Revenue growth has stagnated into negative territory at -1.4% in 2027Q1, though the company has improved profitability with a 5.2% operating margin in the same period.
| Sales/Revenue | 445.01M | 446.58M | 420.96M | 404.32M | 400.85M | 390.58M | 354.66M | 298.83M | 228.28M | 170.2M | 124.26M | 89.72M | 60M |
| Revenue Growth % | 2.43% | 6.09% | 4.11% | 0.87% | 2.63% | 10.13% | 18.68% | 30.9% | 34.13% | 36.97% | 38.49% | 49.54% | - |
| Cost of Goods Sold | 116.16M | 114.07M | 96.36M | 87.47M | 103.96M | 98.3M | 86.4M | 77.03M | 57.41M | 44.09M | 36.95M | 31.03M | 24.83M |
| COGS % of Revenue | - | 25.54% | 22.89% | 21.63% | 25.93% | 25.17% | 24.36% | 25.78% | 25.15% | 25.91% | 29.74% | 34.59% | 41.39% |
| Gross Profit | 328.86M | 332.51M | 324.59M | 316.85M | 296.89M | 292.28M | 268.26M | 221.8M | 170.87M | 126.11M | 87.31M | 58.69M | 35.17M |
| Gross Margin % | 73.9% | 74.46% | 77.11% | 78.37% | 74.07% | 74.83% | 75.64% | 74.22% | 74.85% | 74.09% | 70.26% | 65.41% | 58.61% |
| Gross Profit Growth % | - | 2.44% | 2.44% | 6.72% | 1.58% | 8.95% | 20.95% | 29.81% | 35.5% | 44.43% | 48.76% | 66.88% | - |
| Operating Expenses | 279.96M | 287.96M | 357.04M | 323.06M | 361.72M | 382.24M | 362.59M | 344.75M | 246.51M | 192.75M | 130.01M | 84.83M | 52.52M |
| OpEx % of Revenue | - | 64.48% | 84.82% | 79.9% | 90.24% | 97.86% | 102.24% | 115.37% | 107.99% | 113.25% | 104.63% | 94.54% | 87.53% |
| Selling, General & Admin | 190.51M | 198.09M | 279.84M | 251.01M | 290.81M | 313.89M | 304.44M | 295.31M | 210.42M | 167.06M | 110.69M | 68.63M | 40.58M |
| SG&A % of Revenue | - | 44.36% | 66.48% | 62.08% | 72.55% | 80.36% | 85.84% | 98.82% | 92.17% | 98.15% | 89.08% | 76.49% | 67.62% |
| Research & Development | 89.46M | 89.87M | 77.2M | 72.04M | 70.9M | 68.35M | 58.15M | 49.45M | 36.1M | 25.69M | 19.32M | 16.2M | 11.95M |
| R&D % of Revenue | - | 20.13% | 18.34% | 17.82% | 17.69% | 17.5% | 16.39% | 16.55% | 15.81% | 15.09% | 15.54% | 18.06% | 19.91% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | -125K | -1.5M | -181K | -1.28M | -527K | -539K | -382K | -412K | 78K |
| Operating Income | 49.01M | 44.55M | -32.45M | -6.2M | -64.83M | -89.96M | -94.33M | -122.95M | -75.64M | -66.64M | -42.7M | -26.14M | -17.35M |
| Operating Margin % | 11.01% | 9.98% | -7.71% | -1.53% | -16.17% | -23.03% | -26.6% | -41.14% | -33.14% | -39.15% | -34.36% | -29.13% | -28.92% |
| Operating Income Growth % | - | 237.29% | -423.27% | 90.43% | 27.94% | 4.64% | 23.28% | -62.54% | -13.51% | -56.07% | -63.36% | -50.64% | - |
| EBITDA | 76.83M | 80.95M | -5.19M | 18.41M | -38.45M | -63.88M | -71.52M | -80.66M | -68.83M | -61.52M | -38.62M | -23.03M | -16.16M |
| EBITDA Margin % | 17.26% | 18.13% | -1.23% | 4.55% | -9.59% | -16.36% | -20.16% | -26.99% | -30.15% | -36.14% | -31.08% | -25.67% | -26.93% |
| EBITDA Growth % | 1308.88% | 1660.43% | -128.18% | 147.88% | 39.82% | 10.68% | 11.34% | -17.18% | -11.89% | -59.3% | -67.67% | -42.54% | - |
| D&A (Non-Cash Add-back) | 27.24M | 36.41M | 27.26M | 24.61M | 26.38M | 26.08M | 22.82M | 42.29M | 6.81M | 5.12M | 4.08M | 3.11M | 1.19M |
| EBIT | 52.47M | 47.7M | -27.09M | 132K | -63.27M | -91.44M | -93.98M | -120.14M | -74.47M | -66.04M | -42.93M | -26.14M | -17.35M |
| Net Interest Income | -6.07M | -3.72M | 5.13M | 6.62M | 1.09M | -522K | -82K | 3.79M | 1.57M | 776K | -116K | 6K | 0 |
| Interest Income | 3.97M | 3.86M | 6.1M | 7.09M | 1.68M | 22K | 532K | 4.1M | 1.71M | 1.13M | 34K | 6K | 0 |
| Interest Expense | 10.03M | 7.58M | 967K | 470K | 589K | 544K | 614K | 308K | 143K | 359K | 150K | 0 | 0 |
| Other Income/Expense | -6.58M | -4.42M | 4.39M | 5.86M | 970K | -2.02M | -263K | 2.51M | 1.03M | 237K | -382K | -412K | 78K |
| Pretax Income | 42.43M | 40.13M | -28.06M | -338K | -63.86M | -91.98M | -94.59M | -120.45M | -74.61M | -66.4M | -43.08M | -26.55M | -17.27M |
| Pretax Margin % | 9.53% | 8.99% | -6.67% | -0.08% | -15.93% | -23.55% | -26.67% | -40.31% | -32.69% | -39.01% | -34.67% | -29.59% | -28.79% |
| Income Tax | 2.71M | 2.25M | -110K | 2.29M | 2.08M | 1.28M | 97K | 1.1M | 222K | 162K | 68K | -55K | 0 |
| Effective Tax Rate % | 6.38% | 5.62% | 0.39% | -678.11% | -3.26% | -1.39% | -0.1% | -0.91% | -0.3% | -0.24% | -0.16% | 0.21% | 0% |
| Net Income | 39.73M | 37.87M | -27.95M | -2.63M | -65.94M | -93.26M | -94.69M | -121.54M | -74.84M | -66.56M | -43.15M | -26.5M | -17.27M |
| Net Margin % | 8.93% | 8.48% | -6.64% | -0.65% | -16.45% | -23.88% | -26.7% | -40.67% | -32.78% | -39.11% | -34.73% | -29.53% | -28.79% |
| Net Income Growth % | 270.05% | 235.51% | -962.66% | 96.01% | 29.3% | 1.51% | 22.09% | -62.41% | -12.43% | -54.26% | -62.86% | -53.39% | - |
| Net Income (Continuing) | 39.73M | 37.87M | -27.95M | -2.63M | -65.94M | -93.26M | -94.69M | -121.54M | -74.84M | -66.56M | -43.15M | -26.5M | -17.27M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.35 | 0.07 | -0.22 | -0.02 | -0.53 | -0.73 | -0.79 | -1.09 | -0.76 | -0.85 | -0.50 | -0.35 | -0.23 |
| EPS Growth % | 141.46% | 132.45% | -937.74% | 96% | 27.4% | 7.59% | 27.52% | -43.42% | 10.59% | -70% | -42.86% | -52.17% | - |
| EPS (Basic) | - | 0.31 | -0.22 | -0.02 | -0.53 | -0.73 | -0.79 | -1.09 | -0.76 | -0.85 | -0.50 | -0.35 | -0.23 |
| Diluted Shares Outstanding | 112.96M | 129.91M | 126.85M | 124.06M | 125.25M | 127.81M | 119.69M | 111.76M | 98.39M | 78.63M | 85.49M | 74.66M | 74.66M |
| Basic Shares Outstanding | 111.73M | 123.56M | 126.85M | 124.06M | 125.25M | 127.81M | 119.69M | 111.76M | 98.39M | 78.63M | 85.49M | 74.66M | 74.66M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - |
Generative AI Search Disruption
As indicated by recent quarterly filings, Yext's revenue growth has decelerated into negative territory, with the most recent period showing a 1.4% year-over-year decline, highlighting the company's ongoing struggle to transition its core listings-based model toward higher-value AI-driven search and data management solutions.
The consistent revenue contraction suggests that the company's legacy listings product is reaching market saturation, while newer modules have yet to achieve the scale necessary to offset churn. Investors should monitor whether the current stagnation reflects a fundamental loss of competitive relevance or merely a temporary lag during a difficult sales force transition.
Based on reported financial statements, Yext has successfully achieved positive operating margins of 9.98% in the trailing twelve months, marking a significant departure from previous periods of heavy losses as the firm aggressively curtailed its SG&A expenses to align with a more disciplined operational framework.
The sharp reduction in SG&A, which fell from $75.4 million in 2025Q4 to $51.7 million in 2027Q1, demonstrates a clear pivot toward profitability over top-line growth. This suggests that management is prioritizing bottom-line stability, though the sustainability of these margins remains contingent on maintaining current customer acquisition costs without sacrificing market share.
According to the provided income statement data, Yext continues to issue significant stock-based compensation, with quarterly figures consistently exceeding $10 million, which warrants further investigation into the quality of reported net income and the actual cash-generating potential of the business for common shareholders.
While the company has reached positive net income, the persistent reliance on equity-based incentives suggests that GAAP profitability may overstate the underlying economic performance. Analysts should adjust for these non-cash charges to determine if the business can sustain its current margin profile without ongoing dilution of existing equity holders.
As reported in recent industry analysis, the emergence of generative AI search platforms poses a material threat to Yext's core value proposition, potentially devaluing the company's proprietary Knowledge Network by bypassing the traditional landing pages that Yext's enterprise clients rely on for consumer discovery.
The risk is that search engines may increasingly provide direct answers, rendering the centralized location data management service less critical for businesses. If this trend accelerates, the company may face significant pricing pressure, as its utility as a 'source of truth' for physical locations becomes less essential in an AI-mediated search environment.
Quick answers to the most common questions about buying YEXT stock.
For fiscal year 2026, Yext, Inc. (YEXT) reported total revenue of $446.6M. This represents a 644.3% increase compared to $60.0M in 2015.
Yext, Inc. (YEXT) is profitable, generating $37.9M in net income for the fiscal year ending 2026 with a net profit margin of 8.5%.
Yext, Inc. (YEXT) reported an operating income of $44.5M, resulting in an operating profit margin of 10.0%. This margin reflects the operational efficiency of the business before interest and taxes.
Yext, Inc. (YEXT) generated $332.5M in gross profit for the year, representing a gross profit margin of 74.5%. This demonstrates the company's core pricing power and production efficiency.