YELP INC. (YELP) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 7, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the YELP SEC filings page.
YELP INC. (YELP) reported $1.5B in revenue over the twelve months to Jun 30, 2026, up 1.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Yelp’s high-margin model is converting improving operating results into cash while steadily shrinking its share base.
Between FY2023 and FY2025, operating margin rose from5.9% to12.6% while gross margin eased from91.5% to90.3% . Both major operating expense lines were lower in FY2025 than FY2023 despite higher revenue, pointing to tighter cost management below gross profit rather than a richer gross-profit mix.
FY2025 cash conversion was stronger than reported profit alone suggests: operating cash flow was
FY2025 financing cash flow was dominated by share repurchases, making capital return the main use of financing cash rather than balance-sheet expansion. The 2025 share count was
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of YELP INC.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
YELP INC. has an operating margin of 12.6%, meaning the company retains $13 of operating profit per $100 of revenue. This results in a moderate score of 64/100, indicating healthy but not exceptional operating efficiency. This is up from 10.7% the prior year.
YELP INC.'s revenue grew a modest 3.7% year-over-year to $1.5B. This slow but positive growth earns a score of 49/100.
YELP INC. carries a low D/E ratio of 0.35, meaning only $0.35 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 67/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.99, YELP INC. holds $2.99 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 78/100.
YELP INC. converts 22.1% of revenue into free cash flow ($323.7M). This strong cash generation earns a score of 87/100.
YELP INC. earns a strong 20.5% return on equity (ROE), meaning it generates $20 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 76/100. This is up from 17.9% the prior year.
YELP INC. scores 3.13, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($998.5M) relative to total liabilities ($247.6M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
YELP INC. passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, YELP INC. generates $2.56 in operating cash flow ($372.0M OCF vs $145.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
YELP INC. generated $375.5M in revenue in Q2 2026. This represents an increase of 1.4% from the same quarter a year earlier. Against the prior quarter it is up 3.9%.
YELP INC.'s EBITDA was $61.8M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 5.8% from the same quarter a year earlier. Against the prior quarter it is up 42.1%.
YELP INC. reported $31.7M in net income in Q2 2026. This represents a decrease of 28.2% from the same quarter a year earlier. Against the prior quarter it is up 78.5%.
YELP INC. earned $0.57 per diluted share (EPS) in Q2 2026. This represents a decrease of 14.9% from the same quarter a year earlier. Against the prior quarter it is up 90.0%.
Cash & Balance Sheet
YELP INC. generated $61.1M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 35.7% from the same quarter a year earlier. Against the prior quarter it is up 35.2%.
YELP INC. held $94.1M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
YELP INC.'s gross margin was 88.9% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 1.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.5 percentage points.
YELP INC.'s operating margin was 11.7% in Q2 2026, reflecting core business profitability. This is down 2.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.1 percentage points.
YELP INC.'s net profit margin was 8.4% in Q2 2026, showing the share of revenue converted to profit. This is down 3.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.5 percentage points.
YELP INC.'s ROE was 4.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.1 percentage points.
Capital Allocation
YELP INC. spent $50.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 24.2% from the same quarter a year earlier. Against the prior quarter it is down 59.7%.
YELP INC. invested $14.7M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 13.2% from the same quarter a year earlier. Against the prior quarter it is up 16.5%.
Not reported for Q2 2026.
YELP Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $375.5M+1.4% | $361.5M+0.8% | $360.0M-0.5% | $376.0M+4.4% | $370.4M+3.7% | $358.5M+7.7% | $362.0M+5.7% | $360.3M+4.4% |
| Cost of Revenue | $41.8M+17.9% | $38.4M+10.3% | $36.0M+8.3% | $36.3M+12.1% | $35.4M+15.5% | $34.8M+27.3% | $33.3M+12.3% | $32.4M+14.1% |
| Gross Profit | $333.7M-0.4% | $323.0M-0.2% | $324.0M-1.4% | $339.8M+3.6% | $334.9M+2.6% | $323.7M+6.0% | $328.7M+5.1% | $328.0M+3.5% |
| SG&A Expenses | $47.9M+3.3% | $49.4M-4.6% | $38.5M-15.4% | $45.5M-8.4% | $46.3M+3.8% | $51.7M+14.3% | $45.5M-31.9% | $49.6M+8.6% |
| Operating Income | $43.7M-17.9% | $27.3M-7.3% | $48.9M-8.5% | $52.9M+13.4% | $53.3M+34.1% | $29.5M+162.6% | $53.4M+113.6% | $46.7M+11.4% |
| EBITDA | $61.8M-5.8% | $43.5M+4.1% | $61.7M-5.0% | $65.4M+16.9% | $65.7M+33.1% | $41.8M+97.7% | $65.0M+84.0% | $56.0M+7.0% |
| Interest Expense | $1.6M+1219.0% | N/A | N/A | N/A | $121K | N/A | N/A | N/A |
| Income Tax | $12.8M-14.0% | $12.1M+12.1% | $13.8M-22.8% | $18.9M+22.5% | $14.9M+23.8% | $10.8M+126.4% | $17.8M+179.6% | $15.4M+251.6% |
| Net Income | $31.7M-28.2% | $17.7M-27.3% | $37.8M-10.5% | $39.3M+2.3% | $44.1M+15.9% | $24.4M+72.3% | $42.2M+54.1% | $38.4M-34.0% |
| EPS (Basic) | $0.57-17.4% | $0.30-18.9% | $0.62-1.6% | $0.62+8.8% | $0.69+23.2% | $0.37+76.2% | $0.63+57.5% | $0.57-32.1% |
| EPS (Diluted) | $0.57-14.9% | $0.30-16.7% | $0.610.0% | $0.61+8.9% | $0.67+24.1% | $0.36+80.0% | $0.61+64.9% | $0.56-29.1% |
| Diluted Shares (Avg) | 56M-15.2% | 59M-11.8% | N/A | 64M-7.2% | 66M-6.8% | 67M-6.8% | N/A | 69M-6.0% |
Not reported in any period shown, so not listed: R&D Expenses.
YELP Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $990.6M+1.1% | $1.0B+2.9% | $958.5M-2.6% | $989.9M+1.0% | $980.2M+1.6% | $985.2M-0.8% | $983.6M-3.1% | $980.2M-4.6% |
| Current Assets | $293.5M-42.4% | $302.0M-42.8% | $514.9M-0.4% | $550.3M-6.8% | $509.4M-12.7% | $527.7M-13.0% | $516.9M-17.2% | $590.2M-5.7% |
| Cash & Equivalents | $94.1M-52.4% | $110.4M-50.3% | $216.1M-0.6% | $231.1M-11.7% | $197.7M-21.7% | $222.0M-25.0% | $217.3M-30.8% | $261.6M-14.3% |
| Short-Term Investments | $0-100.0% | $0-100.0% | $103.3M+2.7% | $102.5M-24.3% | $103.4M-21.9% | $102.4M-17.9% | $100.6M-21.1% | $135.4M+11.5% |
| Accounts Receivable | $157.7M+1.1% | $152.2M-3.8% | $153.2M-1.4% | $153.5M-1.1% | $156.0M+1.4% | $158.2M+7.1% | $155.3M+6.3% | $155.1M-2.8% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $354.7M+159.8% | $355.6M+165.8% | $135.8M+3.7% | $135.7M+29.9% | $136.5M+33.2% | $133.8M+30.1% | $131.0M+26.1% | $104.4M+2.5% |
| Total Liabilities | $346.0M+48.0% | $382.2M+48.6% | $247.6M+3.4% | $256.7M+6.7% | $233.8M+1.8% | $257.2M-5.3% | $239.6M-9.7% | $240.7M-16.4% |
| Current Liabilities | $167.8M+7.8% | $173.7M-4.8% | $172.1M+11.0% | $184.1M+8.1% | $155.7M-1.5% | $182.4M-4.7% | $155.0M-11.9% | $170.4M-10.2% |
| Non-Current Liabilities | $178.2M+128.3% | $208.5M+178.8% | $75.6M-10.7% | $72.6M+3.3% | $78.0M+9.1% | $74.8M-6.8% | $84.6M-5.3% | $70.3M-28.3% |
| Total Equity | $644.5M-13.6% | $631.1M-13.3% | $710.9M-4.5% | $733.2M-0.9% | $746.4M+1.5% | $728.0M+0.8% | $744.0M-0.7% | $739.5M0.0% |
| Retained Earnings | -$1.4B-17.7% | -$1.4B-18.1% | -$1.3B-13.3% | -$1.2B-10.5% | -$1.2B-9.6% | -$1.2B-10.9% | -$1.1B-11.3% | -$1.1B-11.8% |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
YELP Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $75.8M+30.7% | $57.8M-41.0% | $84.5M+19.0% | $131.5M+28.6% | $58.0M+46.2% | $98.0M+34.5% | $71.0M-10.4% | $102.3M-2.4% |
| Depreciation & Amortization | $18.1M+46.5% | $16.2M+31.4% | $12.9M+11.1% | $12.5M+34.3% | $12.4M+29.0% | $12.3M+24.4% | $11.6M+12.3% | $9.3M-10.8% |
| Stock-Based Compensation | N/A | $30.5M-18.6% | N/A | $32.9M-16.7% | $34.8M-15.6% | $37.5M-12.3% | N/A | $39.5M-9.2% |
| Capital Expenditures | $14.7M+13.2% | $12.7M+20.2% | $12.2M+11.0% | $12.6M+28.9% | $13.0M+35.9% | $10.5M+50.7% | $11.0M+83.6% | $9.8M+71.4% |
| Free Cash Flow | $61.1M+35.7% | $45.2M-48.4% | $72.3M+20.5% | $118.9M+28.5% | $45.0M+49.5% | $87.5M+32.8% | $60.0M-18.1% | $92.5M-6.7% |
| Investing Cash Flow | -$15.4M-5.3% | -$167.9M-1298.7% | -$7.7M+82.1% | -$11.4M+0.3% | -$14.6M+12.2% | -$12.0M-87.5% | -$42.8M-421.1% | -$11.4M-2812.9% |
| Financing Cash Flow | -$77.1M-10.4% | $4.9M+106.0% | -$92.3M-30.3% | -$86.2M-4.4% | -$69.9M-4.9% | -$81.7M+2.5% | -$70.8M-11.4% | -$82.6M-17.4% |
| Share Buybacks | $50.0M-24.2% | $124.0M+98.4% | $87.5M+40.0% | $75.0M+14.1% | $66.0M+9.6% | $62.5M0.0% | $62.5M+25.0% | $65.7M+31.5% |
Not reported in any period shown, so not listed: Dividends Paid.
YELP Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 88.9%-1.5pp | 89.4%-0.9pp | 90.0%-0.8pp | 90.3%-0.7pp | 90.4%-1.0pp | 90.3%-1.5pp | 90.8%-0.5pp | 91.0%-0.8pp |
| Operating Margin | 11.7%-2.7pp | 7.5%-0.7pp | 13.6%-1.2pp | 14.1%+1.1pp | 14.4%+3.3pp | 8.2%+4.8pp | 14.8%+7.5pp | 13.0%+0.8pp |
| Net Margin | 8.4%-3.5pp | 4.9%-1.9pp | 10.5%-1.2pp | 10.5%-0.2pp | 11.9%+1.2pp | 6.8%+2.6pp | 11.7%+3.7pp | 10.7%-6.2pp |
| Return on Equity | 4.9%-1.0pp | 2.8%-0.5pp | 5.3%-0.4pp | 5.4%+0.2pp | 5.9%+0.7pp | 3.4%+1.4pp | 5.7%+2.0pp | 5.2%-2.7pp |
| Return on Assets | 3.2%-1.3pp | 1.8%-0.7pp | 3.9%-0.4pp | 4.0%+0.1pp | 4.5%+0.6pp | 2.5%+1.1pp | 4.3%+1.6pp | 3.9%-1.8pp |
| Current Ratio | 1.75-1.5x | 1.74-1.2x | 2.99-0.3x | 2.99-0.5x | 3.27-0.4x | 2.89-0.3x | 3.34-0.2x | 3.46+0.2x |
| Debt-to-Equity | 0.54+0.2x | 0.61+0.3x | 0.350.0x | 0.350.0x | 0.310.0x | 0.350.0x | 0.320.0x | 0.33-0.1x |
| Asset Turnover | 0.380.0x | 0.360.0x | 0.380.0x | 0.380.0x | 0.380.0x | 0.360.0x | 0.370.0x | 0.370.0x |
| FCF Margin | 16.3%+4.1pp | 12.5%-11.9pp | 20.1%+3.5pp | 31.6%+6.0pp | 12.2%+3.7pp | 24.4%+4.6pp | 16.6%-4.8pp | 25.7%-3.1pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| YELP INC. YELP | FY2025 | $1.5B | $145.6M | 9.9% | $998.5M | 70/100 |
| Upwork Inc. UPWK | FY2025 | $787.8M | $115.4M | 14.6% | $1.0B | 64/100 |
| RUM Group Inc. RUM | FY2025 | $100.6M | -$81.8M | -81.3% | $3.8B | 50/100 |
| Weibo Corporation WB | FY2025 | $1.8B | $449.0M | 25.6% | $1.6B | 77/100 |
| Genius Sports Limited GENI | FY2025 | $669.5M | -$111.6M | -16.7% | $1.7B | 49/100 |
| IAC Inc. IAC | FY2025 | $2.4B | -$104.0M | -4.3% | $3.1B | 33/100 |
Where YELP INC. Ranks
Frequently Asked Questions
What is YELP INC.'s annual revenue?
YELP INC. (YELP) reported $1.5B in total revenue for fiscal year 2025. This represents a 3.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is YELP INC.'s revenue growing?
YELP INC. (YELP) revenue grew by 3.7% year-over-year, from $1.4B to $1.5B in fiscal year 2025.
Is YELP INC. profitable?
Yes, YELP INC. (YELP) reported a net income of $145.6M in fiscal year 2025, with a net profit margin of 9.9%.
What is YELP INC.'s EBITDA?
YELP INC. (YELP) had EBITDA of $234.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is YELP INC.'s gross margin?
YELP INC. (YELP) had a gross margin of 90.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is YELP INC.'s operating margin?
YELP INC. (YELP) had an operating margin of 12.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is YELP INC.'s net profit margin?
YELP INC. (YELP) had a net profit margin of 9.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is YELP INC.'s return on equity (ROE)?
YELP INC. (YELP) has a return on equity of 20.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is YELP INC.'s free cash flow?
YELP INC. (YELP) generated $323.7M in free cash flow during fiscal year 2025. This represents a 30.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is YELP INC.'s operating cash flow?
YELP INC. (YELP) generated $372.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are YELP INC.'s total assets?
YELP INC. (YELP) had $958.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are YELP INC.'s capital expenditures?
YELP INC. (YELP) invested $48.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does YELP INC. spend on research and development?
YELP INC. (YELP) invested $297.8M in research and development during fiscal year 2025.
What is YELP INC.'s current ratio?
YELP INC. (YELP) had a current ratio of 2.99 as of fiscal year 2025, which is generally considered healthy.
What is YELP INC.'s debt-to-equity ratio?
YELP INC. (YELP) had a debt-to-equity ratio of 0.35 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is YELP INC.'s return on assets (ROA)?
YELP INC. (YELP) had a return on assets of 15.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is YELP INC.'s P/E ratio?
YELP INC. (YELP) trades at 7.9x earnings, its market capitalization divided by net income of $126.5M net income, trailing 12 months to June 30, 2026. The market capitalization is $998.5M as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is YELP INC.'s price-to-sales ratio?
YELP INC. (YELP) trades at 0.7x sales, its market capitalization divided by revenue of $1.5B revenue, trailing 12 months to June 30, 2026. The market capitalization is $998.5M as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is YELP INC.'s Altman Z-Score?
YELP INC. (YELP) has an Altman Z-Score of 3.13, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is YELP INC.'s Piotroski F-Score?
YELP INC. (YELP) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are YELP INC.'s earnings high quality?
YELP INC. (YELP) has an earnings quality ratio of 2.56x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is YELP INC.?
YELP INC. (YELP) scores 70 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.