YEXT — what changed in the latest 10-Q
A section-by-section comparison of YEXT's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-06-02 vs the prior 10-Q · 2025-12-08
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +20 | −46 | ~31 | 26 |
| Market risk (Item 3) | Text added/removed | +1 | −1 | ~2 | 10 |
| Controls & procedures | Text added/removed | +1 | −1 | ~2 | 10 |
| Legal proceedings | Text added/removed | +1 | −1 | ~2 | 10 |
| Risk factors | Text added/removed | +27 | −36 | ~40 | 254 |
| Other information | Text added/removed | +1 | −1 | ~2 | 10 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-06-02
Our fiscal year ends on January 31st. References to fiscal 2027, for example, are to the fiscal year ending January 31, 2027.
On February 10, 2026, we announced the commencement of an issuer self-tender offer (the "Tender Offer") to purchase for cash up to $180.0 million in value of shares of our common stock at a price of not less than $5.75 nor greater than $6.50 per share, to the seller in cash, less any applicable with…
ARR is independent of historical revenue, unearned revenue, remaining performance obligations or any other accounting principles generally accepted in the United States of America, ("GAAP"), financial measure over any period. It should be considered in addition to, not as a substitute for, nor super…
The cohorts of customers that we present ARR for include customers with ARR of less than $50,000, customers with ARR of $50,000 or more, and total customers. The cohort designation is based on the designation as of the 12 months prior to the end of the current period and does not reflect changes in …
Cost of revenue was $29.2 million for the three months ended April 30, 2026, compared to $27.1 million for the three months ended April 30, 2025, an increase of $2.1 million or 8%. The increase was primarily driven by a $1.1 million increase in data center costs. In addition, asset impairment charge…
Text removed vs the prior filing · source: 10-Q · 2025-12-08
In August 2024, we acquired Hearsay Social, Inc., a digital client engagement platform for financial services ("Hearsay"). See Note 4 "Business Combinations" to our condensed consolidated financial statements for additional information.
Our fiscal year ends on January 31st. References to fiscal 2026, for example, are to the fiscal year ending January 31, 2026.
On August 18, 2025, we announced that Michael Walrath, Yext's Chief Executive Officer and Chairman on the Board of Directors, has submitted a non-binding proposal to acquire all outstanding shares of Yext not already owned by him at a price of $9.00 per share in cash. Our Board of Directors has form…
On February 7, 2025, we completed an acquisition of KabanaSoft, LLC, doing business as Places Scout (“Places Scout”), for a purchase price of $20.3 million in cash, subject to customary adjustments as set forth in the Unit Purchase Agreement. The acquisition strengthens Yext’s ability to provide bes…
On May 15, 2025, we entered into a credit agreement with funds and accounts managed by BlackRock as lenders, and Acquiom Agency Services LLC, as Administrative Agent (the “May 2025 Credit Agreement”), which provides for term loan facilities in aggregate principal amounts of up to $200.0 million. In …
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-06-02
•our expectations regarding our capital allocation strategy;
Text removed vs the prior filing · source: 10-Q · 2025-12-08
•any statement regarding our consideration or the success of the proposal to acquire Yext by Michael Walrath or any alternative proposals, including the expected timetable for a Special Committee of our Board of Directors’ review, evaluation, negotiation and recommendation to our Board of Directors …
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-06-02
•our expectations regarding our capital allocation strategy;
Text removed vs the prior filing · source: 10-Q · 2025-12-08
•any statement regarding our consideration or the success of the proposal to acquire Yext by Michael Walrath or any alternative proposals, including the expected timetable for a Special Committee of our Board of Directors’ review, evaluation, negotiation and recommendation to our Board of Directors …
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2026-06-02
•our expectations regarding our capital allocation strategy;
Text removed vs the prior filing · source: 10-Q · 2025-12-08
•any statement regarding our consideration or the success of the proposal to acquire Yext by Michael Walrath or any alternative proposals, including the expected timetable for a Special Committee of our Board of Directors’ review, evaluation, negotiation and recommendation to our Board of Directors …
Risk factors
Text added vs the prior filing · source: 10-Q · 2026-06-02
•Our capital allocation strategy, including our recently completed self-tender offer, may not be effective at enhancing stockholder value, or providing other benefits we expect.
We experienced revenue growth rates of 6% from the fiscal year ended January 31, 2025 to the fiscal year ended January 31, 2026, 4% from the fiscal year ended January 31, 2024 to the fiscal year ended January 31, 2025, and 1% from the fiscal year ended January 31, 2023 to the fiscal year ended Janua…
You should not rely on our revenue for any prior quarterly or annual periods as an indication of our future revenue or revenue growth. We may continue to experience declines in growth rate as a result of a number of factors, including our ability to execute on our business strategy, our ability to c…
We have a history of losses and may not maintain profitability in the future.
While we generated net income of $2.6 million for the three months ended April 30, 2026, and $37.9 million for the fiscal year ended January 31 2026, we generated net losses of $27.9 million, and $2.6 million for the fiscal years ended January 31, 2025 and 2024, respectively. As of April 30, 2026, w…
Text removed vs the prior filing · source: 10-Q · 2025-12-08
•The announcement and pendency of the non-binding offer to acquire Yext may adversely affect our business, financial condition and results of operations.
The announcement and pendency of the non-binding offer to acquire Yext may adversely affect our business, financial condition and results of operations.
There is no assurance that Michael Walrath’s expression of interest will result in other bids or a definitive transaction. Uncertainty about the effect of the proposal or alternatives on our employees, customers, and other parties may have an adverse effect on our business, financial condition and r…
•the impairment of our ability to attract, retain, and motivate our employees, including key personnel;
•the diversion of significant management time and resources;
Other information
Text added vs the prior filing · source: 10-Q · 2026-06-02
•our expectations regarding our capital allocation strategy;
Text removed vs the prior filing · source: 10-Q · 2025-12-08
•any statement regarding our consideration or the success of the proposal to acquire Yext by Michael Walrath or any alternative proposals, including the expected timetable for a Special Committee of our Board of Directors’ review, evaluation, negotiation and recommendation to our Board of Directors …
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice