Yext (YEXT) Financials

Here is a concise, investor-focused snapshot of Yext (NYSE: YEXT) using the last four years of quarterly statements provided. The takeaway is that revenue has held steady around the low hundreds of millions, but profitability and cash flow have been volatile, with ongoing financing activity helping to support liquidity. Below are the most material points, organized with positives first, then neutral items, then negatives.

• Stable top-line in the roughly $100M–$115M range per quarter: Across 2024–2026, operating revenue tends to sit around the high $100Ms, with recent quarters in the $110M–$114M band, indicating a durable revenue base.
• Gross margin broadly healthy: Gross profit margins are commonly in the mid-to-high 70% range, suggesting effective cost of revenue management relative to net sales across multiple periods.
• Occasional profitable quarters: Net income from continuing operations is positive in several quarters (e.g., Q2 2026: +$26.8M; Q1 2026: +$0.8M; Q3 2026: +$6.1M), signaling potential for profitability when cost structure and revenue mix align.
• Operating cash flow shows meaningful positives in some quarters: Notable positive cash flow from continuing operations in Q4 2025 and Q2 2026, demonstrating the business can generate cash from core activities at times.
• Liquidity cushion from cash on hand: Cash and cash equivalents have ranged roughly from the low hundreds of millions in earlier periods to over $140M in more recent quarters, providing liquidity runway to fund operations and strategy.
• Moderate debt load with ample liquidity cushion: Long-term debt sits around $98M in recent periods, with sizable cash balances, giving the company headroom to manage maturity and financing needs without imminent distress.
• Asset base expanding over time: Total assets have grown to roughly $550M–$600M in the latest periods, reflecting expansion of the balance sheet (including cash, intangibles, and goodwill assets).
• Equity base remains sizable: Total equity for the company sits in the high $100Ms to low $200Ms range in recent quarters, indicating a solid equity cushion alongside liabilities.
• Intangible assets and goodwill encompass a meaningful IP/brand base: Intangible assets and goodwill are substantial components of noncurrent assets, highlighting the value embedded in the brand and technology portfolio.
• Financing activity provides liquidity, but dilution risk exists: Periodic issuance of common equity and other financing activities have supplied cash, which is helpful for liquidity but implies ongoing dilution considerations for shareholders.

• Operating cash flow remains volatile quarter to quarter: Several quarters show negative net cash from operating activities, while others turn positive, indicating variability in working capital and operating performance that may affect near-term liquidity planning.
• Net income is highly cyclical and often negative: While some quarters are profitable, a number of periods show net losses, reflecting ongoing earnings volatility and the challenge of turning revenue into sustained earnings on a quarterly basis.

• Persistent quarterly losses and negative net income in several periods: For multiple quarters (e.g., Q3 2025, Q4 2025, and several other periods), net income attributable to common shareholders was negative, signaling ongoing profitability challenges.
• Financing activities can be a large cash outflow: Net cash from financing activities is negative in several quarters, indicating reliance on financing movements (repurchases, debt/tie-ins, equity issuances) to manage liquidity, which may not be sustainable long term. In some quarters it is strongly negative, increasing funding volatility.