Youlife Group Inc. (YOUL) Balance Sheet

NASDAQ: YOULAssets, liabilities, debt and equity over 4 years.

YOUL balance sheet, 2025

December 31, 2025 · Chinese yuan

CN¥1.24B assets = CN¥489.6M liabilities + CN¥753.2M equity

Both columns are drawn to the same scale: what YOUL owns equals what it owes plus shareholders’ equity. Hover a block for its value.

YOUL financial health

Current ratio2.02

Comfortable · current assets cover current liabilities 2.02×

Debt / equity0.22

Low leverage · CN¥0.22 of debt for each $1 of equity

Equity / assets59.1%

Equity-funded · of assets funded by shareholders

Cash / debt91.1%

Partial cover · cash & short-term investments vs total debt

Goodwill & intangibles0.7%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

YOUL balance sheet trends, 2022–2025

Youlife Group Inc. American Depositary Shares balance sheet trends
Metric	Then	Latest	Change
Total assets	CN¥984.6M2022	CN¥1.24B2025	+8.1%/yr
Total liabilities	CN¥1.37B2022	CN¥489.6M2025	−29.0%/yr
Shareholders’ equity	−CN¥413.0M2022	CN¥734.3M2025	—
Cash & short-term investments	CN¥392.2M2022	CN¥144.2M2025	−28.4%/yr
Total debt	CN¥50.1M2022	CN¥158.3M2025	+46.7%/yr
Net cash (debt)	CN¥342.1M2022	−CN¥14.1M2025	−CN¥356.2M
Working capital	CN¥393.5M2022	CN¥473.1M2025	+CN¥79.6M
Current ratio	2.242022	2.022025	−0.22
Shares outstanding	70.0M2022	72.9M2025	+1.4%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

YOUL assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

YOUL liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

YOUL debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

YOUL balance sheet in Chinese yuan

Youlife Group Inc. American Depositary Shares annual balance sheet
	2025	2024	2023	2022
Assets
Cash & short-term investments	CN¥144.2M	CN¥126.5M	CN¥185.4M	CN¥392.2M
Cash & equivalents	CN¥144.2M	CN¥126.5M	CN¥185.4M	CN¥308.0M
Short-term investments	—	—	CN¥0	CN¥84.2M
Receivables	CN¥713.0M	CN¥455.9M	CN¥367.4M	CN¥135.3M
Inventory	CN¥2.1M	CN¥3.7M	CN¥3.3M	CN¥8.3M
Other current assets	CN¥77.8M	CN¥80.4M	CN¥133.6M	CN¥174.2M
Total current assets	CN¥937.2M	CN¥666.6M	CN¥689.7M	CN¥710.0M
Property, plant & equipment (net)	CN¥98.9M	CN¥190.5M	CN¥213.7M	CN¥125.5M
Goodwill & intangible assets	CN¥8.4M	CN¥10.0M	CN¥12.0M	CN¥5.0M
Long-term investments	CN¥96.7M	CN¥0	CN¥105.6M	CN¥69.1M
Other non-current assets	CN¥101.7M	CN¥41.3M	CN¥97.0M	CN¥74.9M
Total assets	CN¥1.24B	CN¥908.4M	CN¥1.12B	CN¥984.6M
Liabilities
Accounts payable	CN¥74.5M	CN¥70.7M	CN¥100.4M	CN¥13.7M
Short-term debt	CN¥132.8M	CN¥55.3M	CN¥33.1M	CN¥7.5M
Deferred revenue	CN¥34.6M	CN¥20.0M	CN¥39.3M	CN¥2.7M
Total current liabilities	CN¥464.1M	CN¥290.0M	CN¥406.1M	CN¥316.5M
Long-term debt	CN¥0	CN¥1.5M	CN¥0	CN¥0
Lease obligations	CN¥32.3M	CN¥37.3M	CN¥46.5M	CN¥50.1M
Other long-term liabilities	CN¥25.5M	CN¥1.03B	CN¥1.05B	CN¥1.05B
Total liabilities	CN¥489.6M	CN¥1.33B	CN¥1.45B	CN¥1.37B
Shareholders' equity
Common stock & paid-in capital	CN¥55,000	CN¥149,000	CN¥149,000	CN¥149,000
Retained earnings (deficit)	−CN¥579.9M	−CN¥621.8M	−CN¥549.8M	−CN¥647.7M
Accumulated other comprehensive income	CN¥10.5M	CN¥9.4M	CN¥9.2M	CN¥8.3M
Minority interest	CN¥19.0M	CN¥19.4M	CN¥26.6M	CN¥28.6M
Total shareholders' equity	CN¥734.3M	−CN¥436.5M	−CN¥362.9M	−CN¥413.0M
Key figures
Total debt	CN¥158.3M	CN¥84.7M	CN¥72.8M	CN¥50.1M
Net cash (debt)	−CN¥14.1M	CN¥41.9M	CN¥112.6M	CN¥342.1M
Working capital	CN¥473.1M	CN¥376.5M	CN¥283.6M	CN¥393.5M
Tangible book value	CN¥725.9M	−CN¥446.4M	−CN¥374.9M	−CN¥418.1M
Shares outstanding	72.9M	70.0M	70.0M	70.0M
Current ratio	2.02	2.30	1.70	2.24
Quick ratio	1.85	2.01	1.36	1.67
Debt / equity	0.22	—	—	—
Equity / assets	59.1%	−48.0%	−32.5%	−41.9%

Youlife Group Inc. American Depositary Shares quarterly balance sheet
	Mar '26	Dec '25	Jun '25	Dec '24	Jun '24	Dec '23
Assets
Cash & short-term investments	CN¥144.2M	CN¥144.2M	CN¥159.0M	CN¥126.5M	CN¥133.5M	CN¥185.4M
Cash & equivalents	CN¥144.2M	CN¥144.2M	CN¥159.0M	CN¥126.5M	CN¥133.5M	CN¥185.4M
Short-term investments	—	—	—	—	—	CN¥0
Receivables	CN¥713.0M	CN¥342.8M	CN¥587.0M	CN¥455.9M	CN¥480.8M	CN¥367.4M
Inventory	CN¥2.1M	CN¥2.1M	CN¥1.2M	CN¥3.7M	CN¥5.0M	CN¥3.3M
Other current assets	CN¥77.8M	CN¥448.1M	CN¥0	CN¥80.4M	CN¥0	CN¥133.6M
Total current assets	CN¥937.2M	CN¥937.2M	CN¥747.2M	CN¥666.6M	CN¥619.2M	CN¥689.7M
Property, plant & equipment (net)	CN¥98.9M	CN¥98.9M	CN¥181.3M	CN¥190.5M	CN¥202.2M	CN¥213.7M
Goodwill & intangible assets	CN¥8.4M	CN¥8.4M	CN¥0	CN¥10.0M	CN¥10.9M	CN¥12.0M
Long-term investments	CN¥0	CN¥96.7M	CN¥98.5M	CN¥0	CN¥84.4M	CN¥105.6M
Other non-current assets	CN¥198.4M	CN¥101.7M	CN¥38.9M	CN¥41.3M	CN¥44.0M	CN¥97.0M
Total assets	CN¥1.24B	CN¥1.24B	CN¥1.07B	CN¥908.4M	CN¥960.7M	CN¥1.12B
Liabilities
Accounts payable	CN¥74.5M	CN¥74.5M	CN¥69.1M	CN¥70.7M	CN¥97.9M	CN¥100.4M
Short-term debt	CN¥132.8M	—	CN¥98.8M	CN¥55.3M	CN¥31.2M	CN¥33.1M
Deferred revenue	CN¥34.6M	—	CN¥6.7M	CN¥20.0M	CN¥37.1M	CN¥39.3M
Total current liabilities	CN¥464.1M	CN¥464.1M	CN¥411.0M	CN¥290.0M	CN¥277.1M	CN¥406.1M
Long-term debt	CN¥0	CN¥0	CN¥46,000	CN¥1.5M	CN¥0	CN¥0
Lease obligations	—	CN¥32.3M	CN¥36.2M	CN¥37.3M	CN¥45.6M	CN¥46.5M
Other long-term liabilities	CN¥25.5M	CN¥25.5M	CN¥1.03B	CN¥1.03B	CN¥1.05B	CN¥1.05B
Total liabilities	CN¥489.6M	CN¥489.6M	CN¥1.45B	CN¥1.33B	CN¥1.32B	CN¥1.45B
Shareholders' equity
Common stock & paid-in capital	CN¥55,000	—	CN¥149,000	CN¥149,000	CN¥149,000	CN¥149,000
Retained earnings (deficit)	−CN¥579.9M	−CN¥579.9M	−CN¥587.7M	−CN¥621.8M	−CN¥567.1M	−CN¥549.8M
Accumulated other comprehensive income	CN¥10.5M	—	CN¥12.9M	CN¥9.4M	CN¥8.0M	CN¥9.2M
Minority interest	—	CN¥19.0M	CN¥19.2M	CN¥19.4M	—	—
Total shareholders' equity	CN¥734.3M	CN¥734.3M	−CN¥398.7M	−CN¥436.5M	−CN¥383.1M	−CN¥362.9M
Key figures
Total debt	CN¥158.3M	—	CN¥127.0M	CN¥84.7M	CN¥71.9M	CN¥72.8M
Net cash (debt)	−CN¥14.1M	—	CN¥32.0M	CN¥41.9M	CN¥61.6M	CN¥112.6M
Working capital	CN¥473.1M	CN¥473.1M	CN¥336.1M	CN¥376.5M	CN¥342.1M	CN¥283.6M
Tangible book value	CN¥725.9M	CN¥725.9M	−CN¥398.7M	−CN¥446.4M	−CN¥394.0M	−CN¥374.9M
Shares outstanding	—	76.0M	76.0M	70.0M	76.0M	70.0M
Current ratio	2.02	2.02	1.82	2.30	2.23	1.70
Quick ratio	1.85	1.05	1.81	2.01	2.22	1.36
Debt / equity	0.22	—	—	—	—	—
Equity / assets	59.1%	59.1%	−37.4%	−48.0%	−39.9%	−32.5%

Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported (latest annual report filed April 30, 2026); data from EODHD.

YOUL financial position

At the end of fiscal 2025 (December 31, 2025), Youlife Group Inc. had total assets of CN¥1.2 billion (up 36.8% from a year earlier), total liabilities of CN¥489.6 million and shareholders' equity of CN¥734.3 million. It held CN¥144.2 million in cash and short-term investments against CN¥158.3 million of debt, net debt of CN¥14.1 million. Its current ratio was 2.02. In the latest quarter (ended March 31, 2026) total assets were CN¥1.2 billion and equity CN¥734.3 million.

Related: YOUL income statement, YOUL cash flow statement, YOUL key metrics. See the YOUL stock overview for the latest quote and news.

YOUL balance sheet FAQ

What are Youlife Group Inc.'s total assets?

Youlife Group Inc. reported total assets of CN¥1.2 billion at the end of fiscal 2025 (December 31, 2025), compared with CN¥908.4 million a year earlier.

How much debt does Youlife Group Inc. have?

Youlife Group Inc. had CN¥158.3 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.22.

How much cash does Youlife Group Inc. have?

Youlife Group Inc. held CN¥144.2 million in cash and short-term investments at the end of fiscal 2025; with CN¥158.3 million of debt that is net debt of CN¥14.1 million.

What is Youlife Group Inc.'s book value?

Youlife Group Inc.'s shareholders' equity (book value) was CN¥734.3 million at the end of fiscal 2025.

What is Youlife Group Inc.'s current ratio?

Youlife Group Inc. had current assets of CN¥937.2 million and current liabilities of CN¥464.1 million, a current ratio of 2.02 (it can cover its short-term obligations).

How much goodwill does Youlife Group Inc. have?

Youlife Group Inc. carried CN¥8.4 million of goodwill and intangible assets, 0.7% of total assets, at the end of fiscal 2025.