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

So-Young International's Operating Expenses history runs 9 years deep, the most recent figure standing at -$34.7 million for Q1 2026.

• In Q1 2026, Operating Expenses fell 33.21% year-over-year to -$34.7 million; the TTM figure through Mar 2026 stood at -$151.2 million (up 25.75% YoY), while the FY2025 annual figure was $145.0 million, down 30.54% from the prior year.
• Operating Expenses was -$34.7 million for Q1 2026 at So-Young International, up from -$46.9 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of -$26.1 million in Q1 2025 to a low of -$111.7 million in Q4 2024.
• Historically, Operating Expenses has averaged -$39.6 million across 5 years, with a median of -$33.8 million in 2024.
• The sharpest annual moves came in 2024 and 2025: Operating Expenses tumbled 207.55% in 2024, then soared 58.04% in 2025.
• A 5-year view of Operating Expenses shows it stood at -$30.8 million in 2022, then slipped by 17.81% to -$36.3 million in 2023, then sank by 207.55% to -$111.7 million in 2024, then jumped by 58.04% to -$46.9 million in 2025, then climbed by 25.86% to -$34.7 million in 2026.
• The last three Operating Expenses figures came in at -$34.7 million (Q1 2026), -$46.9 million (Q4 2025), and -$35.9 million (Q3 2025), per Business Quant data.