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NEW YORK - Yext, Inc. (NYSE:YEXT), the brand visibility platform, reported second quarter fiscal 2026 results that exceeded analyst expectations, with revenue reaching $113.1 million compared to the consensus estimate of $111.22 million. The company posted adjusted earnings per share of $0.13, slightly above the $0.12 analyst estimate.
YEXT shares were up 2% in after hours trading Monday.
Revenue increased 16% YoY from $97.9 million in the same quarter last year, primarily driven by the integration of Hearsay Systems. On a constant currency basis, revenue grew 14% YoY. The company achieved an Adjusted EBITDA of $26.4 million, resulting in a 23.3% margin.
On August 18, 2025, Michael Walrath, Yext’s Chief Executive Officer, submitted a non-binding proposal to acquire all outstanding shares of Yext not already owned by him at $9.00 per share in cash.
The company reported GAAP net income of $26.8 million, or $0.22 per basic share, compared to a net loss of $4.1 million in the second quarter of fiscal 2025. Non-GAAP net income was $16.3 million, or $0.13 per basic share.
Annual Recurring Revenue (ARR) reached $444.4 million, up 15% YoY, with direct customers representing 83% of total ARR at $369.5 million. The dollar-based net retention rate for total customers was 95%.
Cash, cash equivalents, and restricted cash stood at $209.5 million as of July 31, 2025. Year-to-date share repurchases totaled $45.2 million, with approximately $36.7 million remaining available for future purchases.
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