YELP · Yelp Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.46B | $1.41B | $1.34B | $1.19B | $1.03B | $872.93M |
| Cost of Revenue | - | - | - | $105.70M | $78.10M | $57.19M |
| Gross Profit | - | - | - | $1.09B | $953.74M | $815.75M |
| R&D | $297.80M | $310.50M | $320.60M | $294.50M | $265.20M | $230.10M |
| SG&A | $181.95M | $184.96M | $212.43M | $164.11M | $135.82M | $130.45M |
| Total Operating Expenses | $1.28B | $1.26B | $1.26B | $1.14B | $1.00B | $911.73M |
| D&A | $50.09M | $40.41M | $42.18M | $44.85M | $55.68M | $50.61M |
| Operating Income | $184.52M | $151.04M | $79.04M | $58.35M | $31.51M | ($38.80M) |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $58.43M | $50.11M | $5.91M | $30.43M | ($5.95M) | ($15.70M) |
| Net Income | $145.60M | $132.85M | $99.17M | $36.35M | $39.67M | ($19.42M) |
| EPS - Basic | $2.30 | $1.97 | $1.43 | $0.51 | $0.53 | ($0.27) |
| EPS - Diluted | $2.24 | $1.88 | $1.35 | $0.50 | $0.50 | ($0.27) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $216.06M | $217.32M | $313.91M | $306.38M | $479.78M | $595.88M |
| Accounts Receivable | $153.22M | $155.32M | $146.15M | $131.90M | $107.36M | $88.40M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $9.79M | $11.90M | $11.87M | $14.53M | $16.13M | $8.85M |
| Current Assets | $514.93M | $516.88M | $624.22M | $595.99M | $644.68M | $712.73M |
| Total Assets | $958.48M | $983.57M | $1.01B | $1.02B | $1.05B | $1.15B |
| Current Liabilities | $172.06M | $154.97M | $175.86M | $182.82M | $164.01M | $143.03M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $247.63M | $239.60M | $265.19M | $305.60M | $299.21M | $300.41M |
| Stockholders' Equity | $710.85M | $743.97M | $749.53M | $710.32M | $751.32M | $854.53M |
| Retained Earnings | ($1.29B) | ($1.14B) | ($1.02B) | ($923.82M) | ($760.16M) | ($533.94M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $372.03M | $285.81M | $306.28M | $192.31M | $212.66M | $176.70M |
| Investing Cash Flow | ($45.65M) | ($77.27M) | ($54.68M) | ($126.14M) | ($27.65M) | $248.36M |
| Financing Cash Flow | ($330.05M) | ($303.80M) | ($246.78M) | ($237.53M) | ($300.49M) | ($21.05M) |
| CapEx | $48.35M | $37.35M | $26.85M | $31.98M | $28.28M | $32.00M |
| Free Cash Flow | $323.68M | $248.47M | $279.43M | $160.33M | $184.37M | $144.70M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | 91.1% | 92.4% | 93.4% |
| Operating margin | 12.6% | 10.7% | 5.9% | 4.9% | 3.1% | -4.4% |
| EBITDA margin | 16.0% | 13.6% | 9.1% | 8.6% | 8.5% | 1.4% |
| Net margin | 9.9% | 9.4% | 7.4% | 3.0% | 3.8% | -2.2% |
| Free cash flow margin | 22.1% | 17.6% | 20.9% | 13.4% | 17.9% | 16.6% |
| FCF / Net income | 2.22 | 1.87 | 2.82 | 4.41 | 4.65 | -7.45 |
| R&D / Revenue | 20.3% | 22.0% | 24.0% | 24.7% | 25.7% | 26.4% |
| SG&A / Revenue | 12.4% | 13.1% | 15.9% | 13.8% | 13.2% | 14.9% |
| Effective tax rate | 28.6% | 27.4% | 5.6% | 45.6% | -17.7% | - |
| Return on assets | 15.2% | 13.5% | 9.8% | 3.6% | 3.8% | -1.7% |
| Return on equity | 20.5% | 17.9% | 13.2% | 5.1% | 5.3% | -2.3% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 2.99 | 3.34 | 3.55 | 3.26 | 3.93 | 4.98 |
| Quick ratio | 2.99 | 3.34 | 3.55 | 3.26 | 3.93 | 4.98 |
| Cash ratio | 1.26 | 1.40 | 1.78 | 1.68 | 2.93 | 4.17 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 1.35 | 1.32 | 1.35 | 1.43 | 1.40 | 1.35 |
| Liabilities / Assets | 0.26 | 0.24 | 0.26 | 0.30 | 0.28 | 0.26 |
| Efficiency | ||||||
| Asset turnover | 1.53 | 1.44 | 1.32 | 1.17 | 0.98 | 0.76 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 38d | 40d | 40d | 40d | 38d | 37d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | 50d | 75d | 57d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 13.6x | 20.6x | 35.1x | 54.7x | 72.5x | - |
| P / B | 2.8x | 3.7x | 4.6x | 2.8x | 3.8x | 2.8x |
| P / S | 1.4x | 1.9x | 2.6x | 1.7x | 2.8x | 2.7x |
| EV / EBITDA | 7.5x | 13.1x | 26.2x | 16.5x | 27.2x | 151.4x |
| Growth | ||||||
| Revenue growth (YoY) | 3.7% | 5.6% | 12.0% | 15.7% | 18.2% | -13.9% |
| Revenue CAGR (3y) | 7.1% | 11.0% | 15.3% | 5.6% | 13.0% | 1.0% |
| Revenue CAGR (5y) | 10.9% | 6.8% | 13.3% | 7.1% | 7.7% | 9.7% |
| Gross profit growth (YoY) | - | - | - | 14.1% | 16.9% | -14.3% |
| Operating income growth (YoY) | 22.2% | 91.1% | 35.5% | 85.2% | - | - |
| Net income growth (YoY) | 9.6% | 34.0% | 172.9% | -8.4% | - | - |
| EPS growth (YoY) | 19.1% | 39.3% | 170.0% | 0.0% | - | - |
| EPS CAGR (3y) | 64.9% | 55.5% | - | -1.3% | -6.9% | - |
| EPS CAGR (5y) | - | 29.3% | 16.8% | -22.2% | - | - |
| FCF growth (YoY) | 30.3% | -11.1% | 74.3% | -13.0% | 27.4% | -13.5% |
| FCF CAGR (5y) | 17.5% | 8.2% | 15.6% | 7.6% | 12.2% | 40.7% |
| Book value growth (YoY) | -4.5% | -0.7% | 5.5% | -5.5% | -12.1% | 13.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.46B totalReportable Segment$1.46B · 100.0%
Product / service
$2.86B totalAdvertising$1.39B · 48.7%
Advertising Services$947.56M · 33.2%
Advertising Restaurants And Other$443.70M · 15.5%
Other Revenue$73.69M · 2.6%
Geographic
$1.46B totalUS$1.46B · 99.3%
Non Us$9.70M · 0.7%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
2.44
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Services-Personal Services
Comparing YELP INC against the 5 most active filers in the same SIC group.