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Yext
🇺🇸 NYSE:YEXT
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Apr 30, 2024

Yext Q1 2025 Earnings Report

Yext's first quarter of fiscal 2025 results were within the guided ranges, with revenue of $96 million, Adjusted EBITDA of $9.6 million, and non-GAAP EPS of $0.05.

Key Takeaways

Yext's Q1 2025 results showed revenue of $96 million, Adjusted EBITDA of $9.6 million, and non-GAAP EPS of $0.05. The company generated nearly $40 million in cash flow from operations and announced its intention to acquire Hearsay Systems.

Revenue was $96 million, a 3% decrease compared to the first quarter of fiscal 2024.

Adjusted EBITDA was $9.6 million, compared to $14.4 million in the first quarter of fiscal 2024.

Non-GAAP EPS was $0.05, compared to $0.09 in the first quarter of fiscal 2024.

The company announced the intention to acquire Hearsay Systems to expand its market opportunity.

Total Revenue
$96M
Previous year: $99.5M
-3.5%
EPS
$0.05
Previous year: $0.08
-37.5%
Gross Profit
$74.4M
Previous year: $78.1M
-4.7%
Cash and Equivalents
$246M
Previous year: $217M
+13.5%
Free Cash Flow
$38.3M
Total Assets
$482M

Yext

Yext

Forward Guidance

Yext provided guidance for Q2 2025 and full year fiscal 2025, not factoring in any financial assumptions regarding the integration of Hearsay Systems.

Positive Outlook

  • Second Quarter Fiscal 2025 Revenue is projected to be in the range of $98.0 to $98.4 million.
  • Second Quarter Fiscal 2025 Adjusted EBITDA is projected to be in the range of $8.0 million to $8.5 million, including severance costs related to restructuring actions.
  • Second Quarter Fiscal 2025 Non-GAAP net income per share is projected to be in the range of $0.02 to $0.03.
  • Full Year Fiscal 2025 Revenue is projected to be in the range of $394.0 million to $396.0 million.
  • Full Year Fiscal 2025 Adjusted EBITDA is projected to be in the range of $65.0 million to $67.0 million, including severance costs related to restructuring actions.

Challenges Ahead

  • The expectations do not factor in any financial assumptions regarding the integration of Hearsay Systems.
  • Guidance includes severance costs related to the restructuring actions that took place in the second quarter.
  • Revenue for the first quarter of fiscal 2025 decreased by 3% compared to the previous year.
  • Adjusted EBITDA for the first quarter of fiscal 2025 decreased compared to the previous year.
  • The company slowed the pace of Sales hiring in Q1 due to a challenging environment.

Company Overview

Full financial data and analysis

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