So-Young International SY
NASDAQ SY
$2.76 -0.06 (-2.13%)
At close: Sep 4, 2026 · 4:00 PM EDT

So-Young International (SY) Operating Expenses (2018 - 2026)

So-Young International (SY) posted Operating Expenses of -$39.3 million for Q2 2026, down 13.04% on a QoQ basis from -$34.7 million in Q1 2026, and down 16.6% year-over-year from -$47.1 million in Q2 2025.

Analysis

So-Young International (SY) Operating Expenses (2018 - 2026) Analysis & Trends

So-Young International has reported Operating Expenses for 9 years, with the latest figure at -$39.3 million in Q2 2026.

  • On a quarterly basis, Operating Expenses fell 16.6% year-over-year to -$39.3 million in Q2 2026; TTM through Jun 2026 was -$156.8 million, a 22.96% increase from a year earlier, with the FY2025 full-year figure at -$145.0 million, up 30.54% from the prior year.
  • Operating Expenses was -$39.3 million for Q2 2026 at So-Young International, down from -$34.7 million in the prior quarter.
  • The five-year high for Operating Expenses was -$26.1 million in Q1 2025, with the low at -$111.7 million in Q4 2024.
  • Average Operating Expenses over 5 years is -$39.6 million, with a median of -$34.3 million recorded in 2024.
  • The sharpest annual moves came in 2024 and 2025: Operating Expenses slumped 207.55% in 2024, then jumped 58.04% in 2025.
  • Over 5 years, Operating Expenses stood at -$30.8 million in 2022, then dropped by 17.81% to -$36.3 million in 2023, then plunged by 207.55% to -$111.7 million in 2024, then surged by 58.04% to -$46.9 million in 2025, then grew by 16.19% to -$39.3 million in 2026.
  • The last three Operating Expenses figures came in at -$39.3 million (Q2 2026), -$34.7 million (Q1 2026), and -$46.9 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Davita 11.76 Bn 12.64 Bn 1.16 Bn 2.98 Bn
2 RadNet 5.80 Bn 5.37 Bn 88.08 Mn 583.25 Mn
3 Concentra Group Holdings Parent 4.40 Bn 4.26 Bn 192.10 Mn 490.51 Mn
4 Privia Health 2.61 Bn 2.25 Bn - 620.86 Mn
5 Pediatrix Medical 2.20 Bn 1.79 Bn - 430.86 Mn
6 Fresenius Medical Care AG 2.11 Bn 1.41 Bn 1.52 Bn 901.58 Mn
7 Progyny 2.01 Bn 1.77 Bn 89.30 Mn 49.30 Mn
8 Surgery Partners 1.87 Bn 3.08 Bn 622.10 Mn 746.80 Mn
9 U S Physical Therapy 1.18 Bn 1.47 Bn 41.94 Mn 172.12 Mn
10 So-Young International 42.55 Mn -72.69 Mn 32.84 Mn -39.28 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -39.28 Mn
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