YSGNYSEPerfumes, Cosmetics & Other Toilet PreparationsFiscal year ends December 31

Yatsen Holding Ltd

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 29, 2026

$2.55−0.03 (-1.16%)

Close on Oct 19, 2026

Yatsen Holding Ltd income statement

AnnualQuarterlyTTM

CNY USD

Millions of CNY, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31
Revenue	4,298	3,393	3,415	3,706	5,840	5,233	3,031	635
Cost of Revenue	937	776	901	1,187	1,941	1,869	1,104	232
Gross Profit	3,361	2,617	2,513	2,519	3,899	3,364	1,928	403
Research & Development	137	109	112	127	142	67	23	2.64
Selling, General & Admin	3,156	2,713	2,732	3,051	4,947	5,555	1,461	353
Selling & Marketing	2,852	2,269	2,231	2,330	4,006	3,412	1,251	309
General & Administrative	304	444	501	720	941	2,143	209	43
Advertising Expenses	1,830	1,369	1,260	1,065	2,370	2,215	880	256
Operating Expenses	3,547	3,442	3,427	3,448	5,523	6,047	1,784	437
Operating Income	-186	-825	-913	-929	-1,624	-2,683	144	-33
Income from Equity Investments	5.94	1.39	10	13	5.98	-0.29	–	–
Other Non-Operating Income	47	44	54	104	28	-10	-1.68	–
Asset Impairment Charges	0	403	354	0	0	0	0	0
Gain (Loss) on Sale of Assets	0.73	1.12	1.19	-80	-36	-15	-0.75	-0.14
Pretax Income	-93	-713	-753	-819	-1,548	-2,681	147	-36
Income Tax Expense	-0.11	-3.09	-3.21	2.71	-0.92	6.97	72	4.01
Net Income incl. Noncontrolling Interests	-92	-710	-750	-821	-1,547	-2,688	75	-40
Minority Interest in Earnings	-12	-2.05	-5.44	-5.96	-6.30	-0.61	–	–
Net Income	-81	-708	-748	-815	-1,541	-2,688	75	-40
Net Income to Common	–	–	–	-815	-1,541	-3,984	-45	-47
EPS (Basic)(per share)	-0.04	-0.35	-0.34	-0.34	-0.61	-4.78	-0.10	-0.17
EPS (Diluted)(per share)	-0.04	-0.35	-0.34	-0.34	-0.61	-4.78	-0.10	-0.17
Shares Outstanding (Basic, Weighted)(shares)	1,863	2,025	2,196	2,373	2,527	834	450	271
Shares Outstanding (Diluted, Weighted)(shares)	1,863	2,025	2,196	2,373	2,527	834	450	271
Net Interest Income	41	86	89	35	46	14	5.32	-0.21
Provision for Credit Losses	–	–	–	–	–	2.64	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 78.2%
Operating margin: -4.3%
Net margin: -1.9%
Return on equity, FY2025: -2.7%

Financial strength

Current ratio: 3.63
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 124.4%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –

Valuation ratios need the share price and fill in once daily prices are connected.