Yatsen Holding Ltd income statement

In fiscal 2025, Yatsen Holding Ltd reported revenue of $598m, up 26.8% on the year before, operating income of −$25.9m (a -4.3% margin) and net income of −$11.3m, or −$0.11 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Yatsen Holding Ltd: income statement, annual
Fiscal year	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	96	439	759	905	552	483	472	598
Cost of revenue	35	160	271	301	177	127	108	130
Gross profit	61	279	488	604	375	355	364	468
Research and development	0	3	10	22	19	16	15	19
Selling and marketing	47	181	495	621	347	315	315	397
General and administrative	7	30	311	146	107	71	62	42
Operating income	−5	21	−389	−252	−138	−129	−115	−26
Net interest income	−0	1	2	7	5	13	12	6
Provision for credit losses	—	—	0	—	—	—	—	—
Income before tax	−5	21	−389	−240	−122	−106	−99	−13
Income tax	1	10	1	−0	0	−0	−0	−0
Net income	−6	11	−390	−239	−121	−106	−98	−11
Diluted EPS	—	—	—	−$1.89	−$1.01	−$0.96	−$0.97	−$0.11
Diluted shares (average)	41m	68m	125m	126m	119m	110m	101m	93m
EBITDA	−5	23	−378	−232	−121	−121	−109	−21

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Yatsen Holding Ltd's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Yatsen Holding Ltd.