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

So-Young International's Research & Development history runs 9 years deep, the most recent figure standing at -$3.5 million for Q1 2026.

• On a quarterly basis, Research & Development rose 20.27% year-over-year to -$3.5 million in Q1 2026; TTM through Mar 2026 was -$18.3 million, a 16.11% increase from a year earlier, with the FY2025 full-year figure at $19.6 million, down 71.07% from the prior year.
• Research & Development advanced to -$3.5 million in Q1 2026 per SY's latest filing, from -$5.4 million in the prior quarter.
• Across five years, Research & Development topped out at -$3.5 million in Q1 2026 and bottomed at -$12.5 million in Q1 2022.
• The 5-year median for Research & Development is -$5.9 million (2024), against an average of -$6.4 million.
• Biggest YoY gain for Research & Development was 43.8% in 2022; the steepest drop was 16.88% in 2022.
• Year by year, Research & Development stood at -$6.0 million in 2022, then declined by 6.43% to -$6.3 million in 2023, then grew by 7.57% to -$5.9 million in 2024, then increased by 8.61% to -$5.4 million in 2025, then jumped by 34.09% to -$3.5 million in 2026.
• Per Business Quant, the three latest SY Research & Development figures stand at -$3.5 million (Q1 2026), -$5.4 million (Q4 2025), and -$5.1 million (Q3 2025).