NYSE : YELP
Yelp Inc. — Financial statements
Communication Services · Internet Content & Information · United States
Last price 19.09 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.04B
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Financial statements
Yelp Inc. (YELP) reported revenue of 1.47B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.47B | 1.46B | 1.41B | 1.34B | 1.19B | 1.03B |
| Cost of Revenue | 152.51M | 142.60M | 123.68M | 114.23M | 105.70M | 78.10M |
| Gross Profit | 1.32B | 1.32B | 1.29B | 1.22B | 1.09B | 953.74M |
| Selling, General & Admin | 784.92M | 773.48M | 763.76M | 745.47M | 668.57M | 578.88M |
| Research & Development | 295.71M | 310.35M | 323.41M | 331.29M | 304.56M | 276.47M |
| Operating Expenses | 1.14B | 1.13B | 1.13B | 1.12B | 1.02B | 911.03M |
| Operating Income | 180.14M | 188.43M | 160.81M | 103.88M | 69.82M | 42.71M |
| Interest Expense | -2.45M | -116.00K | ||||
| Interest & Investment Income | 9.27M | 13.80M | 20.92M | 19.57M | 5.76M | |
| Currency Exchange Gain (Loss) | -130.00K | 231.00K | ||||
| Other Non Operating Income (Expenses) | 4.55M | 5.71M | 7.89M | 6.47M | 2.79M | 2.09M |
| EBT Excluding Unusual Items | 191.50M | 207.94M | 189.62M | 129.92M | 78.24M | 44.91M |
| Merger & Restructuring Charges | -4.00M | -574.00K | -1.27M | -32.00K | ||
| Asset Writedown | -3.34M | -3.34M | -8.50M | -24.84M | -11.46M | -11.16M |
| Other Unusual Items | 3.10M | |||||
| Pretax Income | 184.16M | 204.03M | 182.96M | 105.08M | 66.78M | 33.72M |
| Income Tax Expense | 57.65M | 58.43M | 50.11M | 5.91M | 30.43M | -5.95M |
| Net Income | 126.51M | 145.60M | 132.85M | 99.17M | 36.35M | 39.67M |
| Net Income to Common | 126.51M | 145.60M | 132.85M | 99.17M | 36.35M | 39.67M |
| Shares Outstanding (Basic) | 59.51M | 63.33M | 67.42M | 69.22M | 70.87M | 74.22M |
| Shares Outstanding (Diluted) | 60.60M | 65.09M | 70.61M | 73.60M | 73.40M | 78.62M |
| EPS (Basic) | 2.13 | 2.30 | 1.97 | 1.43 | 0.51 | 0.53 |
| EPS (Diluted) | 2.09 | 2.24 | 1.88 | 1.35 | 0.50 | 0.50 |
| Free Cash Flow | 297.43M | 323.68M | 248.47M | 279.43M | 160.33M | 184.37M |
| Free Cash Flow Per Share | 4.91 | 4.97 | 3.52 | 3.80 | 2.18 | 2.35 |
| Gross Margin | 89.65% | 90.27% | 91.24% | 91.46% | 91.14% | 92.43% |
| Operating Margin | 12.23% | 12.86% | 11.39% | 7.77% | 5.85% | 4.14% |
| Profit Margin | 8.59% | 9.94% | 9.41% | 7.42% | 3.04% | 3.84% |
| Free Cash Flow Margin | 20.19% | 22.10% | 17.60% | 20.90% | 13.43% | 17.87% |
| EBITDA | 206.37M | 205.03M | 172.62M | 117.37M | 85.07M | 67.79M |
| EBITDA Margin | 14.01% | 13.99% | 12.22% | 8.78% | 7.13% | 6.57% |
| D&A For EBITDA | 26.23M | 16.59M | 11.81M | 13.48M | 15.25M | 25.08M |
| EBIT | 180.14M | 188.43M | 160.81M | 103.88M | 69.82M | 42.71M |
| EBIT Margin | 12.23% | 12.86% | 11.39% | 7.77% | 5.85% | 4.14% |
| Effective Tax Rate | 31.31% | 28.64% | 27.39% | 5.62% | 45.57% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 94.14M | 216.06M | 217.32M | 313.91M | 306.38M | 479.78M |
| Short-Term Investments | 108.29M | 110.58M | 132.49M | 104.24M | 10.00M | |
| Cash & Short-Term Investments | 94.14M | 324.35M | 327.91M | 446.40M | 410.62M | 489.78M |
| Accounts Receivable | 157.72M | 153.22M | 155.32M | 146.15M | 131.90M | 107.36M |
| Other Receivables | 31.34M | 28.88M | ||||
| Receivables | 157.72M | 153.22M | 155.32M | 146.15M | 163.24M | 136.23M |
| Prepaid Expenses | 20.77M | 17.14M | 18.61M | 14.92M | 14.63M | 13.48M |
| Other Current Assets | 20.86M | 20.21M | 15.03M | 16.75M | 7.50M | 5.18M |
| Total Current Assets | 293.50M | 514.93M | 516.88M | 624.22M | 595.99M | 644.68M |
| Property, Plant & Equipment | 115.22M | 107.73M | 99.78M | 117.26M | 174.62M | 224.64M |
| Goodwill | 354.71M | 135.85M | 130.98M | 103.89M | 102.33M | 105.13M |
| Other Intangible Assets | 92.09M | 49.04M | 58.79M | 7.64M | 9.00M | 10.67M |
| Long-Term Deferred Tax Assets | 91.57M | 116.09M | 139.59M | 119.45M | 97.43M | 40.61M |
| Long-Term Deferred Charges | 20.16M | 19.88M | 24.16M | 28.20M | 25.95M | 16.93M |
| Other Long-Term Assets | 23.31M | 14.96M | 13.40M | 14.07M | 10.62M | 7.87M |
| Total Assets | 990.57M | 958.48M | 983.57M | 1.01B | 1.02B | 1.05B |
| Accounts Payable | 8.68M | 9.79M | 11.90M | 11.87M | 14.53M | 16.13M |
| Accrued Expenses | 143.25M | 145.02M | 109.89M | 103.94M | 97.17M | 77.46M |
| Current Portion of Leases | 7.35M | 7.43M | 20.68M | 39.23M | 39.67M | 40.24M |
| Current Income Taxes Payable | 3.98M | 9.53M | 1.92M | |||
| Current Unearned Revenue | 8.57M | 5.84M | 2.97M | 3.82M | 5.20M | 4.16M |
| Other Current Liabilities | 15.09M | 26.25M | 26.04M | |||
| Total Current Liabilities | 167.85M | 172.06M | 154.97M | 175.86M | 182.82M | 164.01M |
| Long-Term Leases | 15.95M | 17.45M | 22.47M | 48.06M | 86.66M | 127.98M |
| Other Long-Term Liabilities | 62.24M | 58.12M | 62.15M | 41.26M | 36.11M | 7.22M |
| Total Liabilities | 346.04M | 247.63M | 239.60M | 265.19M | 305.60M | 299.21M |
| Additional Paid-In Capital | 2.07B | 2.01B | 1.90B | 1.79B | 1.65B | 1.52B |
| Retained Earnings | -1.42B | -1.29B | -1.14B | -1.02B | -923.82M | -760.16M |
| Treasury Stock | -2.87M | -999.00K | -3.91M | -282.00K | ||
| Comprehensive Income & Other | -9.81M | -7.68M | -15.43M | -12.20M | -15.54M | -11.09M |
| Shareholders' Equity | 644.53M | 710.85M | 743.97M | 749.53M | 710.32M | 751.32M |
| Total Liabilities & Equity | 990.57M | 958.48M | 983.57M | 1.01B | 1.02B | 1.05B |
| Total Debt | 123.30M | 24.88M | 43.15M | 87.30M | 126.33M | 168.22M |
| Net Cash (Debt) | -29.16M | 299.48M | 284.76M | 359.10M | 284.29M | 321.57M |
| Net Cash Per Share | -0.48 | 4.60 | 4.03 | 4.88 | 3.87 | 4.09 |
| Filing Date Shares Outstanding | 54.26M | 59.52M | 65.03M | 68.28M | 69.54M | 71.10M |
| Total Common Shares Outstanding | 54.98M | 59.95M | 65.79M | 68.86M | 69.80M | 72.17M |
| Working Capital | 125.65M | 342.88M | 361.90M | 448.35M | 413.17M | 480.66M |
| Book Value Per Share | 11.72 | 11.86 | 11.31 | 10.88 | 10.18 | 10.41 |
| Tangible Book Value | 197.73M | 525.97M | 554.20M | 638.01M | 599.00M | 635.52M |
| Tangible Book Value Per Share | 3.60 | 8.77 | 8.42 | 9.26 | 8.58 | 8.81 |
| Machinery | 26.53M | 27.18M | 36.18M | 64.53M | 67.48M | 65.79M |
| Leasehold Improvements | 5.40M | 10.80M | 55.88M | 57.40M | 60.41M | 59.19M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 126.51M | 145.60M | 132.85M | 99.17M | 36.35M | 39.67M |
| Depreciation & Amortization | 32.91M | 26.99M | 26.90M | 41.57M | 48.06M | 64.42M |
| Other Amortization | 60.45M | 61.44M | 53.45M | 52.73M | 48.43M | 45.21M |
| Asset Writedown & Restructuring Costs | 3.34M | 3.34M | 8.50M | 24.84M | 10.46M | 11.16M |
| Stock-Based Compensation | 118.00M | 133.99M | 158.19M | 173.45M | 156.09M | 151.68M |
| Provision & Write-off of Bad Debts | 38.71M | 43.27M | 45.61M | 40.70M | 25.01M | 14.57M |
| Other Operating Activities | 48.98M | 24.58M | -29.91M | -23.84M | -55.59M | -20.28M |
| Change in Accounts Receivable | -40.03M | -41.87M | -51.03M | -54.95M | -49.55M | -33.53M |
| Change in Accounts Payable | 7.28M | 22.72M | 4.80M | -2.55M | 49.14M | 30.00M |
| Change in Other Net Operating Assets | -46.53M | -48.04M | -63.54M | -44.86M | -76.09M | -90.25M |
| Operating Cash Flow | 349.64M | 372.03M | 285.81M | 306.28M | 192.31M | 212.66M |
| Capital Expenditures | -52.21M | -48.35M | -37.35M | -26.85M | -31.98M | -28.28M |
| Cash Acquisitions | -263.60M | -66.20M | ||||
| Investment in Securities | 113.39M | 2.58M | 26.29M | -28.03M | -94.26M | |
| Other Investing Activities | 122.00K | 114.00K | -10.00K | 195.00K | 94.00K | 632.00K |
| Investing Cash Flow | -202.30M | -45.65M | -77.27M | -54.68M | -126.14M | -27.65M |
| Issuance of Common Stock | 27.12M | 19.66M | 20.79M | 39.51M | 23.50M | 24.98M |
| Repurchase of Common Stock | -377.02M | -349.06M | -324.59M | -285.18M | -261.03M | -325.47M |
| Other Financing Activities | -775.00K | -656.00K | -1.11M | |||
| Financing Cash Flow | -250.68M | -330.05M | -303.80M | -246.78M | -237.53M | -300.49M |
| Foreign Exchange Rate Adjustments | -521.00K | 2.28M | -1.07M | 2.05M | -2.14M | -415.00K |
| Net Cash Flow | -103.86M | -1.39M | -96.32M | 6.86M | -173.50M | -115.90M |
| Free Cash Flow | 297.43M | 323.68M | 248.47M | 279.43M | 160.33M | 184.37M |
| Free Cash Flow Margin | 20.19% | 22.10% | 17.60% | 20.90% | 13.43% | 17.87% |
| Free Cash Flow Per Share | 4.91 | 4.97 | 3.52 | 3.80 | 2.18 | 2.35 |
| Levered Free Cash Flow | 283.74M | 320.57M | 288.22M | 306.86M | 253.13M | 242.59M |
| Unlevered Free Cash Flow | 285.28M | 320.57M | 288.22M | 306.86M | 253.13M | 242.66M |
| Cash Income Tax Paid | 15.10M | 34.47M | 58.19M | 30.62M | 50.42M | 2.52M |
| Change in Working Capital | -79.27M | -67.19M | -109.78M | -102.35M | -76.50M | -93.78M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.04B | 1.87B | 2.55B | 3.24B | 1.91B | 2.65B |
| Enterprise Value | 1.07B | 1.55B | 2.20B | 2.90B | 1.61B | 2.28B |
| Last Close Price | 19.09 | 30.39 | 38.70 | 47.34 | 27.34 | 36.24 |
| PE Ratio | 9.13 | 12.84 | 19.17 | 32.69 | 52.43 | 66.70 |
| Forward PE | 5.38 | 7.68 | 9.94 | 14.61 | 9.90 | 16.50 |
| PS Ratio | 0.70 | 1.28 | 1.80 | 2.42 | 1.60 | 2.56 |
| PB Ratio | 1.63 | 2.63 | 3.42 | 4.33 | 2.68 | 3.52 |
| P/TBV Ratio | 5.24 | 3.55 | 4.60 | 5.08 | 3.18 | 4.16 |
| P/FCF Ratio | 3.48 | 5.77 | 10.25 | 11.60 | 11.89 | 14.35 |
| P/OCF Ratio | 2.96 | 5.02 | 8.91 | 10.58 | 9.91 | 12.44 |
| PEG Ratio | 0.86 | 0.55 | 0.50 | 0.59 | 0.33 | 3.33 |
| EV/Sales Ratio | 0.72 | 1.06 | 1.56 | 2.17 | 1.35 | 2.21 |
| EV/EBITDA Ratio | 5.16 | 7.57 | 12.72 | 24.72 | 18.92 | 33.67 |
| EV/EBIT Ratio | 5.91 | 8.24 | 13.66 | 27.93 | 23.05 | 53.44 |
| EV/FCF Ratio | 3.58 | 4.80 | 8.84 | 10.38 | 10.04 | 12.38 |
| Debt / Equity Ratio | 0.19 | 0.04 | 0.06 | 0.12 | 0.18 | 0.22 |
| Debt / EBITDA Ratio | 0.59 | 0.12 | 0.24 | 0.63 | 1.10 | 1.53 |
| Debt / FCF Ratio | 0.41 | 0.08 | 0.17 | 0.31 | 0.79 | 0.91 |
| Net Debt / Equity Ratio | 0.04 | -0.42 | -0.38 | -0.48 | -0.40 | -0.43 |
| Net Debt / EBITDA Ratio | 0.14 | -1.46 | -1.65 | -3.06 | -3.34 | -4.74 |
| Net Debt / FCF Ratio | 0.10 | -0.93 | -1.15 | -1.28 | -1.77 | -1.74 |
| Asset Turnover | 1.50 | 1.51 | 1.41 | 1.32 | 1.16 | 0.94 |
| Quick Ratio | 1.50 | 2.78 | 3.12 | 3.37 | 3.14 | 3.82 |
| Current Ratio | 1.75 | 2.99 | 3.33 | 3.55 | 3.26 | 3.93 |
| Return on Equity (ROE) | 18.19% | 20.02% | 17.79% | 13.59% | 4.97% | 4.94% |
| Return on Assets (ROA) | 11.43% | 12.13% | 10.06% | 6.40% | 4.22% | 2.42% |
| Return on Invested Capital (ROIC) | 18.34% | 30.89% | 27.48% | 24.02% | 8.88% | 9.73% |
| Return on Capital Employed (ROCE) | 21.90% | 24.00% | 19.40% | 12.40% | 8.40% | 4.80% |
| Earnings Yield | 10.96% | 7.79% | 5.22% | 3.06% | 1.91% | 1.50% |
| FCF Yield | 28.71% | 17.32% | 9.75% | 8.62% | 8.41% | 6.97% |
| Buyback Yield / Dilution | 11.05% | 7.82% | 4.06% | -0.26% | 6.63% | -7.69% |