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
DateValue
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