Growth Metrics

Yatsen Holding (YSG) Cost of Revenue (2019 - 2025)

Yatsen Holding has reported Cost of Revenue over the past 7 years, most recently at $44.1 million for Q4 2025.

  • For Q4 2025, Cost of Revenue rose 25.85% year-over-year to $44.1 million; the TTM value through Dec 2025 reached $131.7 million, up 22.38%, while the annual FY2025 figure was $407.9 million, 283.54% up from the prior year.
  • Cost of Revenue for Q4 2025 was $44.1 million at Yatsen Holding, up from $30.6 million in the prior quarter.
  • Over five years, Cost of Revenue peaked at $83.9 million in Q4 2021 and troughed at $23.3 million in Q3 2024.
  • A 5-year average of $42.1 million and a median of $36.2 million in 2022 define the central range for Cost of Revenue.
  • Biggest five-year swings in Cost of Revenue: skyrocketed 48.5% in 2021 and later plummeted 49.75% in 2022.
  • Year by year, Cost of Revenue stood at $83.9 million in 2021, then plummeted by 49.75% to $42.2 million in 2022, then decreased by 5.64% to $39.8 million in 2023, then decreased by 12.03% to $35.0 million in 2024, then increased by 25.85% to $44.1 million in 2025.
  • Business Quant data shows Cost of Revenue for YSG at $44.1 million in Q4 2025, $30.6 million in Q3 2025, and $33.0 million in Q2 2025.