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Yelp (YELP) Financials

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$21.43 -1.43 (-6.26%)
As of 03:29 PM Eastern
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Annual Income Statements for Yelp

Annual Income Statements for Yelp

This table shows Yelp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -33 -1.71 153 55 41 -19 40 36 99 133 146
Consolidated Net Income / (Loss)		 -33 -1.71 153 55 41 -19 40 36 99 133 146
Net Income / (Loss) Continuing Operations		 -33 -1.71 153 55 41 -19 40 36 99 133 146
Total Pre-Tax Income 		-21 -0.33 184 40 50 -35 34 67 105 183 204
Total Operating Income		 -21 -2.02 180 26 36 -39 32 58 79 151 185
Total Gross Profit		 499 656 780 885 952 816 954 1,088 1,223 1,412 1,322
Total Revenue		 550 716 851 943 1,014 873 1,032 1,194 1,337 1,412 1,465
Operating Revenue		 550 716 851 943 1,014 873 1,032 1,194 1,337 1,412 1,465
Total Cost of Revenue		 51 60 71 58 62 57 78 106 114 0.00 143
Operating Cost of Revenue		 51 60 71 58 62 57 78 106 114 - 143
Total Operating Expenses		 520 658 601 859 916 855 922 1,029 1,144 1,261 1,138
Selling, General & Admin Expense		 81 100 110 121 136 130 136 164 212 185 182
Marketing Expense		 302 380 437 483 500 437 454 515 557 586 592
Research & Development Expense		 108 139 176 212 230 233 276 306 333 326 314
Depreciation Expense		 30 35 41 43 49 51 56 45 42 40 50
Total Other Income / (Expense), net		 0.39 1.69 4.86 14 14 3.67 2.20 8.43 26 32 20
Other Income / (Expense), net		 0.39 1.69 4.86 14 14 3.67 2.20 8.43 26 32 20
Income Tax Expense		 12 1.39 31 -15 8.89 -16 -5.95 30 5.91 50 58
Basic Earnings per Share		 ($0.44) ($0.02) $1.87 $0.66 $0.55 ($0.27) $0.53 $0.51 $1.43 $1.97 $2.30
Weighted Average Basic Shares Outstanding		 74.68M 77.19M 81.60M 83.57M 74.63M 73.01M 74.22M 70.87M 69.22M 67.42M 63.33M
Diluted Earnings per Share		 ($0.44) ($0.02) $1.76 $0.62 $0.52 ($0.27) $0.50 $0.50 $1.35 $1.88 $2.24
Weighted Average Diluted Shares Outstanding		 74.68M 77.19M 87.17M 88.71M 77.97M 73.01M 78.62M 73.40M 73.60M 70.61M 65.09M
Weighted Average Basic & Diluted Shares Outstanding		 74.80M 77.80M 81.80M 82.03M 71.84M 74.93M 71.10M 69.54M 68.28M 65.03M 59.52M

Quarterly Income Statements for Yelp

This table shows Yelp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 58 27 14 38 38 42 24 44 39 38 18
Consolidated Net Income / (Loss)		 58 27 14 38 38 42 24 44 39 38 18
Net Income / (Loss) Continuing Operations		 58 27 14 38 38 42 24 44 39 38 18
Total Pre-Tax Income 		48 34 19 50 54 60 35 59 58 52 30
Total Operating Income		 42 25 11 40 47 53 29 53 53 49 27
Total Gross Profit		 317 427 305 326 328 329 324 335 340 324 323
Total Revenue		 345 342 333 357 360 362 359 370 376 360 361
Operating Revenue		 345 342 333 357 360 362 359 370 376 360 361
Total Cost of Revenue		 28 -85 27 31 32 33 35 35 36 36 38
Operating Cost of Revenue		 28 - 27 31 32 33 35 35 36 36 38
Total Operating Expenses		 275 402 294 287 281 275 294 282 287 275 296
Selling, General & Admin Expense		 46 67 45 45 50 45 52 46 45 38 49
Marketing Expense		 138 132 148 150 145 143 146 145 151 150 153
Research & Development Expense		 81 78 91 82 78 75 84 78 78 73 77
Depreciation Expense		 10 10 9.93 9.59 9.33 12 12 12 13 13 16
Total Other Income / (Expense), net		 6.15 8.78 7.72 10 7.23 6.64 5.77 5.70 5.35 2.69 2.59
Other Income / (Expense), net		 6.15 8.78 7.72 10 7.23 6.64 5.77 5.70 5.35 2.69 2.59
Income Tax Expense		 -10 6.38 4.79 12 15 18 11 15 19 14 12
Basic Earnings per Share		 $0.84 $0.40 $0.21 $0.56 $0.57 $0.63 $0.37 $0.69 $0.62 $0.62 $0.30
Weighted Average Basic Shares Outstanding		 69.03M 69.22M 68.56M 67.82M 67.22M 67.42M 65.26M 64.15M 63.03M 63.33M 58.82M
Diluted Earnings per Share		 $0.79 $0.37 $0.20 $0.54 $0.56 $0.58 $0.36 $0.67 $0.61 $0.60 $0.30
Weighted Average Diluted Shares Outstanding		 73.57M 73.60M 72.25M 70.44M 69.16M 70.61M 67.32M 65.68M 64.22M 65.09M 59.37M
Weighted Average Basic & Diluted Shares Outstanding		 68.47M 68.28M 67.46M 66.91M 65.82M 65.03M 63.84M 63.06M 61.49M 59.52M 54.99M

Annual Cash Flow Statements for Yelp

This table details how cash moves in and out of Yelp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -76 101 276 -212 -163 404 -116 -174 6.86 -96 -1.39
Net Cash From Operating Activities		 57 127 168 160 205 177 213 192 306 286 372
Net Cash From Continuing Operating Activities		 57 127 168 160 205 177 213 192 306 286 372
Net Income / (Loss) Continuing Operations		 -33 -1.71 153 55 41 -19 40 36 99 133 146
Consolidated Net Income / (Loss)		 -33 -1.71 153 55 41 -19 40 36 99 133 146
Depreciation Expense		 30 35 41 43 49 51 56 45 42 40 50
Amortization Expense		 - - - - - 16 54 52 52 40 38
Non-Cash Adjustments To Reconcile Net Income		 91 107 -42 139 144 199 125 192 239 212 181
Changes in Operating Assets and Liabilities, net		 -31 -13 16 -77 -29 -70 -62 -132 -126 -140 -43
Net Cash From Investing Activities		 -159 -55 81 -164 124 248 -28 -126 -55 -77 -46
Net Cash From Continuing Investing Activities		 -159 -55 81 -164 124 248 -28 -126 -55 -77 -46
Purchase of Property, Plant & Equipment		 -43 -37 -30 -45 -38 -32 -28 -32 -27 -37 -48
Acquisitions		 -73 0.00 -51 0.00 0.00 -6.13 - 0.00 0.00 -66 0.00
Purchase of Investments		 -246 -283 -355 -751 -541 -97 0.00 -127 -148 -97 -81
Sale and/or Maturity of Investments		 203 266 264 632 674 384 0.00 33 120 123 84
Other Investing Activities, net		 0.89 -0.09 0.16 0.25 29 0.33 0.63 0.09 0.20 -0.01 0.11
Net Cash From Financing Activities		 26 30 27 -208 -492 -21 -300 -238 -247 -304 -330
Net Cash From Continuing Financing Activities		 26 30 27 -208 -492 -21 -300 -238 -247 -304 -330
Repayment of Debt		 - - - 0.00 0.00 -0.43 0.00 0.00 -1.11 0.00 -0.66
Repurchase of Preferred Equity		 - - - - - - - - 0.00 -0.28 -1.22
Repurchase of Common Equity		 -0.48 0.00 -13 -187 -481 -24 -263 -200 -200 -251 -291
Issuance of Common Equity		 21 30 41 30 32 27 25 23 40 21 20
Other Financing Activities, net		 5.76 0.00 -1.20 -50 -43 -24 -63 -61 -85 -73 -57
Effect of Exchange Rate Changes		 -0.82 - - - - 0.21 - - 2.05 -1.07 2.28

Quarterly Cash Flow Statements for Yelp

This table details how cash moves in and out of Yelp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 35 8.55 -18 -43 9.18 -44 4.93 -24 33 -15 -105
Net Cash From Operating Activities		 105 79 73 40 102 71 98 58 132 84 58
Net Cash From Continuing Operating Activities		 105 79 73 40 102 71 98 58 132 84 58
Net Income / (Loss) Continuing Operations		 58 27 14 38 38 42 24 44 39 38 18
Consolidated Net Income / (Loss)		 58 27 14 38 38 42 24 44 39 38 18
Depreciation Expense		 10 10 9.93 9.59 9.33 12 12 12 13 13 16
Amortization Expense		 13 11 10 9.97 9.98 9.98 9.45 9.30 8.05 12 7.26
Non-Cash Adjustments To Reconcile Net Income		 46 104 54 44 76 45 48 31 60 41 40
Changes in Operating Assets and Liabilities, net		 -23 -74 -16 -62 -31 -38 3.77 -39 12 -19 -23
Net Cash From Investing Activities		 0.42 -8.22 -6.40 -17 -11 -43 -12 -15 -11 -7.68 -168
Net Cash From Continuing Investing Activities		 0.42 -8.22 -6.40 -17 -11 -43 -12 -15 -11 -7.68 -168
Purchase of Property, Plant & Equipment		 -5.70 -6.00 -6.99 -9.59 -9.76 -11 -11 -13 -13 -12 -13
Acquisitions		 - - - - - - 0.00 - - - -264
Purchase of Investments		 -33 -33 -25 -31 -36 -5.05 -15 -23 -24 -19 -5.98
Sale and/or Maturity of Investments		 39 31 25 24 34 40 14 21 25 24 114
Other Investing Activities, net		 0.01 0.04 0.11 0.13 0.03 -0.28 0.05 0.02 -0.00 0.05 0.06
Net Cash From Financing Activities		 -70 -64 -84 -67 -83 -71 -82 -70 -86 -92 4.92
Net Cash From Continuing Financing Activities		 -70 -64 -84 -67 -83 -71 -82 -70 -86 -92 4.92
Repayment of Debt		 -0.25 -0.06 - - - - 0.00 - - - -35
Repurchase of Common Equity		 -50 -50 -63 -60 -66 -63 -63 -66 -75 -87 -124
Issuance of Debt		 - - - - - - 0.00 - - - 165
Issuance of Common Equity		 2.86 11 0.55 13 - 7.35 0.27 12 0.27 7.37 8.73
Other Financing Activities, net		 -23 -24 -22 -19 -17 -15 -19 -16 -11 -10 -9.79
Effect of Exchange Rate Changes		 - - -0.49 - - -1.65 0.65 - - 0.26 -0.27
Cash Income Taxes Paid		 0.57 22 0.15 20 15 22 -4.29 30 2.24 - 3.19

Annual Balance Sheets for Yelp

This table presents Yelp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 755 885 1,226 1,176 1,071 1,155 1,051 1,016 1,015 984 958
Total Current Assets		 443 561 913 860 533 713 645 596 624 517 515
Cash & Equivalents		 172 272 548 333 170 596 480 306 314 217 216
Short-Term Investments		 199 207 273 423 242 - 0.00 94 127 101 103
Accounts Receivable		 53 69 76 87 107 88 107 132 146 155 153
Prepaid Expenses		 20 13 16 17 14 28 58 63 37 44 42
Plant, Property, & Equipment, net		 80 92 104 115 111 102 84 77 69 76 92
Total Noncurrent Assets		 232 232 209 200 426 341 322 343 322 391 352
Goodwill		 172 171 108 106 105 109 105 102 104 131 136
Intangible Assets		 39 33 17 13 10 14 11 9.00 7.64 59 49
Other Noncurrent Operating Assets		 3.70 11 40 59 236 217 206 231 210 201 167
Total Liabilities & Shareholders' Equity		 755 885 1,226 1,176 1,071 1,155 1,051 1,016 1,015 984 958
Total Liabilities		 62 78 117 100 316 300 299 306 265 240 248
Total Current Liabilities		 50 60 86 65 134 143 164 183 176 155 172
Accounts Payable		 3.39 20 9.03 61 72 88 120 138 133 131 159
Current Deferred Revenue		 2.93 3.31 3.47 3.84 4.32 4.11 4.16 5.20 3.82 2.97 5.85
Other Current Liabilities		 - - - - 58 51 40 40 39 21 7.43
Total Noncurrent Liabilities		 12 18 31 35 182 157 135 123 89 85 76
Long-Term Debt		 12 - - 35 - - - - - - 0.00
Other Noncurrent Operating Liabilities		 - 18 31 - 182 157 135 123 89 85 76
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 694 807 1,109 1,076 755 855 751 710 750 744 711
Total Preferred & Common Equity		 694 807 1,109 1,076 755 855 751 710 750 744 711
Preferred Stock		 - - - - - - - - - 0.00 0.00
Total Common Equity		 694 807 1,109 1,076 755 855 751 710 750 744 711
Common Stock		 774 893 1,038 1,139 1,260 1,398 1,523 1,650 1,787 1,904 2,011
Retained Earnings		 -67 -70 79 -53 -493 -534 -760 -924 -1,025 -1,140 -1,291
Treasury Stock		 - 0.00 -0.05 - 0.00 -2.96 - 0.00 -0.28 -3.91 -1.00
Accumulated Other Comprehensive Income / (Loss)		 -14 -16 -8.44 -11 -12 -6.81 -11 -16 -12 -15 -7.68

Quarterly Balance Sheets for Yelp

This table presents Yelp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 1,030 1,022 1,033 1,027 993 965 980 985 980 990 1,013
Total Current Assets		 623 592 588 626 607 584 590 528 509 550 302
Cash & Equivalents		 331 289 270 305 296 252 262 222 198 231 110
Short-Term Investments		 91 125 127 121 125 132 135 102 103 102 0.00
Accounts Receivable		 127 140 152 160 148 154 155 158 156 153 152
Prepaid Expenses		 74 37 39 40 38 45 38 45 52 63 39
Plant, Property, & Equipment, net		 79 77 76 72 68 71 74 79 84 90 95
Total Noncurrent Assets		 329 353 370 329 318 311 316 378 387 350 616
Goodwill		 98 103 103 102 103 102 104 134 137 136 356
Intangible Assets		 9.34 8.66 8.32 7.98 7.31 6.97 6.64 56 54 51 99
Other Noncurrent Operating Assets		 220 241 259 219 208 201 205 188 196 163 162
Total Liabilities & Shareholders' Equity		 1,030 1,022 1,033 1,027 993 965 980 985 980 990 1,013
Total Liabilities		 329 318 325 288 272 230 241 257 234 257 382
Total Current Liabilities		 199 199 216 190 191 158 170 182 156 184 174
Accounts Payable		 151 153 172 144 145 118 135 164 142 169 155
Current Deferred Revenue		 8.40 7.41 5.41 7.06 6.99 5.23 7.60 5.65 3.87 7.12 12
Other Current Liabilities		 40 39 38 39 39 35 28 13 9.83 8.45 7.06
Total Noncurrent Liabilities		 130 118 109 98 80 72 70 75 78 73 208
Long-Term Debt		 - - - - - - - - - - 130
Other Noncurrent Operating Liabilities		 130 118 109 98 80 72 70 75 78 73 78
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 701 704 709 740 722 735 740 728 746 733 631
Total Preferred & Common Equity		 701 704 709 740 722 735 740 728 746 733 631
Preferred Stock		 - - - - - - - - - - 0.00
Total Common Equity		 701 704 709 740 722 735 740 728 746 733 631
Common Stock		 1,616 1,693 1,733 1,757 1,810 1,849 1,874 1,924 1,958 1,982 2,041
Retained Earnings		 -894 -975 -1,010 -1,002 -1,065 -1,098 -1,121 -1,181 -1,204 -1,239 -1,394
Treasury Stock		 - -0.04 -0.16 -0.27 -8.33 -0.81 -2.91 -1.58 -1.04 -2.58 -6.26
Accumulated Other Comprehensive Income / (Loss)		 -21 -14 -14 -15 -14 -14 -11 -13 -7.14 -7.83 -9.60

Annual Metrics And Ratios for Yelp

This table displays calculated financial ratios and metrics derived from Yelp's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 61,491,989.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 61,491,989.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 2.37
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)		 -15 -1.41 149 36 29 -27 37 32 75 110 132
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 4.47% 9.95% 14.74% 18.52%
Earnings before Interest and Taxes (EBIT)		 -21 -0.33 184 40 50 -35 34 67 105 183 204
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 8.67 35 226 83 99 31 143 163 199 263 292
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -160 6.59 215 -53 95 -18 24 -6.40 76 -8.25 166
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 318 310 244 333 267 258 272 310 308 426 392
Increase / (Decrease) in Invested Capital		 145 -8.00 -66 89 -66 -9.18 14 38 -1.56 118 -35
Book Value per Share		 $9.19 $10.29 $13.38 $12.95 $10.75 $11.55 $10.29 $10.19 $10.95 $11.30 $11.56
Tangible Book Value per Share		 $6.39 $7.70 $11.87 $11.51 $9.12 $9.89 $8.70 $8.59 $9.32 $8.42 $8.55
Total Capital		 706 807 1,109 1,111 755 855 751 710 750 744 711
Total Debt		 12 0.00 0.00 35 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 12 0.00 0.00 35 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -359 -480 -846 -721 -466 -596 -480 -401 -441 -318 -319
Capital Expenditures (CapEx)		 43 37 30 45 38 32 28 32 27 37 48
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 23 21 5.71 40 -13 -26 0.88 13 6.96 44 24
Debt-free Net Working Capital (DFNWC)		 394 501 827 795 399 570 481 413 448 362 343
Net Working Capital (NWC)		 394 501 827 795 399 570 481 413 448 362 343
Net Nonoperating Expense (NNE)		 18 0.30 -4.03 -20 -12 -7.73 -2.59 -4.59 -25 -23 -14
Net Nonoperating Obligations (NNO)		 -375 -497 -865 -743 -488 -597 -480 -401 -441 -318 -319
Total Depreciation and Amortization (D&A)		 30 35 41 43 49 67 110 96 94 80 88
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.44) ($0.06) $1.87 $0.66 $0.55 ($0.27) $0.53 $0.51 $1.43 $1.97 $2.30
Adjusted Weighted Average Basic Shares Outstanding		 74.68M 77.19M 81.60M 83.57M 74.63M 73.01M 74.22M 70.87M 69.22M 67.42M 63.33M
Adjusted Diluted Earnings per Share		 ($0.44) ($0.06) $1.75 $0.62 $0.52 ($0.27) $0.50 $0.50 $1.35 $1.88 $2.24
Adjusted Weighted Average Diluted Shares Outstanding		 74.68M 77.19M 87.17M 88.71M 77.97M 73.01M 78.62M 73.40M 73.60M 70.61M 65.09M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 76.06M 79.60M 83.47M 82.03M 71.84M 74.93M 71.10M 69.54M 68.28M 65.03M 59.52M
Normalized Net Operating Profit after Tax (NOPAT)		 -15 1.00 149 18 29 -24 22 32 75 110 132
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for Yelp

This table displays calculated financial ratios and metrics derived from Yelp's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - 61,491,989.00 59,517,013.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 61,491,989.00 59,517,013.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.61 0.30
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 11.73% 10.76% 6.50% 5.90% 4.41% 5.72% 7.75% 3.75% 4.36% - 0.82%
EBITDA Growth		 76.31% -8.56% 68.57% 42.00% 2.03% 46.93% 46.68% 15.83% 7.67% - -6.41%
EBIT Growth		 198.03% -8.33% 1,477.53% 103.20% 12.19% 77.77% 86.00% 17.81% 8.08% - -15.18%
NOPAT Growth		 568.98% 11.21% 281.79% 169.51% -34.43% 85.10% 143.32% 31.92% 7.30% - -20.57%
Net Income Growth		 539.17% 36.04% 1,301.53% 158.24% -33.97% 54.05% 72.33% 15.91% 2.30% - -27.29%
EPS Growth		 507.69% 37.04% 1,100.00% 157.14% -29.11% 56.76% 80.00% 24.07% 8.93% - -16.67%
Operating Cash Flow Growth		 50.65% 78.02% -1.87% -17.33% -2.44% -10.35% 34.51% 46.22% 28.56% - -41.00%
Free Cash Flow Firm Growth		 174.55% 209.69% 92.05% -131.66% -76.72% -467.80% -2,758.34% -516.70% -668.39% - -181.44%
Invested Capital Growth		 12.43% -0.50% 3.88% 12.55% 9.43% 38.27% 34.01% 27.03% 16.66% - 61.22%
Revenue Q/Q Growth		 2.37% -0.80% -2.81% 7.29% 0.93% 0.45% -0.94% 3.31% 1.52% - 0.41%
EBITDA Q/Q Growth		 46.31% -22.57% -30.00% 79.06% 5.12% 11.51% -30.12% 41.40% -2.28% - -29.74%
EBIT Q/Q Growth		 94.91% -29.64% -43.95% 164.34% 7.62% 11.48% -41.35% 67.42% -1.27% - -42.06%
NOPAT Q/Q Growth		 353.05% -60.03% -58.69% 260.23% 10.22% 12.84% -45.69% 95.30% -10.35% - -54.78%
Net Income Q/Q Growth		 295.25% -52.92% -48.35% 168.73% 1.06% 9.83% -42.23% 80.76% -10.81% - -53.08%
EPS Q/Q Growth		 276.19% -53.16% -45.95% 170.00% 3.70% 3.57% -37.93% 86.11% -8.96% - -50.00%
Operating Cash Flow Q/Q Growth		 118.42% -24.50% -7.98% -45.52% 157.75% -30.62% 38.07% -40.78% 126.62% - -31.56%
Free Cash Flow Firm Q/Q Growth		 520.03% 35.35% -113.13% -210.27% 142.21% -2,238.42% -2.07% 33.06% 61.10% - -428.01%
Invested Capital Q/Q Growth		 0.50% -1.55% -2.26% 16.39% -2.29% 24.39% -5.27% 10.33% -10.26% - 66.20%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 91.78% 124.71% 91.78% 91.41% 91.01% 90.81% 90.29% 90.43% 90.35% - 89.37%
EBITDA Margin		 20.79% 16.22% 11.69% 19.50% 20.31% 22.55% 15.91% 21.77% 20.96% - 14.77%
Operating Margin		 12.13% 7.31% 3.37% 11.13% 12.95% 14.76% 8.22% 14.39% 14.06% - 7.55%
EBIT Margin		 13.92% 9.87% 5.69% 14.02% 14.95% 16.60% 9.83% 15.92% 15.49% - 8.27%
Profit (Net Income) Margin		 16.87% 8.00% 4.25% 10.65% 10.67% 11.66% 6.80% 11.90% 10.46% - 4.91%
Tax Burden Percent		 121.22% 81.11% 74.73% 75.97% 71.34% 70.29% 69.23% 74.75% 67.53% - 59.35%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00%
Effective Tax Rate		 -21.22% 18.89% 25.27% 24.03% 28.66% 29.71% 30.77% 25.25% 32.47% - 40.65%
Return on Invested Capital (ROIC)		 64.85% 25.65% 11.57% 35.19% 39.24% 39.91% 23.21% 39.22% 37.54% - 12.48%
ROIC Less NNEP Spread (ROIC-NNEP)		 63.09% 23.96% 10.19% 33.19% 37.99% 38.68% 22.14% 37.98% 36.55% - 11.47%
Return on Net Nonoperating Assets (RNNOA)		 -37.20% -13.82% -5.96% -17.97% -21.15% -19.67% -11.38% -17.58% -18.13% - -2.57%
Return on Equity (ROE)		 27.65% 11.83% 5.60% 17.22% 18.09% 20.24% 11.83% 21.64% 19.41% - 9.91%
Cash Return on Invested Capital (CROIC)		 13.42% 24.65% 26.11% 20.72% 19.18% -2.25% 5.43% 9.11% 20.59% - -22.68%
Operating Return on Assets (OROA)		 17.64% 13.00% 7.67% 19.33% 20.74% 23.45% 14.28% 23.76% 23.06% - 12.15%
Return on Assets (ROA)		 21.38% 10.54% 5.73% 14.69% 14.80% 16.49% 9.89% 17.76% 15.57% - 7.21%
Return on Common Equity (ROCE)		 27.65% 11.83% 5.60% 17.22% 18.09% 20.24% 11.83% 21.64% 19.41% - 9.91%
Return on Equity Simple (ROE_SIMPLE)		 12.43% 0.00% 15.86% 18.74% 15.96% 0.00% 19.65% 0.00% 0.00% - 0.00%
Net Operating Profit after Tax (NOPAT)		 51 20 8.38 30 33 38 20 40 36 36 16
NOPAT Margin		 14.71% 5.93% 2.52% 8.46% 9.24% 10.38% 5.69% 10.75% 9.50% - 4.48%
Net Nonoperating Expense Percent (NNEP)		 1.76% 1.69% 1.38% 2.01% 1.25% 1.23% 1.07% 1.24% 0.99% - 1.01%
Return On Investment Capital (ROIC_SIMPLE)		 - 2.71% - - - 5.05% 2.80% 5.34% 4.87% 5.04% 2.13%
Cost of Revenue to Revenue		 8.22% -24.71% 8.22% 8.59% 8.99% 9.19% 9.71% 9.57% 9.65% - 10.63%
SG&A Expenses to Revenue		 13.24% 19.52% 13.59% 12.50% 13.77% 12.57% 14.42% 12.51% 12.09% - 13.65%
R&D to Revenue		 23.48% 22.88% 27.42% 22.99% 21.58% 20.70% 23.40% 21.16% 20.78% - 21.35%
Operating Expenses to Revenue		 79.65% 117.41% 88.41% 80.27% 78.07% 76.05% 82.07% 76.04% 76.29% - 81.82%
Earnings before Interest and Taxes (EBIT)		 48 34 19 50 54 60 35 59 58 52 30
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 72 56 39 70 73 82 57 81 79 76 53
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.86 4.32 3.74 3.39 3.17 3.42 3.31 2.93 2.68 - 2.33
Price to Tangible Book Value (P/TBV)		 4.54 5.08 4.41 3.98 3.73 4.60 4.48 3.94 3.60 - 8.33
Price to Revenue (P/Rev)		 2.19 2.42 1.99 1.81 1.69 1.80 1.67 1.51 1.34 - 1.00
Price to Earnings (P/E)		 31.09 32.69 23.56 18.09 19.89 19.17 16.83 14.67 13.11 - 10.60
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Earnings Yield		 3.22% 3.06% 4.24% 5.53% 5.03% 5.22% 5.94% 6.82% 7.63% - 9.44%
Enterprise Value to Invested Capital (EV/IC)		 7.77 9.09 7.56 6.01 5.69 5.23 5.16 4.24 4.09 - 2.29
Enterprise Value to Revenue (EV/Rev)		 1.86 2.09 1.68 1.53 1.40 1.58 1.45 1.30 1.11 - 1.02
Enterprise Value to EBITDA (EV/EBITDA)		 11.88 14.04 10.58 8.94 8.22 8.47 7.40 6.45 5.48 - 5.17
Enterprise Value to EBIT (EV/EBIT)		 22.48 26.65 18.16 13.97 12.45 12.18 10.46 9.06 7.69 - 7.51
Enterprise Value to NOPAT (EV/NOPAT)		 32.73 37.54 25.75 19.57 21.11 20.33 17.14 14.40 12.24 - 11.70
Enterprise Value to Operating Cash Flow (EV/OCF)		 8.95 9.14 7.47 7.11 6.63 7.80 6.70 5.73 4.56 - 4.50
Enterprise Value to Free Cash Flow (EV/FCFF)		 61.28 36.77 29.50 30.73 31.02 0.00 108.85 52.06 21.39 - 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.21
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.21
Financial Leverage		 -0.59 -0.58 -0.59 -0.54 -0.56 -0.51 -0.51 -0.46 -0.50 - -0.22
Leverage Ratio		 1.43 1.39 1.41 1.38 1.36 1.34 1.36 1.31 1.34 - 1.47
Compound Leverage Factor		 1.43 1.39 1.41 1.38 1.36 1.34 1.36 1.31 1.34 - 1.47
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 17.08%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 17.08%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 82.92%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.45
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.07
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.45
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 1.02
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.15
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 1.02
Altman Z-Score		 6.53 7.88 6.39 7.05 6.37 6.83 5.94 6.01 4.97 - 2.08
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 3.30 3.55 3.17 3.69 3.46 3.34 2.89 3.27 2.99 - 1.74
Quick Ratio		 3.09 3.34 2.97 3.41 3.24 3.05 2.65 2.94 2.65 - 1.51
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 16 22 -2.87 -8.90 3.76 -80 -82 -55 -21 70 -231
Operating Cash Flow to CapEx		 1,840.60% 1,320.16% 1,042.72% 413.99% 1,047.81% 644.62% 930.54% 445.59% 1,045.37% - 456.68%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.27 1.32 1.35 1.38 1.39 1.41 1.45 1.49 1.49 - 1.47
Accounts Receivable Turnover		 9.09 9.62 9.42 9.02 8.85 9.37 9.40 9.37 9.51 - 9.46
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Fixed Asset Turnover		 17.26 18.33 18.71 18.84 19.03 19.56 19.51 18.74 17.92 - 16.81
Accounts Payable Turnover		 0.77 0.00 0.78 0.80 0.86 0.94 0.85 1.05 0.92 - 0.92
Days Sales Outstanding (DSO)		 40.15 37.95 38.73 40.48 41.25 38.96 38.82 38.97 38.39 - 38.59
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Days Payable Outstanding (DPO)		 475.54 0.00 470.45 455.60 423.65 389.73 429.38 348.81 395.84 - 397.86
Cash Conversion Cycle (CCC)		 -435.38 37.95 -431.72 -415.12 -382.40 -350.77 -390.56 -309.85 -357.45 - -359.27
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 313 308 301 351 343 426 404 445 400 392 651
Invested Capital Turnover		 4.41 4.33 4.59 4.16 4.25 3.85 4.08 3.65 3.95 - 2.78
Increase / (Decrease) in Invested Capital		 35 -1.56 11 39 30 118 102 95 57 -35 247
Enterprise Value (EV)		 2,431 2,800 2,277 2,108 1,950 2,229 2,084 1,887 1,634 - 1,492
Market Capitalization		 2,858 3,242 2,698 2,493 2,347 2,547 2,408 2,188 1,967 - 1,472
Book Value per Share		 $10.76 $10.95 $10.53 $10.90 $11.05 $11.30 $11.19 $11.69 $11.63 $11.56 $10.60
Tangible Book Value per Share		 $9.16 $9.32 $8.92 $9.28 $9.39 $8.42 $8.27 $8.71 $8.66 $8.55 $2.97
Total Capital		 740 750 722 735 740 744 728 746 733 711 761
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 130
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 130
Net Debt		 -427 -441 -421 -385 -397 -318 -324 -301 -334 -319 20
Capital Expenditures (CapEx)		 5.70 6.00 6.99 9.59 9.76 11 11 13 13 12 13
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 9.68 6.96 -5.19 41 23 44 21 53 33 24 18
Debt-free Net Working Capital (DFNWC)		 436 448 416 426 420 362 345 354 366 343 128
Net Working Capital (NWC)		 436 448 416 426 420 362 345 354 366 343 128
Net Nonoperating Expense (NNE)		 -7.46 -7.12 -5.77 -7.84 -5.16 -4.67 -4.00 -4.26 -3.61 -1.97 -1.53
Net Nonoperating Obligations (NNO)		 -427 -441 -421 -385 -397 -318 -324 -301 -334 -319 20
Total Depreciation and Amortization (D&A)		 24 22 20 20 19 22 22 22 21 24 23
Debt-free, Cash-free Net Working Capital to Revenue		 0.74% 0.52% -0.38% 2.96% 1.64% 3.12% 1.45% 3.62% 2.22% - 1.22%
Debt-free Net Working Capital to Revenue		 33.46% 33.53% 30.62% 30.90% 30.15% 25.63% 24.02% 24.37% 24.96% - 8.74%
Net Working Capital to Revenue		 33.46% 33.53% 30.62% 30.90% 30.15% 25.63% 24.02% 24.37% 24.96% - 8.74%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.84 $0.40 $0.21 $0.56 $0.57 $0.63 $0.37 $0.69 $0.62 $0.62 $0.30
Adjusted Weighted Average Basic Shares Outstanding		 69.03M 69.22M 68.56M 67.82M 67.22M 67.42M 65.26M 64.15M 63.03M 63.33M 58.82M
Adjusted Diluted Earnings per Share		 $0.79 $0.37 $0.20 $0.54 $0.56 $0.58 $0.36 $0.67 $0.61 $0.60 $0.30
Adjusted Weighted Average Diluted Shares Outstanding		 73.57M 73.60M 72.25M 70.44M 69.16M 70.61M 67.32M 65.68M 64.22M 65.09M 59.37M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 68.47M 68.28M 67.46M 66.91M 65.82M 65.03M 63.84M 63.06M 61.49M 59.52M 54.99M
Normalized Net Operating Profit after Tax (NOPAT)		 29 20 8.38 30 33 38 20 40 36 36 16
Normalized NOPAT Margin		 8.49% 5.93% 2.52% 8.46% 9.24% 10.38% 5.69% 10.75% 9.50% - 4.48%
Pre Tax Income Margin		 13.92% 9.87% 5.69% 14.02% 14.95% 16.60% 9.83% 15.92% 15.49% - 8.27%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Augmented Payout Ratio		 217.60% 201.67% 185.58% 161.57% 201.97% 189.07% 175.54% 172.30% 177.46% - 253.66%

Financials Breakdown Chart

Key Financial Trends

Yelp (NYSE:YELP) has shown solid profitability and cash generation over the last four years, supported by very high gross margins and ongoing investment in platform and growth initiatives. The main takeaway for retail investors is resilient profitability and liquidity, but with margin pressure from elevated marketing and development spend and persistent financing activity.

  • Gross margin has remained very strong, consistently around 90% across recent quarters, signaling durable profitability on revenue.
  • Cash flow from operations has been robust, with quarterly net cash from continuing operating activities typically in the high tens of millions (peaking around $131.5M in Q3 2025) and a trailing four‑quarter CFO near $372M.
  • Capital spending has been moderate and steady, with PPE purchases roughly in the $9–13M range per quarter, indicating ongoing platform and infrastructure investment without heavy capex burden.
  • Liquidity looks solid, with cash plus short‑term investments around $330M+ in 2025 and current assets well in excess of current liabilities (example: 550.3M vs 184.1M in Q3 2025), providing a cushion for quarterly volatility.
  • Revenue trended higher from 2022 through 2024 but shows a plateau in 2025, suggesting near‑term growth may be more modest.
  • Earnings per share have remained in a fairly tight range around $0.60 (basic) to $0.60–$0.62 (diluted) with only modest quarterly variation.
  • The balance sheet includes substantial intangible assets and goodwill, which could pose impairment risk if growth slows or competition intensifies, though current asset levels remain supportive.
  • Operating margins have compressed in 2025 due to elevated selling, general & administrative and marketing expenses, reducing efficiency versus 2024.
  • Financing activities have been negative in multiple quarters, driven by large share repurchases and other financing actions, resulting in meaningful cash outflows.
  • Quarterly cash balance and net change in cash have shown fluctuations, with a negative net change in cash in some periods (for example, a net cash decrease of about $15.2M in Q4 2025), signaling funding from operations is important to sustain liquidity and buyback activity.
05/14/26 03:29 PM ETAI Generated. May Contain Errors.

Yelp Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Yelp's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Yelp's net income appears to be on an upward trend, with a most recent value of $145.60 million in 2025, falling from -$32.90 million in 2015. The previous period was $132.85 million in 2024. View Yelp's forecast to see where analysts expect Yelp to go next.

Yelp's total operating income in 2025 was $184.52 million, based on the following breakdown:
  • Total Gross Profit: $1.32 billion
  • Total Operating Expenses: $1.14 billion

Over the last 10 years, Yelp's total revenue changed from $549.71 million in 2015 to $1.46 billion in 2025, a change of 166.5%.

Yelp's total liabilities were at $247.63 million at the end of 2025, a 3.4% increase from 2024, and a 300.6% increase since 2015.

In the past 10 years, Yelp's cash and equivalents has ranged from $170.28 million in 2019 to $595.88 million in 2020, and is currently $216.06 million as of their latest financial filing in 2025.

Over the last 10 years, Yelp's book value per share changed from 9.19 in 2015 to 11.56 in 2025, a change of 25.8%.


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Financial statements for NYSE:YELP last updated on 5/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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