YELP INC
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.46B | $1.41B | $1.31B | $1.19B | $1.02B | $872.9M | $1.01B | $944.0M |
| Advertising | — | — | $1.25B | $1.13B | $957.0M | — | $949.0M | $881.0M |
| Transactions | — | — | $0 | $0 | $0 | — | $0 | $0 |
| Other | — | — | $64.0M | $59.0M | $67.0M | — | $63.0M | $63.0M |
| Cost of Revenue | — | — | — | $105.7M | $78.1M | $57.2M | $62.4M | $57.9M |
| Gross Profit | — | — | — | $1.08B | $945.9M | $815.7M | $949.6M | $886.1M |
| Gross Margin | — | — | — | 91.1% | 92.4% | 93.4% | 93.8% | 93.9% |
| Operating Expenses | ||||||||
| Research & Development | $297.8M | $310.5M | $320.6M | $294.5M | $265.2M | $230.1M | $225.5M | $205.8M |
| SG&A Expense | $182.0M | $185.0M | $212.4M | $164.1M | $135.8M | $130.5M | $136.1M | $120.6M |
| Operating Income | $184.5M | $151.0M | $79.0M | $58.4M | $31.5M | $-38.8M | $35.5M | $25.9M |
| Operating Margin | 12.6% | 10.7% | 6.0% | 4.9% | 3.1% | -4.4% | 3.5% | 2.7% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $204.0M | $183.0M | $105.1M | $66.8M | $33.7M | $-35.1M | $49.8M | $40.0M |
| Income Tax Expense | $58.4M | $50.1M | $5.9M | $30.4M | $-6.0M | $-15.7M | $8.9M | $-15.3M |
| Net Income | $145.6M | $132.9M | $99.2M | $36.3M | $39.7M | $-19.4M | $40.9M | $55.4M |
| Net Margin | 9.9% | 9.4% | 7.6% | 3.1% | 3.9% | -2.2% | 4.0% | 5.9% |
| EPS (Basic) | $2.30 | $1.97 | $1.43 | $0.51 | $0.53 | $-0.27 | $0.55 | $0.66 |
| EPS (Diluted) | $2.24 | $1.88 | $1.35 | $0.50 | $0.50 | $-0.27 | $0.52 | $0.62 |
| Shares Outstanding (Basic) | 63.3M | 67.4M | 69.2M | 70.9M | 74.2M | 73.0M | 74.6M | 83.6M |
| Shares Outstanding (Diluted) | 65.1M | 70.6M | 73.6M | 73.4M | 78.6M | 73.0M | 78.0M | 88.7M |
| Dividends Per Share | — | — | — | — | — | — | — | — |