tradmap

YSG Financials Yatsen Holding Ltd

8 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings, in CNY as reported — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has declined 3.9% per year over the past 5 years.
  • Operating margin has expanded, at -4.3% in the latest year.

Financial health

  • The company is unprofitable; at its current free-cash-flow burn it has roughly 5.6 years of cash runway.
Revenue & net income
-CN¥3B CN¥2B CN¥6B CN¥0 2018 2019 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-51% 13% 78% 0% 2018 2019 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-135% -66% 4% 0% 2018 2019 2020 2021 2022 2023 2024 2025
ROEROA
Free cash flow (CFO − capex)
-CN¥1B -CN¥562M CN¥85M CN¥0 2018 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
CN¥0 CN¥3B CN¥6B 2018 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-CN¥1B CN¥3B CN¥7B CN¥0 2018 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 CN¥4.3B -CN¥81M 78.2% -4.3% -2.7% -2.1% -CN¥137M — CN¥765M
2024 CN¥3.4B -CN¥708M 77.1% -24.3% -23.2% -17.8% -CN¥296M — CN¥817M
2023 CN¥3.4B -CN¥748M 73.6% -26.7% -18.1% -14.9% -CN¥151M — CN¥837M
2022 CN¥3.7B -CN¥815M 68.0% -25.1% -17.3% -13.9% CN¥85M — CN¥1.5B
2021 CN¥5.8B -CN¥1.5B 66.8% -27.8% -27.2% -21.2% -CN¥1.2B — CN¥3.1B
2020 CN¥5.2B -CN¥2.7B 64.3% -51.3% -39.2% -32.4% -CN¥1.2B — CN¥5.7B
2019 CN¥3.0B CN¥75M 63.6% 4.7% -135.1% 3.7% -CN¥113M — CN¥677M
2018 CN¥635M -CN¥40M 63.5% -5.2% — — -CN¥100M — —

Frequently asked questions

Is YSG growing its revenue and profit?

Over the past 5 years, Yatsen Holding Ltd's revenue has declined 3.9% per year. These are computed facts, not advice.

How much debt does YSG have?

As of FY2025, Yatsen Holding Ltd reported — of total debt against CN¥765M of cash.

What is YSG's profit margin?

In FY2025, gross margin was 78.2%, operating margin -4.3%, and net margin -1.9%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — its annual and interim reports, in CNY as reported (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (annual and interim filings, reported in CNY) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.