YSG
Yatsen Holding
NYSE: YSG · CONSUMER DEFENSIVE · HOUSEHOLD & PERSONAL PRODUCTS
$2.76
-2.47% today
Updated 2026-04-29
Market cap
$262.81M
P/E ratio
—
P/S ratio
0.06x
EPS (TTM)
$-0.12
Dividend yield
—
52W range
$3 – $12
Volume
0.1M
Yatsen Holding (YSG) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $660.10M | $3.02B | $4.95B | $5.76B | $3.77B | $3.41B | $3.44B | $4.18B |
| Revenue growth (YoY) | — | +358.0% | +63.7% | +16.5% | -34.6% | -9.5% | +0.8% | +21.5% |
| Cost of revenue | $241.13M | $1.10B | $1.77B | $1.92B | $1.21B | $901.33M | $787.24M | $869.69M |
| Gross profit | $418.97M | $1.92B | $3.18B | $3.85B | $2.56B | $2.51B | $2.65B | $3.31B |
| Gross margin | 63.5% | 63.6% | 64.3% | 66.8% | 68.0% | 73.6% | 77.1% | 79.2% |
| R&D | $2.74M | $23.12M | $62.88M | $140.25M | $129.10M | $111.68M | $110.84M | $133.56M |
| SG&A | $124.58M | $509.45M | $2.57B | $1.38B | $720.41M | $500.94M | $444.37M | $3.41B |
| Operating income | $-34.61M | $143.37M | $-2.54B | $-1.60B | $-945.21M | $-559.24M | $-427.79M | $-180.73M |
| Operating margin | -5.2% | 4.7% | -51.3% | -27.8% | -25.1% | -16.4% | -12.4% | -4.3% |
| EBITDA | $-33.02M | $214.42M | $-2.29B | $-1.11B | $-500.55M | $-560.08M | $-501.64M | $-180.73M |
| EBITDA margin | -5.0% | 7.1% | -46.2% | -19.3% | -13.3% | -16.4% | -14.6% | -4.3% |
| EBIT | $-37.30M | $146.94M | $-2.54B | $-1.53B | $-845.77M | $-763.46M | $-724.82M | — |
| Interest expense | $214000.00 | $3.51M | $262.93M | $506.73M | $34.66M | — | — | — |
| Income tax | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-41.69M | $75.16M | $-2.54B | $-1.52B | $-829.69M | $-744.69M | $-718.21M | $-78.66M |
| Net income growth (YoY) | — | +280.3% | -3481.1% | +40.2% | +45.4% | +10.2% | +3.6% | +89.0% |
| Profit margin | -6.3% | 2.5% | -51.4% | -26.4% | -22.0% | -21.8% | -20.9% | -1.9% |