Yatsen Holding Limited (YSG)
NYSE: YSG · Real-Time Price · USD
2.960
-0.040 (-1.33%)
At close: Aug 25, 2026, 4:00 PM EDT
2.990
+0.030 (1.01%)
After-hours: Aug 25, 2026, 7:43 PM EDT
Yatsen Holding Cash Flow Statement
Financials in millions CNY. Fiscal year is January - December.
Millions CNY. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | -80.87 | -708.17 | -747.76 | -815.37 | -1,541 |
Depreciation & Amortization | 146.08 | 220.06 | 203.41 | 339.26 | 427.26 |
Loss (Gain) From Sale of Assets | - | - | 0.38 | 0.92 | 2.67 |
Asset Writedown & Restructuring Costs | -0.73 | 401.95 | 352.85 | 80.29 | 36.23 |
Loss (Gain) From Sale of Investments | 13.45 | - | - | 5.08 | 1.38 |
Loss (Gain) on Equity Investments | 5.14 | -1.39 | -10.12 | -12.55 | -5.98 |
Stock-Based Compensation | 59.03 | 91.17 | 77.5 | 340.86 | 530.44 |
Provision & Write-off of Bad Debts | -2.27 | 0.62 | 19.89 | - | - |
Other Operating Activities | -29.3 | -49.55 | -65.1 | -32.34 | 58.7 |
Change in Accounts Receivable | -4.05 | -16.32 | -4.47 | 155 | 99.75 |
Change in Inventory | -124.79 | -11.17 | 109.44 | 278 | -109.93 |
Change in Accounts Payable | 77.28 | -33.6 | -14.16 | -120.97 | -244.44 |
Change in Unearned Revenue | 9.25 | -22.01 | 24.93 | -4.03 | 86.04 |
Change in Income Taxes | -6.4 | 2.14 | -3.88 | 5.08 | -1.44 |
Change in Other Net Operating Assets | -156.5 | -117.41 | -50.35 | -83.02 | -360.39 |
Operating Cash Flow | -94.66 | -243.67 | -107.44 | 136.21 | -1,020 |
Operating Cash Flow Growth | - | - | - | - | - |
Investing Activities
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -42.07 | -52.74 | -43.65 | -50.78 | -141.43 |
Sale of Property, Plant & Equipment | 4.12 | 2.1 | 1.95 | 4.1 | - |
Cash Acquisitions | - | - | - | -2.11 | -994.7 |
Sale (Purchase) of Intangibles | -1.74 | -4.28 | -0.32 | -8.55 | -25.3 |
Investment in Securities | 286.48 | 647.04 | -218.47 | -1,098 | -322.83 |
Investing Cash Flow | 246.79 | 592.12 | -260.49 | -1,155 | -1,484 |
Financing Activities
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Repaid | - | - | - | - | -0.1 |
Total Debt Repaid | - | - | - | - | -0.1 |
Net Debt Issued (Repaid) | - | - | - | - | -0.1 |
Issuance of Common Stock | 5.49 | 11.57 | 4.9 | 1.91 | 12.96 |
Repurchase of Common Stock | -111.02 | -405.79 | -212.69 | -654.65 | -15.16 |
Other Financing Activities | -45.92 | - | -134.66 | -1.71 | 0.6 |
Financing Cash Flow | -151.45 | -394.23 | -342.46 | -654.45 | -1.71 |
Net Cash Flow
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -10.59 | 5.03 | 14.19 | 89.98 | -88.98 |
Net Cash Flow | -9.9 | -40.74 | -696.19 | -1,584 | -2,595 |
Free Cash Flow
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -136.73 | -296.41 | -151.09 | 85.43 | -1,162 |
Free Cash Flow Growth | - | - | - | - | - |
Free Cash Flow Margin | -3.18% | -8.73% | -4.42% | 2.31% | -19.89% |
Free Cash Flow Per Share | -1.47 | -2.93 | -1.38 | 0.72 | -9.20 |
Levered Free Cash Flow | -193.68 | -1.67 | -47.42 | 425.93 | -505.32 |
Unlevered Free Cash Flow | -193.68 | -1.67 | -47.42 | 425.93 | -505.32 |
Additional Metrics
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Income Tax Paid | 4.9 | 2.91 | 7.75 | 6.11 | 6.19 |
Change in Working Capital | -205.21 | -198.37 | 61.52 | 230.05 | -530.42 |