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

Yatsen Holding's Cost of Revenue history runs 7 years deep, the most recent figure standing at $44.1 million for Q4 2025.

• On a quarterly basis, Cost of Revenue rose 25.85% year-over-year to $44.1 million in Q4 2025; TTM through Dec 2025 was $131.7 million, a 22.38% increase from a year earlier, with the FY2025 full-year figure at $134.0 million, up 25.97% from the prior year.
• Cost of Revenue climbed to $44.1 million in Q4 2025 per YSG's latest filing, from $30.6 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $83.9 million in Q4 2021 and bottomed at $23.3 million in Q3 2024.
• The 5-year median for Cost of Revenue is $36.2 million (2022), against an average of $42.1 million.
• Across the five-year window, Cost of Revenue soared 48.5% in 2021 and plunged 49.75% in 2022, its largest moves.
• Year by year, Cost of Revenue stood at $83.9 million in 2021, then plunged by 49.75% to $42.2 million in 2022, then slipped by 5.64% to $39.8 million in 2023, then slipped by 12.03% to $35.0 million in 2024, then climbed by 25.85% to $44.1 million in 2025.
• Per Business Quant, the three latest YSG Cost of Revenue figures stand at $44.1 million (Q4 2025), $30.6 million (Q3 2025), and $33.0 million (Q2 2025).