Youlife Group Inc. Reports Full Year 2025 Financial Results
Rhea-AI Summary
Youlife Group (NASDAQ:YOUL) reported fiscal 2025 results: revenues RMB1,854.3M (+16.9% YoY), gross margin 10.4% (down from 14.5%), operating income RMB6.8M, and net profit RMB42.7M versus a net loss in 2024. Cash and equivalents were RMB144.2M, up about 14.0% year-over-year. The company signed a share exchange to acquire YouheHR (closing expected May 2026) and disclosed multiple strategic MOUs and LOIs for vocational education, WaaS and other partnerships.
Positive
- Revenue +16.9% YoY to RMB1,854.3 million
- Employee management revenue +24.4% YoY to RMB1,719.6 million
- Net profit RMB42.7M in 2025 vs. net loss in 2024
- Cash +14.0% YoY to RMB144.2 million
- Share exchange signed to acquire YouheHR (4,967,810 shares; closing expected May 2026)
Negative
- Gross margin fell from 14.5% to 10.4% (≈410 bps decline)
- Operating income declined to RMB6.8M from RMB40.5M year earlier
- Selling expenses +53.8%, increasing to RMB79.7 million
- Marketing revenue -44.2% to RMB71.9 million and HR recruitment revenue -27.0% to RMB17.7 million
News Market Reaction – YOUL
In the Apr 28 session, YOUL declined 4.23%, reflecting a moderate negative market reaction. Argus tracked a peak move of +14.4% during that session. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Sep 09 | Earnings results | Positive | +24.4% | Strong H1 2025 growth and profitability with strategic expansion plans. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Limited earnings history shows a strong positive reaction to prior upbeat financial results.
Over the past months, Youlife has combined strategic initiatives with growing financial disclosures. An H1 2025 earnings release showed double‑digit revenue growth and a sharp rise in profitability, drawing a 24.43% positive reaction. Subsequent announcements focused on conference scheduling, a postponement and rescheduling of FY2025 results, and MOUs for vocational and WaaS platforms. Today’s full‑year 2025 earnings update follows that earlier profitability inflection and ongoing expansion strategy.
Key Terms
memorandum of understanding regulatory
mou regulatory
letter of intent regulatory
workforce-as-a-service technical
online-merge-offline technical
omo technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
- Revenues up
16.9% year-over-year toRMB 1,854.3 million - Employee management services revenue increased by
24.4% over last year - Net Profit of
RMB 42.7 million in fiscal 2025 vs a net loss in 2024 - Cash and cash equivalents increased
14.0% in the year compared to the prior period
Financial Highlights for the Fiscal Year 2025
- Total revenues increased by
16.9% fromRMB1,585.6 million for fiscal year 2024 toRMB1,854.3 million (US ) in fiscal year 2025.$265.2 million - Gross margin was
10.4% in fiscal year 2025 vs.14.5% in 2024. - Operating income was
RMB6.8 million (US ) for 2025 vs.$0.9 million RMB40.5 million for fiscal 2024. - Net profit was
RMB42.7 . million (US ) for fiscal year 2025 vs. a net loss of$6.1 million RMB52.4 million for the prior fiscal year.
Recent Developments
Strategic cooperation with Innova Tree:
On February 3, 2026, Youlife announced that it entered into a non-binding memorandum of understanding ("MOU") for strategic cooperation with Innova Tree, a
Under the MOU, Youlife and Innova Tree will pursue comprehensive collaboration across vocational education, skills training, workforce and talent services, and selected cultural tourism-related labor programs. This partnership aims to drive the bilateral mobility of professional talents between
Intention to joint develop Waas platform with VCI:
On January 28, 2026, Youlife announced that it entered into a non-binding letter of intent, expressing the intention to jointly develop, deploy, and commercialize a robotics-enabled workforce-as-a-service ("WaaS") platform in strategic collaboration with VCI Global Limited ("VCIG").
The platform will integrate robotics, artificial intelligence and human workforce management to deliver a guaranteed productivity capacity to enterprises and industrial clients across ASEAN and selected international markets.
Intention to acquire Anlian HR:
On January 23, 2026, Youlife announced that it entered into a non-binding letter of intent, setting forth the parties' preliminary intention for Youlife to acquire Anlian HR Limited ("Anlian HR"), a well-established OMO (Online-Merge-Offline) blue-collar recruitment platform provider in
This potential combination could support Youlife's long-term strategy to build a comprehensive, full-cycle blue-collar talent services ecosystem by enhancing recruitment delivery capabilities, strengthening offline service execution, and advancing lifecycle workforce management.
Aquisition of Youhe HR:
On January 22, 2026, Youlife, YouheHR Group Inc., a company organized under the laws of the
Pursuant to the Agreement, Youlife has agreed to acquire all of the issued and outstanding shares of YouheHR from the Seller, in exchange for certain newly issued 4,967,810 Class A ordinary shares of Youlife. The transaction under the Agreement is expected to consummate in May 2026.
Strategic Partnership with Sealand:
On January 9, 2026, Youlife announced a strategic partnership with Sealand Maritime Service Co., Ltd. ("Sealand") to build a new talent ecosystem for high-end cruise tourism services. Sealand is a leading cruise crew recruitment and dispatch company in
Changes in Board of Directors and Management
On April 13, 2026, the board of directors of Youlife (the "Board") appointed Mr. Tianshi Yang as the Chief Strategy Officer, immediately effective.
The Board nominated and appointed Ms. Liqun Yao as a Director on November 21, 2025, and Mr. Lidong Zhu resigned from the Board, effective from November 21, 2025. Ms. Yao was appointed as Youlife's acting Chief Financial Officer to replace Mr. Zhu.
The Board also nominated and appointed Mr. Jianming Yan as an independent Director of the Board, a member and the chairman of the audit committee of the Board, a member of the compensation committee of the Board, and a member of the nominating and corporate governance committee of the Board, which took effect on November 21, 2025.
With these changes, the Board now consists of seven directors, including three independent directors.
Management Remarks
Mr. Yunlei Wang, Founder, Chief Executive Officer and Chairman of the Board of Youlife, commented on Youlife's recent performance, "In fiscal 2025, we built a solid foundation and strategically positioned our business to help us achieve our expansion and growth strategy of our products and services throughout international markets. We advanced our discussions with future acquisition targets and continued our evaluation of how these target companies will benefit our business goals and initiatives. Additionally, we advanced our transition from a focus on organic growth to a dual-engine strategy that balances internal expansion with strategic acquisitions. In December, we announced our intention to acquire four regional human resources service companies, which we expect to broaden our geographic reach, enhance network density, and create opportunities for future operational synergies. Furthermore, during the latter half of fiscal year 2025, we made key changes to our management team and board of directors to put a team in place that best aligns with Youlife's strategy and plans for future success."
"As we look to fiscal 2026, we have continued to build on our momentum, with our January announcement of a joint venture agreement with Sealand, a leading cruise crew recruitment and dispatch company in
Mr. Tianshi Yang, Chief Strategy Officer of Youlife, added, "We are pleased with our financial performance in fiscal year 2025. Revenues grew by
Financial Results for Fiscal Year 2025
Total revenues increased by
- Vocational educational services. Revenues generated from vocational education services decreased by
9.8% fromRMB50.0 million for the year ended December 31, 2024, toRMB45.1 million (US ) for the year ended December 31, 2025, primarily due to termination of some education services which had long-term payback periods.$6.5 million - Employee management services. Revenues generated from employee management services increased by
24.4% fromRMB1,382.6 million for the year ended December 31, 2024 toRMB1,719.6 million (US ) for the year ended December 31, 2025. This growth was driven by an expanding corporate client base and rising demand for blue-collar labor. We captured this through optimized business controls and our integrated lifecycle value chain model. Furthermore, we successfully shifted our focus toward acquiring high-value clients in new industries and economies with significant outsourcing needs.$245.9 million - HR recruitment services. Revenues generated from HR recruitment services decreased by
27% fromRMB24.2 million for the year ended December 31, 2024 toRMB17.7 million (US ) for the year ended December 31, 2025. The decrease was primarily driven by a lower average service fee, as large-scale corporate clients opted for multi-settlement structures for high-fluidity roles. Additionally, a portion of our HR recruitment services was divested following the discontinuation of certain operations.$2.5 million - Marketing services and solutions. Revenues generated from marketing services decreased by
44.2% fromRMB128.8 million for the year ended December 31, 2024, toRMB71.9 million (US ) for the year ended December 31, 2025, primarily due the determination of selling goods through the online platform.$10.3 million
Cost of revenues increased by
Gross Margin
Gross margin decreased from
Total operating expenses decreased from
- Selling and marketing expenses increased by
53.8% fromRMB51.9 million for the year ended December 31, 2024, toRMB79.7 million (US ) for the year ended December 31, 2025, primarily because we developed a number of strategic clients.$11.4 million - Administrative expenses decreased by
30.0% fromRMB126.7 million for the year ended December 31, 2024, toRMB88.7 million (US ) for the year ended December 31, 2025. This was primarily driven by management's decision to streamline specific departments and reduce rental overhead.$12.7 million - Research and development expenses increased by
68.4% fromRMB10.0 million for the year ended December 31, 2024, toRMB16.9 million (US ) for the year ended December 31, 2025, primarily because we boosted R&D investment in innovative fields, such as industrial robotics.$2.4 million
Operating income was
Net profit was
Balance sheet
Cash and cash equivalents were
About Youlife Group Inc.
Youlife is a leading global provider of blue-collar lifecycle services, dedicated to modernizing blue-collar employment through data, training, and AI-driven workforce solutions. In the talent services sector, Youlife operates 180 domestic branches and over 10 overseas offices. By partnering with more than 10,000 renowned enterprises worldwide, Youlife provides stable and future-ready workforce infrastructure at scale. Under its "School-Enterprise Cooperation" model, Youlife maintains a nationwide network of vocational schools, including 37 schools and 146 curriculum development programs, covering 37 cities and counties across 16 provinces in
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements also include, but are not limited to, statements regarding future events and the future results of Youlife current expectations, estimates, forecasts, and projections about the industry in which Youlife operates, as well as the beliefs and assumptions of Youlife's management. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Youlife's management and are not predictions of actual performance. These statements involve risks, uncertainties and other factors that may cause Youlife's actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements.
YOULIFE GROUP INC. | ||||||||||||
UNAUDITED CONSOLIDATED BALANCE SHEETS | ||||||||||||
(Amount in thousands of Renminbi ("RMB") and | ||||||||||||
As of December 31, | ||||||||||||
2024 | 2025 | |||||||||||
RMB | RMB | USD | ||||||||||
ASSETS | ||||||||||||
Current assets | ||||||||||||
Cash and cash equivalents | 126,531 | 144,219 | 20,623 | |||||||||
Accounts receivables, net | 287,860 | 342,783 | 49,017 | |||||||||
Prepayments and other receivables, net | 248,494 | 448,083 | 64,075 | |||||||||
Inventories, net | 3,704 | 2,086 | 298 | |||||||||
Total current assets | 666,589 | 937,171 | 134,013 | |||||||||
Property and equipment | 147,303 | 61,864 | 8,846 | |||||||||
Right-of-use assets | 43,156 | 37,048 | 5,298 | |||||||||
Intangible assets | 9,986 | 8,361 | 1,196 | |||||||||
Long-term investment | - | 96,738 | 13,833 | |||||||||
Deferred tax assets | 28,147 | 23,369 | 3,342 | |||||||||
Other non-current assets | 13,182 | 78,305 | 11,198 | |||||||||
Total non-current assets | 241,774 | 305,685 | 43,713 | |||||||||
Total assets | 908,363 | 1,242,856 | 177,726 | |||||||||
LIABILITIES AND SHAREHOLDERS' DEFICIT | ||||||||||||
Current liabilities | ||||||||||||
Contract liabilities | 19,991 | 34,640 | 4,953 | |||||||||
Trade payables | 70,690 | 74,485 | 10,651 | |||||||||
Other payables and accruals | 141,888 | 212,849 | 30,437 | |||||||||
Short-term borrowings | 45,893 | 126,054 | 18,025 | |||||||||
Lease liabilities | 9,401 | 6,793 | 971 | |||||||||
Tax payable | 2,182 | 9,300 | 1,330 | |||||||||
Total current liabilities | 290,045 | 464,121 | 66,367 | |||||||||
Lease liabilities-non current | 27,902 | 25,491 | 3,645 | |||||||||
Long-term borrowings | 1,474 | - | - | |||||||||
Total non-current liabilities | 29,376 | 25,491 | 3,645 | |||||||||
Total liabilities | 319,421 | 489,612 | 70,012 | |||||||||
Commitments and Contingencies | ||||||||||||
SHAREHOLDERS' EQUITY | ||||||||||||
Ordinary shares ( | 51 | 55 | 8 | |||||||||
Treasury shares | (31) | (31) | (4) | |||||||||
Additional paid-in capital | 1,181,993 | 1,303,581 | 186,410 | |||||||||
Statutory surplus reserve | 9,367 | 10,531 | 1,506 | |||||||||
Accumulated losses | (621,794) | (579,876) | (82,921) | |||||||||
Total Youlife Group Inc. shareholders' equity | 569,586 | 734,260 | 104,999 | |||||||||
Non-controlling interests | 19,356 | 18,984 | 2,715 | |||||||||
Total shareholders' equity | 588,942 | 753,244 | 107,714 | |||||||||
Total liabilities, mezzanine equity and shareholders' equity | 908,363 | 1,242,856 | 177,726 | |||||||||
YOULIFE GROUP INC. | |||||||||||||||
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME | |||||||||||||||
(Amount in thousands of Renminbi ("RMB") and | |||||||||||||||
For the Year Ended December 31, | |||||||||||||||
2023 | 2024 | 2025 | |||||||||||||
RMB | RMB | RMB | USD | ||||||||||||
Revenue | 1,365,865 | 1,585,640 | 1,854,302 | 265,162 | |||||||||||
Cost of revenue | (1,165,446) | (1,356,511) | (1,662,236) | (237,697 | |||||||||||
Gross profit | 200,419 | 229,129 | 192,066 | 27,465 | |||||||||||
Operating expenses | |||||||||||||||
Selling and distribution expenses | (91,688) | (51,867) | (79,749) | (11,404 | |||||||||||
Administrative expenses | (115,367) | (126,705) | (88,683) | (12,682 | |||||||||||
Research and development expenses | (12,285) | (10,017) | (16,869) | (2,412 | |||||||||||
Total operating expenses | (219,340) | (188,589) | (185,301) | (26,498 | |||||||||||
(Loss)/income from operations | (18,921) | 40,540 | 6,765 | 967 | |||||||||||
Other income/(expense) | |||||||||||||||
Fair value gains/(losses) | 36,500 | (21,248) | 3,524 | 504 | |||||||||||
Other incomes | 2,815 | 11,611 | 50,270 | 7,188 | |||||||||||
Other expenses | (2,220) | (422) | (4,913) | (703 | |||||||||||
Gain/(loss) on dissolution of subsidiaries and branches | 29,312 | (8,820) | 4,844 | 693 | |||||||||||
Loss from disposal of equity investment | - | (59,018) | - | - | |||||||||||
Financial income/(expenses), net | 1,530 | (3,941) | (10,033) | (1,435 | |||||||||||
Total other income/(expense), net | 67,937 | (81,838) | 43,692 | 6,247 | |||||||||||
(LOSS)/PROFIT BEFORE TAX | 49,016 | (41,298) | 50,457 | 7,214 | |||||||||||
Income tax (expenses)/benefits | 30,256 | (11,090) | (7,747) | (1,108 | |||||||||||
Net profit/(loss) for the year from continuing operations | 79,272 | (52,388) | 42,710 | 6,106 | |||||||||||
Net profit from discontinued operations | 17,774 | - | - | - | |||||||||||
Net loss attribute to non-controlling interests | (2,217) | (12) | (372) | (53 | |||||||||||
Net profit/(loss) attribute to ordinary shareholders | 99,263 | (52,376) | 43,082 | 6,159 | |||||||||||
Net earnings/(loss) per share: | |||||||||||||||
Basic and diluted | |||||||||||||||
Continuing operations | 1.13 | (0.75) | 0.59 | 0.08 | |||||||||||
Discontinued operations | 0.29 | - | - | - | |||||||||||
Basic net earnings/(loss) per share | 1.42 | (0.75) | 0.59 | 0.08 | |||||||||||
Continuing operations | 1.13 | (0.75) | 0.59 | 0.08 | |||||||||||
Discontinued operations | 0.29 | - | - | - | |||||||||||
Diluted net earnings/(loss) per share | 1.42 | (0.75) | 0.59 | 0.08 | |||||||||||
Shares used in net earnings per share computation | |||||||||||||||
Basic | 70,000,000 | 70,000,000 | 72,899,967 | 72,899,967 | |||||||||||
Diluted | 70,000,000 | 70,000,000 | 72,899,967 | 72,899,967 | |||||||||||
TOTAL COMPREHENSIVE (LOSS)/INCOME FOR THE YEAR | 97,046 | (52,388) | 42,710 | 6,106 | |||||||||||
Comprehensive loss attribute to non-controlling interest | (2,217) | (12) | (372) | (53 | |||||||||||
Comprehensive (loss)/income attribute to ordinary shareholders | 99,263 | (52,376) | 43,082 | 6,159 | |||||||||||
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SOURCE Youlife Group Inc.