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Yatsen Holding (YSG) Operating Expenses (2019 - 2025)

Yatsen Holding has reported Operating Expenses over the past 7 years, most recently at -$155.0 million for Q4 2025.

  • For Q4 2025, Operating Expenses rose 11.85% year-over-year to -$155.0 million; the TTM value through Dec 2025 reached -$498.4 million, down 4.53%, while the annual FY2025 figure was $507.2 million, 7.56% up from the prior year.
  • Operating Expenses for Q4 2025 was -$155.0 million at Yatsen Holding, down from -$121.4 million in the prior quarter.
  • Over five years, Operating Expenses peaked at -$83.9 million in Q1 2023 and troughed at -$234.6 million in Q4 2021.
  • A 5-year average of -$141.1 million and a median of -$123.9 million in 2025 define the central range for Operating Expenses.
  • Biggest five-year swings in Operating Expenses: crashed 77.66% in 2021 and later surged 50.99% in 2022.
  • Year by year, Operating Expenses stood at -$234.6 million in 2021, then surged by 50.99% to -$115.0 million in 2022, then plummeted by 62.93% to -$187.3 million in 2023, then rose by 6.11% to -$175.9 million in 2024, then increased by 11.85% to -$155.0 million in 2025.
  • Business Quant data shows Operating Expenses for YSG at -$155.0 million in Q4 2025, -$121.4 million in Q3 2025, and -$126.5 million in Q2 2025.