Yatsen Holding Limited each representing twenty (20) (Class A) (YSG) Insider, 13F Hedge Fund & Politician Buy/Sell Thermometer

Per the Roarable RQD rating, YSG carries an RQD Score of 18, a letter grade of E, and a verdict label of "Roarable Strong Sell — Forensic Risk / Avoid." The five pillars are scored as follows:

• Fundamental Cash Engine: 1 / 20. Per the Roarable RQD rating, this reflects ROIC of -6.5% and FCF yield of -8.86%. For a prospective investor, this is the weakest read in the framework: the business is not currently generating returns above its cost of capital, and it is consuming rather than producing free cash flow relative to its market value.
• Whale 13F Flow: 3 / 20. Per the Roarable RQD rating, this pillar covers institutional accumulation and options positioning. A low score here means the source data does not show supportive institutional demand behind the shares.
• Insider Conviction: 3 / 20. Per the Roarable RQD rating, this pillar covers SEC Form 4 and Congressional PTR cluster flow. A low score indicates limited insider-driven conviction in the signal set.
• Macro Regime Fit: 3 / 20. Per the Roarable RQD rating, beta is 1.0 with sector sensitivity noted. The pillar does not indicate a strong regime tailwind.
• Forensic Balance Sheet: 8 / 20. Per the Roarable RQD rating, Altman Z is 0.2, Piotroski F is 4/9, and Debt/Equity is 0.5. The Altman Z reading sits in a distress-oriented range, which is the principal driver of the forensic warning embedded in the verdict.

Taken together, the investor implication is that the composite framework identifies limited upside drivers and elevated forensic risk. Valuation tradeoffs are not favorable on the cash-flow lens, since the company is not generating positive free cash flow on the reported figures. Any upside thesis would have to rest on a reversal in operating economics that the current source data does not evidence.

YSG is classified in the Consumer Discretionary sector and the Package Goods/Cosmetics industry, and is listed on the NYSE, per the company profile. The profile identifies the company as an issuer in this industry with a market capitalization of $0.2B. Per the source data, the product mix, customer base, and revenue model are not described beyond sector and industry classification. Gross margin of 78.2% is reported per the market data section.

Per the SEC financials, reported revenue moved from $481.0M in FY 2023 to $464.9M in FY 2024 and then to $614.6M in FY 2025, while operating income was negative in every reported period. Per the market data, operating margin is -4.3%, net margin is -1.9%, and ROIC is -6.5%. Per the Roarable RQD rating, the Altman Z-Score is 0.2 and the Piotroski F-Score is 4/9, with Debt/Equity at 0.5. Reported cash was $109.4M at FY 2025, down from $112.0M at FY 2024.

• What drove the FY 2023 net loss of $-747.8M against an operating loss of $-128.6M, and is that gap a one-time item or a recurring pattern?
• Why is FY 2025 revenue reported at $614.6M while operating income remained negative at $-26.6M, and what is the path to positive operating income?
• What is the company's debt position, since the debt field is reported as N/A across all periods despite a Debt/Equity figure of 0.5?
• What is the composition of the $109.4M cash balance, and how long does it fund the reported negative free cash flow?
• What explains the 52-week range of $2.15 to $7.19 relative to the current price of $2.35, and what is the market's current read on the business?