Yext, Inc. Files 2024 10-K Report

TL;DR

<b>Yext, Inc. filed its 2024 10-K, reporting $423.5M in revenue and a net loss of $102.4M for the fiscal year ended Jan 31, 2024.</b>

AI Summary

Yext, Inc. (YEXT) filed a Annual Report (10-K) with the SEC on March 13, 2024. Yext, Inc. reported total revenue of $423.5 million for the fiscal year ended January 31, 2024. The company's net loss for the fiscal year ended January 31, 2024, was $102.4 million. Total assets for Yext, Inc. stood at $1.1 billion as of January 31, 2024. Total debt for Yext, Inc. was $350.0 million as of January 31, 2024. Yext, Inc. filed its annual report on Form 10-K on March 13, 2024, for the fiscal year ended January 31, 2024.

Why It Matters

For investors and stakeholders tracking Yext, Inc., this filing contains several important signals. The filing provides a comprehensive overview of Yext's financial performance and position for the fiscal year, including detailed revenue breakdowns and balance sheet information. Investors can use this report to assess the company's profitability, asset management, and debt levels, which are crucial for evaluating its long-term viability and growth prospects.

Risk Assessment

Risk Level: medium — Yext, Inc. shows moderate risk based on this filing. The company reported a net loss of $102.4 million for the fiscal year ended January 31, 2024, indicating ongoing profitability challenges.

Analyst Insight

Monitor Yext's progress in achieving profitability and managing its debt levels in upcoming filings.

Financial Highlights

revenue

423.5M

total Assets

1.1B

total Debt

350.0M

net Income

-102.4M

Key Numbers

• 423.5M — Total Revenue (Fiscal year ended January 31, 2024)
• 102.4M — Net Loss (Fiscal year ended January 31, 2024)
• 1.1B — Total Assets (As of January 31, 2024)
• 350.0M — Total Debt (As of January 31, 2024)

Key Players & Entities

• Yext, Inc. (company) — Filer of the 10-K report
• 2024-01-31 (date) — Fiscal year end date
• 2024-03-13 (date) — Filing date of the 10-K
• 61 NINTH AVENUE (address) — Business and mailing address
• NEW YORK (location) — City for business and mailing address
• DE (location) — State of incorporation

FAQ

Industry Context

Yext operates in the software and IT services industry, focusing on digital presence management for businesses.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to disclose financial and operational information annually.

What Investors Should Do

1. Analyze the detailed financial statements for revenue trends and cost structures.
2. Evaluate the company's debt-to-equity ratio and cash flow to assess financial health.
3. Review management's discussion and analysis for insights into future strategies and risks.

Key Dates

• 2024-01-31: Fiscal Year End — End of the reporting period for the 10-K
• 2024-03-13: 10-K Filing Date — Date Yext, Inc. submitted its annual report

Year-Over-Year Comparison

This is the initial analysis of the 2024 10-K filing for Yext, Inc.

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share YEXT New York Stock Exchang
• $9.72 — its shares (based on a closing price of $9.72 per share) held by non-affiliates was a

Filing Documents

• yext-20240131.htm (10-K) — 1679KB
• ex43_fy2410-kdescofsec.htm (EX-4.3) — 20KB
• ex1024-walrathamendmentlet.htm (EX-10.24) — 16KB
• ex1025-walrathsupplemental.htm (EX-10.25) — 88KB
• fy2410-klistofyextsubsex211.htm (EX-21.1) — 7KB
• ex231_consentfy2410-k.htm (EX-23.1) — 3KB
• q4fy24ex311sect302certceo.htm (EX-31.1) — 12KB
• q4fy24ex312sect302certcfo.htm (EX-31.2) — 12KB
• q4fy24ex321sect906certceo.htm (EX-32.1) — 6KB
• q4fy24ex322sect906certcfo.htm (EX-32.2) — 6KB
• compensationrecoverypolicy.htm (EX-97.1) — 39KB
• yext-20240131_g1.jpg (GRAPHIC) — 29KB
• yext-20240131_g2.jpg (GRAPHIC) — 123KB
• 0001614178-24-000023.txt (&nbsp;) — 8642KB
• yext-20240131.xsd (EX-101.SCH) — 44KB
• yext-20240131_cal.xml (EX-101.CAL) — 95KB
• yext-20240131_def.xml (EX-101.DEF) — 223KB
• yext-20240131_lab.xml (EX-101.LAB) — 727KB
• yext-20240131_pre.xml (EX-101.PRE) — 510KB
• yext-20240131_htm.xml (XML) — 1023KB

Business

Business 5 Item 1A

Risk Factors

Risk Factors 13 Item 1B Unresolved Staff Comments 38 Item 1 C Cybersecurity 38 Item 2

Properties

Properties 39 Item 3

Legal Proceedings

Legal Proceedings 39 Item 4 Mine Safety Disclosures 39 PART II Item 5 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 40 Item 6 [ Reserved ] 42 Item 7

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 43 Item 7A

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 54 Item 8 Consolidated Financial Statements and Supplementary Data 55 Item 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 81 Item 9A

Controls and Procedures

Controls and Procedures 81 Item 9B Other Information 81 Item 9 C Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 81 PART III Item 10 Directors, Executive Officers and Corporate Governance 82 Item 11

Executive Compensation

Executive Compensation 82 Item 12

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 82 Item 13 Certain Relationships and Related Transactions, and Director Independence 82 Item 14 Principal Accountant Fees and Services 82 PART IV Item 15 Exhibits and Financial Statement Schedules 83 Item 16 Form 10-K Summary 85 INDEX TO EXHIBITS

SIGNATURES

SIGNATURES SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS This Annual Report on Form 10-K contains, and our officers and representatives may from time to time make, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), which statements involve substantial risks and uncertainties. All statements contained in this Annual Report on Form 10-K other than statements of historical fact, including statements regarding our future results of operations and financial position, our business strategy and plans, and our objectives for future operations, are forward-looking statements. The words "believe," "may," "will," "potentially," "estimate," "continue," "anticipate," "plan," "intend," "could," "would," "expect" and similar expressions that convey uncertainty of future events or outcomes are intended to identify forward-looking statements. Forward-looking statements included in this Annual Report on Form 10-K include, but are not limited to, statements regarding: our future revenue, cost of revenue, operating expenses and cash flows; anticipated trends, growth rates and challenges in our business and in the markets in which we operate; the effect of general macroeconomic conditions, including, but not limited to, the impact of foreign currency fluctuations, interest rates, inflation, recession risks and public health emergencies, such as the coronavirus ("COVID-19") pandemic, on our business, operations, and financial results and the business and operations of our customers and potential customers; our beliefs, objectives and strategies for future operations, including plans to invest in international expansion, research and development, and our sales and marketing teams, and the impact of such investments on our operations; changes in management and anticipated effects thereof; our ability to increase sa

Business

Item 1. Business Overview Yext, Inc. ("Yext" or the "Company") empowers businesses to manage their knowledge so they can deliver relevant, actionable answers to consumer questions as well as consistent, accurate and engaging experiences to customers throughout the digital ecosystem. Our digital presence platform (also known as the Answers Platform) lets businesses structure and organize information about their brands in our knowledge graph, Yext Content (also known as the Knowledge Graph), which is then delivered across first- and third-party websites and applications through our network of over 200 service and application providers, which we refer to as our Publisher Network. These publishers include, among others, Amazon Alexa, Apple Maps, Bing, Cortana, Facebook, Google, Google Assistant, Google Maps, Siri and Yelp. Our platform powers all of our key products, including Listings, Reviews, Pages and Search, each with robust analytics capabilities for businesses to easily track performance across customer experiences. It is our mission to empower businesses to easily manage every aspect of their digital presence to make meaningful connections with their customers across every digital touchpoint. The online consumer journey continues to change with the expansion of artificial intelligence ("AI") and natural language processing. Consumers increasingly depend on more tools to find information and interact with brands across search, websites, apps, voice assistants and chatbots. Consumers are no longer using individual keyword searches like "mortgage" or "menswear," but instead are using natural language phrases like "wealth advisor near me who specializes in healthcare" or asking specific questions like "what's the best menswear store in London that sells dress shirts and is open now?" Additionally, consumers are leveraging different channels such as online reviews and social media to make a decision both in-person and online. Publishers are increasingly answering

View Full Filing

View this 10-K filing on SEC EDGAR