So-Young International (SY) Payables (2021 - 2026)
So-Young International's (SY) quarterly Payables came in at $17.3 million in Q1 2026, up 59.29% year-on-year from $10.9 million in Q1 2025, and up 83.56% quarter-over-quarter from $9.4 million in Q4 2025.
So-Young International (SY) Payables (2021 - 2026) Analysis & Trends
So-Young International's Payables history runs 6 years deep, the most recent figure standing at $17.3 million for Q1 2026.
- On a quarterly basis, Payables rose 59.29% year-over-year to $17.3 million in Q1 2026; TTM through Mar 2026 was $17.3 million, a 59.29% increase from a year earlier, with the FY2025 full-year figure at $9.5 million, down 23.31% from the prior year.
- Payables advanced to $17.3 million in Q1 2026 per SY's latest filing, from $9.4 million in the prior quarter.
- Across five years, Payables topped out at $17.3 million in Q1 2026 and bottomed at $1.9 million in Q4 2022.
- The 5-year median for Payables is $9.4 million (2025), against an average of $9.1 million.
- Across the five-year window, Payables jumped 202.21% in 2023 and slumped 56.36% in 2025, its largest moves.
- Year by year, Payables stood at $1.9 million in 2022, then soared by 202.21% to $5.6 million in 2023, then jumped by 123.54% to $12.5 million in 2024, then retreated by 24.9% to $9.4 million in 2025, then jumped by 83.56% to $17.3 million in 2026.
- Per Business Quant, the three latest SY Payables figures stand at $17.3 million (Q1 2026), $9.4 million (Q4 2025), and $5.6 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 31.59 Bn | 24.28 Bn | 662.02 Mn | 40.66 Mn |
| 2 | BrightSpring Health Services | 14.75 Bn | 13.85 Bn | 482.22 Mn | 1.09 Bn |
| 3 | Healthequity | 8.24 Bn | 7.98 Bn | 256.31 Mn | 14.22 Mn |
| 4 | 10x Genomics | 5.91 Bn | 5.37 Bn | 106.18 Mn | 17.43 Mn |
| 5 | Hinge Health | 5.90 Bn | 5.58 Bn | 154.23 Mn | 69.48 Mn |
| 6 | MiniMed | 4.50 Bn | 4.21 Bn | 480.00 Mn | 163.00 Mn |
| 7 | Waystar Holding | 4.43 Bn | 4.36 Bn | 216.84 Mn | 58.80 Mn |
| 8 | Doximity | 3.91 Bn | 3.16 Bn | 125.97 Mn | 4.01 Mn |
| 9 | Privia Health | 3.19 Bn | 2.77 Bn | - | 80.56 Mn |
| 10 | So-Young International | 163.89 Mn | 48.76 Mn | 26.35 Mn | 17.29 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 17.29 Mn |
| Dec 31, 2025 | 9.42 Mn |
| Sep 30, 2025 | 5.57 Mn |
| Jun 30, 2025 | 8.27 Mn |
| Mar 31, 2025 | 10.85 Mn |
| Dec 31, 2024 | 12.54 Mn |
| Sep 30, 2024 | 12.76 Mn |
| Jun 30, 2024 | 5.47 Mn |
| Mar 31, 2024 | 10.28 Mn |
| Dec 31, 2023 | 5.61 Mn |
| Dec 31, 2022 | 1.86 Mn |
| Dec 31, 2021 | 2.95 Mn |