YELP FY 2024 Earnings Report — Yelp Inc. Revenue & Financial Results | Market Cap Arena

FY 2024 Earnings

Reported February 27, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.3B	—	5.6%
Op. Income	$151M	—	$79M	—	91.1%
Gross Margin	91.2%	—	91.5%	—	-0.2pp
Net Margin	9.4%	—	7.4%	—	2.0pp
EPS (Diluted)	$1.88	—	$1.35	—	39.3%
Free Cash Flow	$248M	—	$279M	—	-11.1%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$124M
GROSS PROFIT	$1.3B
R&D Expenses	$326M
Selling & Marketing	$586M
General & Administrative	$185M
SG&A Expenses	$771M
Other Expenses	$40M
Operating Expenses	$1.1B
Cost & Expenses	$1.3B
OPERATING INCOME	$151M
Interest Income	$21M
Interest Expense	$0
Other Income/Expenses	$32M
INCOME BEFORE TAX	$183M
Income Tax Expense	$50M
Net Income from Continuing Ops	$133M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$133M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$133M
D&A	$56M
EBIT	$151M
EBITDA	$207M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$124M
GROSS PROFIT	$1.3B
R&D Expenses	$326M
Selling & Marketing	$586M
General & Administrative	$185M
SG&A Expenses	$771M
Other Expenses	$40M
Operating Expenses	$1.1B
Cost & Expenses	$1.3B
OPERATING INCOME	$151M
Interest Income	$21M
Interest Expense	$0
Other Income/Expenses	$32M
INCOME BEFORE TAX	$183M
Income Tax Expense	$50M
Net Income from Continuing Ops	$133M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$133M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$133M
D&A	$56M
EBIT	$151M
EBITDA	$207M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$133M
Depreciation & Amortization	$56M
Stock-Based Compensation	$158M
Deferred Income Tax	-$25M
Other Non-Cash Items	$74M
Change in Working Capital	-$110M
OPERATING CASH FLOW	$286M
Capital Expenditure	-$37M
Acquisitions (Net)	-$66M
Purchases of Investments	-$97M
Sales/Maturities of Investments	$123M
Other Investing Activities	-$10.0K
NET CASH FROM INVESTING	-$77M
Net Debt Issuance	$0
Common Stock Repurchased	-$251M
Common Dividends Paid	$0
Other Financing Activities	-$53M
NET CASH FROM FINANCING	-$304M
FREE CASH FLOW	$248M
Net Change in Cash	-$96M

Balance Sheet

Item	Amount
Cash & Equivalents	$217M
Short-Term Investments	$111M
Net Receivables	$155M
Inventory	$0
Other Current Assets	$15M
TOTAL CURRENT ASSETS	$517M
PP&E (Net)	$100M
Goodwill	$131M
Intangible Assets	$59M
Long-Term Investments	$0
Tax Assets	$140M
Other Non-Current Assets	$38M
TOTAL NON-CURRENT ASSETS	$467M
TOTAL ASSETS	$984M
Account Payables	$12M
Short-Term Debt	$0
Deferred Revenue	$3M
Other Current Liabilities	$85M
TOTAL CURRENT LIABILITIES	$155M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$62M
TOTAL NON-CURRENT LIABILITIES	$85M
TOTAL LIABILITIES	$240M
Common Stock	$0
Additional Paid-In Capital	$1.9B
Retained Earnings	-$1.1B
Treasury Stock	-$4M
Accum. Other Comp. Income	-$15M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$744M
Minority Interest	$0
TOTAL EQUITY	$744M
TOTAL LIABILITIES & EQUITY	$984M
Total Debt	$43M
Net Debt	-$174M