Yext(YEXT)2025-03-05 21:09Financial Performance - Q4 fiscal 2025 revenue reached 7.3 million or 421.0 million, with a GAAP net loss of 0.22 per basic share, and Adjusted EBITDA of 113.1 million, a 12% increase compared to 421.0 million, a 4% increase from 113.1 million, a 11.7% increase from 107.3 million and 24.6 million in Q4, with an Adjusted EBITDA margin of 22%[4]. - Non-GAAP net income for fiscal 2025 was 42.3 million in fiscal 2024[39]. - Adjusted EBITDA for the fiscal year ended January 31, 2025, was 54.6 million in 2024, indicating improved operational efficiency[83]. - Non-GAAP EPS for fiscal 2026 is projected to be in the range of 0.53, assuming 129.9 million weighted-average basic shares outstanding[46]. - Non-GAAP operating margin improved to 19% in Q1 2025, compared to 12% in Q1 2024[89]. Cash Flow and Liquidity - Cash and cash equivalents were 210.2 million a year earlier, primarily due to the acquisition of Hearsay[41]. - Free cash flow for Q1 2025 was 27,612,000 in Q1 2024, marking a growth of 37%[100]. - Cash, cash equivalents, and restricted cash at the end of the period were 210.2 million at the beginning of the period[81]. - Cash and cash equivalents decreased to 210,184,000, a decline of approximately 41% year-over-year[75]. Annual Recurring Revenue (ARR) - Total ARR as of January 31, 2025, was 368.2 million, impacted by a 442.7 million as of January 31, 2025, a 13% year-over-year increase[39]. - Total Annual Recurring Revenue (ARR) increased to 392,182,000 in January 2024[103]. - The dollar-based net retention rate for total customers increased to 93% as of January 31, 2025, up from 92% in the previous quarter[106]. Operational Efficiency - The integration of Hearsay Systems is nearing completion, leading to cost reductions and improved operational efficiency[8]. - Total operating expenses for the three months ended January 31, 2025, were 78.4 million in the same period of 2024[78]. - Research and development expenses for the fiscal year ended January 31, 2025, were 72.0 million in 2024, reflecting continued investment in innovation[87]. Product Development and Market Strategy - The launch of Yext Scout is expected to drive accelerated organic growth, with strong customer engagement noted during previews[7]. - Yext Social has gained traction with 19 direct customers and 30 reseller customers licensing the product since its launch in September[9]. - Yext has shifted towards usage-based pricing in its Reseller partnerships, which is expected to drive overall growth in this channel[110]. - The acquisition of Places Scout is being integrated into Yext's offerings, merging AI visibility with traditional search capabilities[114]. - Yext's platform aims to help businesses manage their digital presence across diverse channels amid the challenges of search fragmentation[111]. Future Outlook - The company plans to achieve full year Adjusted EBITDA between 103 million for fiscal year 2026[27]. - The company will no longer provide full year revenue guidance but will continue to offer guidance for quarterly revenue and profitability metrics[26]. - The company anticipates growth in ARR for fiscal year 2026, influenced by the adoption rate of new products and macroeconomic conditions[107]. - The company expects a sequential decrease in revenue in Q1 FY26 due to three fewer calendar days compared to Q4 FY25[108].