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Yelp YELP Product development

Product development at other companies

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Other financials

Income statement

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Revenue$375.5M+1.4%
Gross profit$333.7M-0.4%
Operating income$43.7M-17.9%
Net income$31.7M-28.2%
EPS (diluted)$0.57-14.9%

Balance sheet

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Cash & equivalents$94.1M+9.7%
Total debt$23.3M-23.8%
Total equity$644.5M-13.6%
Total assets$990.6M+1.1%

Cash flow

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Operating cash flow$75.8M+30.7%
CapEx$14.7M+13.2%
Free cash flow$61.1M+35.7%

Valuation

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Market cap$1.38B-36.8%
Enterprise value$1.31B-38.5%
P/E10.9×-3.7×
P/S0.9×-0.6×

Profitability

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Gross margin89.6%-1.0pp
Operating margin11.7%-0.9pp
Net margin8.6%-1.7pp
FCF margin20.2%+0.6pp

Returns & leverage

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Return on equity18.2%-1.9pp
Debt / equity0.0×
Current ratio1.7×-1.5×

Where this comes from

Reported directly by Yelp in its filing.

Tagged under the XBRL concept yelp:ProductDevelopmentExpense.

The source filing: Yelp’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 4:16 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001345016-26-000066
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Costs and expenses:
Cost of revenue (exclusive of depreciation and amortization shown separately below)41,77635,44780,18570,275
Sales and marketing153,562144,612306,572290,896
Product development70,46878,362147,625162,267
General and administrative47,86546,31897,21598,025
Depreciation and amortization18,11812,36534,35124,715
Total costs and expenses331,789317,104665,948646,178
Income from operations43,73053,29071,02882,750

Item 1. Financial Statements (Unaudited)

FAQ

What is Yelp's product development?
Yelp (YELP) reported product development of $70.47M in Q2 2026.
How has Yelp's product development changed year-over-year?
Yelp's product development decreased by 10.1% year-over-year, from $78.36M to $70.47M.
What is the long-term trend for Yelp's product development?
Over 4 years (2021 to 2025), Yelp's product development has grown at a 3.2% compound annual growth rate (CAGR), from $276.47M to $313.69M.
What does product development mean?
Product development as reported by YELP INC..

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