So-Young International (SY) Notes Payables (2023 - 2026)

So-Young International (SY) posted quarterly Notes Payables of $17.4 million for Q1 2026, up 110.94% year-over-year from $8.2 million in Q1 2025, and up 209.26% quarter-over-quarter from $5.6 million in Q4 2025.

So-Young International (SY) Notes Payables (2023 - 2026) Analysis & Trends

So-Young International's Notes Payables history runs 4 years deep, the most recent figure standing at $17.4 million for Q1 2026.

  • In Q1 2026, Notes Payables rose 110.94% year-over-year to $17.4 million; the TTM figure through Mar 2026 stood at $17.4 million (up 110.94% YoY), while the FY2025 annual figure was $5.7 million, down 40.44% from the prior year.
  • Notes Payables for Q1 2026 stood at $17.4 million, up from $5.6 million in the prior quarter.
  • The five-year high for Notes Payables was $17.4 million in Q1 2026, with the low at $4.1 million in Q4 2023.
  • The 4-year median for Notes Payables is $6.9 million (2025), against an average of $8.1 million.
  • The sharpest annual moves came in 2024 and 2025: Notes Payables jumped 134.49% in 2024, then sank 56.13% in 2025.
  • So-Young International's Notes Payables stood at $4.1 million in 2023, then surged by 134.49% to $9.7 million in 2024, then slumped by 42.21% to $5.6 million in 2025, then soared by 209.26% to $17.4 million in 2026.
  • Business Quant data shows SY's Notes Payables at $17.4 million in Q1 2026, $5.6 million in Q4 2025, and $5.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Veeva Systems 39.72 Bn 32.40 Bn 662.02 Mn
2 BrightSpring Health Services 12.19 Bn 11.64 Bn 492.75 Mn
3 Healthequity 8.79 Bn 8.52 Bn 256.31 Mn
4 10x Genomics 7.31 Bn 6.76 Bn 112.50 Mn
5 Hinge Health 7.10 Bn 6.71 Bn 183.95 Mn
6 MiniMed 5.66 Bn 5.36 Bn 480.00 Mn
7 Waystar Holding 4.76 Bn 4.56 Bn 221.99 Mn
8 Doximity 4.46 Bn 3.77 Bn 132.93 Mn
9 Heartflow 3.66 Bn 3.28 Bn 53.19 Mn
10 So-Young International 37.66 Mn -77.47 Mn 26.35 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 17.36 Mn
Dec 31, 2025 5.61 Mn
Sep 30, 2025 5.60 Mn
Jun 30, 2025 8.35 Mn
Mar 31, 2025 8.23 Mn
Dec 31, 2024 9.71 Mn
Sep 30, 2024 12.76 Mn
Jun 30, 2024 5.47 Mn
Mar 31, 2024 4.15 Mn
Dec 31, 2023 4.14 Mn