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Yelp YELP Product development

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Other financials

Income statement

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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

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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

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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-38.9%
Enterprise value$1.2B-40.5%
P/E9.3×-5.4×
P/S0.9×-0.6×

Profitability

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Gross margin90%-0.8pp
Operating margin12.4%+0.6pp
Net margin9.5%-0.5pp
FCF margin19.2%+0.4pp

Returns & leverage

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Return on equity20.4%+0.7pp
Debt / equity0.0×
Current ratio1.7×-1.2×

Where this comes from

Reported directly by Yelp in its filing.

Tagged under the XBRL concept yelp:ProductDevelopmentExpense.

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 product development?
Yelp (YELP) reported product development of $77.16M in Q1 2026.
How has Yelp's product development changed year-over-year?
Yelp's product development decreased by 8.0% year-over-year, from $83.91M to $77.16M.
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?
This metric represents the total costs incurred for the research, design, and engineering of new software features, platform enhancements, and mobile application infrastructure. It reflects the company's ongoing investment in innovation and technical scalability to maintain competitive advantage in the digital marketplace. High levels of this expenditure indicate a commitment to product evolution and user experience improvements.