Yext, Inc.

htm EX-99.1 Document EXHIBIT 99.1 Yext Announces First Quarter Fiscal 2027 Results Revenue of $107.9 million Net Income Per Share, basic, of $0.02 or non-GAAP Net Income Per Share of $0.15 Adjusted EBITDA of $26.9 million, resulting in an Adjusted EBITDA margin of 25% ARR of $440.8 million Repurchased 24.3 million shares for $140 million through its completed Tender Offer Separate open market share repurchase program authorization increased by $100 million NEW YORK -- (BUSINESS WIRE) June 2, 2026 Yext, Inc.

SEC original ↗Yext, Inc. — Earnings release (8-K exhibit)EX-99Jun 2, 2026

We also present free cash flow, which is a non-GAAP measure defined as net cash provided by (used in) operating activities, less cash used for purchases of capital expenditures, inclusive of capitalized software development costs.

SEC original ↗Yext, Inc. — Earnings release (8-K exhibit)EX-99Jun 2, 2026

First, total shares outstanding are down 24% from where they were at the beginning of FY23 and during this period, our aggregate repurchases were 53.3 million shares, representing 239% of all shares issued.

SEC original ↗Yext, Inc. — Earnings release (8-K exhibit)EX-99Jun 2, 2026

To keep total outstanding shares from accreting, we can either reduce SBC or use operating cash flow to repurchase shares, or do both in combination.

SEC original ↗Yext, Inc. — Earnings release (8-K exhibit)EX-99Jun 2, 2026

Operating cash flow that does not net out the cost of those repurchases overstates the cash genuinely available to shareholders.

SEC original ↗Yext, Inc. — Earnings release (8-K exhibit)EX-99Jun 2, 2026

Our focus on generating cash and repurchasing shares to reduce dilution does not mean we are de-emphasizing growth.

SEC original ↗Yext, Inc. — Earnings release (8-K exhibit)EX-99Jun 2, 2026

Our sustained cash generation directly fuels our capacity to accelerate our roadmap, positioning Yext as the indispensable infrastructure layer for brands deploying AI agents.

SEC original ↗Yext, Inc. — Earnings release (8-K exhibit)EX-99Jun 2, 2026

Statement Regarding Forward-Looking Statements This release and the related shareholder letter includes forward-looking statements including, without limitation, statements regarding Yext's expectations, beliefs, intentions, or strategies regarding the future, Yext's expectations regarding its capital allocation strategy, including Yext's recently completed self-tender offer and the effects thereof, Yext's expected financial performance, and statements regarding expectations regarding the growth of the company, Yext's market opportunity, product roadmap, cost saving and efficiency actions, and Yext's industry, including search fragmentation and AI trends.

SEC original ↗Yext, Inc. — Earnings release (8-K exhibit)EX-99Jun 2, 2026

These non-GAAP financial measures are not calculated in accordance with GAAP as they have been adjusted to exclude the effects of stock-based compensation expense, acquisition-related costs, amortization of acquired intangibles, asset impairments, strategic transaction costs, and payroll tax contingencies.

SEC original ↗Yext, Inc. — Earnings release (8-K exhibit)EX-99Jun 2, 2026

Strategic transaction costs relate to third-party costs incurred in connection with Michael Walrath s, Yext s Chief Executive Officer and Chairman on the Board of Directors, non-binding proposal to acquire all outstanding shares.

SEC original ↗Yext, Inc. — Earnings release (8-K exhibit)EX-99Jun 2, 2026

With respect to non-GAAP net income (loss) as a percentage of revenue, we believe this non-GAAP financial measure is useful in evaluating our profitability relative to the amount of revenue generated, excluding the impact of stock-based compensation expense, acquisition-related costs, amortization of acquired intangibles, asset impairments, strategic acquisition costs, and payroll tax contingencies.

SEC original ↗Yext, Inc. — Earnings release (8-K exhibit)EX-99Jun 2, 2026

These statements are based upon current beliefs and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements.

SEC original ↗Yext, Inc. — Earnings release (8-K exhibit)EX-99Jun 2, 2026

New risks and uncertainties emerge from time to time, and it is not possible for Yext to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this release.

SEC original ↗Yext, Inc. — Earnings release (8-K exhibit)EX-99Jun 2, 2026

We have redirected go-to-market resources toward the larger, more durable customers for whom Yext creates the most value, and we accepted that the mix shift would challenge overall top-line growth in the short term.

SEC original ↗Yext, Inc. — Earnings release (8-K exhibit)EX-99Jun 2, 2026

While these platforms are great at helping brands uncover their AI visibility challenges, they do not offer localized intelligence, and they are not natively connected to the agentic action layer that allows a brand to take action on the insights they surface.

SEC original ↗Yext, Inc. — Earnings release (8-K exhibit)EX-99Jun 2, 2026

The words believe, may, will, potentially, estimate, continue, anticipate, plan, intend, can, should, could, would, expect, possible, and similar expressions that convey uncertainty of future events or outcomes are intended to identify forward-looking statements.

SEC original ↗Yext, Inc. — 10-Q Quarterly report10-QSep 1, 2026

Forward-looking statements included in this Quarterly Report on Form 10-Q include, but are not limited to, statements regarding: our expectations regarding our capital allocation strategy; our future revenue, cost of revenue, operating expenses and cash flows; anticipated trends, growth rates and challenges in our business and in the markets in which we operate; the effect of general macroeconomic conditions, including, but not limited to, the impact of foreign currency fluctuations, interest rates, inflation, recession risks and geopolitical events and shifts, including substantial changes in U.

SEC original ↗Yext, Inc. — 10-Q Quarterly report10-QSep 1, 2026