So-Young International SY
NASDAQ SY
$2.76 -0.06 (-2.13%)
At close: Sep 4, 2026 · 4:00 PM EDT

So-Young International (SY) Research & Development (2018 - 2026)

So-Young International (SY) posted Research & Development of -$3.6 million for Q2 2026, down 1.96% on a QoQ basis from -$3.5 million in Q1 2026, and up 17.35% year-over-year from -$3.1 million in Q2 2025.

Analysis

So-Young International (SY) Research & Development (2018 - 2026) Analysis & Trends

So-Young International has reported Research & Development for 9 years, with the latest figure at -$3.6 million in Q2 2026.

  • On a quarterly basis, Research & Development rose 17.35% year-over-year to -$3.6 million in Q2 2026; TTM through Jun 2026 was -$17.6 million, a 13.66% increase from a year earlier, with the FY2025 full-year figure at -$19.6 million, up 13.33% from the prior year.
  • Research & Development was -$3.6 million for Q2 2026 at So-Young International, down from -$3.5 million in the prior quarter.
  • The five-year high for Research & Development was -$3.5 million in Q1 2026, with the low at -$12.5 million in Q1 2022.
  • Average Research & Development over 5 years is -$6.3 million, with a median of -$5.9 million recorded in 2024.
  • The largest YoY upside for Research & Development was 43.8% in 2022 against a maximum downside of 16.88% in 2022.
  • Over 5 years, Research & Development stood at -$6.0 million in 2022, then fell by 6.43% to -$6.3 million in 2023, then increased by 7.57% to -$5.9 million in 2024, then rose by 8.61% to -$5.4 million in 2025, then soared by 32.8% to -$3.6 million in 2026.
  • The last three Research & Development figures came in at -$3.6 million (Q2 2026), -$3.5 million (Q1 2026), and -$5.4 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Davita 11.76 Bn 12.64 Bn 1.16 Bn -
2 RadNet 5.80 Bn 5.37 Bn 88.08 Mn -
3 Concentra Group Holdings Parent 4.40 Bn 4.26 Bn 192.10 Mn -
4 Privia Health 2.61 Bn 2.25 Bn - 8.00 Mn
5 Pediatrix Medical 2.20 Bn 1.79 Bn - -
6 Fresenius Medical Care AG 2.11 Bn 1.41 Bn 1.52 Bn 46.06 Mn
7 Progyny 2.01 Bn 1.77 Bn 89.30 Mn 18.07 Mn
8 Surgery Partners 1.87 Bn 3.08 Bn 622.10 Mn -
9 U S Physical Therapy 1.18 Bn 1.47 Bn 41.94 Mn -
10 So-Young International 42.55 Mn -72.69 Mn 32.84 Mn -3.60 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -3.60 Mn
Mar 31, 2026 -3.53 Mn
Dec 31, 2025 -5.35 Mn
Sep 30, 2025 -5.10 Mn
Jun 30, 2025 -4.35 Mn
Mar 31, 2025 -4.43 Mn
Dec 31, 2024 -5.86 Mn
Sep 30, 2024 -5.73 Mn
Jun 30, 2024 -5.85 Mn
Mar 31, 2024 -5.48 Mn
Dec 31, 2023 -6.34 Mn
Sep 30, 2023 -6.94 Mn
Jun 30, 2023 -7.19 Mn
Mar 31, 2023 -8.12 Mn
Dec 31, 2022 -5.95 Mn
Sep 30, 2022 -7.31 Mn
Jun 30, 2022 -9.42 Mn
Mar 31, 2022 -12.45 Mn
Dec 31, 2021 -10.60 Mn
Sep 30, 2021 -11.97 Mn