Despite generating $37.0 million in free cash flow in 2027Q1, the company utilized $146.8 million for share repurchases, which appears aggressive given the underlying revenue contraction.
| Cash from Operations | 55.55M | 55.85M | 50.21M | 46.16M | 17.85M | 21.85M | 1.2M | -30.77M | 5.24M | -31.91M | -7.74M | -10.53M | -14.23M |
| Operating CF Margin % | - | 12.51% | 11.93% | 11.42% | 4.45% | 5.59% | 0.34% | -10.3% | 2.3% | -18.75% | -6.23% | -11.73% | -23.71% |
| Operating CF Growth % | 129.7% | 11.22% | 8.78% | 158.54% | -18.29% | 1714.7% | 103.91% | -687.18% | 116.42% | -312.1% | 26.43% | 26.02% | - |
| Net Income | 39.73M | 37.87M | -27.95M | -2.63M | -65.94M | -93.26M | -94.69M | -121.54M | -74.84M | -66.56M | -43.15M | -26.5M | -17.27M |
| Depreciation & Amortization | 35.7M | 36.41M | 27.26M | 24.61M | 26.38M | 26.08M | 22.82M | 19.19M | 6.81M | 5.12M | 4.08M | 3.11M | 1.19M |
| Stock-Based Compensation | 46.09M | 48.71M | 51.78M | 44.96M | 63.08M | 73.48M | 72.29M | 67.77M | 44.23M | 22.36M | 9.85M | 4.51M | 2.9M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 2.55M | 1.25M | -43K | -129K | 31K | -1.06M | 0 |
| Other Non-Cash Items | -13.47M | -16.26M | 4.57M | 1.43M | 1.38M | 1.83M | -489K | 120K | 452K | 1.26M | 1.01M | 969K | 57K |
| Working Capital Changes | -52.49M | -50.88M | -5.45M | -22.21M | -7.05M | 13.71M | -1.27M | 2.45M | 28.62M | 6.04M | 20.43M | 8.45M | -1.11M |
| Change in Receivables | -100.83M | -8.31M | -1.12M | 518K | -10.06M | -6.11M | -17.99M | -26.98M | -11.6M | -17.04M | -4.12M | -12.14M | -4.95M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 3.56M | -2.84M | -6M | -4.3M | -2.06M | -148K | -1.05M |
| Change in Payables | -20.4M | -4.87M | 17.04M | -10.18M | 2.71M | -494K | -1.98M | 8.27M | 17.33M | 350K | 6.04M | 8.27M | 1.05M |
| Cash from Investing | -2.42M | -21.36M | -91.49M | -2.73M | -6.19M | -13.42M | -65.11M | 39.31M | 28.13M | -88.12M | -3.8M | -10.01M | -7.84M |
| Capital Expenditures | -2.42M | -2.56M | -2.08M | -2.73M | -6.19M | -13.42M | -65.11M | -11.89M | -5.27M | -3.67M | -3.8M | -9.86M | -1.92M |
| CapEx % of Revenue | 0.54% | 0.57% | 0.5% | 0.67% | 1.54% | 3.44% | 18.36% | 3.98% | 2.31% | 2.16% | 3.06% | 10.98% | 3.2% |
| Acquisitions | 0 | -18.8M | -89.41M | 0 | 0 | 0 | 0 | 0 | 5.27M | 3.67M | 0 | -150K | -5.91M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 51.2M | -5.27M | -3.67M | -298K | -96K | 0 |
| Cash from Financing | -80.57M | -9.52M | -28.54M | -23.25M | -79.02M | 24.62M | 22.55M | 168.37M | 24.38M | 129.6M | 5.97M | 1.65M | 50.36M |
| Debt Issued (Net) | 148.5M | 99M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5M | 5M | 0 | 0 |
| Equity Issued (Net) | -184.58M | -65.28M | -17.91M | -23.09M | -76.54M | 24.88M | 0 | 147M | 0 | 123.53M | 0 | 1.2M | 50.08M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -186.61M | -67.43M | -17.91M | -23.09M | -77.25M | 0 | 0 | 0 | 0 | 0 | 0 | -28.28M | 0 |
| Other Financing | -44.49M | -43.25M | -10.63M | -168K | -2.48M | -263K | 22.55M | 21.37M | 24.38M | 11.08M | 968K | 449K | 279K |
| Net Change in Cash | -26.59M | 30.52M | -71.53M | 19.97M | -71M | 30.8M | -37.77M | 176.42M | 57.39M | 9.95M | -5.61M | -18.92M | 28.27M |
| Free Cash Flow | 53.13M | 53.29M | 48.13M | 43.43M | 11.66M | 8.43M | -63.91M | -42.66M | -30K | -35.58M | -11.55M | -20.38M | -16.15M |
| FCF Margin % | 11.94% | 11.93% | 11.43% | 10.74% | 2.91% | 2.16% | -18.02% | -14.27% | -0.01% | -20.91% | -9.29% | -22.71% | -26.91% |
| FCF Growth % | 11.55% | 10.73% | 10.82% | 272.46% | 38.3% | 113.19% | -49.82% | -142090% | 99.92% | -208.18% | 43.35% | -26.21% | - |
| FCF per Share | 0.47 | 0.41 | 0.38 | 0.35 | 0.09 | 0.07 | -0.53 | -0.38 | -0.00 | -0.45 | -0.14 | -0.27 | -0.22 |
| FCF Conversion (FCF/Net Income) | 1.34x | 1.47x | -1.80x | -17.55x | -0.27x | -0.23x | -0.01x | 0.25x | -0.07x | 0.48x | 0.18x | 0.40x | 0.82x |
| Interest Paid | 0 | 0 | 9K | 0 | 41K | 75K | 54K | 41K | 7K | 74K | 3K | 0 | 0 |
| Taxes Paid | 0 | 0 | 3.18M | 2.72M | 1.05M | 1.32M | 1.41M | 531K | 19K | 994K | 19K | 0 | 0 |
Generative AI Search Disruption
According to quarterly cash flow statements, Yext exhibits significant volatility in the relationship between net income and operating cash flow, with OCF/NI ratios fluctuating wildly from -10.04 to 48.99, suggesting that reported net income is frequently decoupled from the actual cash-generating capacity of the underlying business operations.
The extreme variance in the OCF/NI ratio indicates that non-cash items and working capital swings are the primary drivers of reported earnings rather than core operational cash generation. Investors should monitor whether this volatility persists as the company attempts to stabilize its transition toward AI-driven search products.
As reported in recent financial filings, Yext's free cash flow trajectory remains inconsistent, swinging from a peak of $38.0 million in 2025Q4 to a deficit of $20.3 million in 2026Q3, which highlights the inherent difficulty in maintaining steady cash generation during the company's ongoing strategic pivot.
The erratic FCF margins suggest that the business model is susceptible to timing differences in enterprise contract renewals and publisher fee structures. This inconsistency warrants further investigation into whether the company can achieve a sustainable, positive FCF floor as it moves away from its legacy listings-only revenue model.
Based on the provided cash flow data, working capital changes have been a major source of quarterly cash flow variance, with a notable $47.9 million outflow in 2026Q3 followed by significant fluctuations, indicating that the company's cash position is highly sensitive to the timing of client collections.
The reliance on working capital movements to bridge the gap between net income and operating cash flow suggests that Yext's liquidity is heavily dependent on efficient receivables management. Any degradation in collection cycles could quickly pressure the company's cash position given the current lack of consistent organic cash generation.
As disclosed in recent SEC filings, Yext has utilized significant capital for share repurchases, including a $146.8 million outlay in 2027Q1, which appears aggressive relative to the company's decelerating revenue growth and the ongoing need to fund the transition toward higher-value AI-driven search and data management solutions.
The decision to prioritize large-scale share repurchases over potential reinvestment in product innovation or debt reduction may signal management's attempt to support the stock price. Investors should consider whether this capital allocation strategy is sustainable if the core business continues to face headwinds from generative AI search disruption.
Quick answers to the most common questions about buying YEXT stock.
Yext, Inc. (YEXT) generated $55.8M in net cash from operating activities in 2026. This reflects the cash generated directly from core business operations.
Yext, Inc. (YEXT) generated $53.3M in free cash flow in 2026. Free cash flow is the cash left over after capital expenditures, which can be used to pay dividends, repurchase shares, or pay down debt.
Yext, Inc. (YEXT) spent $2.6M on capital expenditures in 2026. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2026, Yext, Inc. (YEXT) spent $67.4M on share repurchases. This shows the company's commitment to returning capital to its equity investors.