \n Stockholders’ equity:       \n Preferred stock, $0.001 par value per share; 50,000,000 shares authorized at   —       —   \n April 30, 2026 and January 31, 2026; zero shares issued and outstanding at \n April 30, 2026 and January 31, 2026 \n Common stock, $0.001 par value per share; 500,000,000 shares authorized at   136       158   \n April 30, 2026 and January 31, 2026; 135,569,561 and 158,368,658 shares issued \n at April 30, 2026 and January 31, 2026, respectively; 100,133,930 and \n 122,933,027 shares outstanding at April 30, 2026 and January 31, 2026, \n respectively \n Additional paid-in capital   890,797       1,027,900   \n Accumulated other comprehensive loss   (2,011 )     (1,569 ) \n Accumulated deficit   (666,624 )     (669,249 ) \n Treasury stock, at cost   (197,819 )     (197,819 ) \n Total stockholders’ equity   24,479       159,421   \n Total liabilities and stockholders’ equity $ 499,484     $ 621,776   \n\n YEXT, INC. \n Consolidated Statements of Operations and Comprehensive Income \n (In thousands, except share and per share data) \n (Unaudited) \n   \n   Three months ended April 30, \n   2026   2025 \n Revenue $ 107,917     $ 109,483   \n Cost of revenue   29,195       27,105   \n Gross profit   78,722       82,378   \n Operating expenses:       \n Sales and marketing   29,397       36,209   \n Research and development   21,480       21,896   \n General and administrative   22,263       23,155   \n Total operating expenses   73,140       81,260   \n Income from operations   5,582       1,118   \n Interest income   743       632   \n Interest expense   (3,102 )     (642 ) \n Other expense, net   (165 )     (355 ) \n Income from operations before income taxes   3,058       753   \n (Provision for) benefit from income taxes   (433 )     17   \n Net income $ 2,625     $ 770   \n         \n Net income per share attributable to common stockholders, basic $ 0.02     $ 0.01   \n Net income per share attributable to common stockholders, diluted $ 0.02     $ 0.01   \n Weighted-average number of shares used in computing net income per share   111,725,486       125,651,595   \n attributable to common stockholders, basic \n Weighted-average number of shares used in computing net income per share   112,957,469       131,272,117   \n attributable to common stockholders, diluted \n         \n Other comprehensive (loss) income:       \n Foreign currency translation adjustment $ (451 )   $ 3,283   \n Unrealized gain on marketable securities, net   9       —   \n Total comprehensive income $ 2,183     $ 4,053   \n\n YEXT, INC. \n Consolidated Statements of Cash Flows \n (In thousands) \n (Unaudited) \n   \n   Three months ended April 30, \n   2026   2025 \n Operating activities:       \n Net income $ 2,625     $ 770   \n Adjustments to reconcile net income to net cash provided by operating       \n activities: \n Depreciation and amortization expense   6,211       6,855   \n Impairment of long-lived assets   4,689       —   \n Bad debt expense   397       286   \n Stock-based compensation expense   10,034       12,659   \n Amortization of operating lease right-of-use assets   2,256       2,315   \n Adjustments to contingent consideration   210       1,800   \n Other, net   237       432   \n Changes in operating assets and liabilities, net of assets acquired and       \n liabilities assumed in business acquisitions: \n Accounts receivable   49,372       43,140   \n Prepaid expenses and other current assets   (6,341 )     (4,985 ) \n Costs to obtain revenue contracts   2,936       3,234   \n Other long term assets   (949 )     5,863   \n Accounts payable, accrued expenses and other current liabilities   (14,696 )     834   \n Unearned revenue   (15,819 )     (21,688 ) \n Operating lease liabilities   (3,672 )     (3,509 ) \n Other long term liabilities   (60 )     (10,281 ) \n Net cash provided by operating activities   37,430       37,725   \n Investing activities:       \n Capital expenditures   (429 )     (562 ) \n Cash paid in acquisitions, net of cash acquired   —       (18,801 ) \n Net cash used in investing activities   (429 )     (19,363 ) \n Financing activities:       \n Proceeds from exercise of stock options   —       118   \n Proceeds from debt issuance   49,500       —   \n Repurchase of common stock   (142,011 )     (27,635 ) \n Payments for taxes related to net share settlement of stock-based compensation   (5,032 )     (2,137 ) \n awards \n Payments of deferred financing costs   (49 )     (59 ) \n Deferred acquisition payments   (2,905 )     —   \n Proceeds, net from employee stock purchase plan withholdings   426       690   \n Net cash used in financing activities   (100,071 )     (29,023 ) \n Effect of exchange rate changes on cash, cash equivalents and restricted cash   (682 )     4,022   \n Net decrease in cash, cash equivalents and restricted cash   (63,752 )     (6,639 ) \n Cash, cash equivalents and restricted cash at beginning of period   169,174       138,654   \n Cash, cash equivalents and restricted cash at end of period $ 105,422     $ 132,015   \n\n\nSupplemental reconciliation of cash, cash equivalents and restricted cash\nreported within the condensed consolidated balance sheets:\n   Three months ended April 30, \n (in thousands) 2026   2025 \n Cash and cash equivalents $ 91,881   $ 114,994 \n Restricted cash, current and non-current   13,541     17,021 \n Total cash, cash equivalents and restricted cash $ 105,422   $ 132,015 \n\n YEXT, INC. \n Reconciliation of GAAP to Non-GAAP Financial Measures \n (In thousands) \n (Unaudited) \n   \n   Three months ended April 30, \n   2026   2025 \n GAAP net income to Adjusted EBITDA:       \n GAAP net income $ 2,625     $ 770   \n Interest expense, net   2,359       10   \n Provision for (benefit from) income taxes   433       (17 ) \n Depreciation and amortization   6,211       6,855   \n Other expense, net   165       355   \n Stock-based compensation expense   10,034       12,659   \n Acquisition-related costs   419       4,048   \n Asset impairments   4,689       —   \n Strategic transaction costs   101       —   \n Payroll tax contingencies   (98 )     —   \n Adjusted EBITDA $ 26,938     $ 24,680   \n         \n GAAP net income as a percentage of revenue   2.4 %     0.7 % \n Adjusted EBITDA margin   25.0 %     22.5 % \n   \n __________________  \n Note: Numbers rounded for presentation purposes and may not sum. \n\n YEXT, INC. \n Reconciliation of GAAP to Non-GAAP Financial Measures \n (In thousands, except share and per share data) \n (Unaudited) \n   \n   Three months ended April 30, \n   2026   2025 \n GAAP net income $ 2,625     $ 770   \n Plus: Stock-based compensation expense   10,034       12,659   \n Plus: Acquisition-related costs   419       4,048   \n Plus: Amortization of acquired intangibles   4,033       4,141   \n Less: Tax adjustment( (1))   (5,237 )     (5,093 ) \n Plus: Asset impairments   4,689       —   \n Plus: Strategic transaction costs   101       —   \n Less: Payroll tax contingencies   (98 )     —   \n Non-GAAP net income $ 16,566     $ 16,525   \n GAAP net income as a percentage of revenue   2.4 %     0.7 % \n Non-GAAP net income as a percentage of revenue   15.4 %     15.1 % \n         \n GAAP net income per share attributable to common stockholders, basic $ 0.02     $ 0.01   \n Non-GAAP net income per share attributable to common stockholders, basic $ 0.15     $ 0.13   \n         \n GAAP net income per share attributable to common stockholders, diluted $ 0.02     $ 0.01   \n Non-GAAP net income per share attributable to common stockholders, diluted $ 0.14     $ 0.12   \n         \n Weighted-average number of shares used in computing GAAP net income per share       \n attributable to common stockholders \n Basic   111,725,486       125,651,595   \n Diluted   112,957,469       131,272,117   \n Weighted-average number of shares used in computing non-GAAP net income per       \n share attributable to common stockholders \n Basic   111,725,486       125,651,595   \n Diluted   114,295,220       133,407,752   \n   \n ((1) )For fiscal year 2027 we utilize a projected tax rate of 25.5% in our \n computation of the non-GAAP income tax provision. \n __________________   \n Note: Numbers rounded for presentation purposes and may not sum. \n\n YEXT, INC. \n Reconciliation of GAAP to Non-GAAP Financial Measures \n (In thousands) \n (Unaudited) \n   \n   Three months ended April 30, \n Free Cash Flow 2026   2025 \n Net cash provided by operating activities $ 37,430     $ 37,725   \n Less: Capital expenditures inclusive of capitalized software development costs   (429 )     (562 ) \n Free cash flow $ 37,001     $ 37,163   \n Operating cash flow margin   35 %     34 % \n Free cash flow margin   34 %     34 % \n     \n __________________    \n Note: Numbers rounded for presentation purposes and may not sum. \n\n\n \n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260602317065/en/\n(https://www.businesswire.com/news/home/20260602317065/en/)\n\nInvestor Relations:\n\nIR@yext.com \n(mailto:IR@yext.com) \n\n\nPublic Relations:\n\nPR@yext.com (mailto:PR@yext.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw5PDjFPa","title":"Yext Announces First Quarter Fiscal 2027 Results","author":"Business Wire","ticker":"YEXT","created":"2026-06-02T20:05:00.183Z","tickers":["YEXT"],"exchange":"NYSE","article_body":"Yext Announces First Quarter Fiscal 2027 Results\n\n\n * Revenue of $107.9 million\n\n * Net Income Per Share, basic, of $0.02 or non-GAAP Net Income Per Share of\n$0.15\n\n * Adjusted EBITDA of $26.9 million, resulting in an Adjusted EBITDA margin of\n25%\n\n * ARR of $440.8 million\n\n * Repurchased 24.3 million shares for $140 million through its completed Tender\nOffer\n\n * Separate open market share repurchase program authorization increased by $100\nmillion\n\nYext, Inc. (NYSE: YEXT), the enterprise agentic marketing platform, today\nannounced its results for the three months ended April 30, 2026, or Yext's\nfirst quarter, of fiscal year 2027.\n\nFor more detailed information on Yext's operating and financial results for\nthe first quarter of fiscal year 2027 please refer to the Letter to\nShareholders, which can be found on the Yext Investor Relations website at\nhttps://investors.yext.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finvestors.yext.com&esheet=54545785&newsitemid=20260602317065&lan=en-US&anchor=https%3A%2F%2Finvestors.yext.com&index=1&md5=1a4e2fd18be4beaed0d194a2ebf14d4d)\n.\n\n“Our first quarter performance highlights the structural efficiency and\nprofitability of our operations, delivering $26.9 million in Adjusted EBITDA\nand a strong 25% Adjusted EBITDA margin,” said Michael Walrath, Yext\nChairman and CEO. “While AI has proven to be a disruptive force for many, we\nbelieve Yext is well positioned as technology consumption expands beyond human\nusers to autonomous agents. Our sustained cash generation directly fuels our\ncapacity to accelerate our roadmap, positioning Yext as the indispensable\ninfrastructure layer for brands deploying AI agents. Looking ahead, the\nimproving year-over-year growth in our customers with ARR ≥$50K along with\nour strong cash balance sheet allows us to simultaneously fund internal\nR&D, pursue high-return M&A to increase our velocity, and return\ncapital to shareholders. Because of this, we believe the opportunity for Yext\nhas never been greater.”\n\nReaders are encouraged to review the tables labeled \"Reconciliation of GAAP to\nNon-GAAP Financial Measures\" at the end of this release.\n\nAbout Yext\n\nYext is the enterprise agentic marketing platform. Built on the world's most\ncomprehensive structured data platform for local businesses, Yext gives brands\nand their partners the visibility intelligence to win every moment of\ndiscovery — across AI and traditional search. Yext's API-first architecture\nconnects structured data to APIs, MCP servers, and generative interfaces, so\npartners and developers can build purpose-built experiences on the same\ninfrastructure powering Yext's own products. Thousands of brands and digital\nmarketing partners in financial services, healthcare, retail, hospitality, and\nfood rely on Yext to manage, measure, and optimize visibility at scale. For\nmore information, visit yext.com.\n\nStatement Regarding Forward-Looking Statements\n\nThis release and the related shareholder letter includes \"forward-looking\nstatements\" including, without limitation, statements regarding Yext's\nexpectations, beliefs, intentions, or strategies regarding the future, Yext's\nexpectations regarding its capital allocation strategy, including Yext's\nrecently completed self-tender offer and the effects thereof, Yext's expected\nfinancial performance, and statements regarding expectations regarding the\ngrowth of the company, Yext's market opportunity, product roadmap, cost saving\nand efficiency actions, and Yext's industry, including search fragmentation\nand AI trends. You can identify forward-looking statements by the use of\nterminology such as \"believe\", \"expect\", \"will\", \"should,\" \"could\",\n\"estimate\", \"anticipate\" or similar forward-looking terms. These statements\nare based upon current beliefs and are subject to many risks and uncertainties\nthat could cause actual results to differ materially from these statements.\nThe following factors, among others, could cause or contribute to such\ndifferences: Yext's recently completed self-tender offer and the effects\nthereof, including the effects of the increases in costs of capital relative\nto Yext's share price; Yext's ability to renew and expand subscriptions with\nexisting customers, especially enterprise customers, and attract new customers\ngenerally; Yext's ability to successfully expand and compete in new\ngeographies and industry verticals; the quality of Yext's sales pipeline and\nability to convert leads; Yext's ability to expand its service and application\nprovider network; Yext's ability to develop or acquire new product and\nplatform offerings to expand its market opportunity; Yext's ability to release\nnew products and updates that are adopted by its customers; weakened or\nchanging global economic conditions, downturns, or uncertainty, including\nhigher inflation, higher interest rates, and fluctuations or volatility in\ncapital markets or foreign currency exchange rates; and the accuracy of the\nassumptions and estimates underlying Yext's financial projections. Moreover,\nYext operates in a very competitive and rapidly changing environment. New\nrisks and uncertainties emerge from time to time, and it is not possible for\nYext to predict all risks and uncertainties that could have an impact on the\nforward-looking statements contained in this release. Yext cannot assure you\nthat the results, events and circumstances reflected in the forward-looking\nstatements will be achieved or occur, and actual results, events or\ncircumstances could differ materially from those described in the\nforward-looking statements. All written and oral forward-looking statements\nattributable to Yext, or persons acting on Yext's behalf, are expressly\nqualified in their entirety by these cautionary statements as well as other\ncautionary statements that are made from time to time in Yext's SEC filings\nand public communications, including, without limitation, in the sections\ntitled, “Special Note Regarding Forward Looking Statements” and “Risk\nFactors” in Yext's most recent Annual Report on Form 10-K and Quarterly\nReport on Form 10-Q, which are available at http://investors.yext.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Finvestors.yext.com&esheet=54545785&newsitemid=20260602317065&lan=en-US&anchor=http%3A%2F%2Finvestors.yext.com&index=2&md5=7864d44e10cbf36448fcf833755bbc50)\nand on the SEC's website at https://www.sec.gov\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.sec.gov&esheet=54545785&newsitemid=20260602317065&lan=en-US&anchor=https%3A%2F%2Fwww.sec.gov&index=3&md5=3ea2d26cf6f945775dda815f8a86d3fc)\n. All forward-looking statements are based on information available to Yext on\nthe date hereof, and Yext assumes no obligation to update or revise any\nforward-looking statements, whether as a result of new information, future\nevents, or otherwise, except as required by law.\n\nNon-GAAP Measurements\n\nIn addition to disclosing financial measures prepared in accordance with U.S.\ngenerally accepted accounting principles (\"GAAP\"), this release and the\naccompanying tables include non-GAAP net income (loss), non-GAAP net income\n(loss) per share, and non-GAAP net income (loss) as a percentage of revenue,\nwhich are referred to as non-GAAP financial measures.\n\nThese non-GAAP financial measures are not calculated in accordance with GAAP\nas they have been adjusted to exclude the effects of stock-based compensation\nexpense, acquisition-related costs, amortization of acquired intangibles,\nasset impairments, strategic transaction costs, and payroll tax contingencies.\nAcquisition-related costs include transaction and related costs, subsequent\nfair value movements in contingent consideration, and compensation\narrangements. Asset impairments include charges associated with subleasing\nfloors of our corporate offices and capitalized implementation costs of cloud\ncomputing arrangements. Strategic transaction costs relate to third-party\ncosts incurred in connection with Michael Walrath’s, Yext’s Chief\nExecutive Officer and Chairman on the Board of Directors, non-binding proposal\nto acquire all outstanding shares. Payroll tax contingencies are related to a\nstate payroll withholding tax audit that are not expected to recur. Non-GAAP\nnet income (loss) as a percentage of revenue is calculated by dividing the\napplicable non-GAAP financial measure by revenue. Non-GAAP net income (loss)\nper share is defined as non-GAAP net income (loss) on a per share basis. We\ndefine non-GAAP net income (loss) per share, basic, as non-GAAP net income\n(loss) divided by weighted average shares outstanding and non-GAAP net income\n(loss) per share, diluted, as non-GAAP net income (loss) divided by weighted\naverage diluted shares outstanding, which includes the potentially dilutive\neffect of shares using the treasury stock method or the if-converted method\ndepending on the arrangement.\n\nWe utilize a projected tax rate of 25.5% in our computation of the non-GAAP\nincome tax provision for fiscal 2027. Our estimated tax rate on non-GAAP\nincome is determined annually and may be adjusted during the year to take into\naccount events or trends that we believe materially impact the estimated\nannual rate including, but not limited to, significant changes resulting from\ntax legislation, material changes in the geographic mix of revenue and\nexpenses and other significant events. Our estimated tax rate on non-GAAP\nincome may differ from our GAAP tax rate and from our actual tax liabilities.\n\nWe believe these non-GAAP financial measures provide investors and other users\nof our financial information consistency and comparability with our past\nfinancial performance and facilitate period-to-period comparisons of our\nresults of operations. With respect to non-GAAP net income (loss) as a\npercentage of revenue, we believe this non-GAAP financial measure is useful in\nevaluating our profitability relative to the amount of revenue generated,\nexcluding the impact of stock-based compensation expense, acquisition-related\ncosts, amortization of acquired intangibles, asset impairments, strategic\nacquisition costs, and payroll tax contingencies. We also believe non-GAAP\nfinancial measures are useful in evaluating our operating performance compared\nto that of other companies in our industry, as these metrics eliminate the\neffects of the aforementioned items, which may vary for reasons unrelated to\noverall operating performance.\n\nWe also discuss Adjusted EBITDA and Adjusted EBITDA margin, non-GAAP financial\nmeasures that we believe offer a useful view of overall operations used to\nassess the performance of core business operations and for planning purposes.\nWe define Adjusted EBITDA as GAAP net income (loss) before (1) interest income\n(expense), net, (2) (provision for) benefit from income taxes, (3)\ndepreciation and amortization, (4) other income (expense), net, (5)\nstock-based compensation expense, (6) acquisition-related costs, (7) asset\nimpairments, (8) strategic transaction costs, and (9) payroll tax\ncontingencies. The most directly comparable GAAP financial measure to Adjusted\nEBITDA is GAAP net income (loss). Users should consider the limitations of\nusing Adjusted EBITDA, including the fact that this measure does not provide a\ncomplete measure of our operating performance. Adjusted EBITDA is not intended\nto purport to be an alternate to GAAP net income (loss) as a measure of\noperating performance. Adjusted EBITDA margin is calculated by dividing\nAdjusted EBITDA by revenue.\n\nWe also present free cash flow, which is a non-GAAP measure defined as net\ncash provided by (used in) operating activities, less cash used for purchases\nof capital expenditures, inclusive of capitalized software development costs.\nFree cash flow margin is calculated as free cash flow divided by total\nrevenue. We believe this is meaningful to investors because it is a measure of\nliquidity that provides useful information in understanding and evaluating the\nstrength of our liquidity and future ability to generate cash that can be used\nfor strategic opportunities or investing in our business.\n\nWe use these non-GAAP financial measures in conjunction with traditional GAAP\nmeasures as part of our overall assessment of our performance, including the\npreparation of our annual operating budget and quarterly forecasts, and to\nevaluate the effectiveness of our business strategies. Our definitions may\ndiffer from the definitions used by other companies and therefore\ncomparability may be limited. In addition, other companies may not publish\nthese or similar metrics. Thus, our non-GAAP financial measures should be\nconsidered in addition to, not as a substitute for, nor superior to or in\nisolation from, measures prepared in accordance with GAAP.\n\nThese non-GAAP financial measures may be limited in their usefulness because\nthey do not present the full economic effect of our use of stock-based\ncompensation, certain acquisition-related costs, asset impairments, strategic\nacquisition costs, and payroll tax contingencies. We compensate for these\nlimitations by providing investors and other users of our financial\ninformation a reconciliation of the non-GAAP financial measure to the most\nclosely related GAAP financial measure. We encourage investors and others to\nreview our financial information in its entirety, not to rely on any single\nfinancial measure and to view non-GAAP net income (loss) and non-GAAP net\nincome (loss) per share in conjunction with GAAP net income (loss) and net\nincome (loss) per share.\n\nRecent Changes in Non-GAAP Metrics\n\nBeginning with the three months ended April 30, 2026, we revised our\ndefinition of Non-GAAP net income (loss) and Adjusted EBITDA to include asset\nimpairment charges associated with capitalized implementation costs of cloud\ncomputing arrangements. We believe this change provides investors with a view\nof continuing core operations without the effects of this item, which may vary\nfor reasons unrelated to overall operating performance.\n\nWe have recast our results on the same basis for the prior comparative periods\npresented, although the effects in those periods remain unchanged.\n\nOperating Metrics\n\nThis release also includes certain operating metrics that we believe are\nuseful in providing additional information in assessing the overall\nperformance of our business.\n\nARR is defined as the annualized recurring amount of all contracts executed as\nof the last day of the reporting period. The recurring amount of a contract is\ndetermined based upon the terms of a contract and is calculated by dividing\nthe amount of a contract by the term of the contract and then annualizing such\namount. The calculation assumes no subsequent changes to the existing\nsubscription, and where relevant, includes the annualized contractual minimum\ncommitment and amounts related to usage above the contractual minimum\ncommitment. We calculate usage by annualizing monthly amounts in excess of\ncontractual minimum commitments in the current month. Contracts include\nportions of professional services contracts that are recurring in nature.\n\nARR is independent of historical revenue, unearned revenue, remaining\nperformance obligations or any other GAAP financial measure over any period.\nIt should be considered in addition to, not as a substitute for, nor superior\nto or in isolation from, these measures and other measures prepared in\naccordance with GAAP. We believe ARR-based metrics provide insight into the\nperformance of our recurring revenue business model while mitigating\nfluctuations in billing and contract terms.\n YEXT, INC. \n Consolidated Balance Sheets \n (In thousands, except share and per share data) \n (Unaudited) \n   \n   April 30, 2026   January 31, 2026 \n Assets       \n Current assets:       \n Cash and cash equivalents $ 91,881     $ 154,123   \n Restricted cash, current   —       1,500   \n Accounts receivable, net of allowances of $2,125 and $2,345, respectively   70,399       120,637   \n Prepaid expenses and other current assets   27,091       21,253   \n Costs to obtain revenue contracts, current   18,580       20,291   \n Total current assets   207,951       317,804   \n Property and equipment, net   27,357       30,088   \n Operating lease right-of-use assets   45,699       50,908   \n Restricted cash, non-current   13,541       13,551   \n Costs to obtain revenue contracts, non-current   9,340       10,663   \n Goodwill   110,758       110,801   \n Intangible assets, net   81,094       85,133   \n Other long term assets   3,744       2,828   \n Total assets $ 499,484     $ 621,776   \n Liabilities and stockholders’ equity       \n Current liabilities:       \n Accounts payable, accrued expenses and other current liabilities $ 36,588     $ 52,528   \n Unearned revenue, current   201,128       217,465   \n Operating lease liabilities, current   18,882       18,590   \n Contingent consideration, current   7,000       8,200   \n Total current liabilities   263,598       296,783   \n Operating lease liabilities, non-current   58,224       61,915   \n Long term debt, net   147,597       97,959   \n Other long term liabilities   5,586       5,698   \n Total liabilities   475,005       462,355   \n Commitments and contingencies       \n Stockholders’ equity:       \n Preferred stock, $0.001 par value per share; 50,000,000 shares authorized at   —       —   \n April 30, 2026 and January 31, 2026; zero shares issued and outstanding at \n April 30, 2026 and January 31, 2026 \n Common stock, $0.001 par value per share; 500,000,000 shares authorized at   136       158   \n April 30, 2026 and January 31, 2026; 135,569,561 and 158,368,658 shares issued \n at April 30, 2026 and January 31, 2026, respectively; 100,133,930 and \n 122,933,027 shares outstanding at April 30, 2026 and January 31, 2026, \n respectively \n Additional paid-in capital   890,797       1,027,900   \n Accumulated other comprehensive loss   (2,011 )     (1,569 ) \n Accumulated deficit   (666,624 )     (669,249 ) \n Treasury stock, at cost   (197,819 )     (197,819 ) \n Total stockholders’ equity   24,479       159,421   \n Total liabilities and stockholders’ equity $ 499,484     $ 621,776   \n\n YEXT, INC. \n Consolidated Statements of Operations and Comprehensive Income \n (In thousands, except share and per share data) \n (Unaudited) \n   \n   Three months ended April 30, \n   2026   2025 \n Revenue $ 107,917     $ 109,483   \n Cost of revenue   29,195       27,105   \n Gross profit   78,722       82,378   \n Operating expenses:       \n Sales and marketing   29,397       36,209   \n Research and development   21,480       21,896   \n General and administrative   22,263       23,155   \n Total operating expenses   73,140       81,260   \n Income from operations   5,582       1,118   \n Interest income   743       632   \n Interest expense   (3,102 )     (642 ) \n Other expense, net   (165 )     (355 ) \n Income from operations before income taxes   3,058       753   \n (Provision for) benefit from income taxes   (433 )     17   \n Net income $ 2,625     $ 770   \n         \n Net income per share attributable to common stockholders, basic $ 0.02     $ 0.01   \n Net income per share attributable to common stockholders, diluted $ 0.02     $ 0.01   \n Weighted-average number of shares used in computing net income per share   111,725,486       125,651,595   \n attributable to common stockholders, basic \n Weighted-average number of shares used in computing net income per share   112,957,469       131,272,117   \n attributable to common stockholders, diluted \n         \n Other comprehensive (loss) income:       \n Foreign currency translation adjustment $ (451 )   $ 3,283   \n Unrealized gain on marketable securities, net   9       —   \n Total comprehensive income $ 2,183     $ 4,053   \n\n YEXT, INC. \n Consolidated Statements of Cash Flows \n (In thousands) \n (Unaudited) \n   \n   Three months ended April 30, \n   2026   2025 \n Operating activities:       \n Net income $ 2,625     $ 770   \n Adjustments to reconcile net income to net cash provided by operating       \n activities: \n Depreciation and amortization expense   6,211       6,855   \n Impairment of long-lived assets   4,689       —   \n Bad debt expense   397       286   \n Stock-based compensation expense   10,034       12,659   \n Amortization of operating lease right-of-use assets   2,256       2,315   \n Adjustments to contingent consideration   210       1,800   \n Other, net   237       432   \n Changes in operating assets and liabilities, net of assets acquired and       \n liabilities assumed in business acquisitions: \n Accounts receivable   49,372       43,140   \n Prepaid expenses and other current assets   (6,341 )     (4,985 ) \n Costs to obtain revenue contracts   2,936       3,234   \n Other long term assets   (949 )     5,863   \n Accounts payable, accrued expenses and other current liabilities   (14,696 )     834   \n Unearned revenue   (15,819 )     (21,688 ) \n Operating lease liabilities   (3,672 )     (3,509 ) \n Other long term liabilities   (60 )     (10,281 ) \n Net cash provided by operating activities   37,430       37,725   \n Investing activities:       \n Capital expenditures   (429 )     (562 ) \n Cash paid in acquisitions, net of cash acquired   —       (18,801 ) \n Net cash used in investing activities   (429 )     (19,363 ) \n Financing activities:       \n Proceeds from exercise of stock options   —       118   \n Proceeds from debt issuance   49,500       —   \n Repurchase of common stock   (142,011 )     (27,635 ) \n Payments for taxes related to net share settlement of stock-based compensation   (5,032 )     (2,137 ) \n awards \n Payments of deferred financing costs   (49 )     (59 ) \n Deferred acquisition payments   (2,905 )     —   \n Proceeds, net from employee stock purchase plan withholdings   426       690   \n Net cash used in financing activities   (100,071 )     (29,023 ) \n Effect of exchange rate changes on cash, cash equivalents and restricted cash   (682 )     4,022   \n Net decrease in cash, cash equivalents and restricted cash   (63,752 )     (6,639 ) \n Cash, cash equivalents and restricted cash at beginning of period   169,174       138,654   \n Cash, cash equivalents and restricted cash at end of period $ 105,422     $ 132,015   \n\n\nSupplemental reconciliation of cash, cash equivalents and restricted cash\nreported within the condensed consolidated balance sheets:\n   Three months ended April 30, \n (in thousands) 2026   2025 \n Cash and cash equivalents $ 91,881   $ 114,994 \n Restricted cash, current and non-current   13,541     17,021 \n Total cash, cash equivalents and restricted cash $ 105,422   $ 132,015 \n\n YEXT, INC. \n Reconciliation of GAAP to Non-GAAP Financial Measures \n (In thousands) \n (Unaudited) \n   \n   Three months ended April 30, \n   2026   2025 \n GAAP net income to Adjusted EBITDA:       \n GAAP net income $ 2,625     $ 770   \n Interest expense, net   2,359       10   \n Provision for (benefit from) income taxes   433       (17 ) \n Depreciation and amortization   6,211       6,855   \n Other expense, net   165       355   \n Stock-based compensation expense   10,034       12,659   \n Acquisition-related costs   419       4,048   \n Asset impairments   4,689       —   \n Strategic transaction costs   101       —   \n Payroll tax contingencies   (98 )     —   \n Adjusted EBITDA $ 26,938     $ 24,680   \n         \n GAAP net income as a percentage of revenue   2.4 %     0.7 % \n Adjusted EBITDA margin   25.0 %     22.5 % \n   \n __________________  \n Note: Numbers rounded for presentation purposes and may not sum. \n\n YEXT, INC. \n Reconciliation of GAAP to Non-GAAP Financial Measures \n (In thousands, except share and per share data) \n (Unaudited) \n   \n   Three months ended April 30, \n   2026   2025 \n GAAP net income $ 2,625     $ 770   \n Plus: Stock-based compensation expense   10,034       12,659   \n Plus: Acquisition-related costs   419       4,048   \n Plus: Amortization of acquired intangibles   4,033       4,141   \n Less: Tax adjustment( (1))   (5,237 )     (5,093 ) \n Plus: Asset impairments   4,689       —   \n Plus: Strategic transaction costs   101       —   \n Less: Payroll tax contingencies   (98 )     —   \n Non-GAAP net income $ 16,566     $ 16,525   \n GAAP net income as a percentage of revenue   2.4 %     0.7 % \n Non-GAAP net income as a percentage of revenue   15.4 %     15.1 % \n         \n GAAP net income per share attributable to common stockholders, basic $ 0.02     $ 0.01   \n Non-GAAP net income per share attributable to common stockholders, basic $ 0.15     $ 0.13   \n         \n GAAP net income per share attributable to common stockholders, diluted $ 0.02     $ 0.01   \n Non-GAAP net income per share attributable to common stockholders, diluted $ 0.14     $ 0.12   \n         \n Weighted-average number of shares used in computing GAAP net income per share       \n attributable to common stockholders \n Basic   111,725,486       125,651,595   \n Diluted   112,957,469       131,272,117   \n Weighted-average number of shares used in computing non-GAAP net income per       \n share attributable to common stockholders \n Basic   111,725,486       125,651,595   \n Diluted   114,295,220       133,407,752   \n   \n ((1) )For fiscal year 2027 we utilize a projected tax rate of 25.5% in our \n computation of the non-GAAP income tax provision. \n __________________   \n Note: Numbers rounded for presentation purposes and may not sum. \n\n YEXT, INC. \n Reconciliation of GAAP to Non-GAAP Financial Measures \n (In thousands) \n (Unaudited) \n   \n   Three months ended April 30, \n Free Cash Flow 2026   2025 \n Net cash provided by operating activities $ 37,430     $ 37,725   \n Less: Capital expenditures inclusive of capitalized software development costs   (429 )     (562 ) \n Free cash flow $ 37,001     $ 37,163   \n Operating cash flow margin   35 %     34 % \n Free cash flow margin   34 %     34 % \n     \n __________________    \n Note: Numbers rounded for presentation purposes and may not sum. \n\n\n \n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260602317065/en/\n(https://www.businesswire.com/news/home/20260602317065/en/)\n\nInvestor Relations:\n\nIR@yext.com \n(mailto:IR@yext.com) \n\n\nPublic Relations:\n\nPR@yext.com (mailto:PR@yext.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-06-02T20:05:00.271114798Z","server_sent_at_ms":1780430700271},"received_at":"2026-06-02T20:05:00.482Z","source_url":"https://www.businesswire.com/news/home/20260602317065/en/"},"analysis":{"id":"42305","press_release_id":"52871","analysis_json":{"industry":{"label":"Software","sector":"Information Technology"},"redFlags":["Revenue declined 1.4% YoY despite strong profitability metrics","Significant share count reduction via tender offer may distort per-share growth comparisons"],"eventType":"earnings","narrative":"Yext reported Q1 FY27 revenue of $107.9 million, a slight 1.4% decline year-over-year, but delivered robust profitability with $26.9 million in Adjusted EBITDA and a 25% margin.\n\nThe company generated $37.0 million in free cash flow (34% margin) and reported $440.8 million in Annual Recurring Revenue, highlighting the strength of its recurring business model.\n\nCapital return was a major theme: Yext completed a $140 million tender offer repurchasing 24.3 million shares and authorized an additional $100 million for open market buybacks, significantly reducing the share count.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Yext trades on profitability and capital return: 25% EBITDA margin, $37M FCF, and $240M in total buybacks offsetting slight revenue softness."},"keyFigures":{"eps":0.02,"revenue":107917000,"guidance":"","revenueYoy":"-1.4%","customDimensions":{"arr":440800000,"fcf_margin":"34%","non_gaap_eps":0.15,"free_cash_flow":37001000,"adjusted_ebitda":26938000,"tender_offer_value":140000000,"adjusted_ebitda_margin":"25%","shares_repurchased_tender":24300000,"additional_buyback_authorization":100000000}},"quotedText":"Our sustained cash generation directly fuels our capacity to accelerate our roadmap, positioning Yext as the indispensable infrastructure layer for brands deploying AI agents.","namedEntities":{"people":[{"name":"Michael Walrath","role":"Chairman and CEO"}],"products":[],"companies":[{"name":"Yext, Inc.","ticker":"YEXT"}],"dollarAmounts":[{"amount":"$107.9 million","context":"Q1 FY27 Revenue"},{"amount":"$0.02","context":"GAAP Net Income Per Share, basic"},{"amount":"$0.15","context":"Non-GAAP Net Income Per Share"},{"amount":"$26.9 million","context":"Adjusted EBITDA"},{"amount":"$440.8 million","context":"Annual Recurring Revenue (ARR)"},{"amount":"$140 million","context":"Completed Tender Offer repurchase value"},{"amount":"$100 million","context":"Additional open market share repurchase authorization"},{"amount":"$37.0 million","context":"Free Cash Flow"}]},"materialImpact":{"score":4,"reasoning":"Strong profitability metrics with 25% Adjusted EBITDA margin and $37M free cash flow. The company completed a $140M tender offer (significant share reduction) and authorized an additional $100M buyback, signaling strong capital return and confidence in cash generation."},"tickerRelevance":{"others":[],"primary":"YEXT"},"globalImportance":45,"audienceRelevance":50,"eventTypeSecondary":["buyback"],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"earnings_with_capital_return","sectorWeight":"high","householdBrandBoost":"low","marketCapAdjustment":"neutral","retailFavoriteBoost":"low"}},"event_type":"earnings","event_type_secondary":["buyback"],"sentiment":"bullish","material_impact_score":4,"narrative":"Yext reported Q1 FY27 revenue of $107.9 million, a slight 1.4% decline year-over-year, but delivered robust profitability with $26.9 million in Adjusted EBITDA and a 25% margin.\n\nThe company generated $37.0 million in free cash flow (34% margin) and reported $440.8 million in Annual Recurring Revenue, highlighting the strength of its recurring business model.\n\nCapital return was a major theme: Yext completed a $140 million tender offer repurchasing 24.3 million shares and authorized an additional $100 million for open market buybacks, significantly reducing the share count.","key_figures":{"eps":0.02,"revenue":107917000,"guidance":"","revenueYoy":"-1.4%","customDimensions":{"arr":440800000,"fcf_margin":"34%","non_gaap_eps":0.15,"free_cash_flow":37001000,"adjusted_ebitda":26938000,"tender_offer_value":140000000,"adjusted_ebitda_margin":"25%","shares_repurchased_tender":24300000,"additional_buyback_authorization":100000000}},"named_entities":{"people":[{"name":"Michael Walrath","role":"Chairman and CEO"}],"products":[],"companies":[{"name":"Yext, Inc.","ticker":"YEXT"}],"dollarAmounts":[{"amount":"$107.9 million","context":"Q1 FY27 Revenue"},{"amount":"$0.02","context":"GAAP Net Income Per Share, basic"},{"amount":"$0.15","context":"Non-GAAP Net Income Per Share"},{"amount":"$26.9 million","context":"Adjusted EBITDA"},{"amount":"$440.8 million","context":"Annual Recurring Revenue (ARR)"},{"amount":"$140 million","context":"Completed Tender Offer repurchase value"},{"amount":"$100 million","context":"Additional open market share repurchase authorization"},{"amount":"$37.0 million","context":"Free Cash Flow"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-06-02T20:07:35.089Z","global_importance":45,"audience_relevance":50,"importance_components":{"tickerTier":"mid-cap","eventGravity":"earnings_with_capital_return","sectorWeight":"high","householdBrandBoost":"low","marketCapAdjustment":"neutral","retailFavoriteBoost":"low"}},"durationMs":85274,"modelName":"george-droid-qwen-72b"}}