Executive Summary
Yext Inc delivered QQ4 2025 results characterized by solid revenue topline growth and robust cash generation, but the quarter also reflected continuing profitability headwinds. Revenue reached 113.1 million USD, up 11.9% year-over-year, supported by a durable gross margin around 76%, while the company posted a net loss of 7.28 million USD and an operating loss of 9.09 million USD. Despite the near-term earnings compression, Yext generated 38.35 million USD of operating cash flow and 30.03 million USD of free cash flow, underscoring strong liquidity and incremental cash generation potential from its platform model. The balance sheet remains healthy with a net cash position (net debt of approximately -27.7 million USD) and substantial deferred revenue, which provides revenue visibility and optionality for future monetization.
Looking ahead, the company appears focused on leveraging its knowledge-network platform to drive ARR expansion and cross-sell opportunities, while pursuing operating efficiency to improve margins. However, management did not publish explicit forward guidance in the provided materials, so investors should monitor progress on cost discipline, scale of recurring revenue, and acceleration of profitability metrics in upcoming quarters. Relative valuation remains attractive on a price-to-sales basis given the current revenue base, but the market will assess improvement in profitability and cash conversion as essential catalysts for multiple expansion.
Key Performance Indicators
QoQ: 12.35% | YoY:-971.33%
QoQ: 43.16% | YoY:-531.24%
QoQ: 42.90% | YoY:-519.85%
Key Insights
Revenue: 113.091 million USD in QQ4 2025; YoY +11.85%, QoQ -0.79%
Gross Profit: 86.813 million USD; Gross Margin 76.76%; YoY +9.27%, QoQ -1.06%
Operating Income: -9.089 million USD; Operating Margin -8.04%; YoY -971.33%, QoQ +12.35%
Net Income: -7.275 million USD; Net Margin -6.43%; YoY -531.24%, QoQ +43.16%
EPS: -0.0571 USD; YoY -519.85%, QoQ +42.90%
EBITDA: -0.224 million USD; EBITDA Margin around -0.20%
Cash Flow: Operating cash flow 38.346 million USD; Free cash flow 30.030 million USD
Capex...
Financial Highlights
Revenue: 113.091 million USD in QQ4 2025; YoY +11.85%, QoQ -0.79%
Gross Profit: 86.813 million USD; Gross Margin 76.76%; YoY +9.27%, QoQ -1.06%
Operating Income: -9.089 million USD; Operating Margin -8.04%; YoY -971.33%, QoQ +12.35%
Net Income: -7.275 million USD; Net Margin -6.43%; YoY -531.24%, QoQ +43.16%
EPS: -0.0571 USD; YoY -519.85%, QoQ +42.90%
EBITDA: -0.224 million USD; EBITDA Margin around -0.20%
Cash Flow: Operating cash flow 38.346 million USD; Free cash flow 30.030 million USD
Capex: -0.316 million USD; Free cash flow yield and per-share metrics reflect modest capex intensity
Liquidity: Cash and cash equivalents 123.133 million USD; Total cash position including short-term investments 123.133 million USD; Net debt -27.72 million USD
Balance Sheet: Total assets 610.078 million USD; Total liabilities 456.885 million USD; Total stockholders’ equity 153.193 million USD
Working Capital: Deferred revenue 229.144 million USD; Current liabilities 344.714 million USD; Current assets 285.801 million USD
Valuation Metrics (USD): P/S 7.57; P/B 5.59; P/FCF 22.56; Net debt disclosure indicates a net cash position despite a negative enterprise value multiple signal in provided data
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
113.09M |
11.85% |
-0.79% |
| Gross Profit |
86.81M |
9.27% |
-1.06% |
| Operating Income |
-9.09M |
-971.33% |
12.35% |
| Net Income |
-7.28M |
-531.24% |
43.16% |
| EPS |
-0.06 |
-519.85% |
42.90% |
Key Financial Ratios
operatingProfitMargin
3.04%
operatingCashFlowPerShare
$0.3
freeCashFlowPerShare
$0.3
priceEarningsRatio
-29.42
Management Commentary
Earnings call transcript not provided in the data set. As a result, management commentary and quotes from the QQ4 2025 call are not available for extraction. Once the transcript is supplied, this section will group insights by themes (strategy, product/tech, market conditions, customer adoption, and execution) and link quotes to the corresponding financial outcomes.
Transcript not provided.
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Transcript not provided.
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Forward Guidance
No explicit forward guidance was disclosed in the provided materials. In absence of issued targets, the forward-looking assessment focuses on qualitative factors: potential operating leverage from scale, emphasis on monetizing the deferred revenue base, and continued R&D investments to advance platform capabilities. Key factors to monitor include: (1) ARR and dollar-based net retention trends as the platform scales, (2) trajectory of operating expenses versus revenue growth to drive improved margins, (3) cash conversion efficiency and working capital dynamics, and (4) progress in monetizing the knowledge network across additional geographies and verticals.