So-Young International Inc.
SY Nasdaq· Services-Computer Processing & Data Preparation
Last close · Oct 26, 2026
$2.12
KIRA · Stoqly’s AI analyst, in plain words
- So-Young International Inc. had $212M of revenue in fiscal 2025, up 4.0% on the year before. Over five years, revenue changed +2.5% a year on average.
- Its operating margin was −18.8%, up 23.8 pts: of every 100 in sales, about −19 is left after running the business.
- So-Young International Inc. lost $33.7M in fiscal 2025.
- Free cash flow was −$42.0M in fiscal 2025, −19.8% of revenue.
- So-Young International Inc. returned $4.8M to shareholders in fiscal 2025. The diluted share count fell 1.9%.
- So-Young International Inc. has $54.0M more cash than debt.
Market cap
$16.5M
P/E
—
Revenue
$212M
Net income
−$33.7M
Free cash flow
−$42.0M
Operating margin
−18.8%
So-Young International Inc. in 30 seconds · fiscal 2025
Are sales growing?
+4.0%
Only a little. Sales grew 4.0% last year.
Does it make a profit?
−15.9%
No. It lost money last year.
Does profit turn into cash?
−19.8%
No. It spent more cash than it brought in.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
What So-Young International Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 23, 2026
- Legal name
- So-Young International Inc.
- CIK
- 0001758530
So-Young International Inc. · SY
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $262M | $187M | $211M | $204M | $212M |
| Revenue growth | 39.9% | −28.8% | 13.2% | −3.6% | 4.0% |
| Gross margin | 80.6% | 68.7% | 63.7% | 61.3% | 47.8% |
| Operating margin | −1.9% | −8.2% | −4.1% | −42.6% | −18.8% |
| Net income | −$1.3M | −$9.7M | $3.0M | −$81.9M | −$33.7M |
| Net margin | −0.5% | −5.2% | 1.4% | −40.2% | −15.9% |
| Cash | |||||
| Cash from operations | $13.1M | −$16.8M | $3.2M | −$3.6M | −$14.7M |
| Capital expenditure | $7.0M | $2.3M | $7.2M | $8.7M | $27.4M |
| Free cash flow | $6.1M | −$19.1M | −$4.0M | −$12.3M | −$42.0M |
| FCF margin | 2.3% | −10.2% | −1.9% | −6.0% | −19.8% |
| Dividends paid | — | — | — | $6.1M | $2.6M |
| Share buybacks | $33.8M | $2.2M | $17.7M | $2.5M | $2.1M |
| Share count change | −2.5% | 1.2% | −5.6% | 1.7% | −1.9% |
| Debt and strength | |||||
| Cash and short-term investments | $210M | $101M | $60.0M | $80.5M | $59.7M |
| Debt incl. finance leases | — | — | $4.2M | $9.6M | $5.7M |
| Shareholders' equity | $385M | $362M | $344M | $252M | $222M |
| Current ratio | 2.8x | 3.6x | 3.2x | 2.7x | 1.9x |
| Returns and quality | |||||
| Return on capital | — | — | −3.0% | −37.9% | −18.7% |
| Return on equity | −0.3% | −2.6% | 0.9% | −27.5% | −14.2% |
| Return on tangible equity | −0.5% | −3.8% | 1.2% | −34.9% | −16.8% |
| Piotroski F-score | 4 | 1 | 6 | 2 | 5 |
| Altman Z'' | 5.4 | 6.7 | 5.9 | 2.5 | 1.2 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
So-Young International Inc. · SY
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $2.12 a share, the company is worth $16.5M.
Source: SEC EDGAR XBRL filings (CIK 0001758530). Data updated October 24, 2026. Filed in CNY under US GAAP and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. For information only — not investment advice. Check the original filings before relying on any figure.