So-Young International (SY) Cost of Revenue (2018 - 2026)
So-Young International's Cost of Revenue was $41.62 million in Q2 2026, up 61.5% from $25.76 million a year earlier and up 14.4% from the prior quarter.
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Analysis
So-Young International (SY) Cost of Revenue (2018 - 2026) Analysis & Trends
On a trailing twelve-month basis, So-Young International's Cost of Revenue was $143.23 million through Jun 30, 2026, up 63.0% year-over-year; for FY2025, it came in at $96.51 million, down 24.2% from FY2024.
- Cost of Revenue shows a five-year compound annual growth rate of -8.1% (FY2020 to FY2025).
- In earlier years, Cost of Revenue was $127.34 million in FY2024 (-15.0%), $149.75 million in FY2023 (+16.2%), $128.82 million in FY2022 (-37.1%) and $204.7 million in FY2021 (+38.8%).
- The Q2 2026 figure marks the highest quarterly Cost of Revenue in data going back to Q1 2018.
- Compared with a year earlier, Cost of Revenue has increased for nine straight quarters, with growth averaging 39.1% over the last eight quarters.
- The best year-over-year quarter for Cost of Revenue over five years was Q1 2022 (growth of 110.4%); the worst was Q4 2022 (a decline of 35.9%).
- Per Business Quant data, SY's Cost of Revenue in the three quarters before Q2 2026 was $36.39 million (Q1 2026), $36.6 million (Q4 2025) and $28.63 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 93.08 Bn | 92.52 Bn | - | - |
| 2 | Natera | 58.93 Bn | 54.61 Bn | 485.19 Mn | 267.56 Mn |
| 3 | Quest Diagnostics | 25.75 Bn | 24.18 Bn | 1.03 Bn | 2.02 Bn |
| 4 | Labcorp Holdings | 24.96 Bn | 22.73 Bn | 1.11 Bn | 2.62 Bn |
| 5 | Guardant Health | 23.76 Bn | 19.82 Bn | 219.03 Mn | 115.95 Mn |
| 6 | Tenet Healthcare | 20.83 Bn | 11.98 Bn | - | - |
| 7 | Tempus AI | 13.43 Bn | 10.46 Bn | 246.50 Mn | 135.99 Mn |
| 8 | BrightSpring Health Services | 11.90 Bn | 10.24 Bn | 492.75 Mn | 271.40 Mn |
| 9 | Encompass Health | 11.82 Bn | 12.29 Bn | - | - |
| 10 | So-Young International | 42.40 Mn | -433.16 Mn | 32.84 Mn | 41.62 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 41.62 Mn |
| Mar 31, 2026 | 36.39 Mn |
| Dec 31, 2025 | 36.60 Mn |
| Sep 30, 2025 | 28.63 Mn |
| Jun 30, 2025 | 25.76 Mn |
| Mar 31, 2025 | 20.87 Mn |
| Dec 31, 2024 | 20.97 Mn |
| Sep 30, 2024 | 20.26 Mn |
| Jun 30, 2024 | 21.34 Mn |
| Mar 31, 2024 | 16.25 Mn |
| Dec 31, 2023 | 19.39 Mn |
| Sep 30, 2023 | 19.55 Mn |
| Jun 30, 2023 | 20.74 Mn |
| Mar 31, 2023 | 16.56 Mn |
| Dec 31, 2022 | 12.79 Mn |
| Sep 30, 2022 | 13.22 Mn |
| Jun 30, 2022 | 15.60 Mn |
| Mar 31, 2022 | 16.81 Mn |
| Dec 31, 2021 | 19.94 Mn |
| Sep 30, 2021 | 13.91 Mn |
API Access
So-Young International Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=SY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "SY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=SY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();