Yelp Inc (YELP) Financial Statements
Industry: Personal Services (Services)
In fiscal 2025, Yelp reported revenue of $1.46B, up 3.7% from $1.41B the year before. Net income was $145.6M (a 9.9% net margin), or $2.24 per diluted share. Gross margin was 12.6% and operating margin was 12.6%. Operating activities generated $372.0M of cash, leaving $323.7M of free cash flow. At fiscal year end, Yelp held $958.5M in total assets against $247.6M in total liabilities, including $216.1M of cash and equivalents.
Open the full interactive Yelp financials → Quarterly statements, key ratios, valuation history and price charts.
Yelp Key Stats
| Share Price | $18.92 |
|---|---|
| Market Cap | $1.05B |
| P/E Ratio | 8.4 |
| Revenue YoY Growth | +3.8% |
| 52-Week Range | $17.59 – $33.83 |
| Shares Outstanding | 55.3 million (basic, 2026 Q2) |
Yelp Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $872.9M | $1.03B | $1.19B | $1.34B | $1.41B | $1.46B |
| Cost of Goods Sold | $911.7M | $1.00B | $1.14B | $1.26B | $1.26B | $1.28B |
| Gross Profit | $815.7M | $953.7M | $1.09B | $79.0M | $151.0M | $184.5M |
| Operating Income | -$38.8M | $31.5M | $58.4M | $79.0M | $151.0M | $184.5M |
| Pre-Tax Income | -$35.1M | $33.7M | $66.8M | $105.1M | $183.0M | $204.0M |
| Income Tax | -$15.7M | -$6.0M | $30.4M | $5.9M | $50.1M | $58.4M |
| Net Income | -$19.4M | $39.7M | $36.3M | $99.2M | $132.8M | $145.6M |
| Diluted EPS | -$0.27 | $0.50 | $0.50 | $1.35 | $1.88 | $2.24 |
Yelp Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $376.0M | $360.0M | $361.5M | $375.5M |
| Net Income | $39.3M | $37.8M | $17.7M | $31.7M |
| Diluted EPS | $0.61 | $0.58 | $0.30 | $0.57 |
Yelp Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $595.9M | $479.8M | $306.4M | $313.9M | $217.3M | $216.1M |
| Current Assets | $712.7M | $644.7M | $596.0M | $624.2M | $516.9M | $514.9M |
| Total Assets | $1.15B | $1.05B | $1.02B | $1.01B | $983.6M | $958.5M |
| Current Liabilities | $143.0M | $164.0M | $182.8M | $175.9M | $155.0M | $172.1M |
| Total Liabilities | $300.4M | $299.2M | $305.6M | $265.2M | $239.6M | $247.6M |
| Shareholders' Equity | $854.5M | $751.3M | $710.3M | $749.5M | $744.0M | $710.9M |
Yelp Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $176.7M | $212.7M | $192.3M | $306.3M | $285.8M | $372.0M |
| Cash From Investing | $248.4M | -$27.6M | -$126.1M | -$54.7M | -$77.3M | -$45.7M |
| Cash From Financing | -$21.1M | -$300.5M | -$237.5M | -$246.8M | -$303.8M | -$330.0M |
| Free Cash Flow | $144.7M | $184.4M | $160.3M | $279.4M | $248.5M | $323.7M |
Figures from Yelp's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Yelp financials page for every line item.
Yelp Company Profile
| Ticker | YELP |
|---|---|
| Exchange | NYSE |
| Industry | Personal Services (Services) |
| Headquarters | San Francisco, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001345016 |
Frequently Asked Questions
What was Yelp's revenue in fiscal 2025?
Yelp (YELP) reported revenue of $1.46B for fiscal 2025.
What is Yelp's annual revenue history?
Yelp's annual revenue by fiscal year: 2020: $872.9M; 2021: $1.03B; 2022: $1.19B; 2023: $1.34B; 2024: $1.41B; 2025: $1.46B.
What was Yelp's net income in fiscal 2025?
Yelp reported net income of $145.6M for fiscal 2025.
What was Yelp's earnings per share (EPS) in fiscal 2025?
Yelp's diluted EPS was $2.24 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Yelp generate in fiscal 2025?
Yelp generated $323.7M of free cash flow in fiscal 2025.
What was Yelp's revenue last quarter?
In its most recent reported quarter (2026 Q2), Yelp reported revenue of $375.5M.
How many shares of Yelp are outstanding?
Yelp reported a weighted average of 55.3 million basic shares outstanding in 2026 Q2.
What is Yelp's market cap?
Based on its latest closing price, Yelp (YELP) has a market capitalization of about $1.05B.
When does Yelp's fiscal year end?
Yelp's fiscal year end, as registered with the SEC, is December 31.
Where is Yelp headquartered?
Yelp lists its business address in San Francisco, California in its SEC filings.