6 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $615M | -$12M | 78.2% | -4.3% | -$20M | — | $109M |
| 2024 | $465M | -$97M | 77.1% | -24.3% | -$41M | — | $112M |
| 2023 | $481M | -$748M | 73.6% | -26.7% | -$21M | — | $118M |
| 2022 | $537M | -$118M | 68.0% | -25.1% | $12M | — | $219M |
| 2021 | $916M | -$242M | 66.8% | -27.8% | -$182M | — | $492M |
| 2020 | $802M | -$412M | 64.3% | -51.3% | -$185M | — | $878M |
How the market has priced YSG against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Yatsen Holding Ltd's revenue has declined 5.2% per year. These are computed facts, not advice.
As of FY2025, Yatsen Holding Ltd reported — of total debt against $109M of cash.
In FY2025, gross margin was 78.2%, operating margin -4.3%, and net margin -1.9%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (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 (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.