Yatsen Announces First Quarter 2026 Financial Results
Yatsen reported Q1 2026 revenue of $148 million, up 22.5% year-over-year, driven by a 58.5% surge in its Skincare Brands segment. Gross margin expanded to 80.2% from 79.1%, but operating expenses rose 32.5% to $133 million, resulting in a GAAP net loss of $9.0 million and a Non-GAAP net loss of $8.3 million, compared to a Non-GAAP net income of $7.1 million in the prior year.
Key figures
- Revenue
- 148012000
- Guidance
- Q2 2026 revenue RMB1.20B-RMB1.30B (10-20% YoY growth)
- Revenue Yoy
- 22.5%
- Gross margin
- 80.2%
- Net loss gaap usd
- 8978000
- Operating loss usd
- 14345000
- Skincare revenue usd
- 83200000
- Skincare revenue yoy
- 58.5%
- Net loss non gaap usd
- 8301000
- Cash and investments usd
- 135400000
- Convertible notes principal usd
- 120000000
AI analysis
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