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NYSE · Consumer discretionary

Yatsen Holding Ltd (YSG)

Yatsen Holding Ltd reported revenue of $614.6M in fiscal 2025, up 32.2% from a year earlier. It posted a net loss of $11.6M. In fiscal 2025 capital spending exceeded operating cash flow by $19.6M. At December 31, 2025 it held $109.4M in cash. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on April 29, 2026.

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Price
$1.96
+2.62% on the day · November 9, 2026
52-week range $1.67 to $7.09
Market cap
$184M
Revenue (FY2025)
$614.6M
+32.2% year on year
Net margin
-1.9%

Key facts about Yatsen Holding Ltd

Net worth
Yatsen Holding Ltd has a market value (market cap) of $184M at the latest share price, and shareholders' equity of $430.5M on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was $614.6M (+32.2% year on year), with a net loss of $11.6M.
Cash flow
In fiscal 2025 operations used $13.5M of cash.
Latest report
The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on April 29, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR

What Yatsen Holding Ltd does

Yatsen Holding Ltd is registered with the SEC under industry code SIC 2844 (Perfumes, Cosmetics & Other Toilet Preparations). Its shares trade on NYSE under the ticker YSG.

Revenue and profit by year

Revenue
FY20: $802M $802M FY20FY21: $916.4M $916.4M FY21FY22: $537.3M $537.3M FY22FY23: $481M $481M FY23FY24: $464.9M $464.9M FY24FY25: $614.6M $614.6M FY25
Net income
FY20: -$411.9M -$411.9M FY20FY21: -$241.8M -$241.8M FY21FY22: -$118.2M -$118.2M FY22FY23: -$747.8M -$747.8M FY23FY24: -$97M -$97M FY24FY25: -$11.6M -$11.6M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$614.6M-$26.6M-$11.6M-$0.01-$19.6M
2024$464.9M-$113M-$97M-$0.05-$40.6M
2023$481M-$128.6M-$747.8M-$0.05-$21.3M
2022$537.3M-$134.7M-$118.2M-$0.05$12.4M
2021$916.4M-$254.9M-$241.8M-$0.10-$182.3M
2020$802M-$411.1M-$411.9M-$0.73-$185.3M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Where YSG ranks in Consumer discretionary

Revenue$614.6M
#564 of 1077 in Consumer discretionary · Bottom 48%
Revenue growth+32.2%
#81 of 952 in Consumer discretionary · Top 8%
Net margin-1.9%
#677 of 968 in Consumer discretionary · Bottom 30%
Free cash flow margin-3.2%
#681 of 853 in Consumer discretionary · Bottom 20%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Consumer discretionary

Latest SEC filings

What Yatsen Holding Ltd has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 2, 2026
  2. May 26, 2026
  3. May 21, 2026
  4. April 29, 2026
    Annual report (foreign issuer) 20-F · period to December 31, 2025Revenue rose 32% to $614.6M versus the prior year; diluted EPS -$0.01 versus -$0.05.
  5. March 11, 2026
  6. March 2, 2026
  7. March 2, 2026
  8. February 12, 2026
  9. November 17, 2025
  10. November 14, 2025

Recent insider filings (Forms 3, 4 and 144): 10, the latest on September 15, 2026. Insider transactions on SEC

Insider trades

What the people running Yatsen Holding Ltd did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider trades were reported in the last 90 days.

Bought (open market)
$0
last 90 days
Sold
$0
last 90 days

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns YSG

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Veritas Vision Holding Limited13G, passive with 1 related filers 34.3% 643,671,174 February 12, 2026
Zhen Partners Fund IV, L.P.13G, passive with 3 related filers 10.36% 222,231,601 November 12, 2024

Latest filings below 5%: Banyan Partners III Ltd. 1.2% (November 14, 2025).

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

No insider reported holdings on a Form 4 in the last 12 months.

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about YSG

What does Yatsen Holding Ltd do?

Yatsen Holding Ltd is a company in the Consumer discretionary sector, listed on NYSE as YSG. Its shares trade on NYSE under the ticker YSG.

What is Yatsen Holding Ltd's net worth?

Yatsen Holding Ltd has a market value (market cap) of $184M at the latest share price, and shareholders' equity of $430.5M on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is Yatsen Holding Ltd profitable?

No. In fiscal 2025 it reported a net loss of $11.6M on revenue of $614.6M.

How much revenue does Yatsen Holding Ltd make?

In fiscal 2025 Yatsen Holding Ltd reported revenue of $614.6M. That is 32.2% more than a year earlier.

When did Yatsen Holding Ltd last report?

Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on April 29, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the new insider holdings from September 15, 2026.

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Where the numbers come from

Financial figures are the values Yatsen Holding Ltd tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.