So-Young International (SY) Q3 2025 Earnings
How Did SY Stock React to Q3 2025 Earnings?
Did SY Beat Earnings? Q3 2025 Results
Yes. So-Young International reported Q3 2025 earnings of $-0.12 a share on Nov 16, 2025, beating the $-0.33 consensus estimate by 63.9%. Revenue was $54.3M against a $386.6M estimate.
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.
- Business expansion of branded aesthetic centers
“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.”
So-Young International CEO, on the earnings call
What Was So-Young International's Outlook in Q3 2025?
For Q4 2025, So-Young expects aesthetic treatment services revenues to be between $30.3 million and $31.7 million, representing a significant increase from the same period in 2024. The company plans to continue expanding its network of aesthetic centers and improving operational efficiency.
SY YoY Financials
| Metric | Q3 2025 | Q3 2024 | Year over year |
|---|---|---|---|
| Revenue | $54.3M | $371.8M | −85.4% |
| Gross Profit | $25.7M | $229.6M | −88.8% |
SY Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.