YELP Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $18.26
Market Cap (MRQ) $1.00B
P/E (TTM) 8.8
EPS (TTM) $2.08
Revenue (TTM) $1.47B
ROE (TTM) 18.2%
52W Range $17–$34

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About Yelp Inc. Common Stock Company overview from Wikipedia

05 · wikidata

Yelp Inc. is an American company that develops the Yelp.com website and the Yelp mobile app, which publishes crowd-sourced reviews about businesses. It also operates Yelp Guest Manager, a table reservation service. It is headquartered in San Francisco.

Yelp was founded in 2004 by former PayPal employees Russel Simmons and Jeremy Stoppelman. It has since become one of the leading sources of user-generated reviews and ratings for businesses.

Yelp grew in usage and raised several rounds of funding in the following years. By 2010, it had $30 million in revenue, and the website had published about 4.5 million crowd-sourced reviews. From 2009 to 2012, Yelp expanded throughout Europe and Asia. In 2009, it entered unsuccessful negotiations to be acquired by Google. Yelp became a public company via an initial public offering in March 2012 and became profitable for the first time two years later.

As of December 31, 2024, approximately 308 million reviews had been contributed to Yelp. In 2024, the company had over 76 million unique visitors on desktop and mobile. Yelp estimates that over 50% of its audience has an annual household income of more than $100,000.

The company has been accused of using unfair practices to raise revenue from the businesses that are reviewed on its site – e.g., by presenting more negative review information for companies that do not purchase its advertising services or by prominently featuring advertisements of the competitors of such non-paying companies or conversely by excluding negative reviews from companies' overall rating on the basis that the reviews "are not currently recommended". There have also been complaints of aggressive and misleading tactics by some of its advertising sales representatives. The company's review system's reliability has also been affected by the submission of fake reviews by external users, such as false positive reviews submitted by a company to promote its own business or false negative reviews submitted about competing businesses – a practice sometimes known as "astroturfing" – which the company has tried to combat in various ways.

Company history

Origins (2004–2009)

Two former PayPal employees, Jeremy Stoppelman and Russel Simmons, founded Yelp at a business incubator, MRL Ventures, in 2004. Stoppelman and Simmons conceived the initial idea for Yelp as an email-based referral network, after Stoppelman caught the flu and had a difficult time finding an online recommendation for a local doctor. Max Levchin, the co-founders' former colleague as founding chief technology officer of PayPal and founder of MRL Ventures, provided $1 million in Angel financing. MRL co-founder David Galbraith, who instigated the local services project based on user reviews, came up with the name "Yelp". Stoppelman explained that they decided on "Yelp" for the company's name because "it was short, memorable, easy to spell, and was familiar with 'the help' and 'yellow pages'".

According to Fortune, Yelp's initial email-based system was "convoluted". The idea was rejected by investors and did not attract users beyond the cofounders' friends and family. Usage data showed that users were not answering requests for referrals, but were using the "Real Reviews" feature, which allowed them to write reviews unsolicited. According to The San Francisco Chronicle, "the site's popularity soared" after it was re-designed in late 2005 with the distinctive Burst logo. Yelp raised $5 million in funding in 2005 from Bessemer Venture Partners and $10 million in November 2006 from Benchmark Capital. The number of reviewers on the site grew from 12,000 in 2005, to 100,000 in 2006. By the summer of 2006, the site had one million monthly visitors. It raised $15 million in funding from DAG Ventures in February 2008. In 2010, Elevation Partners invested $100 million. $75 million was spent on purchasing equity from employees and investors, while $25 million was invested in sales staff and expansion. Yelp grew from 6 million monthly visitors in 2007 to 16.5 million in 2008 and from 12 to 24 cities during the same time period. By 2009, the site had 4.5 million reviews. By 2010, Yelp's revenues were estimated to be $30 million and it employed 300 people.

Private company (2009–2012)

Yelp introduced a site for the United Kingdom in January 2009 and one for Canada that August. The first non-English Yelp site was introduced in France in 2010; users had the option to read and write content in French or English. From 2010 to 2011, Yelp launched several more sites, in Austria, Germany, Spain, and the Netherlands. International website traffic doubled during the same time period. An Australian website went live in November 2011. It was supported through a partnership with Telstra, which provided one million initial business listings, and was initially glitchy. By the end of 2012, Yelp was publishing reviews for establishments in 20 countries, including Turkey and Denmark. Yelp's first site in Asia was introduced in September 2012 in Singapore, which was followed by Japan in 2014.

In December 2009, Google entered into negotiations with Yelp to acquire the company, but the two parties failed to reach an agreement. According to The New York Times, Google offered about $500 million, but the deal fell through after Yahoo offered $1 billion. TechCrunch reported that Google refused to match Yahoo's offer. Both offers were later abandoned following a disagreement between Yelp's management and board of directors about the offers. In June 2015, Yelp published a study alleging Google was altering search results to benefit its own online services.

Yelp began a service called Yelp Deals in April 2011, but by August it cut back on Deals due to increased competition and market saturation. That September, the Federal Trade Commission investigated Yelp's allegations that Google was using Yelp web content without authorization and that Google's search algorithms favored Google Places over similar services provided by Yelp. In order to avoid an FTC anti-trust lawsuit, in January 2014, Google agreed to allow services like Yelp the ability to opt out of having their data scraped and used on Google's websites.

Public entity (2012–present)

Having filed for an initial public offering (IPO) with the Securities Exchange Commission in November 2011, Yelp's stock began public trading on the New York Stock Exchange on March 2, 2012. In 2012, Yelp acquired its largest European rival, Qype, for $50 million. The following year, CEO Jeremy Stoppelman reduced his salary to $1. Yelp acquired start-up online reservation company SeatMe for $12.7 million in cash and stock in 2013. Yelp's second quarter 2013 revenue of $55 million "exceeded expectations", but the company was not yet profitable.

In 2012/13, Yelp moved into its new corporate headquarters, occupying about 150,000 square feet on 12 floors of 140 New Montgomery (the former PacBell building) in San Francisco. The company was profitable for the first time in the second quarter of 2014, as a result of increasing ad spending by business owners and possibly from changes in Google's local search algorithm. The algorithm dubbed Google Pigeon made authoritative local directory sites like Yelp and TripAdvisor more visible. Over the course of the year, Yelp websites were launched in Mexico, Japan, and Argentina. Also in 2014, Yelp expanded in Europe through the acquisitions of German-based restaurant review site Restaurant-Kritik and French-based CityVox.

In early February 2015, Yelp announced it bought Eat24, an online food-ordering service, for $134 million. Then in August 2017, Yelp sold Eat24 to Grubhub for $287.5 million. The acquisition resulted in a partnership to integrate Grubhub delivery into the Yelp profiles of restaurants.

In late 2015, a "Public Services & Government" section was introduced to Yelp, and the General Services Administration began encouraging government agencies to create and monitor official government pages. For example, the Transportation Security Administration created official TSA Yelp pages. Later that year Yelp began experimenting in San Francisco with consumer alerts that were added to pages about restaurants with poor hygiene scores in government inspections. Research conducted by the Boston Children's Hospital found that Yelp reviews with keywords associated with food poisoning correlates strongly with poor hygiene at the restaurant. Researchers at Columbia University used data from Yelp to identify three previously unreported restaurant-related food poisoning outbreaks.

On November 2, 2016, concurrent with its earnings report for Q3 2016, Yelp announced it would drastically scale back its operations outside North America and halt international expansion. This resulted in the termination of essentially all international employees across Yelp's 30+ international markets from the sales, marketing, public relations, business outreach, and government relations departments. Overseas employees now primarily consist of engineering and product management staff. These layoffs affected only 175 individuals or 4% of its total workforce.

In March 2017, Yelp acquired the restaurant reservation app Nowait for $40 million. In April 2017, Yelp acquired Wi-Fi marketing company Turnstyle Analytics for $20 million.

In early 2020, Yelp listed space at 55 Hawthorne Street, San Francisco, for 235 employees as available for sublease. Business closures and stay-at-home orders during the COVID-19 pandemic in the United States caused a massive decline in searches on Yelp (down 64-83% from March to April, depending on category) and company revenues. On April 9, the company announced it would lay off 1,000 employees, furlough about 1,100 with benefits, reduce hours for others, cut executive pay by 20–30%, and stop paying the CEO for the rest of 2020.

In September 2021, Yelp announced that it was relocating its corporate headquarters to a smaller space at 350 Mission Street to be subleased from Salesforce. On June 1, 2023, Yelp decided to close its offices in Phoenix, Arizona and Hamburg, Germany. According to an announcement made by the company, less than 6 percent of the available workstations in these offices were being utilized. This move comes after Yelp had already shut down its New York, Chicago, and Washington, D.C. offices. As of mid-2023, Yelp maintains a single remaining office in the United States in San Francisco. Additionally, the company will continue its operations in Toronto, Canada, and London, United Kingdom. The closure and downsizing of these offices are expected to result in approximately $27 million in annual cost savings for Yelp during the 2023–24 fiscal year. As of February 2024, its website listed reviews for establishments in 32 countries.

In November 2024, Yelp Inc. acquired RepairPal, an auto services platform, for $80 million. In January 2026, Yelp Inc. acquired Hatch, an AI-powered lead management and communication platform, for $270 million in cash with an additional $30 million of employee retention.

Features

Yelp's website, Yelp.com, is a crowd-sourced local business review and social networking site. The site has pages devoted to individual locations, such as restaurants or schools, where Yelp users can submit a review of their products or services using a one to five stars rating scale. Businesses can update contact information, hours, and other basic listing information or add special deals. In addition to writing reviews, users can react to reviews, plan events, or discuss their personal lives.

80% of businesses listed on the site had a rating of three stars or better, but some negative reviews were very personal or extreme. Some of the reviews are written entertainingly or creatively. As of 2014, users could give a "thumbs-up" to reviews they liked, which caused these reviews to be featured more prominently in the system. As of 2008, each day a "Review of the Day" was determined based on a vote by users.

The Yelp iPhone mobile app was introduced in December 2008. In August 2009, Yelp released an update to the iPhone app with a hidden Easter Egg augmented reality feature called Monocle, which allowed users looking through their iPhone camera to see Yelp data on businesses seen through the camera. Check-in features were added in 2010.

Yelp users can make restaurant reservations in Yelp through Yelp Reservations, a feature initially added in June 2010; in 2021 the service was consolidated with others into "Yelp Guest Manager". Yelp's reservation features have been done through SeatMe, which was acquired by Yelp in 2013. Prior to that, Yelp had offered reservation services through OpenTable. In 2013, features to have food ordered and delivered were added to Yelp as well as the ability to view hygiene inspection scores and make appointments at spas. Yelp's content was integrated into Apple Inc.'s Siri "virtual assistant" and the mapping and directions app of Apple's September 2012 release of the iOS 6 computer operating system.

In March 2014, Yelp added features for ordering and scheduling manicures, flower deliveries, golf games, and legal consultations, among other things. In October 2014, the company, working in collaboration with hotel search site Hipmunk, added features to book hotels through Yelp.

Yelp started a 7–10% cash-back program at some US restaurants in 2016 through a partnership with Empyr, which links credit card purchases to online advertising.

On February 14, 2017, Yelp launched Yelp Questions and Answers, a feature for users to ask venue-specific questions about businesses.

In June 2020, Yelp launched a COVID-19 section that enables businesses to update their health and safety measures as well as their service offering changes. Starting January 2021, users can provide detailed feedback regarding what health and safety measures the business has implemented through editing in the COVID-19 section on Yelp business pages.

In April 2023, Yelp introduced Yelp Guaranteed, which provides a refund of up to $2,500 if something goes wrong with a project. It also improved its search features with AI and added the option to add video to reviews. In April 2024, Yelp released Yelp Assistant, an AI chatbot that helps users find a professional for a project. It also updated an API with natural language search to answer conversational queries.

In December 2024, Yelp introduced AI-powered "Review Insights" filters for restaurant, food, and nightlife businesses on its iOS app. The feature uses AI to surface positive, neutral, and critical sentiment from user reviews so people can quickly scan what customers are saying about categories like food, service, and atmosphere. Yelp also said it planned to expand Review Insights to service categories in 2025.

Features for businesses

Yelp added the ability for business owners to respond to reviews in 2008. Businesses can respond privately by messaging the reviewer or publicly on their profile page. In some cases, Yelp users that had a bad experience have updated their reviews more favorably due to the business's efforts to resolve their complaints. In some other cases, disputes between reviewers and business owners have led to harassment and physical altercations. The system has led to criticisms that business owners can bribe reviewers with free food or discounts to increase their rating. However, Yelp users say this rarely occurs. A business owner can "claim" a profile, which allows them to respond to reviews and see traffic reports. Businesses can also offer discounts to Yelp users that visit often using a Yelp "check in" feature. In 2014, Yelp released an app for business owners to respond to reviews and manage their profiles from a mobile device. Business owners can also flag a review to be removed, if the review violates Yelp's content guidelines.

Yelp's revenues primarily come from selling ads and sponsored listings to small businesses. Advertisers can pay to have their listing appear at the top of search results or feature ads on the pages of their competitors. In 2016, advertising revenue grew at a rate of 30% year over year. Originally a sponsored "favorite review" could place a positive review above negative ones, but Yelp stopped offering this option in 2010 in an effort to deter the valid criticism that advertisers were able to obtain a more positive review appearance in exchange for pay.

On June 5, 2020, Yelp launched a tool to allow businesses on the platform to identify themselves as black-owned, allowing customers to search for black-owned companies they want to support. There were more than 2.5 million searches for black-owned businesses on Yelp from May 25 to July 10. Searches for black-owned businesses were up 2,400% in 2020. In August 2021 Yelp added a feature to let users filter businesses based on their COVID precautions.

Relationship with businesses

A Harvard Business School study published in 2011 found that each "star" in a Yelp rating affected the business owner's sales by 5–9%. A 2012 study by two University of California, Berkeley economists found that an increase from 3.5 to 4 stars on Yelp resulted in a 19% increase in the chances of the restaurant being booked during peak hours. A 2014 survey of 300 small business owners done by Yodle found that 78% were concerned about negative reviews. Also, 43% of respondents said they felt online reviews were unfair, because there is no verification that the review is written by a legitimate customer.

Controversy and litigation

Yelp has a complicated relationship with small businesses. Criticism of Yelp continues to focus on the legitimacy of reviews, public statements of Yelp manipulating and blocking reviews in order to increase ad spending, as well as concerns regarding the privacy of reviewers.

Astroturfing

As Yelp became more influential, the phenomenon of business owners and competitors writing fake reviews, known as "astroturfing", became more prevalent. A study from Harvard Associate Professor Michael Luca and Georgios Zervas of Boston University analyzed 316,415 reviews in Boston and found that the percentage of fake reviews rose from 6% of the site's reviews in 2006 to 20% in 2014. Yelp's own review filter identifies 18% of reviews as suspicious.

Yelp has a proprietary algorithm that attempts to evaluate whether a review is authentic and filters out reviews that it believes are not based on a patron's actual personal experiences, as required by the site's Terms of Use. The review filter was first developed two weeks after the site was founded and the company saw their "first obviously fake reviews". Filtered reviews are moved into a special area and not counted towards the businesses' star-rating. The filter sometimes filters legitimate reviews, leading to complaints from business owners. New York Attorney General Eric T. Schneiderman said Yelp has "the most aggressive" astroturfing filter out of the crowd-sourced websites it looked into. Yelp has also been criticized for not disclosing how the filter works, which it says would reveal information on how to defeat it.

Yelp also conducts "sting operations" to uncover businesses writing their own reviews. In October 2012, Yelp placed a 90-day "consumer alert" on 150 business listings believed to have paid for reviews. The alert read "We caught someone red-handed trying to buy reviews for this business". In June 2013, Yelp filed a lawsuit against BuyYelpReview/AdBlaze for allegedly writing fake reviews for pay. In 2013, Yelp sued a lawyer it alleged was part of a group of law firms that exchanged Yelp reviews, saying that many of the firm's reviews originated from their own office. The lawyer said Yelp was trying to get revenge for his legal disputes and activism against Yelp. An effort to win dismissal of the case was denied in December 2014. In September 2013, Yelp cooperated with Operation Clean Turf, a sting operation by the New York Attorney General that uncovered 19 astroturfing operations. In April 2017, a Norfolk, Massachusetts, jury awarded a jewelry store over $34,000 after it determined that its competitor's employee had filed a false negative Yelp review that knowingly caused emotional distress.

In December 2019, Yelp won a court case that challenged the company's explanation of how its review recommendation software worked. The court ruling stated that "None of the evidence presented at the trial showed anything nefarious or duplicitous on the part of Yelp in connection with the assertions made in the Challenged Statements." This was one of a number of court cases that ruled in favor of Yelp over the years.

Alleged unfair business practices

Yelp has a complicated relationship with small businesses. There have been allegations that Yelp has manipulated reviews based on participation in its advertising programs. Many business owners have said that Yelp salespeople have offered to remove or suppress negative reviews if they purchase advertising. Others report seeing negative reviews featured prominently and positive reviews buried, and then soon afterwards, they would receive calls from Yelp attempting to sell paid advertising.

Yelp staff acknowledged that they had allowed their advertising partners to move their favorite review to the top of the listings as a "featured review", but said the reviews were not otherwise manipulated to favor the partner businesses. Such featured reviews were shown with a strip above them that said "One of [Insert Business Here]'s Favorite Reviews" and "This business is a Yelp sponsor." The company also said it might have had some rogue salespeople that misrepresented their practices when selling advertising services. In response to the criticism of their allowing their advertising partners to manipulate the review listing, Yelp ceased its "featured review" practice in 2010.

Several lawsuits have been filed against Yelp accusing it of extorting businesses into buying advertising products. Each has been dismissed by a judge before reaching trial. In February 2010, a class-action lawsuit was filed against Yelp alleging it asked a Long Beach veterinary hospital to pay $300 a month for advertising services that included the suppression or deletion of disparaging customer reviews. The following month, nine additional businesses joined the class-action lawsuit, and two similar lawsuits were filed. That May the lawsuits were combined into one class-action lawsuit, which was dismissed by San Francisco U.S. District Judge Edward Chen in 2011. Chen said the reviews were protected by the Communications Decency Act of 1996 and that there was no evidence of manipulation by Yelp. The plaintiffs filed an appeal. In September 2014, the United States Court of Appeals for the Ninth Circuit upheld the dismissal, finding that even if Yelp did manipulate reviews to favor advertisers, this would not fall under the court's legal definition of extortion.

In August 2013, Yelp launched a series of town hall style meetings in 22 major American cities in an effort to address concerns among local business owners. Many attendees expressed frustration with seeing Yelp remove positive reviews after they declined to advertise, receiving reviews from users that never entered the establishment, and other issues. A 2011 "working paper" published by Harvard Business School from Harvard Associate Professor Michael Luca and Georgios Zervas of Boston University found that there was no significant statistical correlation between being a Yelp advertiser and having more favorable reviews. The Federal Trade Commission received 2,046 complaints about Yelp from 2008 to 2014, most from small businesses regarding allegedly unfair or fake reviews or negative reviews that appear after declining to advertise. According to Yelp, the Federal Trade Commission finished a second examination of Yelp's practices in 2015 and in both cases did not pursue an action against the company.

Journalist David Lazarus of the Los Angeles Times also criticized Yelp in 2014 for the practice of selling competitors' ads to run on top of business listings and then offering to have the ads removed as part of a paid feature.

The 2019 film Billion Dollar Bully documents Yelp's alleged business practices.

In 2018, in the case Hassell v. Bird, the California Supreme Court held by a narrow 4–3 margin that a business cannot force Yelp to remove a review, even if the review is defamatory of the business.

A 2019 investigation by Vice News and the podcast Underunderstood found that in some cases, Yelp was replacing restaurant's direct phone numbers with numbers that routed through GrubHub, which would then charge restaurants for the calls under marketing agreements GrubHub has with restaurants.

Political expression and politically motivated ratings

Eater reported that between 2012 and 2015, a number of users who review restaurants on the site have posted reviews that contained comments about the political activities and political views of businesses and their owners or have submitted ratings affected by political motivations. The article found that in some instances, the Yelp review area for a business has become flooded with such review submissions after a business was involved in politically sensitive action. Yelp has removed reviews of this nature and has tried to suppress their submission.

Litigation over review content

According to data compiled in 2014 by The Wall Street Journal, Yelp receives about six subpoenas a month asking for the names of anonymous reviewers, mostly from business owners seeking litigation against those writing negative reviews. In 2012, the Alexandria Circuit Court and the Virginia Court of Appeals held Yelp in contempt for refusing to disclose the identities of seven reviewers who anonymously criticized a carpet-cleaning business. In 2014, Yelp appealed to the Virginia Supreme Court. A popular public argument in favor of Yelp at the time was that a ruling against Yelp would negatively affect free speech online. The judge from an early ruling said that if the reviewers did not actually use the businesses' services, their communications would be false claims not protected by free speech laws. The Virginia Supreme Court ruled that Yelp, a non-resident company in the state of Virginia, could not be subpoenaed by a lower court. Also in 2014, a California state law was enacted that prohibits businesses from using "disparagement clauses" in their contracts or terms of use that allow them to sue or fine customers that write negatively about them online.

Investigations

A 2020 Business Insider investigation questioned the culture, ethics and practices within Yelp. An April 2022 Vice article highlighted that some Elite reviewers use their status to sell reviews.

Community

A 2010 article in Inc. Magazine described most reviewers (sometimes called "Yelpers") as "well-intentioned" people who write reviews in order to express themselves, improve their writing, or to be creative, and in some cases, to lash out at corporate interests or businesses they dislike. Reviewers may also be motivated by badges and honors, such as being the first to review a new location, or by praise and attention from other users. Many reviews are written in an entertaining or creative manner. Users can give a review a "thumbs-up" rating, which will cause it to be ranked higher in the review listings. Each day a "Review of the Day" is determined based on a vote by users. According to The Discourse of Online Consumer Reviews citing papers from 2008 and 2011, many Yelp reviewers are "internet-savvy young adults" aged 18–25 or "suburban baby boomers".

Reviewers are encouraged to use real names and photos. Each year members of the Yelp community are invited or self-nominated to the "Yelp Elite Squad" and some are accepted based on an evaluation of the quality and frequency of their reviews. Members may nominate other reviewers for elite status. Users must use their real name and photo on Yelp to qualify for the Elite Squad. To accept a nomination, members must not own a business. Elite Squad Yelpers are governed by a council and estimated to include several thousand members. Yelp does not disclose how the Yelp Elite are selected. Elite Squad members are given different color badges based on how long they've been an elite member. The Yelp Elite Squad originated with parties Yelp began throwing for members in 2005, and in 2006 it was formally codified; the name came from a joking reference to prolific reviewers that were invited to Yelp parties as the "Yelp Elite Squad"." Members are invited to special opening parties, given gifts, and receive other perks. As of 2017, there are over 80 local Elite Squads in North America.

As of 2017, Yelp employed a staff of over 80 community managers that organize parties for prolific reviewers, send encouraging messages to reviewers, and host classes for small business owners. Yelp reviewers are not required to disclose their identity, but Yelp encourages them to do so.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

sectorCommunication Services industryMedia employees5,168 countryUS

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$1.46B
2016-12-31 → 2025-12-31
EPS$2.24
2016-12-31 → 2025-12-31
Free Cash Flow$324M
2016-12-31 → 2025-12-31
Net margin8.6%
2016-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend YELP 5Y avg Peer Median Verdict
P/E (TTM) 8.85Y avg ≈39.3 ≈39.3 15.8 Undervalued
P/S (TTM) 0.75Y avg ≈1.9 ≈1.9 1.3 Undervalued
P/B (MRQ) 1.65Y avg ≈3.3 ≈3.3 2.1 Fair value
Price / FCF (TTM) 3.45Y avg ≈10.7 ≈10.7 · ·
Price / Cash Flow (TTM) 2.95Y avg ≈9.3 ≈9.3 12.3 Undervalued
Price / Tangible Book (MRQ) 1.85Y avg ≈4.1 ≈4.1 · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise 14.0%
Next Report Nov 04, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Aug 5, 2026 $0.57 $0.40 43.3%
March 31, 2026 $0.30 $0.27 11.7%
Dec. 31, 2025 $0.61 $0.66 -7.5%
Sept. 30, 2025 $0.61 $0.53 15.8%
June 30, 2025 $0.67 $0.59 13.7%
March 31, 2025 $0.42 $0.39 7.1%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 16
Metric Trend 202520242023202220212020201920182017201620152014
Revenue $1.46B$1.41B$1.34B$1.19B$1.03B$873M$1.01B$943M$851M$716M$550M$378M
Cost of Revenue ···$106M$78M$57M$62M$58M$71M$60M$51M$24M
R&D Expense $298M$310M$321M$294M$265M$230M$226M$206M$171M$133M$105M$65M
SG&A Expense $182M$185M$212M$164M$136M$130M$136M$121M$110M$100M$81M$58M
Operating Expenses $1.28B$1.26B$1.26B$1.14B$1.00B$912M$979M$917M$671M$718M$571M$366M
Operating Income $185M$151M$79M$58M$32M$-39M$36M$26M$180M$-2M$-21M$11M
Interest Income ·····$2M$13M$14M$4M$2M$622.0K$375.0K
Other Non-op $6M$8M$6M$3M$2M$1M$901.0K$375.0K$417.0K$145.0K$451.0K$-33.0K
Pretax Income $204M$183M$105M$67M$34M$-35M$50M$40M$184M$-326.0K$-21M$11M
Income Tax $58M$50M$6M$30M$-6M$-16M$9M$-15M$31M$1M$12M$-25M
Net Income $146M$133M$99M$36M$40M$-19M$41M$55M$153M$-2M$-33M$36M
EPS (Basic) $2.30$1.97$1.43$0.51$0.53$-0.27$0.55$0.66$1.87$-0.02$-0.44$0.51
EPS (Diluted) $2.24$1.88$1.35$0.50$0.50$-0.27$0.52$0.62$1.76$-0.02$-0.44$0.48
Shares (Basic) 63,334,00067,415,00069,221,00070,867,00074,221,00073,005,00074,627,00083,573,00081,602,00077,186,00074,683,00071,936,000
Shares (Diluted) 65,090,00070,611,00073,596,00073,402,00078,616,00073,005,00077,969,00088,709,00087,170,00077,186,00074,683,00076,712,000
EBITDA $235M$191M$121M$103M$87M$12M·$69M$221M$30M$8M$29M
Balance Sheet 28
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents $216M$217M$314M$306M$480M$596M$170M$333M$548M$272M$172M$247M
Short-term Investments $103M$101M$127M$94M$0$0$242M$423M$273M$207M$199M$118M
Receivables $153M$155M$146M$132M$107M$88M$107M$87M$76M$69M$53M$36M
Prepaid Expense $42M$44M$37M$63M$58M$28M$14M$17M$16M$13M$20M$19M
Other Current Assets $20M$15M$17M$7M$5M$7M$4M$8M····
Current Assets $515M$517M$624M$596M$645M$713M$533M$860M$913M$561M$443M$421M
PP&E (Net) $92M$76M$69M$77M$84M$102M$111M$115M$104M$92M$80M$63M
PP&E (Gross) $390M$393M$381M$359M$329M$332M$296M$257M$210M$169M$131M$94M
Accum. Depreciation $298M$317M$312M$282M$245M$230M$185M$143M$106M$76M$50M$31M
Goodwill $136M$131M$104M$102M$105M$109M$105M$106M$108M$171M$172M$67M
Intangibles $49M$59M$8M$9M$11M$14M$10M$13M$17M$33M$39M$6M
Other Non-current Assets $151M$177M$162M$134M$65M$49M$38M$59M$40M$11M$4M·
Total Assets $958M$984M$1.01B$1.02B$1.05B$1.15B$1.07B$1.18B$1.23B$885M$755M$630M
Accounts Payable $10M$12M$12M$15M$16M$9M$6M$7M$9M$2M$3M$1M
Accrued Liabilities ·$131M$133M$138M$120M$88M$72M$61M$74M$37M$43M$30M
Current Liabilities $172M$155M$176M$183M$164M$143M$134M$65M$86M$60M$50M$34M
Capital Leases $17M$22M$48M$87M$128M$149M$175M$0····
Other Non-current Liabilities $58M$62M$41M$36M$7M$8M$7M$4M$4M$725.0K$706.0K·
Total Liabilities $248M$240M$265M$306M$299M$300M$316M$100M$117M$78M$62M$42M
Total Debt ·········$18M$12M$8M
Common Stock $0$0$0$0$0$0$0$0$0$0··
Paid-in Capital $2.01B$1.90B$1.79B$1.65B$1.52B$1.40B$1.26B$1.14B$1.04B$893M$774M$628M
Retained Earnings $-1.29B$-1.14B$-1.02B$-924M$-760M$-534M$-493M$-53M$79M$-70M$-67M$-34M
Treasury Stock $999.0K$4M$282.0K$0$0$3M$0$0$46.0K$0··
AOCI $-8M$-15M$-12M$-16M$-11M$-7M$-12M$-11M$-8M$-16M$-14M$-6M
Stockholders' Equity $711M$744M$750M$710M$751M$855M$755M$1.08B$1.11B$816M$700M$588M
Liabilities + Equity $958M$984M$1.01B$1.02B$1.05B$1.15B$1.07B$1.18B$1.23B$885M$755M$630M
Shares Outstanding 59,954,00065,792,00068,864,00069,797,00072,171,00075,371,00071,185,00081,997,00083,724,91679,429,83375,982,80272,920,582
Cash Flow 15
Metric Trend 202520242023202220212020201920182017201620152014
D&A $50M$40M$42M$45M$56M$51M$49M$43M$41M$35M$30M$18M
Stock-based Comp $134M$158M$173M$156M$152M$125M$122M$114M$100M$86M$61M$42M
Deferred Tax $25M$-25M$-22M$-57M$-9M$-11M$-3M$-15M$283.0K$1M$11M$-27M
Amort. of Intangibles $10M$3M$1M$2M$3M$3M$3M$4M$7M$7M$6M$2M
Restructuring ··$0$0$32.0K$4M$0$0····
Other Non-cash $17M$-21M$14M$12M$-25M$32M·$-37M$-127M$9M$-11M$-11M
Operating Cash Flow $372M$286M$306M$192M$213M$177M$205M$160M$168M$127M$57M$58M
CapEx $48M$37M$27M$32M$28M$32M$38M$45M$30M$23M$31M$29M
Investing Cash Flow $-46M$-77M$-55M$-126M$-28M$248M$124M$-164M$81M$-55M$-159M·
Stock Repurchased $291M$251M$200M$200M$263M$24M$481M$187M$13M$0$482.0K$1M
Net Stock Activity $-291M$-251M$-200M$-200M$-263M$-24M·$-187M$-13M·$-482.0K$-1M
Financing Cash Flow $-330M$-304M$-247M$-238M$-300M$-21M$-492M$-208M$27M$30M$26M·
Net Change in Cash $-1M$-96M$7M$-174M$-116M$404M$-163M$-212M$277M$101M$-76M$-142M
Taxes Paid $34M$58M$31M$50M$3M$214.0K$7M$29M$530.0K$813.0K··
Free Cash Flow $324M$248M$279M$160M$184M$145M·$135M$152M$104M$26M$29M
Profitability 7
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 12.6%10.7%5.9%4.9%3.0%-4.4%·2.8%21.2%-0.70%-3.9%2.9%
Net Margin 9.9%9.4%7.4%3.0%3.8%-2.2%·5.9%18.1%-0.65%-6.0%9.7%
Pretax Margin 13.9%13.0%7.9%5.6%3.3%-4.0%·4.2%21.8%-0.46%-3.8%3.0%
EBITDA Margin 16.0%13.6%9.1%8.6%8.5%1.4%·7.3%26.1%4.3%1.5%7.6%
ROA 15.0%13.3%9.8%3.5%3.6%-1.8%·4.6%14.5%-0.57%-4.8%6.4%
ROE 20.0%17.9%13.3%5.1%5.2%-2.3%·5.0%16.0%-0.62%-5.1%6.8%
ROIC 18.5%14.7%10.0%4.5%4.9%-2.5%·3.3%13.5%-0.86%-4.8%6.0%
Liquidity & Solvency 4
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 3.03.33.53.33.95.0·13.310.69.38.912.4
Quick Ratio 2.73.13.32.93.64.8·13.010.49.18.511.8
Debt / Equity ·········0.00.00.0
LT Debt / Equity ·········0.00.00.0
Efficiency 2
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 1.51.41.31.20.90.8·0.80.80.90.80.7
Receivables Turnover 9.59.49.610.010.58.9·11.511.711.712.413.3
Per Share 5
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share $11.86$11.31$10.88$10.18$10.41$11.35·$13.12$13.13$10.16$9.13$8.07
Revenue / Share $22.51$20.00$18.17$16.26$13.13$11.96·$10.63$9.71$9.24$7.36$4.92
Cash Flow / Share $5.72$4.05$4.16$2.62$2.71$2.42·$1.81$1.92$1.64$0.77$0.76
Cash / Share $3.60$3.30$4.56$4.39$6.65$7.92·$4.06$6.54$3.43$2.26$3.39
EPS (TTM) $2.24$1.88$1.35$0.50$0.50$-0.27$0.52$0.62$1.76$-0.02$-0.44$0.48
Growth Rates 7
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 3.8%5.6%12.0%15.7%18.2%·······
Revenue CAGR 3Y 7.1%11.0%15.3%·········
Revenue CAGR 5Y 10.9%···········
EPS YoY 19.1%39.3%170.0%0.00%········
EPS CAGR 3Y 64.8%55.5%··········
Net Income YoY 9.6%34.0%172.8%-8.4%········
Net Income CAGR 3Y 58.8%49.6%··········
Valuation (TTM) 14
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM $1.46B$1.41B$1.34B$1.19B$1.03B$873M$1.01B$943M$851M$716M$550M$378M
Net Income TTM $146M$133M$99M$36M$40M$-19M$41M$55M$153M$-2M$-33M$36M
Market Cap $1.82B$2.55B$3.26B$1.91B$2.62B$2.46B·$2.87B$3.51B$3.03B$2.19B$3.99B
Enterprise Value ·········$2.57B$1.83B$3.63B
P/E 13.620.635.154.772.5-121.067.056.423.8-1906.5-65.5114.0
P/S 1.21.82.41.62.52.8·3.04.14.24.010.6
P/B 2.63.44.32.73.52.9·2.73.23.83.26.8
P / Tangible Book 3.54.65.13.24.13.4······
P / Cash Flow 4.98.910.69.912.313.9·17.921.023.938.168.9
P / FCF 5.610.211.711.914.217.0·21.223.129.183.4138.2
EV / EBITDA ·········84.5221.0126.8
EV / FCF ·········24.769.7125.8
EV / Revenue ·········3.63.39.6
Earnings Yield 7.4%4.9%2.9%1.8%1.4%-0.83%1.5%1.8%4.2%-0.05%-1.5%0.88%

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $1.46B $1.41B $1.34B $1.19B $1.03B
Operating Margin % 12.6% 10.7% 5.9% 4.9% 3.0%
Net Income $146M $133M $99M $36M $40M
Diluted EPS $2.24 $1.88 $1.35 $0.50 $0.50

Institutional owners (13F) 322 filers · $1.6B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 322
Value held $1.6B
New positions 43
Exited positions 53
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
43 (-26 vs prior Q) 53 (-7 vs prior Q) 92 (-30 vs prior Q) 126 (+34 vs prior Q) -993K

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD GROUP INC $250,294,288 8,236,074 15.77% Shares
BlackRock, Inc. $236,848,932 9,659,418 14.92% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $102,120,160 4,164,770 6.43% Shares
DIMENSIONAL FUND ADVISORS LP $76,948,270 3,138,146 4.85% Shares
VANGUARD CAPITAL MANAGEMENT LLC $57,939,951 2,362,967 3.65% Shares
STATE STREET CORP $55,526,423 2,264,536 3.50% Shares
AMERICAN CENTURY COMPANIES INC $45,554,237 1,857,840 2.87% Shares
GEODE CAPITAL MANAGEMENT, LLC $45,361,503 1,849,722 2.86% Shares
Allianz Asset Management GmbH $36,966,327 1,507,599 2.33% Shares
FMR LLC $30,814,203 1,256,697 1.94% Shares
MORGAN STANLEY $30,698,354 1,251,971 1.93% Shares
JUPITER ASSET MANAGEMENT LTD $29,282,961 1,194,248 1.84% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $25,571,957 1,042,902 1.61% Shares
GOLDMAN SACHS GROUP INC $24,308,577 991,378 1.53% Shares
Optimus Prime Fund Management Co., Ltd. $20,842,000 850,000 1.31% Shares
RENAISSANCE TECHNOLOGIES LLC $20,700,618 844,234 1.30% Shares
MILLENNIUM MANAGEMENT LLC $20,442,422 833,704 1.29% Shares
Man Group plc $19,991,426 815,311 1.26% Shares
Robeco Institutional Asset Management B.V. $19,328,454 788,273 1.22% Shares
BANK OF AMERICA CORP /DE/ $16,479,426 672,081 1.04% Shares
NORTHERN TRUST CORP $15,479,794 631,313 0.98% Shares
UBS Group AG $15,182,416 619,185 0.96% Shares
VICTORY CAPITAL MANAGEMENT INC $13,924,589 567,887 0.88% Shares
PRINCIPAL FINANCIAL GROUP INC $12,693,612 517,684 0.80% Shares
ROYAL BANK OF CANADA $10,827,000 441,582 0.68% Shares
AQR CAPITAL MANAGEMENT LLC $10,573,088 431,203 0.67% Shares
Nuveen, LLC $10,205,739 416,221 0.64% Shares
Cambria Investment Management, L.P. $9,848,605 401,656 0.62% Shares
Empowered Funds, LLC $9,730,075 396,822 0.61% Shares
Bank of New York Mellon Corp $9,277,804 378,377 0.58% Shares
VANGUARD FIDUCIARY TRUST CO $8,751,360 356,907 0.55% Shares
BRIDGEWAY CAPITAL MANAGEMENT, LLC $8,476,564 345,700 0.53% Shares
Creative Planning $7,922,824 323,117 0.50% Shares
Invesco Ltd. $6,915,621 282,040 0.44% Shares
Quinn Opportunity Partners LLC $6,676,771 272,299 0.42% Shares
Balyasny Asset Management L.P. $6,402,098 261,097 0.40% Shares
CITADEL ADVISORS LLC $6,362,376 259,477 0.40% Shares
WELLS FARGO & COMPANY/MN $6,264,002 255,465 0.39% Shares
JANE STREET GROUP, LLC $6,115,288 249,400 0.39% Call option
BNP PARIBAS FINANCIAL MARKETS $5,996,072 244,538 0.38% Shares
Edgestream Partners, L.P. $5,979,325 243,855 0.38% Shares
Public Sector Pension Investment Board $5,722,281 233,372 0.36% Shares
MARSHALL WACE, LLP $5,664,587 231,019 0.36% Shares
SEI INVESTMENTS CO $5,418,994 221,002 0.34% Shares
Quantedge Capital Pte Ltd $5,141,844 209,700 0.32% Shares
FIRST TRUST ADVISORS LP $5,015,737 204,557 0.32% Shares
Point72 Asset Management, L.P. $4,975,402 202,912 0.31% Shares
Universal- Beteiligungs- und Servicegesellschaft mbH $4,967,138 202,575 0.31% Shares
JACOBS LEVY EQUITY MANAGEMENT, INC $4,860,624 198,231 0.31% Shares
SEB Asset Management AB $4,841,073 197,434 0.30% Shares

Show all 322 institutional owners →

Company insiders 36 insiders · 17 officers · 15 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Jeremy Stoppelman Chief Executive Officer Aug. 20, 2026 F 918,455 0 14 $-10,127,041
David A Schwarzbach Chief Financial Officer Aug. 21, 2026 S 180,466 0 7 $-1,869,314
James Miln Interim CFO Feb. 3, 2020 S 36,690 0 0 $0
Charles Baker Chief Financial Officer Aug. 20, 2019 F 121,627 0 0 $0
Robert J Krolik Chief Financial Officer Feb. 23, 2016 S 35,863 0 0 $0
Joseph R Nachman Chief Operating Officer Aug. 20, 2026 F 250,993 0 9 $-1,982,588
Carmen Amara Chief People Officer Sept. 1, 2026 S 100,536 0 10 $-862,386
Alexander Coleman Levy Chief Technology Officer Aug. 24, 2026 S 54,124 0 1 $-89,599
Craig Saldanha Chief Product Officer May 20, 2026 F 260,895 0 7 $-232,920
Sam Eaton Chief Technology Officer May 20, 2026 F 208,882 0 1 $-5,626
YELP INC Chief Technology Officer Nov. 20, 2022 F 186,273 0 0 $0
Miriam Warren Chief Diversity Officer March 10, 2022 A 40,209 0 0 $0
Vivek Patel Chief Product Officer Nov. 23, 2021 S 98,387 0 0 $0
Laurence Wilson Chief Administrative Officer Nov. 22, 2021 F 160,049 0 0 $0
Carolyn Patterson Chief People Officer May 28, 2021 M 69,785 0 0 $0
Alan Ramsay Chief Accounting Officer May 20, 2019 F 28,966 0 0 $0
Michael Stoppelman Sr VP, Engineering Feb. 21, 2017 M 117,647 0 0 $0
Dan Jedda Director June 5, 2026 A 27,746 0 1 $-30,773
Christine Barone Director June 5, 2026 A 26,574 0 2 $-805,886
Sharon Rothstein Director June 5, 2026 A 53,071 0 0 $0
Logan Green Director June 5, 2026 A 23,777 0 0 $0
Royce A. Wells Director June 5, 2026 A 45,833 0 0 $0
Robert Lane Gibbs Director June 5, 2026 A 64,749 0 0 $0
Diane M Irvine Director June 5, 2026 A 101,803 0 0 $0
Fred D Anderson Director June 5, 2026 A 64,164 0 0 $0
Brian Sharples Director June 3, 2021 A 18,193 0 0 $0
Mariam Naficy Director March 1, 2019 A 1,136 0 0 $0
Geoffrey L Donaker Director Feb. 26, 2019 S 341,940 0 0 $0
Jeremy S. Levine Director March 1, 2018 A 100,887 0 0 $0
Peter H. Fenton Director March 1, 2018 A 2,970 0 0 $0
Keith Rabois Director June 28, 2013 A 0 0 0 $0
Max R Levchin 10% owner Sept. 22, 2016 C 2,691,757 0 0 $0
Bruce W. Dunlevie 10% owner March 15, 2013 G 0 0 0 $0
Mitchell H. Lasky 10% owner Feb. 28, 2013 S 0 0 0 $0
Chris Terrill · June 13, 2024 A 24,329 0 0 $0
George Hu · June 9, 2023 A 30,974 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 71 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
RNIN · EA Series Trust 1.28% 88,336 NS July 31, 2026 N-PORT
SYLD · Cambria ETF Trust 1.08% 405,044 NS July 31, 2026 N-PORT
PSCU · Invesco Exchange-Traded Fund Trust … 0.98% 7,626 SH Oct. 1, 2026 Daily
SCOW · Pacer Funds Trust 0.76% 492 NS July 31, 2026 N-PORT
SOCL · Global X Funds 0.67% 23,174 NS July 31, 2026 N-PORT
ROSC · Lattice Strategies Trust 0.66% 15,247 NS July 31, 2026 N-PORT
CAFG · Pacer Funds Trust 0.56% 6,384 NS July 31, 2026 N-PORT
FYT · First Trust Exchange-Traded AlphaDE… 0.53% 38,989 NS July 31, 2026 N-PORT
VFMV · VANGUARD WELLINGTON FUND 0.42% 70,978 SH Aug. 19, 2026 Daily
FYX · First Trust Exchange-Traded AlphaDE… 0.34% 177,883 NS July 31, 2026 N-PORT
EBIT · Harbor ETF Trust 0.33% 1,504 NS July 31, 2026 N-PORT
CALF · Pacer Funds Trust 0.31% 427,310 NS July 31, 2026 N-PORT
XSHQ · Invesco Exchange-Traded Fund Trust … 0.29% 44,911 SH Oct. 1, 2026 Daily
JPSE · J.P. Morgan Exchange-Traded Fund Tr… 0.15% 34,119 NS July 31, 2026 N-PORT
LSVD · ADVISORS' INNER CIRCLE FUND 0.15% 37,041 NS July 31, 2026 N-PORT
FSMD · FIDELITY COVINGTON TRUST 0.13% 118,644 NS July 31, 2026 N-PORT
VFMF · VANGUARD WELLINGTON FUND 0.12% 33,832 SH Aug. 19, 2026 Daily
FAB · First Trust Exchange-Traded AlphaDE… 0.11% 6,743 NS July 31, 2026 N-PORT
DFSV · Dimensional ETF Trust 0.10% 296,244 NS July 31, 2026 N-PORT
RWJ · Invesco Exchange-Traded Fund Trust … 0.09% 91,126 SH Oct. 1, 2026 Daily
FCOM · FIDELITY COVINGTON TRUST 0.08% 54,601 NS July 31, 2026 N-PORT
VIOG · VANGUARD ADMIRAL FUNDS 0.08% 36,066 SH Aug. 19, 2026 Daily
VOX · VANGUARD WORLD FUND 0.08% 184,416 SH Aug. 19, 2026 Daily
DFAT · Dimensional ETF Trust 0.07% 388,457 NS July 31, 2026 N-PORT
VIOO · VANGUARD ADMIRAL FUNDS 0.07% 182,155 SH Aug. 19, 2026 Daily
QVMS · Invesco Exchange-Traded Fund Trust … 0.07% 8,608 SH Oct. 1, 2026 Daily
OMFS · Invesco Exchange-Traded Self-Indexe… 0.07% 9,352 SH Oct. 1, 2026 Daily
VIOV · VANGUARD ADMIRAL FUNDS 0.06% 46,558 SH Aug. 19, 2026 Daily
ESML · iShares Trust 0.06% 74,247 SH Sept. 11, 2026 Daily
BBSC · J.P. Morgan Exchange-Traded Fund Tr… 0.05% 13,961 NS July 31, 2026 N-PORT
VTWV · VANGUARD SCOTTSDALE FUNDS 0.05% 28,285 SH Aug. 19, 2026 Daily
RSSL · Global X Funds 0.05% 25,651 NS July 31, 2026 N-PORT
VTWO · VANGUARD SCOTTSDALE FUNDS 0.04% 309,142 SH Aug. 19, 2026 Daily
IWM · iShares Trust 0.04% 1,363,423 SH Sept. 11, 2026 Daily
DFAS · Dimensional ETF Trust 0.04% 207,255 NS July 31, 2026 N-PORT
VBK · VANGUARD INDEX FUNDS 0.03% 687,236 SH Aug. 19, 2026 Daily
VTWG · VANGUARD SCOTTSDALE FUNDS 0.03% 22,634 SH Aug. 19, 2026 Daily
RILA · Spinnaker ETF Series 0.03% 544 NS July 31, 2026 N-PORT
IWO · iShares Trust 0.03% 197,628 SH Sept. 11, 2026 Daily
PNQI · Invesco Exchange-Traded Fund Trust 0.03% 8,248 SH Oct. 1, 2026 Daily
PKW · Invesco Exchange-Traded Fund Trust 0.03% 24,936 SH Oct. 1, 2026 Daily
DXUV · Dimensional ETF Trust 0.02% 4,396 NS July 31, 2026 N-PORT
VB · VANGUARD INDEX FUNDS 0.02% 1,197,408 SH Aug. 19, 2026 Daily
ISCG · iShares Trust 0.01% 6,423 SH Sept. 11, 2026 Daily
VXF · VANGUARD INDEX FUNDS 0.01% 600,077 SH Aug. 19, 2026 Daily
PRF · Invesco Exchange-Traded Fund Trust 0.01% 46,933 SH Oct. 1, 2026 Daily
DFUV · Dimensional ETF Trust 0.01% 49,934 NS July 31, 2026 N-PORT
WSML · iShares Trust 0.01% 2,372 SH Sept. 11, 2026 Daily
DFAC · Dimensional ETF Trust 0.01% 121,410 NS July 31, 2026 N-PORT
DCOR · Dimensional ETF Trust 0.01% 6,366 NS July 31, 2026 N-PORT
IGM · iShares Trust 0.00% 24,553 SH Sept. 11, 2026 Daily
DFSU · Dimensional ETF Trust 0.00% 2,411 NS July 31, 2026 N-PORT
IWV · iShares Trust 0.00% 19,303 SH Sept. 8, 2026 Daily
ITOT · iShares Trust 0.00% 79,282 SH Sept. 11, 2026 Daily
DFAU · Dimensional ETF Trust 0.00% 7,943 NS July 31, 2026 N-PORT
DFUS · Dimensional ETF Trust 0.00% 5,529 NS July 31, 2026 N-PORT
TILT · FlexShares Trust 0.00% 316 NS July 31, 2026 N-PORT
VTI · VANGUARD INDEX FUNDS 0.00% 1,662,874 SH Aug. 19, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.00% 43,355 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.00% 4,702 SH Aug. 19, 2026 Daily
ESGV · VANGUARD WORLD FUND 0.00% 11,866 SH Aug. 19, 2026 Daily
IJR · iShares Trust · 3,184,620 SH Sept. 10, 2026 Daily
IJT · iShares Trust · 287,481 SH Sept. 9, 2026 Daily
IJS · iShares Trust · 196,944 SH Sept. 8, 2026 Daily
IWN · iShares Trust · 304,919 SH Sept. 11, 2026 Daily
XJR · iShares Trust · 7,248 SH Aug. 31, 2026 Daily
SVAL · iShares Trust · 22,000 SH Sept. 3, 2026 Daily
ISCB · iShares Trust · 2,274 SH Sept. 11, 2026 Daily
ISCV · iShares Trust · 7,017 SH Sept. 11, 2026 Daily
SMLF · iShares Trust · 47,681 SH Sept. 11, 2026 Daily
SMMV · iShares Trust · 21,611 SH Sept. 1, 2026 Daily

YELP Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 16 analysts HOLD
Median target $25.00 +36.9%
0 0.0% Strong Buy
2 12.5% Buy
9 56.2% Hold
3 18.8% Sell
2 12.5% Strong Sell

12-Month Price Target

8 analysts · 2026-09-27

Mean target $25.12 +37.6%

← Below all targets Current price $18.26
Low$19.00 Mean$25.12 High$30.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
YELP $1.82B 13.6 3.8% 9.9% 20.0% ·
PPLI · · · · · ·
CARG · 24.7 13.7% 17.2% 38.5% 92.8%
DJT · -4.7 · · · ·
GRND $2.51B 31.5 27.6% 21.5% 80.7% ·
ZD $1.35B 30.6 3.5% 3.3% 2.6% ·
WBTN $1.70B -4.9 2.5% -25.0% -26.2% ·
GTM $3.13B 26.8 2.9% 9.9% 8.1% 84.0%
TRIP $1.67B 47.0 3.0% 2.1% 6.3% ·
FUBO $5.13B -28.0 18.6% -10.6% -31.6% ·
NXDR · -15.0 4.2% -21.0% -12.6% ·

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

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Source: SEC 10-Q filed Aug 7, 2026