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20-F

Annual Report (Foreign)

Yatsen Holding Limited YSG

0001193125-26-192038

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Filed
Apr 29, 2026 12:00 AM ET
Period of report
Restated figures. One or more values in this filing restate previously reported amounts.

On SEC.gov

Financials in this filing

Metric Period Value
Shares Diluted FY 2025 · Dec 31, 2025 1.86B sh
Shares Diluted FY 2025 · Dec 31, 2024 2.03B sh
Shares Diluted FY 2025 · Dec 31, 2023 2.2B sh
Stock Repurchased FY 2025 · Dec 31, 2025 $15.88M
Stock Repurchased FY 2025 · Dec 31, 2025 ¥111.02M
Stock Repurchased FY 2025 · Dec 31, 2024 ¥405.79M
Stock Repurchased FY 2025 · Dec 31, 2023 ¥212.69M
Capex FY 2025 · Dec 31, 2025 $6.02M
Capex FY 2025 · Dec 31, 2025 ¥42.07M
Capex FY 2025 · Dec 31, 2024 ¥52.74M
Capex FY 2025 · Dec 31, 2023 ¥43.65M
Operating Cash Flow FY 2025 · Dec 31, 2025 −$13.54M
Operating Cash Flow FY 2025 · Dec 31, 2025 −¥94.66M
Operating Cash Flow FY 2025 · Dec 31, 2024 −¥243.67M
Operating Cash Flow FY 2025 · Dec 31, 2023 −¥107.44M
Short Term Investments FY 2025 · Dec 31, 2025 $35.18M
Short Term Investments FY 2025 · Dec 31, 2025 ¥246.01M
Short Term Investments FY 2025 · Dec 31, 2024 ¥539.13M
Cash And Equivalents FY 2025 · Dec 31, 2025 $109.45M
Cash And Equivalents FY 2025 · Dec 31, 2025 ¥765.38M
Cash And Equivalents FY 2025 · Dec 31, 2024 ¥817.4M
Stockholders Equity FY 2025 · Dec 31, 2025 $430.51M
Stockholders Equity FY 2025 · Dec 31, 2025 ¥3.01B
Stockholders Equity FY 2025 · Dec 31, 2024 ¥3.06B
Current Liabilities FY 2025 · Dec 31, 2025 $87.98M
Current Liabilities FY 2025 · Dec 31, 2025 ¥615.28M
Current Liabilities FY 2025 · Dec 31, 2024 ¥640.19M
Total Liabilities FY 2025 · Dec 31, 2025 $121.02M
Total Liabilities FY 2025 · Dec 31, 2025 ¥846.34M
Total Liabilities FY 2025 · Dec 31, 2024 ¥867.85M
Current Assets FY 2025 · Dec 31, 2025 $319.49M
Current Assets FY 2025 · Dec 31, 2025 ¥2.23B
Current Assets FY 2025 · Dec 31, 2024 ¥2.35B
Total Assets FY 2025 · Dec 31, 2025 $550.11M
Total Assets FY 2025 · Dec 31, 2025 ¥3.85B
Total Assets FY 2025 · Dec 31, 2024 ¥3.97B
Eps Diluted FY 2025 · Dec 31, 2025 −$0.01
Eps Diluted FY 2025 · Dec 31, 2025 −¥0.04
Eps Diluted FY 2025 · Dec 31, 2024 −¥0.35
Eps Diluted FY 2025 · Dec 31, 2023 −¥0.34
Eps Basic FY 2025 · Dec 31, 2025 −$0.01
Eps Basic FY 2025 · Dec 31, 2025 −¥0.04
Eps Basic FY 2025 · Dec 31, 2024 −¥0.35
Eps Basic FY 2025 · Dec 31, 2023 −¥0.34
Sga Expense FY 2025 · Dec 31, 2025 $43.42M
Sga Expense FY 2025 · Dec 31, 2025 ¥303.63M
Sga Expense FY 2025 · Dec 31, 2024 ¥444.37M
Sga Expense FY 2025 · Dec 31, 2023 ¥500.94M
Rd Expense FY 2025 · Dec 31, 2025 $19.63M
Rd Expense FY 2025 · Dec 31, 2025 ¥137.3M
Rd Expense FY 2025 · Dec 31, 2024 ¥109.29M
Rd Expense FY 2025 · Dec 31, 2023 ¥111.7M
Net Income FY 2025 · Dec 31, 2025 −$11.57M
Net Income FY 2025 · Dec 31, 2025 −¥80.87M
Net Income FY 2025 · Dec 31, 2024 −¥708.17M
Net Income restated FY 2025 · Dec 31, 2023 −$747.76M
Net Income FY 2025 · Dec 31, 2023 −¥747.76M
Operating Income FY 2025 · Dec 31, 2025 −$26.57M
Operating Income FY 2025 · Dec 31, 2025 −¥185.79M
Operating Income FY 2025 · Dec 31, 2024 −¥824.89M
Operating Income FY 2025 · Dec 31, 2023 −¥913.36M
Gross Profit FY 2025 · Dec 31, 2025 $480.67M
Gross Profit FY 2025 · Dec 31, 2025 ¥3.36B
Gross Profit FY 2025 · Dec 31, 2024 ¥2.62B
Gross Profit FY 2025 · Dec 31, 2023 ¥2.51B
Cost Of Revenue FY 2025 · Dec 31, 2025 $133.96M
Cost Of Revenue FY 2025 · Dec 31, 2025 ¥936.78M
Cost Of Revenue FY 2025 · Dec 31, 2024 ¥776.24M
Cost Of Revenue FY 2025 · Dec 31, 2023 ¥901.46M
Revenue FY 2025 · Dec 31, 2025 $614.62M
Revenue FY 2025 · Dec 31, 2025 ¥4.3B
Revenue FY 2025 · Dec 31, 2024 ¥3.39B
Revenue FY 2025 · Dec 31, 2023 ¥3.41B