NYSE$YEXT

Yext Inc · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Yext demonstrated solid profitability with GAAP net income and Adjusted EBITDA up from the same quarter of the prior year.

Yext's Q4 revenue exceeded guidance, driven by strong reseller billings and one-time services, despite a 1% decrease year-over-year. The company achieved its first-ever quarterly GAAP net income and saw a significant increase in Adjusted EBITDA.

  • Q4 revenue exceeded guidance, primarily due to higher than anticipated billings from Resellers and one-time Services.
  • Delivered solid profitability, with GAAP net income of $1.7 million.
  • Adjusted EBITDA of $14.8 million for the quarter, up 36% from the same quarter of the prior year.
  • The company saw significantly greater lead volume year-over-year, which resulted in higher pipeline creation.

Headline financials

Total Revenue

$101M

Previous: $102M-0.8%
EPS (adj)

$0.10

Previous: $0.05+100.0%
Adjusted EBITDA

$14.8M

Previous: $10.9M+36.2%
Capital Expenditures

-$408K

Previous: $793K-151.5%
Net Income

$1.7M

Previous: -$7.8M+121.8%
Operating Income

$1.04M

Previous: -$7.67M+113.6%
Gross Profit

$79.4M

Previous: $75.4M+5.4%
R&D Expense

$18.1M

No prior period
Stock-Based Comp

$10.6M

Previous: $14.1M-24.6%

Revenue & EPS history

Yext · Revenue · Quarterly

$101M

Q4 2024-0.8%vs Q4 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

Yext anticipates revenue between $96.0 to $96.5 million and Adjusted EBITDA between $9.5 million to $10.0 million for the first quarter of fiscal year 2025. For the full fiscal year 2025, revenue is projected to be in the range of $400.0 million to $402.0 million and Adjusted EBITDA is projected to be in the range of $60.0 million to $62.0 million.

Tailwinds

  • Driving more value through our core products.
  • Achieving best-in-class customer satisfaction.
  • Capitalizing on our robust pipeline.
  • Growing effective sales capacity through continued productivity gains.
  • Continue to serve our new and existing customers well, we believe they will grow with us over time.

Headwinds

  • Our outlook factors in the impact of the large customer churn, which we calculate to be approximately $10.8 million in ARR.
  • Our outlook also includes our assumptions for the continuing effects of a challenging macroeconomic environment.
  • We cannot predict or control the macro-economic impact of ongoing uncertainty, and we observe our customers continue to take a cautious stance on new investments and are carefully examining each investment.
  • Our outlook for fiscal 2025 assumes a similar market environment to what we saw last year at this time.
  • Conditions aren't worsening.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-0.9%

Avg return

Earnings day

-1.7%

Avg return

5 days after

-4.4%

Avg return

30 days after

36%

13 / 36 earnings

Positive

+44.0%

Q1 2024

Best reaction

-27.9%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026-2.7%-7.3%-39.0%
Q3 2026-4.6%-5.8%-8.0%
Q2 2026-1.5%-1.7%-4.2%
Q1 2026+31.6%+28.3%+21.1%
Q4 2025-4.1%-6.1%-10.2%
Q3 2025-17.0%-23.6%-23.3%
Q2 2025+15.6%+32.6%+39.7%
Q1 2025-2.3%-2.3%-4.5%
Q4 2024+12.2%+3.3%+2.8%
Q3 2024-21.4%-19.3%-21.6%
Q2 2024-27.9%-26.1%-31.3%
Q1 2024+44.0%+40.4%+10.8%
Q4 2023+9.6%-0.5%-3.0%
Q3 2023+20.9%+15.6%+24.1%
Q2 2023+8.4%+12.5%+10.8%
Q1 2023+6.6%+4.3%-4.5%
Q4 2022-10.5%-1.5%+7.5%
Q3 2022+11.9%+16.2%+8.4%
Q2 2022-6.0%-8.0%-12.9%
Q1 2022+15.5%+9.2%+16.3%
Q4 2021-17.8%-22.1%-16.4%
Q3 2021-16.2%-15.0%-16.0%
Q2 2021-16.0%-17.0%-20.1%
Q1 2021-7.5%-11.5%-1.7%
Q4 2020+1.5%-4.4%-39.7%
Q3 2020-13.8%-17.1%-13.8%
Q2 2020-10.7%-6.9%-10.3%
Q1 2020-5.9%-5.4%+2.9%
Q4 2019+14.0%+17.2%+10.4%
Q3 2019-18.6%-15.4%-18.1%
Q2 2019-7.1%-5.8%-11.4%
Q1 2019+12.2%+14.0%+27.7%
Q4 2018-3.8%-6.2%-4.7%
Q3 2018-3.9%-9.5%-14.3%
Q2 2018-3.7%-4.0%-1.7%
Q1 2018-11.6%-12.3%-9.6%
Q4 2017
Q3 2016
Q2 2016
Q1 2016
Q4 2015

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