Yatsen Holding Limited (YSG) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q4'21 | Q4'20 | Q3'20 | Q4'19 |
|---|
| Sales/Revenue | 1.36B | 993.2M | 1.08B | 831.94M | 1.17B | 662.15M | 797.19M | 777.85M | 1.05B | 723.75M | 885.8M | 768.99M | 968.14M | 893.98M | 1.52B | 1.93B | 1.24B | 1.12B |
| Revenue Growth % | 16.67% | 50% | 35.02% | 6.95% | 10.92% | -8.51% | -10% | 1.15% | 8.58% | -19.04% | - | - | -36.36% | - | -21.24% | 72.89% | - | - |
| Cost of Goods Sold | 293.5M | 216.79M | 234.08M | 174.07M | 259.43M | 159.61M | 185.72M | 173.41M | 276.9M | 206.93M | 223.8M | 197.59M | 280.08M | 277.84M | 532.58M | 650.47M | 426.83M | 416.61M |
| COGS % of Revenue | 21.57% | 21.83% | 21.75% | 20.92% | 22.25% | 24.1% | 23.3% | 22.29% | 26.34% | 28.59% | 25.26% | 25.69% | 28.93% | 31.08% | 35.01% | 33.68% | 34.32% | 37.29% |
| Gross Profit | 1.07B | 776.4M | 842.27M | 657.87M | 906.6M | 502.54M | 611.47M | 604.44M | 774.34M | 516.81M | 662M | 571.4M | 688.06M | 616.14M | 988.74M | 1.28B | 816.71M | 700.64M |
| Gross Margin % | 78.43% | 78.17% | 78.25% | 79.08% | 77.75% | 75.9% | 76.7% | 77.71% | 73.66% | 71.41% | 74.74% | 74.31% | 71.07% | 68.92% | 64.99% | 66.32% | 65.68% | 62.71% |
| Gross Profit Growth % | 17.68% | 54.5% | 37.74% | 8.84% | 17.08% | -2.76% | -7.63% | 5.78% | 12.54% | -16.12% | - | - | -30.41% | - | -22.82% | 82.85% | - | - |
| Operating Expenses | 1.08B | 859.54M | 897.22M | 691.85M | 894M | 640.77M | 747.11M | 763.07M | 956.23M | 750.13M | 801.35M | 578.59M | 763.4M | 893.03M | 1.49B | 2.79B | 1.45B | 630.73M |
| OpEx % of Revenue | 79.35% | 86.54% | 83.36% | 83.16% | 76.67% | 96.77% | 93.72% | 98.1% | 90.96% | 103.64% | 90.47% | 75.24% | 78.85% | 99.89% | 97.83% | 144.52% | 116.58% | 56.45% |
| Selling, General & Admin | 1.03B | 819.99M | 861.45M | 669.26M | 867.25M | 615.98M | 717.33M | 734.98M | 920.12M | 725.19M | 774.59M | 554.29M | 739.19M | 857.72M | 1.45B | 2.77B | 1.44B | 617.62M |
| SG&A % of Revenue | 75.77% | 82.56% | 80.03% | 80.45% | 74.38% | 93.03% | 89.98% | 94.49% | 87.53% | 100.2% | 87.45% | 72.08% | 76.35% | 95.94% | 95% | 143.21% | 115.44% | 55.28% |
| Research & Development | 38.25M | 39.55M | 35.77M | 22.59M | 26.75M | 24.78M | 29.78M | 28.09M | 36.11M | 24.93M | 26.75M | 24.29M | 24.21M | 35.31M | 43.13M | 25.22M | 14.19M | 13.12M |
| R&D % of Revenue | 2.81% | 3.98% | 3.32% | 2.72% | 2.29% | 3.74% | 3.74% | 3.61% | 3.44% | 3.44% | 3.02% | 3.16% | 2.5% | 3.95% | 2.83% | 1.31% | 1.14% | 1.17% |
| Other Operating Expenses | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -12.51M | -83.13M | -54.95M | -33.99M | 12.61M | -138.22M | -135.64M | -158.63M | -181.89M | -233.31M | -139.34M | -7.19M | -75.34M | -276.89M | -499.61M | -1.51B | -633.01M | 69.9M |
| Operating Margin % | -0.92% | -8.37% | -5.11% | -4.09% | 1.08% | -20.88% | -17.01% | -20.39% | -17.3% | -32.24% | -15.73% | -0.93% | -7.78% | -30.97% | -32.84% | -78.19% | -50.9% | 6.26% |
| Operating Income Growth % | -199.26% | 39.86% | 59.49% | 78.58% | 106.93% | 40.76% | 2.66% | -2107.06% | -141.44% | 15.74% | - | - | 84.92% | - | 66.92% | -2260.65% | - | - |
| EBITDA | 133.57M | -72.67M | -43.91M | -23.45M | 80.32M | -122.79M | -120.49M | -143.49M | -166.97M | -219.25M | -126M | 5.05M | -54.91M | -264.71M | -480.64M | -1.41B | -563.79M | 99.66M |
| EBITDA Margin % | 9.82% | -7.32% | -4.08% | -2.82% | 6.89% | -18.54% | -15.11% | -18.45% | -15.88% | -30.29% | -14.22% | 0.66% | -5.67% | -29.61% | -31.59% | -72.78% | -45.34% | 8.92% |
| EBITDA Growth % | 66.3% | 40.82% | 63.55% | 83.66% | 148.1% | 43.99% | 4.37% | -2943.9% | -204.05% | 17.17% | - | - | 88.57% | - | 65.81% | -1510.71% | - | - |
| D&A (Non-Cash Add-back) | 146.08M | 10.46M | 11.04M | 10.54M | 67.71M | 15.43M | 15.15M | 15.14M | 14.93M | 14.07M | 13.34M | 12.23M | 20.42M | 12.18M | 18.97M | 104.53M | 69.23M | 29.75M |
| EBIT | 4.37M | -70.57M | -20.91M | -8.52M | -378.78M | -112.03M | -96.95M | -131.19M | -491.83M | -192.09M | -106.16M | 31.95M | -52.66M | -233.41M | -470.52M | -1.51B | -631.61M | 73.87M |
| Net Interest Income | 6.85M | 11.7M | 11.47M | 10.61M | 20.97M | 7.72M | 28.83M | 28.61M | 15.76M | 30.32M | 15.95M | 26.99M | 7.46M | 10.83M | 10.88M | 5.29M | 2.1M | 4.71M |
| Interest Income | 6.85M | 11.7M | 11.47M | 10.61M | 20.97M | 7.72M | 28.83M | 28.61M | 15.76M | 30.32M | 15.95M | 26.99M | 7.46M | 10.83M | 10.88M | 5.29M | 2.1M | 4.71M |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 16.89M | 12.82M | 34.91M | 27.96M | -399.61M | 19.83M | 51.45M | 30.74M | -305.58M | 34.51M | 26.24M | 58.29M | 20.67M | 61.11M | 27.97M | 979.76K | 1.41M | 3.97M |
| Pretax Income | 4.37M | -70.32M | -20.04M | -6.02M | -387M | -118.39M | -84.19M | -127.9M | -487.47M | -198.8M | -113.1M | 51.1M | -54.67M | -215.78M | -471.64M | -1.51B | -631.61M | 73.87M |
| Pretax Margin % | 0.32% | -7.08% | -1.86% | -0.72% | -33.19% | -17.88% | -10.56% | -16.44% | -46.37% | -27.47% | -12.77% | 6.65% | -5.65% | -24.14% | -31% | -78.14% | -50.79% | 6.61% |
| Income Tax | 1.38M | -308.37K | -755.7K | -432.17K | -2.42M | 3.91K | 1.59M | -2.3M | -2.84M | 659.12K | -1.19M | 186.87K | -1.76M | 3.81M | 1.39M | -1.63M | 681.57K | 28.67M |
| Effective Tax Rate % | 31.52% | 0.44% | 3.77% | 7.18% | 0.63% | -0% | -1.89% | 1.8% | 0.58% | -0.33% | 1.05% | 0.37% | 3.21% | -1.77% | -0.29% | 0.11% | -0.11% | 38.81% |
| Net Income | 7.95M | -65.62M | -17.5M | -5.29M | -390.09M | -118.41M | -78.54M | -125.32M | -480.71M | -198.08M | -114.28M | 50.29M | -50.31M | -214.95M | -471.16M | -1.51B | -632.29M | 45.2M |
| Net Margin % | 0.58% | -6.61% | -1.63% | -0.64% | -33.45% | -17.88% | -9.85% | -16.11% | -45.73% | -27.37% | -12.9% | 6.54% | -5.2% | -24.04% | -30.97% | -78.03% | -50.85% | 4.05% |
| Net Income Growth % | 102.04% | 44.58% | 77.72% | 95.78% | 18.85% | 40.22% | 31.28% | -349.19% | -855.54% | 7.85% | - | - | 89.32% | - | 68.74% | -3434.07% | - | - |
| Net Income (Continuing) | 3M | -70.01M | -19.29M | -5.59M | -384.58M | -118.4M | -85.78M | -125.59M | -484.64M | -199.46M | -111.91M | 50.91M | -52.91M | -219.59M | -473.03M | -1.51B | -632.29M | 45.2M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -9.97M | -5.28M | 45.58M | 47.39M | 47.69M | 42.26M | 42.25M | 49.47M | 49.74M | 373.11M | 346.55M | 343.7M | 343.08M | 345.79M | 348.31M | 15.08M | 0 | 0 |
| EPS (Diluted) | 0.08 | -0.70 | -0.20 | -0.06 | -4.00 | -1.18 | -0.77 | -1.16 | -4.60 | -1.81 | -0.99 | 0.08 | -0.49 | -1.87 | -3.74 | -1.91 | -0.69 | 0.02 |
| EPS Growth % | 102% | 40.68% | 74.03% | 95% | 13.04% | 34.81% | 22.22% | -1550% | -838.78% | 3.21% | - | - | 86.9% | - | -95.81% | -9746.46% | - | - |
| EPS (Basic) | 0.08 | -0.70 | -0.19 | -0.06 | -4.00 | -1.24 | -0.80 | -1.16 | -4.60 | -1.81 | -1.00 | 0.08 | -0.50 | -1.87 | -3.80 | -1.91 | -0.69 | 0.02 |
| Diluted Shares Outstanding | 100.93M | 93.88M | 92.75M | 91.87M | 96.52M | 102.18M | 102.18M | 107.06M | 107.34M | 108.67M | 111.4M | 118.66M | 111.81M | 112.86M | 126.4M | 126.32M | 134.86M | 134.86M |
| Basic Shares Outstanding | 93.97M | 93.88M | 92.75M | 91.87M | 96.06M | 97.84M | 97.84M | 107.06M | 106.63M | 108.67M | 110.77M | 118.66M | 109.4M | 112.86M | 124.54M | 126.32M | 134.86M | 134.86M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |