7 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $218M | -$35M | 47.8% | -18.8% | -$43M | — | $60M |
| 2024 | $201M | -$81M | 61.3% | -42.6% | -$12M | — | $81M |
| 2023 | $211M | $3M | 63.7% | -4.1% | -$4M | — | $60M |
| 2022 | $182M | -$10M | 68.7% | -8.2% | -$19M | — | $101M |
| 2021 | $266M | -$1M | 80.6% | -1.9% | $6M | — | $209M |
| 2020 | $198M | $891000 | 83.6% | -4.4% | $22M | — | $173M |
| 2019 | $165M | $25M | 82.8% | 12.6% | $50M | — | $127M |
How the market has priced SY against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, So-Young International Inc.'s revenue has grown 1.9% per year. These are computed facts, not advice.
As of FY2025, So-Young International Inc. reported — of total debt against $60M of cash.
In FY2025, gross margin was 47.8%, operating margin -18.8%, and net margin -15.9%.
As of Jun '26, So-Young International Inc. traded at a price-to-earnings ratio of about 21.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.