---
schema_version: "secwatch.filing_event.v1"
accession: "0001614178-24-000055"
form_type: "8-K"
ticker: "YEXT"
cik: "0001614178"
company_name: "Yext, Inc."
filed_at: "2024-06-10T23:59:59+00:00"
generated_at: "2026-06-01T05:18:21.844357+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Yext acquires Hearsay Systems for $125M cash; Q1 revenue $96M, guides FY25 EBITDA $65-67M

## Summary
- Acquires Hearsay Systems for $125M cash, plus up to $75M earnout based on ARR milestones over two years.
- Q1 FY25 revenue $96M, non-GAAP EPS $0.05, Adjusted EBITDA $9.6M; all within guidance.
- Restructuring reduces ~12% of workforce; expects ~$5M in Q2 costs; FY25 Adjusted EBITDA guidance raised to $65-67M.
- Promotes Yvette Martinez-Rea to COO; focus on efficiency and customer success reorganization.
- Organic ARR growth expected mid-single digits by FY25 end, accelerating to high-single digits in H1 FY26.

## SEC filing metadata
- accession: 0001614178-24-000055
- form_type: 8-K
- ticker: YEXT
- cik: 0001614178
- company_name: Yext, Inc.
- filed_at: 2024-06-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1614178/000161417824000055/0001614178-24-000055-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1614178/000161417824000055/yext-20240610.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001614178-24-000055
- JSON: https://secwatch.observer/filing/0001614178-24-000055.json
- Plain text: https://secwatch.observer/filing/0001614178-24-000055.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.