So-Young International (SY) Research & Development (2018 - 2026)
So-Young International (SY) reported Research & Development of -$3.6 million for Q2 2026, compared with -$4.35 million a year earlier.
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Analysis
So-Young International (SY) Research & Development (2018 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, So-Young International's Research & Development came in at -$17.58 million; for FY2025, it was -$19.6 million.
- By year, Research & Development came in at -$22.61 million in FY2024, -$28.67 million in FY2023, -$34.08 million in FY2022 and -$44.97 million in FY2021.
- Five-year quarterly Research & Development spans a low of -$12.45 million in Q1 2022 and a high of -$3.53 million in Q1 2026.
- Per Business Quant data, the three quarters before Q2 2026 came in at -$3.53 million (Q1 2026), -$5.35 million (Q4 2025) and -$5.1 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.29 Bn | 93.74 Bn | - | - |
| 2 | Natera | 59.14 Bn | 54.82 Bn | 485.19 Mn | 228.07 Mn |
| 3 | Quest Diagnostics | 26.23 Bn | 24.66 Bn | 1.03 Bn | - |
| 4 | Labcorp Holdings | 25.04 Bn | 22.81 Bn | 1.11 Bn | - |
| 5 | Guardant Health | 23.69 Bn | 19.76 Bn | 219.03 Mn | 96.53 Mn |
| 6 | Tenet Healthcare | 20.77 Bn | 11.92 Bn | - | - |
| 7 | Tempus AI | 14.91 Bn | 11.94 Bn | 246.50 Mn | 52.64 Mn |
| 8 | Encompass Health | 12.24 Bn | 12.70 Bn | - | - |
| 9 | Davita | 11.39 Bn | 10.15 Bn | 1.16 Bn | - |
| 10 | So-Young International | 41.47 Mn | -434.09 Mn | 32.84 Mn | -3.60 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
API Access
So-Young International Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=SY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "SY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=SY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();