Yatsen Holding Q2 Revenue Up 37 Percent
Yatsen Holding(NYSE:YSG) reported results for the fiscal second quarter ended June 30, 2025, on August 21, 2025, posting total net revenues (GAAP) of RMB1.09 billion, up 36.8% year over year, and achieving a non-GAAP net profit margin of 1.1% compared to a prior-year non-GAAP net loss margin of 9.4%. The company’s three major skincare brands achieved 88.1% growth in their combined revenue. Management raised full-year revenue guidance to $778.6 million to $880.1 million, suggesting anticipated year-over-year growth of 15% to 30%.
Gross margin (GAAP) increased from 76.7% to 78.3%, while operating expenses as a percentage of revenue dropped from 93.7% to 83.4%, with general and administrative expenses falling 7.3 percentage points. The company reversed net cash outflows by posting $77.7 million in net cash generated from operations, compared to negative $148.2 million for the prior year.
Sustained efficiency gains are transforming the business model and bolstering the investment case for long-term earnings inflection.
Source Fool.com
