YALA

MKT CAP:$1B

Yalla Group Limited

Market Cap

$1B

Technology·Software - Application· AE·NYSE

Technology·Software App·NYSE

Stock Price

$6.90-$0.16 (-2.27%)

Apr 21, 2026

Company Details

Yalla Group Limited operates a voice-centric social networking and entertainment platform under the Yalla name primarily in the Middle East and North Africa region. Its platform offers group chatting and games services; and sells virtual it...

CEO

Tao Yang

IPO Date

Sep 30, 2020

Website

yallagroup.com

Key Metrics TTM

Revenue

$342M

+0.7% YoY

Net Income

$150M

EPS (Diluted)

$0.83

Free Cash Flow

$0

Revenue / Share

$1.92

Gross Margin

67.3%

Operating Margin

35.7%

Net Margin

43.8%

FCF Margin

0.0%

P/S

3.0x

P/E

6.9x

Earnings Reports

FY 2025

Dec 30, 2025

$342MEPS $0.83

Q4 2025

Mar 10, 2026

$84M-7.7%EPS $0.20

Q3 2025

Nov 12, 2025

$90M+0.8%EPS $0.23

Q2 2025

Aug 12, 2025

$85M+4.1%EPS $0.20

Q1 2025

Mar 31, 2025

$84M+6.5%EPS $0.20

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$72M	$45M	$18M
Q2 22	$76M	$47M	$21M
Q3 22	$80M	$50M	$24M
Q4 22	$75M	$48M	$15M
Q1 23	$74M	$46M	$17M
Q2 23	$79M	$51M	$24M
Q3 23	$85M	$57M	$32M
Q4 23	$81M	$50M	$23M
Q1 24	$79M	$50M	$29M
Q2 24	$81M	$52M	$30M
Q3 24	$89M	$57M	$32M
Q4 24	$91M	$60M	$30M
Q1 25	$84M	$55M	$31M
Q2 25	$85M	$57M	$31M
Q3 25	$90M	$61M	$34M
Q4 25	$84M	$58M	$27M

Valuation

Quarter	P/S	P/E
Q1 22	3.0x	10.3x
Q2 22	2.5x	8.7x
Q3 22	1.7x	6.2x
Q4 22	2.1x	8.1x
Q1 23	2.0x	7.5x
Q2 23	2.3x	7.8x
Q3 23	2.7x	8.2x
Q4 23	3.0x	8.1x
Q1 24	2.4x	6.1x
Q2 24	2.2x	5.5x
Q3 24	2.2x	5.4x
Q4 24	2.1x	5.4x
Q1 25	2.4x	5.9x
Q2 25	3.1x	7.3x
Q3 25	3.4x	8.0x
Q4 25	3.7x	8.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	$0	$0
Q1 22	$0	$0
Q2 22	$0	$0
Q3 22	$0	$0
Q4 22	$0	$0
Q1 23	$0	$0
Q2 23	$0	$0
Q3 23	$0	$0
Q4 23	$0	$0
Q1 24	$0	$0
Q2 24	$0	$0
Q3 24	$0	$0
Q4 24	$0	$0
Q1 25	$0	$0
Q2 25	$0	$0
Q3 25	$0	$0

Capital Expenditures

Quarter	CapEx
Q4 21	$0
Q1 22	$0
Q2 22	$0
Q3 22	$0
Q4 22	$0
Q1 23	$0
Q2 23	$0
Q3 23	$0
Q4 23	$0
Q1 24	$0
Q2 24	$0
Q3 24	$0
Q4 24	$0
Q1 25	$0
Q2 25	$0
Q3 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+6.9%	+14.0%
Q2 22	+14.2%	+15.3%
Q3 22	+12.3%	+22.0%
Q4 22	+11.2%	+21.9%
Q1 23	+1.6%	+5.0%
Q2 23	+4.1%	+0.3%
Q3 23	+6.4%	-5.0%
Q4 23	+7.7%	-4.1%
Q1 24	+7.1%	-12.7%
Q2 24	+2.5%	-6.8%
Q3 24	+4.4%	+6.9%
Q4 24	+12.2%	+5.3%
Q1 25	+6.5%	+6.2%
Q2 25	+4.1%	+4.6%
Q3 25	+0.8%	-1.0%
Q4 25	-7.7%	-5.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$0	0.0%
Q1 22	$8M	11.4%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$4M	5.3%
Q2 24	$4M	4.8%
Q3 24	$3M	3.9%
Q4 24	$3M	3.5%
Q1 25	$3M	3.3%
Q2 25	$3M	3.4%
Q3 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 22	$6M	$8M	$13M	—
Q2 22	$8M	$7M	$11M	—
Q3 22	$5M	$9M	$12M	—
Q4 22	$5M	$13M	$14M	—
Q1 23	$7M	$10M	$11M	—
Q2 23	$7M	$9M	$11M	—
Q3 23	$6M	$7M	$11M	—
Q4 23	$5M	$11M	$10M	—
Q1 24	$6M	$7M	$8M	—
Q2 24	$6M	$8M	$8M	—
Q3 24	$7M	$10M	$7M	—
Q4 24	$9M	$13M	$7M	—
Q1 25	$8M	$9M	$7M	—
Q2 25	$8M	$9M	$9M	—
Q3 25	$9M	$9M	$10M	—
Q4 25	$9M	—	—	$21M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 22	6.9%	25.8%	32.7
Q2 22	14.2%	27.8%	42.0
Q3 22	12.3%	30.9%	43.2
Q4 22	11.2%	20.5%	31.7
Q1 23	1.6%	23.4%	25.0
Q2 23	4.1%	30.6%	34.7
Q3 23	6.4%	38.4%	44.8
Q4 23	7.7%	37.3%	45.0
Q1 24	7.1%	37.1%	44.2
Q2 24	2.5%	37.4%	39.8
Q3 24	4.4%	37.1%	41.5
Q4 24	12.2%	33.7%	46.0
Q1 25	6.5%	37.6%	44.1
Q2 25	4.1%	37.3%	41.5
Q3 25	0.8%	47.6%	48.4
Q4 25	-7.7%	31.7%	24.1

Rule of 40

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$367M	$6M	$373M
Q2 22	$385M	$11M	$396M
Q3 22	$391M	$25M	$417M
Q4 22	$407M	$46M	$453M
Q1 23	$436M	$36M	$471M
Q2 23	$306M	$205M	$511M
Q3 23	$267M	$277M	$545M
Q4 23	$312M	$223M	$536M
Q1 24	$297M	$186M	$482M
Q2 24	$290M	$239M	$528M
Q3 24	$349M	$221M	$570M
Q4 24	$488M	$166M	$654M
Q1 25	$432M	$257M	$689M
Q2 25	$343M	$360M	$703M
Q3 25	$423M	$315M	$738M
Q4 25	$529M	$226M	$755M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	177M	-0.2%	-1.9%
Q2 22	175M	-0.8%	-4.0%
Q3 22	177M	+1.3%	-1.6%
Q4 22	178M	+0.1%	+0.3%
Q1 23	181M	+1.7%	+2.2%
Q2 23	181M	+0.1%	+3.2%
Q3 23	183M	+1.3%	+3.2%
Q4 23	183M	-0.2%	+3.0%
Q1 24	183M	+0.2%	+1.5%
Q2 24	184M	+0.2%	+1.5%
Q3 24	184M	0.0%	+0.2%
Q4 24	182M	-0.6%	-0.2%
Q1 25	182M	-0.2%	-0.6%
Q2 25	181M	-0.8%	-1.5%
Q3 25	179M	-0.8%	-2.3%
Q4 25	178M	-0.7%	-2.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$193.4K	374
Q2 22	$203.5K	374
Q3 22	$214.1K	374
Q4 22	$90.6K	829
Q1 23	$88.7K	829
Q2 23	$95.6K	829
Q3 23	$102.8K	829
Q4 23	$104.0K	778
Q1 24	$101.2K	778
Q2 24	$104.4K	778
Q3 24	$114.3K	778
Q4 24	$111.4K	815
Q1 25	$102.9K	815
Q2 25	$103.8K	815
Q3 25	$110.0K	815
Q4 25	$102.9K	815

Revenue / Employee