MeritValue

Youlife Group Inc.

YOULdata completeness 100%1 fiscal years on file
The thesis, from the filings

Youlife Group Inc. earns about 5% on invested capital, with a roughly flat share count. The cash-flow models don't apply cleanly here — the ledger says why below.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.

i. The business — what you’d actually own
FigureFY 2025
Revenue$265.2M1
Net income$6.16M2
Operating cash flow$1.71M3
Capital expenditure$4,0004
Free cash flow (derived)$1.71M3
Total debt$36.1M5
Cash & equivalents$20.6M6
Diluted shares72.9M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
Net assets behind them
$14.4
your share of equity
Profit it earned you last year
$0.84
Free cash flow it threw off
$0.23
Debt you’d be carrying
$4.95

10 shares is a claim on $14.4 of net worth that earned you $0.84 and generated $0.23 of cash last year, against $4.95 of debt.

iii. Is this a good business?
Moat signal · return on invested capital
5% avg · 1y
FY25 5%

It earned an average 5% on invested capital over 1 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
−0% shares · 1y

Share count is roughly flat over 1 years — little dilution, little buyback. Total debt has held roughly steady.

reading capital allocation →

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
not applicable
only 1 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 1 years of FCF (need ≥3) — model not applicable
Earnings Power Value
not applicable
only 1 years of net income (need ≥3)
Graham Number
$1.61
assumptions (1)
  • grahamMultiplier2250.0%

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 20-F · period ending 2025-12-31 · accession 0001213900-26-050196 (RevenueFromContractWithCustomerIncludingAssessedTax)
  2. 20-F · period ending 2025-12-31 · accession 0001213900-26-050196 (NetIncomeLoss)
  3. 20-F · period ending 2025-12-31 · accession 0001213900-26-050196 (NetCashProvidedByUsedInOperatingActivities)
  4. 20-F · period ending 2025-12-31 · accession 0001213900-26-050196 (PaymentsToAcquirePropertyPlantAndEquipment)
  5. 20-F · period ending 2025-12-31 · accession 0001213900-26-050196 (ShortTermBorrowings)
  6. 20-F · period ending 2025-12-31 · accession 0001213900-26-050196 (CashAndCashEquivalentsAtCarryingValue)