Yext

SaaS / digital presenceUSA
πŸ“‰ Public < $1B
PeakΒ $2.38 BillionToday
~-83%
from peak
  1. πŸ¦„
    Became a unicorn
    2017
  2. πŸ“ˆ
    Peak valuation
    $2.38 Billion ’18
  3. πŸ’”
    Became a Unitard
    2025
  4. πŸ’Έ
    Last valuation
    ~$405M
Current status
Public (NYSE: YEXT); market cap ~$0.4B (2026), down ~83% from its 2018 peak; fell below $1B in 2025-26.

How it happened

Yext sells software that helps businesses manage their digital presence β€” keeping information accurate across search engines, maps and voice assistants. It went public in 2017 and peaked around $2.4B in 2018, then growth steadily decelerated as listings management matured and AI-driven search reshaped the landscape; the stock drifted lower for years before falling below $1B in 2025-26, ending near $0.4B. Glassdoor reviews from the long slide describe how it felt inside: small layoff rounds every few months, handled quietly and badged as restructurings β€” at times shortly after leadership had signaled none were planned β€” a strategy employees saw pinballing between listings and search, and wholesale senior-leadership turnover after the founder-CEO's exit.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor β†—. See our methodology.

Source: Macrotrends / companiesmarketcap / stockanalysis (April 2017 IPO ~$1.5B, ATH $27.19 Aug 2018 ~$2.38B market cap; ~$1.0B Oct 2025 -> ~$0.4B June 2026)

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Same fate Β· market decline
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