YELP

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Yelp Inc.

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Key Metrics

Previous Close: $23.95
52-Week Range: $19.60 – $34.49
Market Cap: $1.28B
P/E (TTM): 11.40
EPS (TTM): 2.07
Dividend Yield: —

Advanced Metrics

Price/Book: 2.09
PEG Ratio: 0.57
Return on Equity: 18.19%
Return on Assets: 11.43%
Gross Margin: 89.65%
Operating Margin: 12.67%
Profit Margin: 8.59%
Current Ratio: 1.75
Debt/Equity: 0.19
Total Debt: $123.30M
Free Cash Flow: $283.74M
Revenue Growth: 1.40%
Earnings Growth: -14.90%
Enterprise Value: $1.33B

YELP Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$1.19B	$1.34B	$1.41B	$1.46B
Cost of Revenue	$105.70M	$114.23M	$123.68M	$142.60M
Gross Profit	$1.09B	$1.22B	$1.29B	$1.32B
Research & Development	$305.56M	$332.57M	$325.99M	$313.69M
Selling, General & Admin	$679.03M	$769.04M	$770.94M	$774.06M
Operating Expenses	$1.03B	$1.14B	$1.14B	$1.14B
Operating Income	$58.35M	$79.04M	$151.04M	$184.52M
EBITDA	$136.01M	$149.31M	$206.55M	$245.01M
Pretax Income	$66.78M	$105.08M	$182.96M	$204.03M
Income Tax	$30.43M	$5.91M	$50.11M	$58.43M
Net Income	$36.35M	$99.17M	$132.85M	$145.60M
Diluted EPS	0.50	1.35	1.88	2.24
Diluted Shares	73.40M	73.60M	70.61M	65.09M

YELP Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$306.38M	$313.91M	$217.32M	$216.06M
Receivables	$163.24M	$146.15M	$155.32M	$153.22M
Current Assets	$595.99M	$624.22M	$516.88M	$514.93M
Total Assets	$1.02B	$1.01B	$983.57M	$958.48M
Current Liabilities	$182.82M	$175.86M	$154.97M	$172.06M
Total Debt	$126.33M	$87.30M	$43.15M	$24.88M
Total Liabilities	$305.60M	$265.19M	$239.60M	$247.63M
Retained Earnings	-$923.82M	-$1.02B	-$1.14B	-$1.29B
Shareholders' Equity	$710.32M	$749.53M	$743.97M	$710.85M
Working Capital	$413.17M	$448.35M	$361.90M	$342.88M

YELP Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$192.31M	$306.28M	$285.81M	$372.03M
Capital Expenditure	-$31.98M	-$26.85M	-$37.35M	-$48.35M
Free Cash Flow	$160.33M	$279.43M	$248.47M	$323.68M
Depreciation & Amortisation	$77.66M	$70.27M	$55.50M	$60.49M
Stock-Based Compensation	$156.09M	$173.45M	$158.19M	$133.99M
Investing Cash Flow	-$126.14M	-$54.68M	-$77.27M	-$45.65M
Financing Cash Flow	-$237.53M	-$246.78M	-$303.80M	-$330.05M
Share Repurchases	-$200.01M	-$200.00M	-$250.90M	-$290.95M
Net Change in Cash	-$171.37M	$4.82M	-$95.25M	-$3.67M

YELP Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$358.53M	$370.39M	$376.04M	$359.99M	$361.46M
Cost of Revenue	$34.83M	$35.45M	$36.29M	$36.03M	$38.41M
Gross Profit	$323.71M	$334.95M	$339.75M	$323.96M	$323.05M
Research & Development	$83.91M	$78.36M	$78.14M	$73.28M	$77.16M
Selling, General & Admin	$197.99M	$190.93M	$196.20M	$188.94M	$202.36M
Operating Expenses	$294.25M	$281.66M	$286.87M	$275.07M	$295.75M
Operating Income	$29.46M	$53.29M	$52.88M	$48.89M	$27.30M
EBITDA	$45.25M	$68.93M	$67.53M	$63.30M	$45.23M
Pretax Income	$35.23M	$58.98M	$58.23M	$51.58M	$29.88M
Income Tax	$10.84M	$14.90M	$18.91M	$13.78M	$12.15M
Net Income	$24.39M	$44.09M	$39.32M	$37.80M	$17.73M
Diluted EPS	0.36	0.67	0.61	0.61	0.30
Diluted Shares	67.32M	65.68M	64.22M	62.02M	59.37M

YELP Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$222.03M	$197.69M	$231.07M	$216.06M	$110.41M
Receivables	$158.18M	$156.00M	$153.48M	$153.22M	$152.21M
Current Assets	$527.71M	$509.41M	$550.30M	$514.93M	$302.03M
Total Assets	$985.20M	$980.17M	$989.88M	$958.48M	$1.01B
Current Liabilities	$182.39M	$155.73M	$184.12M	$172.06M	$173.72M
Long-Term Debt	—	—	—	—	$130.00M
Total Debt	$33.51M	$30.58M	$27.40M	$24.88M	$154.92M
Total Liabilities	$257.19M	$233.77M	$256.73M	$247.63M	$382.21M
Retained Earnings	-$1.18B	-$1.20B	-$1.24B	-$1.29B	-$1.39B
Shareholders' Equity	$728.02M	$746.40M	$733.15M	$710.85M	$631.09M
Working Capital	$345.32M	$353.68M	$366.18M	$342.88M	$128.31M
Net Debt	—	—	—	—	$19.59M

YELP Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$98.00M	$58.03M	$131.52M	$84.48M	$57.82M
Capital Expenditure	-$10.53M	-$13.02M	-$12.58M	-$12.22M	-$12.66M
Free Cash Flow	$87.46M	$45.01M	$118.94M	$72.27M	$45.16M
Depreciation & Amortisation	$15.79M	$15.64M	$14.64M	$14.41M	$17.94M
Stock-Based Compensation	$37.47M	$34.77M	$32.88M	$28.87M	$30.51M
Investing Cash Flow	-$12.00M	-$14.62M	-$11.36M	-$7.68M	-$167.88M
Financing Cash Flow	-$81.71M	-$69.87M	-$86.20M	-$92.27M	$4.92M
Share Repurchases	-$62.50M	-$65.95M	-$75.00M	-$87.50M	-$124.00M
Net Change in Cash	$4.28M	-$26.45M	$33.96M	-$15.46M	-$105.15M

Market Snapshot

About

Yelp Inc. operates a leading online platform that connects consumers with local businesses through crowd-sourced reviews and ratings. The company generates revenue primarily through advertising sold to businesses on its platform, helping them reach customers searching for local services. Yelp has built one of the largest databases of local business information and consumer reviews in the United States.