Yext, Inc. Files Q1 2025 10-Q

TL;DR

Yext's Q1 2025 10-Q is in, showing financial updates for April 30, 2024.

AI Summary

Yext, Inc. filed its 10-Q for the period ending April 30, 2024. The company reported its financial performance and position, with key figures related to its common stock, additional paid-in capital, accumulated other comprehensive income, and retained earnings as of January 31, 2024, and April 30, 2024. The filing also includes data for the first quarter of fiscal year 2025.

Why It Matters

This filing provides investors with an update on Yext's financial health and operational performance for the first quarter of fiscal year 2025, impacting investment decisions.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.

Key Numbers

• 20240430 — Reporting Period End Date (Indicates the end of the financial quarter being reported.)
• 20240131 — Previous Fiscal Year End Date (Provides a comparative point for financial analysis.)

Key Players & Entities

• Yext, Inc. (company) — Filer of the 10-Q
• 20240430 (date) — End of reporting period
• 20240131 (date) — Previous fiscal year end
• 2024-02-01 (date) — Start of reporting period
• 2024-04-30 (date) — End of reporting period

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share YEXT New York Stock Exchange

Filing Documents

• yext-20240430.htm (10-Q) — 1068KB
• q1fy25ex311sect302certceo.htm (EX-31.1) — 12KB
• q1fy25ex312sect302certcfo.htm (EX-31.2) — 12KB
• q1fy25ex321sect906certceo.htm (EX-32.1) — 6KB
• q1fy25ex322sect906certcfo.htm (EX-32.2) — 6KB
• yext-20240430_g1.jpg (GRAPHIC) — 29KB
• 0001614178-24-000056.txt ( ) — 5164KB
• yext-20240430.xsd (EX-101.SCH) — 31KB
• yext-20240430_cal.xml (EX-101.CAL) — 59KB
• yext-20240430_def.xml (EX-101.DEF) — 143KB
• yext-20240430_lab.xml (EX-101.LAB) — 518KB
• yext-20240430_pre.xml (EX-101.PRE) — 341KB
• yext-20240430_htm.xml (XML) — 523KB

Financial Statements

Financial Statements 6 Condensed Consolidated Balance Sheets ( U naudited) 6 Condensed Consolidated Statements of Operations and Comprehensive Loss ( U naudited) 7 Condensed Consolidated Statements of Stockholders' Equity ( U naudited) 8 Condensed Consolidated Statements of Cash Flows ( U naudited) 9 Notes to Condensed Consolidated Financial Statements 10 Item 2

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 18 Item 3

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 28 Item 4

Controls and Procedures

Controls and Procedures 29 PART II. OTHER INFORMATION Item 1

Legal Proceedings

Legal Proceedings 30 Item 1A

Risk Factors

Risk Factors 30 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 56 Item 3 Defaults Upon Senior Securities 56 Item 4 Mine Safety Disclosures 56 Item 5 Other Information 56 Item 6 Exhibits 56

SIGNATURES

SIGNATURES SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS This Quarterly Report on Form 10-Q 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 Quarterly Report on Form 10-Q 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 Quarterly Report on Form 10-Q 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; effects of prospe

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements YEXT, INC. Condensed Consolidated Balance Sheets (In thousands, except share and per share data) (Unaudited) April 30, 2024 January 31, 2024 Assets Current assets: Cash and cash equivalents $ 246,114 $ 210,184 Accounts receivable, net of allowances of $ 870 and $ 1,013 , respectively 53,552 108,198 Prepaid expenses and other current assets 15,462 14,849 Costs to obtain revenue contracts, current 24,446 26,680 Total current assets 339,574 359,911 Property and equipment, net 46,203 48,542 Operating lease right-of-use assets 73,896 75,989 Costs to obtain revenue contracts, non-current 14,534 16,710 Goodwill 4,450 4,478 Intangible assets, net 162 168 Other long term assets 2,911 3,012 Total assets $ 481,730 $ 508,810 Liabilities and stockholders' equity Current liabilities: Accounts payable, accrued expenses and other current liabilities $ 33,080 $ 38,766 Unearned revenue, current 185,220 212,210 Operating lease liabilities, current 17,215 16,798 Total current liabilities 235,515 267,774 Operating lease liabilities, non-current 86,305 89,562 Other long term liabilities 4,236 4,300 Total liabilities 326,056 361,636 Commitments and contingencies (Note 11) Stockholders' equity: Preferred stock, $ 0.001 par value per share; 50,000,000 shares authorized at April 30, 2024 and January 31, 2024; zero shares issued and outstanding at April 30, 2024 and January 31, 2024 — — Common stock, $ 0.001 par value per share; 500,000,000 shares authorized at April 30, 2024 and January 31, 2024; 149,459,329 and 148,197,347 shares issued at April 30, 2024 and January 31, 2024, respectively; 126,129,075 and 124,867,093 shares outstanding at April 30, 2024 and January 31, 2024, respectively 149 148 Additional paid-in capital 955,363 942,622 Accumulated other comprehensive loss ( 4,608 ) ( 4,183 ) Accumulated deficit ( 682,989 ) ( 679,172 ) Treasury stock, at cost ( 112,241 ) ( 112,241 ) Total sto

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View this 10-Q filing on SEC EDGAR