Companies /Healthcare

So-Young International Inc

NASDAQ: SY Health Information Services
$2.78
▼ $0.03 (−1.07%) today
Markets closed · 6:57pm ET

Q2 2025 Earnings

Reported Aug 14, 2025, 8:00pm ET · SEC source
$-0.05
Beat +53.49%
EPS · est. $-0.11
$52.9M
Miss −85.40%
Revenue · est. $362.2M
+2.6%
Beating market
SY vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−18%−9%0Aug 14Aug 15report 8:00pm ETearnings−0.3%−19.2%
−18%−9%0Aug 14Aug 15earnings−0.3%−19.2%
SY −19.2%S&P 500 −0.3%
−18%−9%0Aug 14Aug 15report 8:00pm ETearnings−0.4%−19.2%
−18%−9%0Aug 14Aug 15earnings−0.4%−19.2%
SY −19.2%NASDAQ −0.4%
−20%0Aug 14Aug 22report 8:00pm ETearnings+0.0%−17.3%
−20%0Aug 14Aug 22earnings+0.0%−17.3%
SY −17.3%S&P 500 +0.0%
−20%0Aug 14Aug 22report 8:00pm ETearnings−1.2%−17.3%
−20%0Aug 14Aug 22earnings−1.2%−17.3%
SY −17.3%NASDAQ −1.2%
−22.73%
Day of report
−3.34%
Next session
+8.29%
One week
+5.08%
30 days

S&P 500 over the same 30 days: +2.45%.

Did SY Beat Earnings? Q2 2025 Results

Revenue was $52.87 million, below the $373.09 million consensus estimate. EPS was -$0.05, in line with the -$0.11 estimate. So-Young International Inc. reported a net loss of $5.03 million for Q2 2025, compared to a net income of $18.94 million in Q2 2024. The company experienced a 7% decline in total revenues year-over-year, primarily due to a decrease in the number of medical service providers subscribing to its platform. However, revenues from aesthetic treatment services increased significantly by 426.1% to $20.16 million, driven by the expansion of branded aesthetic centers. The company continues to focus on scaling its aesthetic center network and aims to operate 50 centers by year-end. Operating expenses slightly decreased by 1.8% to $33.68 million, reflecting cost management efforts.

Key Takeaways
  • Expansion of branded aesthetic centers.

“During the second quarter, our branded aesthetic centers became the largest contributor to revenue for the first time, a significant milestone in our transformation strategy.”

So-Young International CEO, on the earnings call

Forward Guidance & Outlook

For Q3 2025, So-Young expects aesthetic treatment services revenues to be between $20.9 million and $23.7 million, representing a significant increase from the same period in 2024.

SY YoY Financials

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$0$200.0M$400.0M$407.3M$52.9MRevenue$252.4M$27.1MGross Profit
$0$200.0M$400.0MRevenueGross Profit

SY Revenue by Segment

Aesthetic Treatment Services
Information and Reservation Services
Sales of Medical Products and Maintenance Services
Other Services

Figures from SEC filings and company reports. Not investment advice.