So-Young International (SY) Operating Expenses (2018 - 2026)
So-Young International (SY) posted Operating Expenses of -$34.7 million for Q1 2026, up 24.8% on a QoQ basis from -$46.2 million in Q4 2025, and down 33.44% year-over-year from -$52.2 million in Q1 2025.
So-Young International (SY) has 2 years of Operating Expenses data on file, last reported at -$34.7 million in Q1 2026.
- In Q1 2026, Operating Expenses fell 33.44% year-over-year to -$34.7 million; the TTM figure through Mar 2026 stood at -$107.0 million (down 310.91% YoY), while the FY2025 annual figure was $145.0 million, down 30.54% from the prior year.
- Operating Expenses improved to -$34.7 million in Q1 2026, from -$46.2 million in the prior quarter.
- Across five years, Operating Expenses topped out at -$26.0 million in Q1 2025 and bottomed at -$46.2 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 376.60 Mn |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 360.77 Mn |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 153.36 Mn |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 122.16 Mn |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 101.14 Mn |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 233.41 Mn |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | 123.22 Mn |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | 596.43 Mn |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 123.51 Mn |
| 10 | So-Young International | 28.43 Mn | -78.18 Mn | 26.35 Mn | -34.75 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -34.75 Mn |
| Dec 31, 2025 | -46.86 Mn |
| Sep 30, 2025 | -35.90 Mn |
| Jun 30, 2025 | -33.68 Mn |
| Mar 31, 2025 | -26.08 Mn |
| Dec 31, 2024 | -111.69 Mn |
| Sep 30, 2024 | -32.06 Mn |
| Jun 30, 2024 | -33.80 Mn |
| Mar 31, 2024 | -32.94 Mn |
| Dec 31, 2023 | -36.32 Mn |
| Sep 30, 2023 | -33.54 Mn |
| Jun 30, 2023 | -38.95 Mn |
| Mar 31, 2023 | -33.46 Mn |
| Dec 31, 2022 | -30.82 Mn |
| Sep 30, 2022 | -33.26 Mn |
| Jun 30, 2022 | -36.82 Mn |
| Mar 31, 2022 | -42.83 Mn |
| Dec 31, 2021 | -58.36 Mn |
| Sep 30, 2021 | -50.06 Mn |
| Jun 30, 2021 | -51.94 Mn |
| Mar 31, 2021 | -56.07 Mn |
| Dec 31, 2020 | 50.76 Mn |
| Sep 30, 2020 | 49.35 Mn |
| Jun 30, 2020 | 40.67 Mn |
| Mar 31, 2020 | 26.25 Mn |
| Dec 31, 2019 | 32.02 Mn |
| Sep 30, 2019 | 31.97 Mn |
| Jun 30, 2019 | 32.74 Mn |
| Mar 31, 2019 | 19.62 Mn |
| Dec 31, 2018 | -17.01 Mn |
| Sep 30, 2018 | -24.47 Mn |
| Jun 30, 2018 | -19.34 Mn |
| Mar 31, 2018 | -10.89 Mn |