Yext, Inc. (YEXT) Form 8-K — Sep 1, 2026
Yext reported second-quarter fiscal 2027 revenue of $111.1 million, down 2% year over year from $113.1 million, with GAAP net income of $13.1 million ($0.13 per share) and non-GAAP net income of $21.2 million ($0.21 per share, up from $0.13 a year ago). Adjusted EBITDA rose 29% year over year to $34.0 million, a 31% margin that is roughly 730 basis points higher than a year ago and ahead of management's plan to build toward 30%. ARR from customers paying $50,000 or more grew 2% year over year to $405.9 million with 98% net retention, accelerating from about 1% growth in Q1, while total ARR slipped 1% to $440.8 million on deliberate SMB runoff.
Key figures
- Eps
- 0.13
- Revenue
- 111103000
- Guidance
- Management reiterated FY27 plan: GAAP net income margins of 10-15% in each remaining quarter, Adjusted EBITDA margin building toward 30% (already at 31%), continued enterprise cohort growth momentum into Q3, a meaningful step-up in TTM free cash flow beginning Q3 as ~$20M of Hearsay retention payments are lapped, and a target of at least $1 annualized free cash flow per share over the medium term.
- Net Income
- 13149000
- Total Debt
- 147704000
- Revenue Yoy
- -2%
- Cash Position
- 86828000
- Shares Outstanding
- 99283687
- Arr
- $440.8M, down 1% YoY
- Rpo
- $488.4M, of which $439.6M expected within 24 months
- Net Debt
- $60.9M, ~0.5x TTM Adjusted EBITDA
- Q2 Buyback
- 1.8M shares at $4.78 average ($8.7M); $106.2M remaining authorization
- Non Gapi Eps
- $0.21 vs $0.13 prior-year quarter
- Gross Margin
- 75.5% GAAP vs 75.2% prior year
- Smb Arr Sub50k
- $34.9M, down 22% YoY
- Adjusted Ebitda
- $34.0M, up 29% YoY from $26.4M
- Q2 Free Cash Flow
- $7.7M vs $37.0M in Q1 (seasonal)
- Ttm Free Cash Flow
- $53.0M
- Net Retention Rate
- 96% total; 98% for $50K+ cohort (up from 96%); 79% for sub-$50K cohort
- H1 Asset Impairment
- $4.7M
- Spring Tender Offer
- 24.3M shares at $5.75 per share for $140.0M
- Gross Retention Rate
- 88% total; 90% for $50K+ cohort; 69% for sub-$50K cohort
- Adjusted Ebitda Margin
- 31% (30.6% precise), up ~730 bps from 23%
- Enterprise Arr50k Plus
- $405.9M, up 2% YoY (92% of total ARR)
- Unearned Revenue Current
- $179.6M
- Weighted Basic Share Count
- Down 19% YoY to 100.1M
Price after filing
Close on the filing date to close N calendar days later (from $6.91). Historical, not a forecast.
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