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YSG: financial statements from SEC — TradeAlmanac

YSG

Yatsen Holding Limited: financial statements

Company reports as filed with the U.S. Securities and Exchange Commission.

AnnualQuarterly

Income statement

Metric	31/12/2025	31/12/2024	31/12/2023	31/12/2022
Revenue	4.30B	3.39B	3.41B	3.71B
Cost of revenue	937M	106M	901M	1.19B
Gross profit	3.36B	359M	2.51B	2.52B
Research and development	137M	109M	112M	127M
Selling, general and administrative	304M	444M	501M	720M
Operating expenses	3.55B	3.44B	3.43B	3.45B
Operating income	−186M	−113M	−913M	−929M
Pre-tax income	−93M	−713M	−753M	−819M
Income tax	−108,000	−3M	−3M	3M
Net income	−81M	−97M	−748M	−815M
Earnings per share	−0.04	−0.35	−0.34	−0.34
Earnings per share, diluted	−0.04	−0.05	−0.34	−0.34
Weighted average shares	1.86B	2.03B	2.20B	2.37B
Weighted average shares, diluted	1.86B	2.03B	2.20B	2.37B

Balance sheet

Metric	19/08/2026	18/08/2026	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021
Cash and equivalents	—	—	765M	112M	837M	—	—
Short-term investments	—	—

Cash flow

Metric	31/12/2025	31/12/2024	31/12/2023	31/12/2022
Operating cash flow	−95M	−33M	−107M	136M
Depreciation and amortisation	37M	38M	54M	114M
Capital expenditure	42M	7M	44M	51M
Investing cash flow

Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator