YELP INC

Listed Company

YELPCIK 0001345016NYSELarge AcceleratedServices-Personal ServicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.46B

Net Income

$145.60M

Total Assets

$958.48M

Equity

$710.85M

Shares Out

54.99M

Op. Cash Flow

$372.03M

YELP$26.24−24.23% · past yearDBEQ Basic

Daily closing prices

Business

Yelp Inc operates a local-commerce platform that connects consumers with businesses through user-generated reviews and ratings. The company generates the vast majority of revenue from advertising products sold to businesses of all sizes, complemented by subscription and licensing services. Yelp serves the U.S. market primarily through its website and mobile apps, with advertising delivered via direct sales teams, self-serve channels, and partner agencies.

Summary from 10-K filed 2026-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net revenue	1,465	1,412	1,337	1,194	1,032
Cost of revenue (exclusive of depreciation and amortization and stock-based compensation)	143	124	114	106	78
Sales and marketing	592	586	557	515	454
Product development	314	326	333	306	276
General and administrative	182	185	212	164	136
Depreciation and amortization	50	40	42	45	56
Total costs and expenses	1,280	1,261	1,258	1,135	1,000
Income from operations	185	151	79	58	32
Other income, net	20	32	26	8	2
Income before income taxes	204	183	105	67	34
Provision for income taxes	58	50	6	30	−6
Net income attributable to common stockholders	146	133	99	36	40
Basic (in dollars per share)	2.3	1.97	1.43	0.51	0.53
Diluted (in dollars per share)	2.24	1.88	1.35	0.5	0.5
Basic (in shares)	63	67	69	71	74
Diluted (in shares)	65	71	74	73	79

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	216	217	314	306	480
Short-term marketable securities	103	101	127	94	0
Accounts receivable (net of allowance for credit losses of $13,782 and $15,301 at December 31, 2025 and 2024, respectively)	153	155	146	132	107
Prepaid expenses and other current assets	42	44	37	63	58
Total current assets	515	517	624	596	645
Property, equipment and software, net	92	76	69	77	84
Operating lease right-of-use assets	16	24	49	97	141
Goodwill	136	131	104	102	105
Intangibles, net	49	59	8	9	11
Other non-current assets	151	177	162	134	65
Total assets	958	984	1,015	1,016	1,051
Accounts payable and accrued liabilities	159	131	133	138	120
Operating lease liabilities current	7	21	39	40	40
Deferred revenue	6	3	4	5	4
Total current liabilities	172	155	176	183	164
Operating lease liabilities long-term	17	22	48	87	128
Other long-term liabilities	58	62	41	36	7
Total liabilities	248	240	265	306	299
Commitments and contingencies (Note 12)	—	—	—	—	—
Preferred stock, undesignated, 10,000 shares authorized, none issued	0	0	—	—	—
Common stock, $0.000001 par value 200,000 shares authorized, 59,987 and 65,792 shares issued; 59,954 and 65,691 shares outstanding at December 31, 2025 and 2024, respectively	0	0	0	0	0
Additional paid-in capital	2,011	1,904	1,787	1,650	1,523
Treasury stock	−999,000	−4	−282,000	0	0
Accumulated other comprehensive loss	−8	−15	−12	−16	−11
Accumulated deficit	−1,291	−1,140	−1,025	−924	−760
Total stockholders equity	711	744	750	710	751
Total liabilities and stockholders equity	958	984	1,015	1,016	1,051

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Provision for credit losses	43	46	41	25	15
Stock-based compensation	134	158	173	156	152
Amortization of right-of-use assets	10	15	28	33	39
Deferred income taxes	25	−25	−22	−57	−9
Amortization of deferred contract cost	28	25	24	19	15
Asset impairment	0	6	24	11	11
Wrote off of capitalized website and internal-use software costs	3	3	1	—	—
Other adjustments, net	−491,000	−5	−2	1	392,000
Accounts receivable	−42	−51	−55	−50	−34
Prepaid expenses and other assets	−27	−24	−5	−36	−49
Operating lease liabilities	−21	−39	−40	−40	−41
Accounts payable, accrued liabilities and other liabilities	23	5	−3	49	30
Net cash provided by operating activities	372	286	306	192	213
Purchases of marketable securities available-for-sale	−80	−94	−148	−127	0
Sales and maturities of marketable securities available-for-sale	79	123	118	33	0
Purchases of other investments	−700,000	−3	0	0	0
Maturities of other investments	5	0	3	0	0
Acquisition, net of cash received	0	−66	0	0	—
Purchases of property, equipment and software	−48	−37	−27	−32	−28
Other investing activities	114,000	−10,000	195,000	94,000	632,000
Net cash used in investing activities	−46	−77	−55	−126	−28
Proceeds from issuance of common stock for employee stock-based plans	20	21	40	23	25
Taxes paid related to the net share settlement of equity awards	−57	−73	−85	−61	−63
Repurchases of common stock	−291	−251	−200	−200	−263
Excise tax paid on net stock repurchases	−1	−282,000	0	—	—
Payment of issuance costs for credit facility	−656,000	0	−1	0	0
Net cash used in financing activities	−330	−304	−247	−238	−300
Effect of exchange rate changes on cash, cash equivalents and restricted cash	2	−1	2	−2	−415,000
Change in cash, cash equivalents and restricted cash	−1	−96	7	−174	−116
Purchases of property, equipment and software recorded in accounts payable and accrued liabilities	2	2	914,000	956,000	2
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities	2	263,000	0	50,000	36
Repurchases of common stock recorded in accounts payable and accrued liabilities	999,000	1	2	2	2
Acquisition holdback consideration not yet paid	0	14	0	—	—

Filings

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Frequently asked questions

What is YELP INC's CIK number?

YELP INC's SEC CIK number is 0001345016 (1345016). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find YELP INC's SEC filings?

All of YELP INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did YELP INC last report earnings?

YELP INC (YELP) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001345016-26-000037). This is YELP INC's most recent earnings filing of record — not a forecast of its next earnings date.

What is YELP INC's most recent earnings 8-K?

YELP INC's latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001345016-26-000037. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View YELP INC's latest earnings 8-K →
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