So-Young Reports Impressive Third Quarter Financial Results
So-Young International Inc. (Nasdaq: SY) has recently announced noteworthy financial outcomes for its third quarter. The company, which leads the aesthetic treatment platform connecting consumers with offline and online aesthetic services, continues to show robust growth and resilient performance in the competitive market.
Key Financial Highlights for the Quarter
During the third quarter, So-Young generated revenues of RMB386.7 million (approximately US$54.3 million), marking a 4.0% increase from RMB371.8 million recorded in the same period the previous year. This growth was significantly driven by the aesthetics treatments segment, which reached RMB183.6 million (approximately US$25.8 million), a remarkable 304.6% increase compared to RMB45.4 million in the previous year. Despite these gains, the net loss attributable to So-Young International amounted to RMB64.3 million (US$9.0 million), contrasting with a net income of RMB20.3 million in the same quarter of 2024.
Operational Highlights That Stand Out
The operational metrics echoed the financial success, with verified treatment visits to branded aesthetic centers climbing to over 89,800, substantially up from approximately 23,600 in the corresponding period last year. The treatments performed also saw substantial growth, exceeding 194,700, up from about 49,100 in 2024.
Additionally, the active user base—those who have visited branded centers at least once in the past 12 months—rose to over 130,000, compared to about 30,300 in the previous year. Moreover, So-Young's core member count increased by over 10,000 this quarter, indicating a 40% sequential growth. Remarkably, these core members contributed 88% of the revenues from aesthetic services and showcased a quarterly repurchase rate of around 70%.
Revenues and Future Outlook
As of September 30, 2025, So-Young operated 39 fully functional branded aesthetic centers across ten major cities, with 20 achieving profitability during the quarter. Looking ahead, So-Young anticipates the fourth-quarter aesthetic treatment service revenues to range between RMB216 million (US$30.3 million) and RMB226 million (US$31.7 million). This forecast represents a significant increase between 165.8% and 178.1% over the same period last year, bolstered by continued market demand and operational improvements.
Management's Perspectives on Growth
Mr. Xing Jin, Co-Founder and CEO of So-Young, highlighted the overall quality growth, as the aesthetic revenue consistently exceeded guidance predictions. With increasing trust in the brand and a commitment to high-quality treatment accessibility, So-Young is focused on ensuring consumers benefit from transparent pricing and standardized care.
Chief Financial Officer, Mr. Hui Zhao, elaborated on the financial performance, attributing the healthy results to consistent operational efficiency throughout the aesthetic center network. As the company approaches its goal of 50 operational centers, clear advancements in cost structure and service functionality are visibly enhancing growth prospects.
Looking Forward
As So-Young International Inc. navigates the competitive landscape, the company remains steadfast in its commitment to operational excellence. Investors can anticipate continued growth strategies focusing on enhancing service efficiency, expanding service offerings, and integrating technology innovation aimed at improving consumer experiences. The first nine months of 2025 have set a solid foundation for the company's ongoing commitment to sustainable growth and long-term value creation.
Frequently Asked Questions
What are the significant financial highlights for So-Young in Q3 2025?
So-Young reported revenues of RMB386.7 million for Q3 2025, a growth of 4.0% year-over-year, driven largely by a 304.6% increase in aesthetic treatment service revenues.
How did the number of active users change compared to last year?
The number of active users increased to over 130,000 in Q3 2025, compared to approximately 30,300 in the same period last year.
What was the net loss reported for Q3 2025?
So-Young reported a net loss of RMB64.3 million in Q3 2025, in contrast to a net income of RMB20.3 million in the same quarter the prior year.
How many branded aesthetic centers did So-Young operate as of September 30, 2025?
As of September 30, 2025, So-Young operated 39 fully functional branded aesthetic centers across ten major cities.
What is the company’s revenue forecast for the fourth quarter of 2025?
So-Young expects revenue from aesthetic treatment services in Q4 2025 to range between RMB216 million and RMB226 million, representing a robust growth of 165.8% to 178.1% year-over-year.
