YELP INCYELP

YELP INC Goodwill & Intangibles Disclosure

10-KFiled Feb 27, 20262 min read
GOODWILL AND INTANGIBLE ASSETS
The Company’s goodwill is the result of its acquisitions of other businesses and represents the excess of purchase consideration over the fair value of assets acquired and liabilities assumed. The Company performed its annual goodwill impairment analysis on August 31, 2025 and concluded that goodwill was not impaired, as the fair value of the reporting unit
exceeded its carrying value. Additionally, no triggering events were identified as of December 31, 2025 that would more likely than not reduce the fair value of goodwill below its carrying value.
The change in the carrying amount of goodwill during the years ended December 31, 2025 and 2024 were as follows (in thousands):
Year Ended December 31,
20252024
Balance, beginning of period$130,980 $103,886 
Goodwill acquired(944)29,769 
Effect of currency translation5,811 (2,675)
Balance, end of period$135,847 $130,980 
Intangible assets that were not fully amortized as of December 31, 2025 and 2024 consisted of the following (dollars in thousands):
December 31, 2025
Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Weighted
Average
Remaining
Life
Business relationships$45,918 $(13,390)$32,528 7.6 years
Developed technology22,309 (11,494)10,815 3.3 years
Licensing agreements6,141 (3,453)2,688 4.2 years
Domain and data licenses3,324 (2,999)325 3.6 years
Trademarks3,877 (1,195)2,682 9.8 years
Total $81,569 $(32,531)$49,038 
December 31, 2024
Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Weighted
Average
Remaining
Life
Business relationships$45,918 $(7,759)$38,159 8.3 years
Developed technology22,309 (8,250)14,059 4.3 years
Licensing agreements6,141 (2,808)3,333 5.2 years
Domain and data licenses3,194 (2,912)282 4.4 years
Trademarks3,877 (923)2,954 10.8 years
Total$81,439 $(22,652)$58,787 
Amortization expense related to intangible assets for the years ended December 31, 2025, 2024 and 2023 was $9.9 million, $2.8 million and $1.4 million, respectively.
As of December 31, 2025, estimated future amortization expense was as follows (in thousands):
2026$9,861 
20279,861 
20289,465 
20294,688 
20302,908 
Thereafter12,255 
   Total amortization $49,038 

About Goodwill & Intangibles Disclosures

Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.

Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.

Other Available Disclosures

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