Company / Stock (250)3-Year Statement
Golden Door Asset's Financial Engine connects audited SEC 10-K/10-Q income statements, balance sheets, and cash flow statements to a deterministic 5-year unlevered DCF valuation, Reverse-DCF implied growth solver, ASC 350-40 software capitalization bridge, and 1-year lagged R&D capital efficiency benchmark across 215 public software companies (167 ranked in the R&D Return universe).
Discounting 5-year unlevered FCF at 10.0% WACC and 2.5% terminal growth ($206.1M PV of FCF + $505.9M PV of Terminal Value)
| DCF Cash Flow Line | TTM | Y1 | Y2 | Y3 | Y4 | Y5 |
|---|---|---|---|---|---|---|
| Projected Revenue | $421.0M | $439.4M | $458.6M | $478.7M | $499.7M | $521.6M |
| Operating EBIT | -$32.5M | -$33.9M | -$35.4M | -$36.9M | -$38.5M | -$40.2M |
| Unlevered Free Cash Flow (FCF) | $48.1M (11%) | $50.2M (11%) | $52.4M (11%) | $54.7M (11%) | $57.1M (11%) | $59.6M (11%) |
| Discounted PV of FCF (@ 10.0% WACC) | $43.7M | $41.5M | $39.4M | $37.4M | $35.5M | $33.7M |
| WACC \ Term g | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% |
|---|---|---|---|---|---|
| 8.0% | $7.13 | $7.59 | $8.13 | $8.77 | $9.56 |
| 9.0% | $6.20 | $6.52 | $6.90 | $7.34 | $7.86 |
| 10.0% | $5.48 | $5.73 | $6.00 | $6.32 | $6.68 |
| 11.0% | $4.92 | $5.11 | $5.32 | $5.55 | $5.82 |
| 12.0% | $4.47 | $4.61 | $4.77 | $4.95 | $5.16 |
Synchronized directly with the 3-Year Operating Statement (77.1% Gross Margin · 4.4% Growth · 12.3% SBC/Rev)
| Income Statement Line | FY23ASEC 10-K | FY24ASEC 10-K | FY25ASEC 10-K | Year 1 (2026)Forecast | Year 2 (2027)Forecast | Year 3 (2028)Forecast |
|---|---|---|---|---|---|---|
| Revenue | $400.9M | $404.3M | $421.0M | $421.0M | $439.4M | $458.6M |
| YoY Revenue Growth (%) | 2.6% | 0.9% | 4.1% | 4.4% | 4.4% | 4.4% |
| Cost of Revenue (COGS) | ($104.0M) | ($87.5M) | ($96.4M) | ($96.4M) | ($98.4M) | ($100.4M) |
| Gross Profit & Margin | $296.9M (74.1%) | $316.9M (78.4%) | $324.6M (77.1%) | $324.6M (77.1%) | $341.0M (77.6%) | $358.2M (78.1%) |
| Research & Development (R&D) | — | — | — | $77.2M | $77.4M | $77.4M |
| Sales & Marketing (S&M) | — | — | — | $181.9M | $182.3M | $182.3M |
| General & Administrative (G&A) | — | — | — | $97.9M | $98.1M | $98.2M |
| Operating EBIT | -$64.8M (-16.2%) | -$6.2M (-1.5%) | -$32.4M (-7.7%) | -$32.4M (-7.7%) | -$16.8M (-3.8%) | $355K (0.1%) |
| Adjusted EBITDA | — | — | — | -$19.0M (-4.5%) | -$2.7M (-0.6%) | $15.0M (3.3%) |
Yext, Inc. (YEXT) earns a "Pass" rating and an institutional Quality Score of 66/100 (Grade B+). On $421.0M in baseline revenue (4.4% growth, 77.1% gross margin, 11.4% FCF margin), our 5-year DCF yields an Enterprise Value of $712.0M ($6.00/share vs. $8.00 market price). On the R&D Return Benchmark, YEXT ranks #146 of 167 (Burners · Grade C, 0.10× return).
Gross Margin & Unit Economics: Yext, Inc. operates at a 77.1% gross margin on $421.0M revenue (+12.8 pts above the Software - Infrastructure median of 64.3%).
R&D Productivity (Burners · Grade C): Investing 20.1% of revenue in R&D ($89.9M) generates $0.10 of incremental gross profit per R&D dollar (Rank #146 of 167).
Rule of 40 & Cash Conversion: Combining 4.4% top-line growth with 11.4% FCF margin yields a 15.8% Rule of 40 score (vs. 46.3% cohort median) and $712.0M DCF Enterprise Value.
Measures incremental gross profit generated per prior-year R&D dollar across 167 scored software companies
x = R&D % of revenue (FY) · y = new gross profit per R&D dollar (FY)
YEXT: Burner, C
Hover or tap a dot to inspect peer R&D intensity and return
Intensity = R&D ÷ revenue from the same period. The grade uses TTM when that period end is fresh; otherwise the latest fiscal year if that end is fresh; otherwise the name is ungraded. Bands describe spend level, not quality.
As of 2026-10-22.
Active Medians: 7.9% Growth · 64.3% Gross Margin · 18.0% Unlevered FCF · 16.8% GAAP FCF · 46.3% Rule of 40 · 5.8× EV/Rev
| Company | Actions | |||||||
|---|---|---|---|---|---|---|---|---|
YEXTYext, Inc.Subject | $421.0M | 4.4% | 77.1% | 11.4% | -0.9% | 15.8% | 2.3× | Active |
Block, Inc. | $25.04B | 8.2% | 46.4% | 15.5% | 10.7% | 23.7% | 1.6× | |
VeriSign, Inc. | $1.73B | 5.7% | 88.6% | 59.1% | 54.7% | 64.8% | 15.8× | |
CORPAY, INC. | $3.97B | 7.7% | 78.1% | 44.4% | 41.5% | 52.1% | 7.2× | |
Joint Stock Co Kaspi.kz | $2.52T | 40.5% | 62.3% | 19.3% | 19.3% | 59.8% | 4.4× | |
SailPoint, Inc. | $1.17B | 23.8% | 66.2% | 16.7% | -3.7% | 40.5% | 9.1× | |
AMDOCS LTD | $4.53B | -3.7% | 36.6% | 14.2% | 14.2% | 10.5% | 2.1× | |
| Peer Set Median (6 Peers) | $4.25B | 7.9% | 64.3% | 18.0% | 16.8% | 46.3% | 5.8× | =MEDIAN() |
Structural sensitivities monitored in the 3-Statement Financial Engine
Apply any lever below to write its operating assumptions directly into the 3-Statement Model
Automate cloud hosting & support workflows to lift gross margin from 77.1% to 82.1%.
Align R&D intensity and ASC 350-40 capitalization to the R&D Compounders cohort median, recapturing $8.4M in annual EBITDA.
Lift net dollar retention and expansion velocity by +300 bps, compounding Year 3 revenue to $485.4M.
Solid software model with clear operating leverage, partially offset by standard SBC or moderate burn.
Positive FCF but lower conversion efficiency due to capex or timing
Standard software SBC dilution; modest equity transfer to employees
Solid gross margins with potential for operating leverage at scale
Positive net cash cushion; self-funding operations with zero insolvency risk
The current share price demands 11.6% 5-year CAGR (30.6% net of SBC & dilution)—a +7.2% acceleration over historical run-rate (4.4%). Any growth slowdown risks valuation multiple contraction.
Evaluates shareholder equity vulnerability if SaaS valuation multiples contract toward historical industry medians.
| Multiple Contraction Scenario | EV / Rev | Implied EV | Implied Equity | Implied Price | Downside % |
|---|---|---|---|---|---|
| Current Multiple | 2.3× | $958.2M | $985.9M | $8.00 | 0.0% |
| -20% Multiple Compression | 1.8× | $766.5M | $794.3M | $6.44 | -20.0% |
| -35% Multiple Compression | 1.5× | $622.8M | $650.5M | $5.28 | -35.0% |
| Software Baseline Floor (5.0× EV/Rev) | 5.0× | $2.10B | $2.13B | $17.30 | +119.7% |