Yext, Inc. announced its results for the first quarter of fiscal year 2026, ended April 30, 2025, on June 3, 2025. The company reported revenue of $109.5 million, an increase of 14% year-over-year, which exceeded the high end of its guidance.
For the first quarter, Yext achieved GAAP net income of $0.8 million, or $0.01 per basic share, marking a return to profitability. Adjusted EBITDA reached a record $24.7 million, representing a 23% margin, also exceeding guidance.
Annual Recurring Revenue (ARR) grew to $446.5 million, with Direct ARR increasing 19% year-over-year to $371.9 million. The dollar-based net retention rate (NRR) for Total and Direct customers increased sequentially to 95%. The company also repurchased $27.7 million of its stock, or 4.5 million shares, in Q1, with $54.2 million remaining available for future purchases.
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