So-Young International (SY) Receivables Refunds (2018 - 2025)
So-Young International (SY) posted Receivables Refunds of $6.8 million for Q4 2025, up 272.85% on a QoQ basis from $1.8 million in Q4 2024, and up 272.85% year-over-year from $1.8 million in Q4 2024.
So-Young International (SY) has 8 years of Receivables Refunds data on file, last reported at $6.8 million in Q4 2025.
- In Q4 2025, Receivables Refunds rose 272.85% year-over-year to $6.8 million; the TTM figure through Dec 2025 stood at $6.8 million (up 272.85% YoY), while the FY2025 annual figure was $6.8 million, up 272.97% from the prior year.
- Receivables Refunds improved to $6.8 million in Q4 2025, from $1.8 million in the prior quarter.
- Across five years, Receivables Refunds topped out at $6.8 million in Q4 2025 and bottomed at $66004.8 in Q4 2021.
- A 5-year average of $2.2 million and a median of $1.5 million in 2023 frame the typical range for Receivables Refunds.
- Annual changes were most pronounced in 2021 — Receivables Refunds slumped 74.02% — and 2022, when it soared 1042.22%.
- Year by year, Receivables Refunds stood at $66004.8 in 2021, then soared by 1042.22% to $753919.1 in 2022, then jumped by 93.87% to $1.5 million in 2023, then gained by 25.65% to $1.8 million in 2024, then soared by 272.85% to $6.8 million in 2025.
- The last three Receivables Refunds figures came in at $6.8 million (Q4 2025), $1.8 million (Q4 2024), and $1.5 million (Q4 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Refund Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | - |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | - |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | - |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | - |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | - |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | - |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | - |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | - |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | - |
| 10 | So-Young International | 28.43 Mn | -78.18 Mn | 26.35 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 6.85 Mn |
| Dec 31, 2024 | 1.84 Mn |
| Dec 31, 2023 | 1.46 Mn |
| Dec 31, 2022 | 753,919.06 |
| Dec 31, 2021 | 66,004.85 |
| Dec 31, 2020 | 254,104.31 |
| Dec 31, 2019 | 56,326.67 |
| Dec 31, 2018 | 306,325.46 |