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.

• On a quarterly basis, Operating Leases rose 13.88% year-over-year to $17.4 million in Q4 2025; TTM through Dec 2025 was $17.4 million, a 13.88% increase from a year earlier, with the FY2025 full-year figure at $17.6 million, up 17.37% from the prior year.
• Operating Leases eased to $17.4 million in Q4 2025 per YSG's latest filing, from $17.9 million in the prior quarter.
• Across five years, Operating Leases topped out at $56.5 million in Q1 2021 and bottomed at $5.4 million in Q1 2023.
• The 5-year median for Operating Leases is $15.9 million (2024), against an average of $18.8 million.
• Across the five-year window, Operating Leases sank 81.43% in 2022 and jumped 126.45% in 2024, its largest moves.
• Year by year, Operating Leases stood at $32.3 million in 2021, then slumped 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.
• Per Business Quant, the three latest YSG Operating Leases figures stand at $17.4 million (Q4 2025), $17.9 million (Q3 2025), and $18.2 million (Q2 2025).