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

Yatsen Holding's Operating Leases history runs 7 years deep, the most recent figure standing at $17.4 million for Q4 2025.

• In Q4 2025, Operating Leases rose 13.88% year-over-year to $17.4 million; the TTM figure through Dec 2025 stood at $17.4 million (up 13.88% YoY), while the FY2025 annual figure was $17.6 million, up 17.37% from the prior year.
• Operating Leases was $17.4 million for Q4 2025 at Yatsen Holding, down from $17.9 million in the prior quarter.
• In the past five years, Operating Leases ranged from a high of $56.5 million in Q1 2021 to a low of $5.4 million in Q1 2023.
• Historically, Operating Leases has averaged $18.8 million across 5 years, with a median of $15.9 million in 2024.
• The sharpest annual moves came in 2022 and 2024: Operating Leases sank 81.43% in 2022, then surged 126.45% in 2024.
• A 5-year view of Operating Leases shows it stood at $32.3 million in 2021, then plunged by 76.91% to $7.5 million in 2022, then grew by 26.31% to $9.4 million in 2023, then jumped by 62.0% to $15.2 million in 2024, then grew by 13.88% to $17.4 million in 2025.
• The last three Operating Leases figures came in at $17.4 million (Q4 2025), $17.9 million (Q3 2025), and $18.2 million (Q2 2025), per Business Quant data.