Yext Inc ( (YEXT) ) has released its Q1 earnings. Here is a breakdown of the information Yext Inc presented to its investors.
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Yext Inc., a leader in digital presence solutions for multi-location brands, leverages AI and machine learning to enhance customer engagement across various digital platforms.
In its first quarter of fiscal 2026, Yext reported a revenue of $109.5 million, marking a 14% increase from the previous year, primarily due to the integration of Hearsay Systems. The company also achieved a net income per share of $0.01 and a non-GAAP earnings per share of $0.13, alongside an adjusted EBITDA of $24.7 million, reflecting a robust margin of 23%.
Key financial highlights include an annual recurring revenue (ARR) of $446.5 million, with a notable 19% growth in direct customer ARR. Yext raised its full-year adjusted EBITDA guidance to a range of $103 million to $105 million, indicating confidence in its strategic initiatives. The company also reported a dollar-based net retention rate of 95% for total customers, showcasing strong customer retention and expansion capabilities.
Looking ahead, Yext’s management remains focused on disciplined execution and long-term growth investments, positioning the company to navigate the evolving search and discovery landscape effectively.