Yatsen Holding (YSG) Research & Development (2019 - 2025)

Yatsen Holding's Research & Development history runs 7 years deep, the most recent figure standing at -$5.5 million for Q4 2025.

• In Q4 2025, Research & Development fell 53.7% year-over-year to -$5.5 million; the TTM figure through Dec 2025 stood at -$19.3 million (down 27.16% YoY), while the FY2025 annual figure was $19.6 million, up 31.13% from the prior year.
• Research & Development was -$5.5 million for Q4 2025 at Yatsen Holding, up from -$5.6 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of -$3.1 million in Q1 2025 to a low of -$6.8 million in Q4 2021.
• Historically, Research & Development has averaged -$4.6 million across 5 years, with a median of -$4.5 million in 2021.
• The sharpest annual moves came in 2021 and 2022: Research & Development tumbled 170.86% in 2021, then jumped 46.37% in 2022.
• A 5-year view of Research & Development shows it stood at -$6.8 million in 2021, then surged by 46.37% to -$3.6 million in 2022, then sank by 42.39% to -$5.2 million in 2023, then jumped by 30.46% to -$3.6 million in 2024, then tumbled by 53.7% to -$5.5 million in 2025.
• The last three Research & Development figures came in at -$5.5 million (Q4 2025), -$5.6 million (Q3 2025), and -$5.0 million (Q2 2025), per Business Quant data.