What is Yelp's invested capital?

Yelp (YELP) reported invested capital of $545.6M in Q1 2026.

How has Yelp's invested capital changed year-over-year?

Yelp's invested capital decreased by 16.1% year-over-year, from $650.46M to $545.6M.

What is the long-term trend for Yelp's invested capital?

Over 5 years (2020 to 2025), Yelp's invested capital has grown at a -9.0% compound annual growth rate (CAGR), from $968.88M to $606.25M.

What does invested capital mean?

Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).

Yelp YELP Invested capital

Discontinued — last reported Q1 '26

Invested capital at other companies

Travel + LeisureTNL

18.8%+0.1pp

BeldenBDC

12.2%+0.5pp

Cabot CorporationCBT

14.7%-6.0pp

UnifirstUNF

6.2%-0.9pp

Envista Holdings CorporationNVST

3.4%+1.8pp

Liberty Broadband CorporationLBRDK

-0.3%-0.1pp

Other financials

Income statement

See full

Revenue$361.5M+0.8%

Gross profit$323.0M-0.2%

Operating income$27.3M-7.3%

Net income$17.7M-27.3%

EPS (diluted)$0.30-16.7%

Balance sheet

See full

Cash & equivalents$110.4M-0.6%

Total debt$24.9M-25.6%

Total equity$631.1M-13.3%

Total assets$1.0B+2.9%

Cash flow

See full

Operating cash flow$57.8M-41.0%

CapEx$12.7M+20.2%

Free cash flow$45.2M-48.4%

Valuation

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Market cap$1.28B-41.6%

Enterprise value$1.2B-43.5%

P/E9.3×-6.1×

P/S0.9×-0.7×

Profitability

See full

Gross margin90%-0.8pp

Operating margin12.4%+0.6pp

Net margin9.5%-0.5pp

FCF margin19.2%+0.4pp

Returns & leverage

See full

Return on equity20.4%+0.7pp

Debt / equity0×0.0×

Current ratio1.7×-1.2×

Where this comes from

Calculated from Yelp’s reported figures.

$24.9Mtotal debt+$631.1Mtotal stockholders equity−$110.4Mcash and equivalents=$545.6M

The official record: Yelp’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Yelp's invested capital?: Yelp (YELP) reported invested capital of $545.6M in Q1 2026.
How has Yelp's invested capital changed year-over-year?: Yelp's invested capital decreased by 16.1% year-over-year, from $650.46M to $545.6M.
What is the long-term trend for Yelp's invested capital?: Over 5 years (2020 to 2025), Yelp's invested capital has grown at a -9.0% compound annual growth rate (CAGR), from $968.88M to $606.25M.
What does invested capital mean?: Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).