Monitor the company's ability to achieve profitability at its growing network of aesthetic centers, as revenue growth is not yet translating to bottom-line improvement.
Price Chart
Executive Summary
So-Young International Inc. reported a significant revenue increase in 2025 driven by its expanding aesthetic center network, with aesthetic treatment revenues surging 299% year-over-year. Despite this growth, the company incurred a net loss of $35.3 million, and its share repurchase program has been extended. The filing confirms the company is no longer at risk of delisting under the HFCAA.
Key Facts
- Total revenues increased 3.9% to $217.8 million in 2025
- Aesthetic treatment services revenue grew 298.7% to $96.5 million
- Net loss was $246.9 million, an improvement from $587.2 million in 2024
- Share repurchase program extended through March 31, 2027
- Company is no longer at risk of delisting under the HFCAA
Financial Impact
Revenue growth driven by aesthetic centers, but overall net loss persists
Risk Factors
- Continued net losses despite revenue growth
- Dependence on continued expansion of aesthetic centers
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 12 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 20-F Filing (Primary) | 0001104659-26-047129 |
| Document: sy-20251231xex8d1.htm | 0001104659-26-047129 |
| Document: sy-20251231xex12d2.htm | 0001104659-26-047129 |
| Document: sy-20251231xex12d1.htm | 0001104659-26-047129 |
| Document: sy-20251231xex13d2.htm | 0001104659-26-047129 |
| Document: sy-20251231xex13d1.htm | 0001104659-26-047129 |
| Document: sy-20251231xex15d3.htm | 0001104659-26-047129 |
| Document: sy-20251231xex15d2.htm | 0001104659-26-047129 |
| Document: sy-20251231xex15d1.htm | 0001104659-26-047129 |
| Document: 0001104659-26-047129-index-headers.html | 0001104659-26-047129 |
| Document: 0001104659-26-047129-index.html | 0001104659-26-047129 |
| Document: 0001104659-26-047129.txt | 0001104659-26-047129 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 31, 2026 8w ago | 6-K | $2.91 $2.71 | ▼ −6.87% | ▼ −6.69% | $2.09 (−28.18%) |
Aug 19, 2026 9w ago | Press Release | $2.39 $2.78 | ▲ +16.32% | ▲ +18.27% | $2.09 (−12.55%) |
Apr 23, 2026 26w ago | 20-F | $2.70 $2.63 | ▼ −2.59% | ▼ −7.23% | $2.09 (−22.59%) |
US Market Status
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