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.

• On a quarterly basis, Operating Expenses fell 33.21% year-over-year to -$34.7 million in Q1 2026; TTM through Mar 2026 was -$151.2 million, a 25.75% increase from a year earlier, with the FY2025 full-year figure at $145.0 million, down 30.54% from the prior year.
• Operating Expenses advanced to -$34.7 million in Q1 2026 per SY's latest filing, from -$46.9 million in the prior quarter.
• Across five years, Operating Expenses topped out at -$26.1 million in Q1 2025 and bottomed at -$111.7 million in Q4 2024.
• The 5-year median for Operating Expenses is -$33.8 million (2024), against an average of -$39.6 million.
• Across the five-year window, Operating Expenses tumbled 207.55% in 2024 and surged 58.04% in 2025, its largest moves.
• Year by year, Operating Expenses stood at -$30.8 million in 2022, then slipped by 17.81% to -$36.3 million in 2023, then tumbled 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.
• Per Business Quant, the three latest SY Operating Expenses figures stand at -$34.7 million (Q1 2026), -$46.9 million (Q4 2025), and -$35.9 million (Q3 2025).