# Yatsen Holding Ltd: overview

YSG · NYSE · CIK 1819580 · [Consumer staples](/sectors/consumer-staples.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/ysg.md) · [Financials](/companies/ysg/financials.md) · [Filings](/companies/ysg/filings.md) · [Insiders](/companies/ysg/insiders.md)

Revenue is not reported in this company’s XBRL financial statements.

## Last eight quarters

Not reported.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [916](/filings/0001564590-22-015296.md) | [537](/filings/0000950170-23-014540.md) | [481](/filings/0000950170-24-048626.md) | [465](/filings/0000950170-25-056464.md) | [615](/filings/0001193125-26-192038.md) |
| Gross margin | % | [66.8%](/filings/0001564590-22-015296.md) | [68.0%](/filings/0000950170-23-014540.md) | [73.6%](/filings/0000950170-24-048626.md) | [77.1%](/filings/0000950170-25-056464.md) | [78.2%](/filings/0001193125-26-192038.md) |
| Operating margin | % | [(27.8%)](/filings/0001564590-22-015296.md) | [(25.1%)](/filings/0000950170-23-014540.md) | [(26.7%)](/filings/0000950170-24-048626.md) | [(24.3%)](/filings/0000950170-25-056464.md) | [(4.3%)](/filings/0001193125-26-192038.md) |
| Net margin | % | [(26.4%)](/filings/0001564590-22-015296.md) | [(22.0%)](/filings/0000950170-23-014540.md) | [(155.5%)](/filings/0001193125-26-192038.md) | [(20.9%)](/filings/0000950170-25-056464.md) | [(1.9%)](/filings/0001193125-26-192038.md) |
| Diluted EPS | $ per share | [(0.10)](/filings/0001564590-22-015296.md) | [(0.05)](/filings/0000950170-23-014540.md) | [(0.05)](/filings/0000950170-24-048626.md) | [(0.05)](/filings/0000950170-25-056464.md) | [(0.01)](/filings/0001193125-26-192038.md) |
| Free cash flow | $m | [(182)](/filings/0001564590-22-015296.md) | [12.4](/filings/0000950170-23-014540.md) | [(21.3)](/filings/0000950170-24-048626.md) | [(40.6)](/filings/0000950170-25-056464.md) | [(19.6)](/filings/0001193125-26-192038.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/ysg/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [HHLR ADVISORS, LTD.](/funds/1762304.md) | 2026-06-30 | $15.5m | 4,885,873 |  | Unchanged |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $8.8m | 2,766,425 |  | Reduced −495,032 |
| [BANK OF AMERICA CORP /DE/](/funds/70858.md) | 2026-06-30 | $4.9m | 1,545,081 |  | Reduced −79,994 |
| [Yiheng Capital Management, L.P.](/funds/1447228.md) | 2026-06-30 | $3.0m | 946,193 |  | Added +148,327 |
| [RENAISSANCE TECHNOLOGIES LLC](/funds/1037389.md) | 2026-06-30 | $1.7m | 541,047 |  | Reduced −71,546 |
| [Perseverance Asset Management International](/funds/1802695.md) | 2026-06-30 | $1.7m | 529,993 |  | Unchanged |
| [GOLDMAN SACHS GROUP INC](/funds/886982.md) | 2026-06-30 | $1.3m | 404,445 |  | Reduced −33,489 |
| [HELIOS CAPITAL MANAGEMENT PTE. LTD](/funds/1727612.md) | 2026-06-30 | $634.0k | 200,000 |  | Unchanged |
| [CITIGROUP INC](/funds/831001.md) | 2026-06-30 | $373.6k | 117,865 |  | Reduced −31,307 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $328.9k | 103,769 |  | Reduced −3,118 |

## Recent filings

[All 127 filings](/companies/ysg/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-02 | 06:35 ET | [6-K](/filings/0001193125-26-379301.md) | Report of a foreign private issuer, period 2026-09-02 | 0001193125-26-379301 |
| 2026-05-26 | 06:05 ET | [6-K](/filings/0001193125-26-237756.md) | Report of a foreign private issuer, period 2026-05-26 | 0001193125-26-237756 |
| 2026-05-21 | 06:04 ET | [6-K](/filings/0001193125-26-233304.md) | Report of a foreign private issuer, period 2026-05-21 | 0001193125-26-233304 |
| 2026-04-29 | 16:45 ET | [20-F](/filings/0001193125-26-192038.md) | Annual report of a foreign private issuer, period 2025-12-31 | 0001193125-26-192038 |
| 2026-03-11 | 06:12 ET | [6-K](/filings/0001819580-26-000003.md) | Report of a foreign private issuer, period 2026-03-11 | 0001819580-26-000003 |
| 2026-03-02 | 06:01 ET | [6-K](/filings/0001193125-26-084006.md) | Report of a foreign private issuer, period 2026-03-02 | 0001193125-26-084006 |
| 2026-03-02 | 06:00 ET | [6-K](/filings/0001193125-26-083864.md) | Report of a foreign private issuer, period 2026-03-02 | 0001193125-26-083864 |
| 2025-11-17 | 06:01 ET | [6-K](/filings/0001193125-25-283848.md) | Report of a foreign private issuer, period 2025-11-17 | 0001193125-25-283848 |
| 2025-08-21 | 06:01 ET | [6-K](/filings/0001193125-25-184595.md) | Report of a foreign private issuer, period 2025-08-21 | 0001193125-25-184595 |
| 2025-05-16 | 06:03 ET | [6-K](/filings/0000950170-25-073091.md) | Report of a foreign private issuer, period 2025-05-16 | 0000950170-25-073091 |

## Latest annual report

[Form 20-F for the fiscal year ended Dec 31, 2025](/filings/0001193125-26-192038.md), filed Apr 29, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1819580
- Tickers: YSG
- Exchange: NYSE
- SIC code: 2844 Perfumes, Cosmetics & Other Toilet Preparations
- State of incorporation: E9
- Filer category: Accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:48 ET. No prices; not investment advice.
