10-K - Yelp Inc. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Yelp Inc. reported record annual revenue of $1.46 billion for FY 2025, achieving profitable growth with net income of $145.6 million. The company generated strong operating cash flow of $372.0 million, which supported significant capital allocation including $290.9 million in stock repurchases. However, the business faced challenges from adverse macroeconomic conditions, particularly impacting its Restaurants, Retail & Other (RR&O) categories, where advertising revenue decreased 6% year-over-year. Management expects these challenges to persist into 2026, negatively impacting results. The company ended the year with $958.5 million in total assets, $247.6 million in total liabilities, and $710.9 million in stockholders' equity, maintaining a solid liquidity position.

Key Takeaways

1Record annual revenue of $1.46 billion with net income of $145.6 million.

2Operating cash flow of $372.0 million supported $290.9 million in stock repurchases.

3RR&O advertising revenue decreased 6% year-over-year due to macroeconomic challenges.

4Total assets of $958.5 million with stockholders' equity of $710.9 million.

5Basic and diluted EPS both at $2.00 per share for FY 2025.

Key Financial Metrics

EPS

$2.00

$2.00 prior year

Revenue

$1.46B

Net Income

$145.6M

Gross Margin

90.2%

N/A

Gross Profit

$1.32B

N/A

free cash flow

$326.3M

Operating Income

$184.5M

operating margin

12.6%

Business Segments

Restaurants, Retail & Other (RR&O)Advertising revenue decreased 6% year-over-year in 2025.

N/A-6% YoY

ServicesDemand was more muted than typical through Q3 and decreased sequentially in Q4 2025.

N/AN/A