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So-Young International (SY) Research & Development (2018 - 2025)

So-Young International has reported Research & Development over the past 8 years, most recently at -$5.4 million for Q4 2025.

  • For Q4 2025, Research & Development rose 8.61% year-over-year to -$5.4 million; the TTM value through Dec 2025 reached -$19.2 million, up 16.07%, while the annual FY2025 figure was $19.6 million, 13.33% down from the prior year.
  • Research & Development for Q4 2025 was -$5.4 million at So-Young International, down from -$5.1 million in the prior quarter.
  • Over five years, Research & Development peaked at -$4.4 million in Q2 2025 and troughed at -$12.5 million in Q1 2022.
  • A 5-year average of -$7.5 million and a median of -$6.6 million in 2023 define the central range for Research & Development.
  • Biggest five-year swings in Research & Development: crashed 276.27% in 2021 and later skyrocketed 43.8% in 2022.
  • Year by year, Research & Development stood at -$10.6 million in 2021, then skyrocketed by 43.8% to -$6.0 million in 2022, then dropped by 6.43% to -$6.3 million in 2023, then rose by 7.57% to -$5.9 million in 2024, then grew by 8.61% to -$5.4 million in 2025.
  • Business Quant data shows Research & Development for SY at -$5.4 million in Q4 2025, -$5.1 million in Q3 2025, and -$4.4 million in Q2 2025.