So-Young International (SY) Cost of Revenue (2018 - 2026)
So-Young International (SY) posted quarterly Cost of Revenue of $1.2 million for Q1 2026, down 94.14% year-over-year from $20.9 million in Q1 2025, and down 43.98% quarter-over-quarter from $2.2 million in Q4 2025.
So-Young International (SY) Cost of Revenue (2018 - 2026) Analysis & Trends
So-Young International's Cost of Revenue history runs 9 years deep, the most recent figure standing at $1.2 million for Q1 2026.
- In Q1 2026, Cost of Revenue fell 94.14% year-over-year to $1.2 million; the TTM figure through Mar 2026 stood at $8.2 million (down 88.28% YoY), while the FY2025 annual figure was $113.8 million, up 46.33% from the prior year.
- Cost of Revenue for Q1 2026 stood at $1.2 million, down from $2.2 million in the prior quarter.
- The five-year high for Cost of Revenue was $21.0 million in Q4 2024, with the low at $1.2 million in Q1 2026.
- The 5-year median for Cost of Revenue is $14.0 million (2024), against an average of $12.1 million.
- The sharpest annual moves came in 2022 and 2026: Cost of Revenue jumped 110.4% in 2022, then sank 94.14% in 2026.
- So-Young International's Cost of Revenue stood at $12.8 million in 2022, then gained by 3.62% to $13.3 million in 2023, then surged by 58.24% to $21.0 million in 2024, then slumped by 89.59% to $2.2 million in 2025, then tumbled by 43.98% to $1.2 million in 2026.
- Business Quant data shows SY's Cost of Revenue at $1.2 million in Q1 2026, $2.2 million in Q4 2025, and $2.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 220.92 Mn |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 271.40 Mn |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 98.33 Mn |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 38.54 Mn |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 28.87 Mn |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | 357.00 Mn |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 97.69 Mn |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 23.69 Mn |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | 10.89 Mn |
| 10 | So-Young International | 37.66 Mn | -77.47 Mn | 26.35 Mn | 1.22 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.22 Mn |
| Mar 31, 2026 | 1.22 Mn |
| Dec 31, 2025 | 2.18 Mn |
| Dec 31, 2025 | 2.18 Mn |
| Sep 30, 2025 | 2.14 Mn |
| Sep 30, 2025 | 2.14 Mn |
| Jun 30, 2025 | 2.65 Mn |
| Jun 30, 2025 | 2.65 Mn |
| Mar 31, 2025 | 20.87 Mn |
| Mar 31, 2025 | 20.87 Mn |
| Dec 31, 2024 | 20.97 Mn |
| Dec 31, 2024 | 20.97 Mn |
| Sep 30, 2024 | 14.05 Mn |
| Sep 30, 2024 | 14.05 Mn |
| Jun 30, 2024 | 14.02 Mn |
| Jun 30, 2024 | 14.02 Mn |
| Mar 31, 2024 | 10.28 Mn |
| Mar 31, 2024 | 10.28 Mn |
| Dec 31, 2023 | 13.25 Mn |
| Dec 31, 2023 | 13.25 Mn |