Yext reports first profit, launches $140M tender offer, adds AI partners Gemini & OpenAI

Filed March 10, 2026 · Period ending January 31, 2026 · Compared to 10-K Mar 13, 2025 · ~2 min read

Key Changes

• high

  Net income of $50.0 million in FY2026 vs. $27.9M loss prior year, driven by $40M (23%) cut in sales/marketing spend and $41.7M (40%) reduction in G&A. Operating income swung from $32.4M loss to $44.5M gain.

  MD&A: Financial Results verify on EDGAR →
• high

  Launched $140M tender offer at $5.75-$6.50/share (reduced from $180M) funded by new $150M BlackRock debt facility. Long-term debt will rise from $98M to $147.5M. CEO's prior $9/share going-private proposal withdrawn Feb 2026.

  MD&A: Capital Allocation verify on EDGAR →
• high

  Organic revenue declined 2% in FY2026 (6% reported growth driven by Hearsay acquisition). Customers <$50K ARR fell 14% while ≥$50K grew 2%. Gross retention improved to 88% from 86%, but small-customer retention remains weak at 75%.

  MD&A: ARR Metrics verify on EDGAR →