Yatsen Holding Ltd
YSG NYSE· Perfumes, Cosmetics & Other Toilet Preparations
Last close · Oct 26, 2026
$2.40
KIRA · Stoqly’s AI analyst, in plain words
- Yatsen Holding Ltd had $598M of revenue in fiscal 2025, up 26.8% on the year before. Over five years, revenue changed −4.6% a year on average.
- Its operating margin was −4.3%, up 20.0 pts: of every 100 in sales, about −4 is left after running the business.
- Yatsen Holding Ltd lost $11.3M in fiscal 2025.
- Free cash flow was −$19.0M in fiscal 2025, −3.2% of revenue.
- Yatsen Holding Ltd returned $15.4M to shareholders in fiscal 2025. The diluted share count fell 8.0%.
Market cap
$224M
P/E
—
Revenue
$598M
Net income
−$11.3M
Free cash flow
−$19.0M
Operating margin
−4.3%
Yatsen Holding Ltd in 30 seconds · fiscal 2025
Are sales growing?
+26.8%
Yes. Sales grew 26.8% last year.
Does it make a profit?
−1.9%
No. It lost money last year.
Does profit turn into cash?
−3.2%
No. It spent more cash than it brought in.
How healthy are the accounts?
4 / 8
Mixed. It passes 4 of 8 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Yatsen Holding Ltd does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 29, 2026
- Legal name
- Yatsen Holding Ltd
- CIK
- 0001819580
Yatsen Holding Ltd · YSG
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $905M | $550M | $482M | $472M | $598M |
| Revenue growth | 19.4% | −39.2% | −12.4% | −2.2% | 26.8% |
| Net interest income | $7.1M | $5.1M | $12.6M | $12.0M | $5.7M |
| Gross margin | 66.8% | 68.0% | 73.6% | 77.1% | 78.2% |
| Operating margin | −27.8% | −25.1% | −26.7% | −24.3% | −4.3% |
| Net income | −$239M | −$121M | −$106M | −$98.4M | −$11.3M |
| Net margin | −26.4% | −22.0% | −21.9% | −20.9% | −1.9% |
| Diluted EPS | −$1.89 | −$1.01 | −$0.96 | −$0.97 | −$0.11 |
| Cash | |||||
| Cash from operations | −$158M | $20.2M | −$15.2M | −$33.9M | −$13.2M |
| Capital expenditure | $21.9M | $7.5M | $6.2M | $7.3M | $5.9M |
| Free cash flow | −$180M | $12.7M | −$21.3M | −$41.2M | −$19.0M |
| FCF margin | −19.9% | 2.3% | −4.4% | −8.7% | −3.2% |
| Share buybacks | $2.4M | $97.2M | $30.0M | $56.4M | $15.4M |
| Share count change | 203.1% | −6.1% | −7.5% | −7.8% | −8.0% |
| Debt and strength | |||||
| Cash and short-term investments | $494M | $375M | $289M | $186M | $144M |
| Shareholders' equity | $891M | $684M | $582M | $419M | $430M |
| Current ratio | 5.2x | 6.0x | 4.8x | 3.7x | 3.6x |
| Returns and quality | |||||
| Return on equity | −24.6% | −15.4% | −16.7% | −19.7% | −2.7% |
| Return on tangible equity | −37.5% | −26.3% | −25.8% | −30.7% | −3.4% |
| Piotroski F-score | 4 | 6 | 4 | 4 | 4 |
| Altman Z'' | 3.9 | 4.7 | 2.3 | −1.5 | −0.7 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Yatsen Holding Ltd · YSG
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $2.40 a share, the company is worth $224M.
Source: SEC EDGAR XBRL filings (CIK 0001819580). Data updated October 24, 2026. Filed in CNY under US GAAP and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. For information only — not investment advice. Check the original filings before relying on any figure.