So-Young International (SY) Cost of Revenue (2018 - 2026)
So-Young International's (SY) quarterly Cost of Revenue came in at $1.2 million in Q1 2026, down 94.14% year-on-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.
- On a quarterly basis, Cost of Revenue fell 94.14% year-over-year to $1.2 million in Q1 2026; TTM through Mar 2026 was $8.2 million, a 88.28% decrease from a year earlier, with the FY2025 full-year figure at $113.8 million, up 46.33% from the prior year.
- Cost of Revenue retreated to $1.2 million in Q1 2026 per SY's latest filing, from $2.2 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $21.0 million in Q4 2024 and bottomed 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.
- Across the five-year window, Cost of Revenue jumped 110.4% in 2022 and slumped 94.14% in 2026, its largest moves.
- Year by year, Cost of Revenue stood at $12.8 million in 2022, then advanced by 3.62% to $13.3 million in 2023, then soared by 58.24% to $21.0 million in 2024, then sank by 89.59% to $2.2 million in 2025, then slumped by 43.98% to $1.2 million in 2026.
- Per Business Quant, the three latest SY Cost of Revenue figures stand at $1.2 million (Q1 2026), $2.2 million (Q4 2025), and $2.1 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 31.81 Bn | 24.49 Bn | 662.02 Mn | 220.92 Mn |
| 2 | BrightSpring Health Services | 14.76 Bn | 13.86 Bn | 482.22 Mn | 260.92 Mn |
| 3 | Healthequity | 8.36 Bn | 8.10 Bn | 256.31 Mn | 98.33 Mn |
| 4 | Hinge Health | 5.91 Bn | 5.60 Bn | 154.23 Mn | 28.07 Mn |
| 5 | 10x Genomics | 5.89 Bn | 5.35 Bn | 106.18 Mn | 44.67 Mn |
| 6 | MiniMed | 4.45 Bn | 4.16 Bn | 480.00 Mn | 357.00 Mn |
| 7 | Waystar Holding | 4.41 Bn | 4.35 Bn | 216.84 Mn | 97.04 Mn |
| 8 | Doximity | 3.93 Bn | 3.18 Bn | 125.97 Mn | 19.41 Mn |
| 9 | Privia Health | 3.10 Bn | 2.68 Bn | - | - |
| 10 | So-Young International | 153.79 Mn | 38.66 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 |