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SY: financial statements from SEC — TradeAlmanac

SY

So-Young International Inc. - American Depository Shares: financial statements

Company reports as filed with the U.S. Securities and Exchange Commission.

AnnualQuarterly

Income statement

Metric	31/12/2025	31/12/2024	31/12/2023	31/12/2022
Revenue	1.52B	1.47B	1.50B	1.26B
Cost of revenue	796M	568M	544M	393M
Gross profit	728M	123M	954M	865M
Research and development	137M	23M	204M	235M
Selling, general and administrative	—	324M	291M	260M
Operating expenses	1.01B	209M	1.01B	967M
Operating income	−286M	−624M	−61M	−103M
Pre-tax income	−246M	−588M	8M	−87M
Income tax	796,000	−905,000	−18M	−21M
Net income	−242M	−81M	21M	−66M
Weighted average shares	78M	79M	78M	83M
Weighted average shares, diluted	78M	79M	78M	83M

Balance sheet

Metric	19/08/2026	18/08/2026	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021
Cash and equivalents	—	—	418M	588M	426M	694M	1.34B
Receivables	—	—	52M	99M

Cash flow

Metric	31/12/2025	31/12/2024	31/12/2023	31/12/2022
Operating cash flow	−105M	−26M	23M	−113M
Depreciation and amortisation	57M	6M	46M	47M
Share-based compensation	9M	33M	36M	43M
Capital expenditure

Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator