So-Young International

So-Young International (SY) Q3 2025 Earnings

Reported Nov 16, 2025 at 7:00 PM ET · SEC Source

Q3 25 EPS

$-0.12

BEAT +63.87%

Est. $-0.33

Q3 25 Revenue

$54.3M

MISS 85.95%

Est. $386.6M

vs S&P Since Q3 25

-70.6%

TRAILING MARKET

SY -59.5% vs S&P +11.2%

Market Reaction

Did SY Beat Earnings? Q3 2025 Results

Revenue was $54.32 million, below the $398.24 million consensus estimate. The company reported a non-GAAP net loss of $8.66 million, compared to a non-GAAP net income of $22.25 million in the same period last year. Total revenues increased by 4.0% ye… Read more Revenue was $54.32 million, below the $398.24 million consensus estimate. The company reported a non-GAAP net loss of $8.66 million, compared to a non-GAAP net income of $22.25 million in the same period last year. Total revenues increased by 4.0% year-over-year, driven by a significant rise in aesthetic treatment services, which surged 304.6% to $25.79 million. However, information and reservation services revenues declined by 34.5% to $16.47 million. The number of verified treatment visits increased significantly, reflecting strong operational performance. Despite the revenue growth, the company faced increased costs and operating expenses, leading to a net loss. The CEO emphasized the company's focus on expanding its network of aesthetic centers and improving operational efficiency.

Key Takeaways

  • Business expansion of branded aesthetic centers
24/7 Wall St

SY YoY Financials

Q3 2025 vs Q3 2024, source: SEC Filings

24/7 Wall St

SY Revenue by Segment

With YoY comparisons, source: SEC Filings

Q4 25 Q1 26

“In the third quarter, our branded aesthetic centers continued to deliver strong, high-quality growth with aesthetic treatment services revenues once again exceeding our guidance range.”

— Xing Jin, Q3 2025 Earnings Press Release