So-Young International Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $217.8M | $200.9M | $211.0M | $182.4M | $265.6M | $198.5M |
| Cost of Revenue | $113.8M | $77.8M | $76.7M | $57.0M | $51.5M | $32.5M |
| Gross Profit | $104.1M | $123.2M | $134.3M | $125.4M | $214.1M | $165.9M |
| Gross Margin | 47.8% | 61.3% | 63.7% | 68.7% | 80.6% | 83.6% |
| Operating Expenses | ||||||
| Research & Development | $19.6M | $22.6M | $28.7M | $34.1M | $45.0M | $35.1M |
| SG&A Expense | — | $44.4M | $41.0M | $37.7M | $39.6M | $28.2M |
| Operating Income | $-40.9M | $-85.6M | $-8.6M | $-14.9M | $-5.1M | $-8.7M |
| Operating Margin | -18.8% | -42.6% | -4.1% | -8.2% | -1.9% | -4.4% |
| Interest Expense | — | — | — | — | — | — |
| Pretax Income | $-35.2M | $-80.6M | $1.1M | $-12.6M | $-2.6M | $15.0K |
| Income Tax Expense | $114.0K | $-124.0K | $-2.5M | $-3.0M | $3.3M | $-733.0K |
| Net Income | $-34.6M | $-80.8M | $3.0M | $-9.5M | $-1.3M | $891.0K |
| Net Margin | -15.9% | -40.2% | 1.4% | -5.2% | -0.5% | 0.4% |
| EPS (Basic) | — | — | — | — | — | — |
| EPS (Diluted) | — | — | — | — | — | — |
| Shares Outstanding (Basic) | 77.9M | 79.4M | 77.6M | 82.7M | 81.7M | 81.5M |
| Shares Outstanding (Diluted) | 77.9M | 79.4M | 78.1M | 82.7M | 81.7M | 83.8M |
| Dividends Per Share | — | — | — | — | — | — |