D

Yext, Inc. — Earnings Quality Grade D

YEXT · Technology

Significant concerns

Revenue
$447M
2026
Net Income
$38M
2026
Gross Margin
74.5%
Free Cash Flow
$53M
01

Screening Summary

13
Passed
2
Watch
2
Failed
-2.56
M-Score

Management Signals

No recent CEO, CFO, board, or accounting leadership signals found in SEC 8-K filings.
02

Financial Trends

Revenue & Net Income ($B)

Margins (%)

03

18-Point Screening

01

Revenue Quality

A1DSO Change

DSO 99 days, change +1 days YoY

A2AR vs Revenue Growth

AR outpaced revenue for 2 consecutive years

A3Revenue vs CFFO

Revenue 6.1%, CFFO 11.2%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

No material inventory

!
B2CapEx vs Revenue

CapEx growth 22.6% is >2x revenue growth 6.1%

B3SG&A Ratio

SG&A/Gross Profit = 59.6%. Normal

B4Gross Margin

Gross margin 74.5%, change -2.7pp. Stable

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 1.47. Profits backed by cash

C2Free Cash Flow

FCF $0.1B, FCF/NI = 1.41

C3Accruals Ratio

Accruals ratio = -2.9%. Low accruals

!
C4Cash vs Debt

Cash $0.2B covers 86% of debt $0.2B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $0.2B = 123% of equity. Over 50%

D2Leverage

Debt/EBITDA = 2.1x. Healthy

D3Soft Asset Growth

Other assets 9.5% vs revenue 6.1%. Normal

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

E2Goodwill Surge

Goodwill+Intangibles change 3% YoY. Normal

06

Manipulation Score

F1Beneish M-Score

M-Score = -2.56 (< -2.22). Unlikely manipulator

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04

Beneish M-Score

Manipulation Probability-2.56
-4.0 Clean-2.22 Grey-1.78 Danger0
1.007
DSRI
AR growing faster than revenue?
1.036
GMI
Gross margin declining?
1.008
AQI
Asset quality deteriorating?
1.061
SGI
Revenue growth rate
0.654
DEPI
Depreciation slowing?
0.667
SGAI
SG&A ratio changing?
-0.0289
TATA
Accruals level
1.124
LVGI
Leverage increasing?
05

Altman Z-Score

-2.41
Distress Zone
0 Distress1.102.605.0+ Safe
0.0338
Liquidity
-1.0764
Cumulative profit
0.0767
Operating efficiency
0.3448
Leverage

Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25