Yext announced its results for the third quarter of fiscal year 2026, reporting revenue of $112.0 million.
The company reported EPS, basic, of $0.05 or non-GAAP EPS of $0.14.
Adjusted EBITDA was $27.2 million, resulting in an Adjusted EBITDA margin of 24%.
Revenue Decrease
Revenue decreased by 2% compared to the same quarter in fiscal 2025.
Gross Profit Decline
Gross profit decreased by 6% with a gross margin of 73.9%.
Net Income Improvement
Net income improved to $6.1 million from a net loss of $12.8 million in the same quarter of fiscal 2025.
Operating Expenses Efficiency
Operating expenses decreased to 67% of revenue from 86% in the previous year's quarter.
Non-GAAP EPS Growth
Non-GAAP EPS increased to $0.14 from $0.12 in the same quarter of fiscal 2025.
- Yext's revenue saw a slight decrease, but the company managed to improve net income and reduce operating expenses, indicating efficiency in cost management.
- The growth in Non-GAAP EPS signifies improved profitability and financial performance despite the revenue dip.
Yext's financial results for the third quarter of fiscal 2026 demonstrate resilience and strategic decision-making in a challenging market environment. Despite revenue challenges, the company's focus on profitability and operational efficiency is evident.