Yelp
YELP on NYSE. Yelp sells advertising and subscription services to local businesses. Market value $1.0bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Retail & consumer stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $30.22 of spare cash in the past 12 months. A savings account pays about $4.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: 67 of 100. Price score: 83 of 100. Our list needs 70 on quality and 60 on price.
$18.14 a share, 5% above its 1-year low
Over the past year the price has ranged from $17.27 to $34.49.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $1.0bn | $1.2bn | $1.3bn | $1.4bn | $1.5bn |
| Operating margin | |||||
| Operating margin | 3.1% | 4.9% | 5.9% | 10.7% | 12.6% |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.07bn | 0.07bn | 0.07bn | 0.06bn | 0.05bn |
Health checks
- Free cash flow positive5 of 5 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)6 of 8 checks we could run
- Profit backed by cash (accruals)No
- DebtUnknown
- Revenue growth, five yearsStrong, 10.9% a year
- Buying back its own sharesYes, 22% fewer since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $376 million last quarter, up 1% on a year ago.
- Profit: $32 million, down 28% on a year ago.
- It keeps 12 cents of each $1 of sales as operating profit, down from 13 cents a year earlier.
- Spare cash over the past 12 months: $297 million, up from $285 million.
- 15% fewer shares than a year ago. Each share owns a bit more of the company.
- Sales grew on a year ago in 3 of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $360m |
| December 2024 | $362m |
| March 2025 | $359m |
| June 2025 | $370m |
| September 2025 | $376m |
| December 2025 | $360m |
| March 2026 | $361m |
| June 2026 | $376m |
| Quarter to | Amount |
|---|---|
| September 2024 | $38m |
| December 2024 | $42m |
| March 2025 | $24m |
| June 2025 | $44m |
| September 2025 | $39m |
| December 2025 | $38m |
| March 2026 | $18m |
| June 2026 | $32m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 27 February 2026
- Next quarterly (estimated, 10-Q)
- 6 November 2026
Who owns it
4 long-term investors we follow own it, unchanged from 4 last quarter. 292 funds in all.
- LSV Asset ManagementJosef Lakonishok
- Value
- $68m
- Share of fund
- 0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| LSV Asset ManagementJosef Lakonishok | $68m | 0.1% | |
| Royce & AssociatesChuck Royce | $2m | <0.1% | Cut |
| Gotham Asset ManagementJoel Greenblatt | $807,983 | <0.1% | Cut |
| GMOJeremy Grantham | $563,764 | <0.1% | Added |
Largest holders overall
- BlackRock$237mCut
- Vanguard Portfolio Management$102mCut
- Dimensional Fund Advisors LP$77mAdded
- LSV Asset Management$68m
- Vanguard Capital Management$58mCut
- State Street$56mCut
- Acadian Asset Management$53m
- American Century Companies$46mAdded
- Geode Capital Management$45m
- Allianz Asset Management GmbH$37mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
5 investors own more than 5%.
- BlackRock, Inc.Passive investor14.0%−1.1 ptsSince 30 September 2025
- Vanguard Portfolio ManagementPassive investor8.6%Since 31 March 2026
- Dimensional Fund Advisors LPPassive investor5.7%Since 30 June 2026
- Vanguard Capital ManagementPassive investor5.1%Since 31 March 2026
- LSV Asset ManagementPassive investor5.1%Since 30 June 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
BlackRock, Inc. Passive investor | 14.0%−1.1 pts | 30 September 2025 | |
Vanguard Portfolio Management Passive investor | 8.6% | 31 March 2026 | |
Dimensional Fund Advisors LP Passive investor | 5.7% | 30 June 2026 | |
Vanguard Capital Management Passive investor | 5.1% | 31 March 2026 | |
LSV Asset Management Passive investor | 5.1% | 30 June 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 9 sold $17m, $17m of it under preset trading plans.
- Amara CarmenChief People OfficerSoldunder a preset trading plan
- Date
- 1 October 2026
- Shares
- 500
- Price
- $18.60
- Value
- $9,300
- Amara CarmenChief People OfficerSoldunder a preset trading plan
- Date
- 1 September 2026
- Shares
- 500
- Price
- $22.14
- Value
- $11,070
- Levy Alexander ColemanChief Technology OfficerSoldunder a preset trading plan
- Date
- 24 August 2026
- Shares
- 3,829
- Price
- $23.40
- Value
- $89,599
- Schwarzbach David AChief Financial OfficerSoldunder a preset trading plan
- Date
- 21 August 2026
- Shares
- 8,809
- Price
- $23.19
- Value
- $204,314
- Nachman Joseph RChief Operating OfficerSoldunder a preset trading plan
- Date
- 3 August 2026
- Shares
- 4,500
- Price
- $26.91
- Value
- $121,095
- Amara CarmenChief People OfficerSoldunder a preset trading plan
- Date
- 2 July 2026
- Shares
- 23,233
- Price
- $27.00
- Value
- $627,291
- Amara CarmenChief People OfficerSoldunder a preset trading plan
- Date
- 1 July 2026
- Shares
- 1,500
- Price
- $24.95
- Value
- $37,425
- Nachman Joseph RChief Operating OfficerSoldunder a preset trading plan
- Date
- 1 July 2026
- Shares
- 4,500
- Price
- $25.00
- Value
- $112,500
- Nachman Joseph RChief Operating OfficerSoldunder a preset trading plan
- Date
- 30 June 2026
- Shares
- 9,000
- Price
- $25.00
- Value
- $225,000
- Amara CarmenChief People OfficerSoldunder a preset trading plan
- Date
- 5 June 2026
- Shares
- 1,000
- Price
- $24.00
- Value
- $24,000
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 1 October 2026 | Amara Carmen Chief People Officer | Sold under a preset trading plan | 500 | $18.60 | $9,300 |
| 1 September 2026 | Amara Carmen Chief People Officer | Sold under a preset trading plan | 500 | $22.14 | $11,070 |
| 24 August 2026 | Levy Alexander Coleman Chief Technology Officer | Sold under a preset trading plan | 3,829 | $23.40 | $89,599 |
| 21 August 2026 | Schwarzbach David A Chief Financial Officer | Sold under a preset trading plan | 8,809 | $23.19 | $204,314 |
| 3 August 2026 | Nachman Joseph R Chief Operating Officer | Sold under a preset trading plan | 4,500 | $26.91 | $121,095 |
| 2 July 2026 | Amara Carmen Chief People Officer | Sold under a preset trading plan | 23,233 | $27.00 | $627,291 |
| 1 July 2026 | Amara Carmen Chief People Officer | Sold under a preset trading plan | 1,500 | $24.95 | $37,425 |
| 1 July 2026 | Nachman Joseph R Chief Operating Officer | Sold under a preset trading plan | 4,500 | $25.00 | $112,500 |
| 30 June 2026 | Nachman Joseph R Chief Operating Officer | Sold under a preset trading plan | 9,000 | $25.00 | $225,000 |
| 5 June 2026 | Amara Carmen Chief People Officer | Sold under a preset trading plan | 1,000 | $24.00 | $24,000 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.