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Yatsen (YSG) earnings
Yatsen earnings: last reported Wed, 2 Sep 2026, for the quarter ended Jun 2026.
Yatsen earnings callsYatsen earnings calls (YSG)
Latest concall · Q2 2026 · call held call held 02 Sept 2026
Yatsen Q2 FY26 — Skincare Drives Growth Amidst Challenging Industry
What went well
- Total net revenue grew 5.1% year-over-year to RMB 1.14 billion.
- Skincare portfolio revenue increased 40.4% year-over-year, now representing 71.5% of total net revenues.
- R&D expenses maintained at 3.3% of total net revenues, with Yatsen's Global Innovation R&D Center recognized as a national high-tech enterprise.
What to watch
- Gross margin decreased to 73.9% from 78.3% year-over-year, primarily due to higher inventory provisions in the color cosmetics business.
- Color cosmetics brands net revenue decreased 35.8% year-over-year.
Performance −70.1% 1Y
1Y: $9.31 on 29 Sept 2025 → $2.78. High $9.31 (29 Sept 2025), low $2.19 (20 May 2026).
Balance sheet
| Year ending | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Equity capital | $27.0K | $27.0K | $25.0K | $24.0K | $24.0K | $25.0K |
| Reserves | -$649.83M | -$907.35M | -$956.96M | -$1.03B | -$1.10B | -$1.16B |
| Total liabilities | $221.32M | $198.43M | $116.01M | $115.67M | $118.89M | $121.02M |
| Fixed assets | $43.72M | $38.49M | $10.96M | $9.14M | $10.19M | $11.01M |
| Investments | — | — | $155.55M | $171.62M | $73.86M | $35.18M |
| Total assets | $1.27B | $1.14B | $850.01M | $705.08M | $544.01M | $550.11M |
How to read this
As filed on each reporting date, including interim balance sheets. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Insider filings
No filings in the last 12 months.
No officer, director or 10% owner of YSG filed a Form 4 in this window. That is a statement about filings, not about ownership — see the note below.
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.