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Yatsen Holding (YSG)
NYSE:YSG
Earnings Data
Report Date
May 14, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a materially improved financial and operational picture: robust revenue growth (especially skincare-led), margin expansion, return to non-GAAP profitability, and successful R&D-driven product wins. However, there are notable concerns including elevated selling and marketing spend, a decline in color cosmetics, negative operating cash flow and reduced cash balances. On balance, the positive developments around recovery, margin improvement and strategic execution outweigh the remaining operational and cash-flow challenges.Company Guidance
Quarterly Revenue Growth
Total net revenue for Q4 2025 increased 20.1% year-over-year to RMB 1.38 billion (from RMB 1.15 billion), meeting prior guidance and outpacing the industry.
Full Year Revenue Recovery
Total net revenue for FY2025 rose 26.7% year-over-year to RMB 4.3 billion (from RMB 3.39 billion), marking a return to growth after 2024 declines.
Skincare-Led Expansion
Skincare brands drove growth: Q4 skincare revenue grew 51.9% YoY and accounted for 61.1% of Q4 net revenues; FY2025 skincare revenue grew 63.5% YoY and contributed 53% of total net revenues.
Improved Profitability and Margin Trends
Q4 GAAP net income of RMB 3.0 million (net income margin 0.2%) versus a Q4 FY2024 net loss of RMB 378.8 million; FY2025 net loss narrowed to RMB 92.4 million (loss margin 2.2%) from RMB 710.2 million (20.9%). Gross margin improved to 78.2% for FY2025 (from 77.1%).
Non-GAAP Turnaround
FY2025 delivered a non-GAAP net income of RMB 8.4 million (non-GAAP net income margin 0.2%) versus a non-GAAP net loss of RMB 128.2 million in the prior year, representing a return to non-GAAP profitability.
Operating Expense Discipline
Total operating expenses in Q4 decreased 15.6% YoY to RMB 1.08 billion, with operating expenses as a percentage of revenue improving to 78.6% from 111.8% in the prior year period; G&A as % of revenue fell to 5.4% from 8.7%.
Product & Brand Highlights Driven by R&D
R&D-led innovations and recognition: Galenic launches (VB serum and Couture Revelation cream) drove strong sales and awards; Dr. Wu launched PDRN serum and was recognized as Douyin’s annual growth breakthrough brand. R&D spend increased (Q4 R&D +47.5% YoY to RMB 38.8 million) supporting new product pipeline.
No Goodwill Impairment This Year
There was no impairment of goodwill in FY2025 versus a RMB 403.1 million goodwill impairment in the prior year, materially improving operating results.
Positive Near-Term Revenue Guidance
Q1 2026 revenue guidance of RMB 958.6 million to RMB 1.08 billion, representing an expected YoY increase of approximately 15% to 30%.
YSG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
YSG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 02, 2026 | $4.45 | $4.05 | -8.99% |
Nov 17, 2025 | $6.84 | $5.45 | -20.32% |
Aug 21, 2025 | $9.54 | $9.60 | +0.63% |
May 16, 2025 | $5.28 | $5.20 | -1.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Yatsen Holding (YSG) report earnings?
Yatsen Holding (YSG) is schdueled to report earning on May 14, 2026, Before Open (Confirmed).
What is Yatsen Holding (YSG) earnings time?
Yatsen Holding (YSG) earnings time is at May 14, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is YSG EPS forecast?
Currently, no data Available