So-Young International Inc. (SY) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q3'20 | Q2'20 |
|---|
| Sales/Revenue | 454.36M | 386.67M | 378.75M | 297.27M | 369.21M | 371.82M | 407.38M | 318.28M | 390.57M | 385.29M | 412.07M | 310.1M | 325.15M | 323.3M | 359.58M | 328.22M |
| Revenue Growth % | 23.06% | 3.99% | -7.03% | -6.6% | -5.47% | -3.5% | -1.14% | 2.64% | 20.12% | 19.17% | - | - | - | - | - | - |
| Cost of Goods Sold | 252.42M | 203.8M | 184.56M | 151.41M | 153.05M | 142.17M | 155.05M | 117.31M | 137.63M | 142.6M | 150.38M | 113.72M | 88.2M | 94.03M | 54.74M | 50.74M |
| COGS % of Revenue | 55.55% | 52.71% | 48.73% | 50.94% | 41.45% | 38.24% | 38.06% | 36.86% | 35.24% | 37.01% | 36.49% | 36.67% | 27.13% | 29.08% | 15.22% | 15.46% |
| Gross Profit | 201.95M | 182.87M | 194.19M | 145.85M | 216.16M | 229.66M | 252.33M | 200.97M | 252.93M | 242.69M | 261.69M | 196.38M | 236.94M | 229.28M | 304.84M | 277.48M |
| Gross Margin % | 44.45% | 47.29% | 51.27% | 49.06% | 58.55% | 61.76% | 61.94% | 63.14% | 64.76% | 62.99% | 63.51% | 63.33% | 72.87% | 70.92% | 84.78% | 84.54% |
| Gross Profit Growth % | -6.57% | -20.37% | -23.04% | -27.42% | -14.54% | -5.37% | -3.58% | 2.33% | 6.75% | 5.85% | - | - | - | - | - | - |
| Operating Expenses | 303.76M | 255.58M | 241.3M | 189.27M | 815.23M | 224.97M | 245.6M | 237.8M | 257.84M | 244.68M | 282.4M | 229.82M | 212.6M | 236.63M | 335.06M | 287.36M |
| OpEx % of Revenue | 66.85% | 66.1% | 63.71% | 63.67% | 220.8% | 60.51% | 60.29% | 74.71% | 66.02% | 63.51% | 68.53% | 74.11% | 65.39% | 73.19% | 93.18% | 87.55% |
| Selling, General & Admin | 266.84M | 219.26M | 210.12M | 157.16M | 232.47M | 184.78M | 203.11M | 198.21M | 212.84M | 194.09M | 230.26M | 174.03M | 171.53M | 184.63M | 271.92M | 235.03M |
| SG&A % of Revenue | 58.73% | 56.71% | 55.48% | 52.87% | 62.96% | 49.7% | 49.86% | 62.27% | 54.5% | 50.37% | 55.88% | 56.12% | 52.76% | 57.11% | 75.62% | 71.61% |
| Research & Development | 36.92M | 36.32M | 31.18M | 32.11M | 42.75M | 40.19M | 42.5M | 39.59M | 44.99M | 50.6M | 52.14M | 55.79M | 41.07M | 52M | 63.15M | 52.33M |
| R&D % of Revenue | 8.13% | 9.39% | 8.23% | 10.8% | 11.58% | 10.81% | 10.43% | 12.44% | 11.52% | 13.13% | 12.65% | 17.99% | 12.63% | 16.08% | 17.56% | 15.94% |
| Other Operating Expenses | 7 | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 646K | -781K | 0 | 0 |
| Operating Income | -101.81M | -72.71M | -47.11M | -43.41M | -599.07M | 4.68M | 6.72M | -36.83M | -4.9M | -1.99M | -20.71M | -33.44M | 24.34M | -7.35M | -30.23M | -9.88M |
| Operating Margin % | -22.41% | -18.81% | -12.44% | -14.6% | -162.26% | 1.26% | 1.65% | -11.57% | -1.26% | -0.52% | -5.03% | -10.78% | 7.49% | -2.27% | -8.41% | -3.01% |
| Operating Income Growth % | 83.01% | -1652.39% | -800.57% | -17.87% | -12115.89% | 335.14% | 132.46% | -10.16% | -120.14% | 72.9% | - | - | - | - | - | - |
| EBITDA | -44.6M | -63.7M | -32.92M | -34.76M | -587.54M | 16.21M | 18.25M | -25.31M | 6.62M | 9.78M | -8.94M | -21.66M | 36.12M | 169.25K | -28.7M | -8.35M |
| EBITDA Margin % | -9.82% | -16.47% | -8.69% | -11.69% | -159.14% | 4.36% | 4.48% | -7.95% | 1.69% | 2.54% | -2.17% | -6.99% | 11.11% | 0.05% | -7.98% | -2.54% |
| EBITDA Growth % | 92.41% | -493.04% | -280.42% | -37.32% | -8977.31% | 65.71% | 304.03% | -16.83% | -81.67% | 5678.14% | - | - | - | - | - | - |
| D&A (Non-Cash Add-back) | 57.21M | 0 | 0 | 0 | 11.52M | 11.52M | 11.52M | 11.52M | 11.52M | 11.77M | 11.77M | 11.77M | 11.77M | 7.52M | 1.53M | 1.53M |
| EBIT | -113.15M | -63.7M | -32.92M | -34.76M | -59.06M | 22.94M | 17.55M | -22.74M | 8.39M | 16.95M | -2.1M | -15.38M | 29.34M | -14.61M | -30.23M | -9.88M |
| Net Interest Income | 4.17M | 5.13M | 7.95M | 7.03M | 8.24M | 14.24M | 11.72M | 12.31M | 10.82M | 12.13M | 13.97M | 11.93M | 10.28M | 10.06M | 7.54M | 11.79M |
| Interest Income | 4.17M | 5.13M | 7.95M | 7.03M | 8.24M | 14.24M | 11.72M | 12.31M | 10.82M | 12.13M | 13.97M | 11.93M | 10.28M | 10.06M | 7.54M | 11.79M |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -11.34M | 9.02M | 14.18M | 8.66M | -6.77M | 18.26M | 10.83M | 14.09M | 13.29M | 18.95M | 18.62M | 18.06M | 5M | -7.25M | 14.87M | 14.8M |
| Pretax Income | -113.15M | -63.7M | -32.92M | -34.76M | -605.84M | 22.94M | 17.55M | -22.74M | 8.39M | 16.95M | -2.1M | -15.38M | 29.34M | -14.61M | -15.36M | 4.92M |
| Pretax Margin % | -24.9% | -16.47% | -8.69% | -11.69% | -164.09% | 6.17% | 4.31% | -7.15% | 2.15% | 4.4% | -0.51% | -4.96% | 9.02% | -4.52% | -4.27% | 1.5% |
| Income Tax | -610.45K | 1.14M | 1.88M | -1.6M | 2.13M | 2.1M | -2.57M | -2.56M | -10.84M | -2.19M | -785K | -4.26M | -2.42M | -16.49M | -16.26M | 2.78M |
| Effective Tax Rate % | 0.54% | -1.79% | -5.7% | 4.62% | -0.35% | 9.14% | -14.65% | 11.24% | -129.16% | -12.92% | 37.47% | 27.73% | -8.26% | 112.88% | 105.88% | 56.47% |
| Net Income | -107.35M | -64.28M | -36.04M | -33.14M | -607.58M | 20.35M | 18.94M | -21.24M | 17.5M | 18.3M | -2.58M | -11.95M | 31.27M | 2.31M | 903K | 2.14M |
| Net Margin % | -23.63% | -16.62% | -9.52% | -11.15% | -164.56% | 5.47% | 4.65% | -6.67% | 4.48% | 4.75% | -0.63% | -3.85% | 9.62% | 0.71% | 0.25% | 0.65% |
| Net Income Growth % | 82.33% | -415.88% | -290.27% | -56.02% | -3571.66% | 11.16% | 834.72% | -77.77% | -44.04% | 692.42% | - | - | - | - | - | - |
| Net Income (Continuing) | -112.54M | -64.84M | -34.8M | -33.15M | -607.96M | 20.84M | 20.12M | -20.19M | 19.22M | 19.14M | -1.31M | -11.11M | 31.77M | 1.88M | 903K | 2.14M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 115.58M | 120.77M | 120.83M | 119.59M | 119.61M | 119.84M | 119.34M | 118.24M | 117.19M | 115.46M | 114.62M | 117.77M | 109.94M | 70.46M | 0 | 0 |
| EPS (Diluted) | -0.81 | -0.49 | -0.28 | -0.25 | -4.55 | 0.15 | 0.14 | -0.16 | 0.13 | 0.14 | -0.02 | -0.08 | 0.22 | 0.02 | 0.01 | 0.02 |
| EPS Growth % | 82.2% | -426.67% | -300% | -56.25% | -3600% | 7.14% | 807.07% | -89.13% | -40.91% | 748.48% | - | - | - | - | - | - |
| EPS (Basic) | -0.81 | -0.49 | -0.28 | -0.25 | -4.55 | 0.15 | 0.14 | -0.16 | 0.14 | 0.14 | -0.02 | -0.08 | 0.22 | 0.02 | 0.01 | 0.02 |
| Diluted Shares Outstanding | 131.13M | 130.93M | 131.53M | 132.77M | 133.35M | 132.26M | 135.03M | 134.44M | 130.15M | 130.49M | 130.65M | 134.95M | 140.41M | 140.32M | 142.08M | 141.41M |
| Basic Shares Outstanding | 131.13M | 130.93M | 131.53M | 132.77M | 133.35M | 132.26M | 134.5M | 134.44M | 129.43M | 129.86M | 130.65M | 134.6M | 140.14M | 140.18M | 137.95M | 137.72M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |