SY
So-Young International Inc
NASDAQ: SY · HEALTHCARE · HEALTH INFORMATION SERVICES
$2.95
-2.96% today
Updated 2026-05-12
Market cap
$297.89M
P/E ratio
—
P/S ratio
0.20x
EPS (TTM)
$-0.35
Dividend yield
—
52W range
$1 – $6
Volume
0.5M
So-Young International Inc (SY) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $49.09M | $259.31M | $617.23M | $1.15B | $1.29B | $1.69B | $1.26B | $1.50B | $1.47B | $1.48B |
| Revenue growth (YoY) | — | +428.2% | +138.0% | +86.6% | +12.4% | +30.7% | -25.7% | +19.1% | -2.1% | +1.0% |
| Cost of revenue | $25.19M | $44.80M | $91.56M | $198.63M | $212.21M | $327.89M | $393.29M | $544.34M | $567.59M | $774.04M |
| Gross profit | $23.90M | $214.51M | $525.66M | $953.01M | $1.08B | $1.36B | $864.58M | $953.69M | $899.11M | $707.86M |
| Gross margin | 48.7% | 82.7% | 85.2% | 82.8% | 83.6% | 80.6% | 68.7% | 63.7% | 61.3% | 47.8% |
| R&D | $17.93M | $32.56M | $94.73M | $177.27M | $229.19M | $286.57M | $235.09M | $203.52M | $165.03M | $133.31M |
| SG&A | $18.04M | $29.73M | $75.44M | $160.53M | $183.99M | $252.21M | $260.21M | $290.76M | $324.07M | $857.11M |
| Operating income | $-74.28M | $24.76M | $49.13M | $145.18M | $-56.69M | $-32.57M | $-102.81M | $-61.05M | $-624.49M | $-259.21M |
| Operating margin | -151.3% | 9.5% | 8.0% | 12.6% | -4.4% | -1.9% | -8.2% | -4.1% | -42.6% | -17.5% |
| EBITDA | $-73.72M | $25.38M | $50.80M | $151.30M | $-42.61M | $63.39M | $-55.72M | $-14.96M | $-38.39M | $-259.21M |
| EBITDA margin | -150.2% | 9.8% | 8.2% | 13.1% | -3.3% | 3.7% | -4.4% | -1.0% | -2.6% | -17.5% |
| EBIT | $-74.28M | $24.76M | $49.13M | $145.18M | $-56.69M | $33.31M | $-102.81M | $-61.05M | $-84.48M | — |
| Interest expense | $0.00 | $0.00 | $0.00 | $88.88M | $84.28M | $69.93M | $28.88M | — | — | — |
| Income tax | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-81.04M | $17.20M | $55.08M | $176.72M | $5.81M | $-8.37M | $-65.55M | $21.28M | $-589.53M | $-235.70M |
| Net income growth (YoY) | — | +121.2% | +220.2% | +220.8% | -96.7% | -244.2% | -683.1% | +132.5% | -2870.3% | +60.0% |
| Profit margin | -165.1% | 6.6% | 8.9% | 15.3% | 0.4% | -0.5% | -5.2% | 1.4% | -40.2% | -15.9% |