Yatsen Q2 Revenue Rises 5% but Net Loss Widens to RMB90.8M
Yatsen’s Q2 2026 net revenues rose 5.1% year over year to RMB1.14 billion. Net loss widened to RMB90.8 million from RMB19.5 million, and operating loss margin increased to 11.5%. Net cash from operating activities turned to a RMB78.0 million outflow. Filings disclose certain convertible notes as a non-current liability rather than ordinary shares.