Forensic Analysis · Technology / Software · as of Jun 28, 2026
Yext, Inc. (YEXT)
A forensic read on Yext, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Distress
Financial health
-2.4
Altman Z-score
Clean
Earnings quality
4
Forensic signals
11.2
P / E (ttm)
32.3%
ROE
$445M
Market cap
Yext, Inc. earns a C (Mixed — selective) forensic quality grade, and its Altman Z-score is -2.4, placing it in the Distress zone. 4 forensic signals were flagged in its latest SEC filings, led by accruals ratio.
What the filings flag
+109.8%Accruals ratio. Net operating assets grew +109.8% relative to their average in FY2026 — the accrual component of earnings. Accruals are building sharply — a large slice of profit sits in operating assets, not cash; Richardson/Sloan link high accruals to weaker future returns as they reverse. The cash-flow cross-check agrees: reported earnings ran behind operating cash by -27% of net operating assets.
+1.2%/yrShare-count dilution. Diluted share count changed +4% over the last 3 years to FY2026 (+1.2%/yr). The count is GROWING — existing holders are being diluted. That's ~1.2% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2023 has been diluted ~4%.
11% of revStock-based comp load. Stock-based compensation ran 11% of revenue and 91% of free cash flow in FY2026 — about $0.37 per diluted share. Heavy — a large slice of 'free cash flow' is really being paid out in stock, so the true owner cash per share is well below the headline.
127% of FCFShareholder returns. Returned $67M to shareholders (buybacks + dividends) in FY2026 — 127% of free cash flow. More than free cash flow generated — and beyond operating cash too, so the extra is coming from debt or cash reserves, which isn't sustainable indefinitely.
Key fundamentals
Net Margin8.5%
Debt / Equity0.61x
Free Cash Flow$53.3M
Latest Revenue$446.6M
Return on Equity23.8%
Revenue Growth YoY+6.1%
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The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on Yext, Inc.:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about YEXT's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown
🔒Peer comparison + filing-change monitoring & alerts
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Data from SEC EDGAR public filings · metrics as of Jun 28, 2026. Forensic signals flag probability, not certainty.