R&D expense · 2020–2025

Yatsen Holding R&D expense

$19.6M+31.1% · FY2025

Yatsen Holding (YSG) reported $19.6M in R&D expense for fiscal 2025, +31.1% year on year.

$10.2M2020$22.3M2021$18.4M2022$15.7M2023$15.0M2024$19.6M2025
Yatsen Holding — R&D expense, 2020–2025
Fiscal yearR&D expenseChangeFiling
FY20252025-12-31$19.6M+31.1%Open →
FY20242024-12-31$15.0M−4.8%Open →
FY20232023-12-31$15.7M−14.5%Open →
FY20222022-12-31$18.4M−17.5%Open →
FY20212021-12-31$22.3M+118.7%Open →
FY20202020-12-31$10.2M—Open →

R&D expense — Research and development expense is what the company charged to R&D in the income statement for the year. Most companies report no R&D at all — the line is absent rather than zero — so this ranking covers the roughly 40% of filers that do.

Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2020–2025 compound annual growth +14.0%

R&D expense at companies of similar size

Full ranking by R&D expense →

Cite this page

Ready-made references for the figures on this page, as published on September 25, 2026.

Wikipedia

{{cite web |title=Yatsen Holding R&D expense |url=https://companiesranked.com/en/company/yatsen-holding/research-and-development-expense |website=CompaniesRanked |date=2026-09-25 |language=en}}

APA 7

CompaniesRanked. (September 25, 2026). Yatsen Holding R&D expense. CompaniesRanked. https://companiesranked.com/en/company/yatsen-holding/research-and-development-expense

BibTeX

@misc{companiesranked-en-company-yatsen-holding-research-and-development-expense-2026,
  author       = {{CompaniesRanked}},
  title        = {{Yatsen Holding R\&D expense}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/company/yatsen-holding/research-and-development-expense}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

The filing itself

The numbers above are read from this document: 20-F · 0001193125-26-192038 · April 29, 2026

{{cite web |title=Yatsen Holding R&D expense — 20-F (0001193125-26-192038) |url=https://www.sec.gov/Archives/edgar/data/1819580/000119312526192038/ysg-20251231.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-04-29}}

The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.

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