YELP INC
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
YELP$20.15+2.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows F-
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Operating Activities | |||
| Net income | $145,600 | $132,850 | $99,173 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 50,092 | 40,407 | 42,184 |
| Provision for credit losses | 43,271 | 45,614 | 40,702 |
| Stock-based compensation | 133,993 | 158,193 | 173,451 |
| Amortization of right-of-use assets | 10,398 | 15,094 | 28,084 |
| Deferred income taxes | 25,073 | (24,920) | (22,150) |
| Amortization of deferred contract cost | 27,943 | 24,854 | 24,035 |
| Asset impairment | — | 5,914 | 23,563 |
| Write-off of website and internal use software | 3,339 | 2,583 | 1,278 |
| Other adjustments, net | (491) | (4,995) | (1,688) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (41,872) | (51,033) | (54,947) |
| Prepaid expenses and other assets | (27,113) | (24,314) | (5,123) |
| Operating lease liabilities | (20,926) | (39,230) | (39,734) |
| Accounts payable, accrued liabilities and other liabilities | 22,722 | 4,798 | (2,548) |
| Net cash provided by operating activities | 372,029 | 285,815 | 306,280 |
| Investing Activities | |||
| Purchases of marketable securities — available-for-sale | (80,245) | (94,304) | (148,448) |
| Sales and maturities of marketable securities — available-for-sale | 78,530 | 123,094 | 117,916 |
| Purchases of other investments | (700) | (2,500) | — |
| Maturities of other investments | 5,000 | — | 2,500 |
| Acquisition, net of cash received | — | (66,199) | — |
| Purchases of property, equipment and software | (48,353) | (37,347) | (26,847) |
| Other investing activities | 114 | (10) | 195 |
| Net cash used in investing activities | (45,654) | (77,266) | (54,684) |
| Financing Activities | |||
| Proceeds from issuance of common stock for employee stock-based plans | 19,665 | 20,790 | 39,510 |
| Taxes paid related to the net share settlement of equity awards | (56,889) | (73,411) | (85,180) |
| Repurchases of common stock | (290,949) | (250,899) | (199,999) |
| Excise tax paid on net stock repurchases | (1,218) | (282) | — |
| Payment of issuance costs for credit facility | (656) | — | (1,109) |
| Net cash used in financing activities | (330,047) | (303,802) | (246,778) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 2,279 | (1,067) | 2,046 |
| Change in cash, cash equivalents and restricted cash | (1,393) | (96,320) | 6,864 |
| Cash, cash equivalents and restricted cash — Beginning of period | 217,682 | 314,002 | 307,138 |
| Cash, cash equivalents and restricted cash — End of period | $216,289 | $217,682 | $314,002 |
| Supplemental Disclosures of Noncash Investing and Financing Activities | |||
| Purchases of property, equipment and software recorded in accounts payable and accrued liabilities | $2,181 | $1,637 | $914 |
| Excise tax accrued on net stock repurchases | $1,873 | $1,218 | $282 |
| Operating lease right-of-use assets obtained in exchange for new operating lease liabilities | $1,814 | $263 | $— |
| Repurchases of common stock recorded in accounts payable and accrued liabilities | $999 | $1,249 | $1,887 |
| Acquisition holdback consideration not yet paid | $— | $13,500 | $— |
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