Short answer
YELP INC (YELP) filed its fiscal 2025 10-K annual report with the SEC on Feb 27, 2026. It reported revenue of $1.5B (+3.7% year over year) and net income of $146M.
- Top risk flagged: Regulatory risk: Uncertain impact of the OBBBA tax law on 2025+ income tax payments, with $53M in uncertain tax positions pending assessment
FY2025 key financial metrics · XBRL
- Revenue
- $1.5B
- +3.7% YoY
- Net income
- $146M
- +9.6% YoY
- Operating margin
- 12.6%
- +1.9 pp YoY
- EPS (diluted)
- $2.24
- +19.1% YoY
- ROE
- 20.5%
- +2.6 pp YoY
- Operating cash flow
- $372M
- +30.2% YoY
Source: XBRL data from the YELP INC (YELP) FY2025 10-K on SEC EDGAR. USD.
YELP INC FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Online local business advertising platform monetizing user activity via pay-for-performance ads and business page upgrades
- New emphasis on growth in Services category, including integration of RepairPal, contributing 2 percentage points to advertising revenue growth
- Strategic shift toward distributed remote workforce for greater flexibility and expanded talent pool across North America and Europe
- Active claimed local business locations up 8% to 8.4 million; Services paying advertising locations grew 2%, while RR&O declined 8% due to economic pressures
- Advertising revenue rose 3% to $1.39B driven by Services category and 9% increase in average CPC despite 3% decline in ad clicks under challenging market conditions
Management Discussion & Analysis
- No cash flow, buyback, dividend, or capex information present
- No forward-looking outlook, guidance, or risk discussion available
Risk Factors
- Regulatory risk: Uncertain impact of the OBBBA tax law on 2025+ income tax payments, with $53M in uncertain tax positions pending assessment
- Macroeconomic threat: Potential need to draw additional funds under credit facility due to uncertain macroeconomic environment affecting liquidity
- Operational risk: $147.1M off-balance sheet purchase obligations for critical website hosting services, with $92.6M due within 12 months
- Market disruption risk: Stock repurchase program continues with $513.7M available; repurchases may be affected by liquidity and market conditions
- Financial risk: $270M acquisition of Hatch plus $30M in employee retention packages create extended cash outlay commitment over next 2-3 years
Generated from the filing text; verify against the original. How to read a 10-K
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