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 🔒
DateValue
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