Loading...
•
Sep 30, 2025
So-Young Q3 2025 Earnings Report
So-Young reported a net loss in Q3 2025 amid strong growth in aesthetic treatment revenues.
Key Takeaways
The company delivered solid growth in its branded aesthetic services, though overall profitability was impacted by declining revenues in other segments and increased operating expenses.
Aesthetic treatment services revenue grew to $25.8M, exceeding internal guidance.
Verified aesthetic treatments quadrupled YoY, reaching nearly 195K procedures.
So-Young operated 39 branded aesthetic centers, 29 of which had positive cash flow.
Net loss was $9.0M for the quarter, compared to a $2.8M profit a year earlier.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For Q4 2025, So-Young expects aesthetic treatment services revenue between $30.3M and $31.7M.
Positive Outlook
- Strong YoY growth expected in aesthetic treatment services
- Expansion to nearly 50 branded clinics by year-end
- Core members drove 88% of treatment revenue
- High 70% repurchase rate from returning users
- Mature centers showing profitability and efficiency
Challenges Ahead
- Overall net loss projected to persist
- Information and reservation revenue in decline
- Medical product sales down due to weaker demand
- Elevated marketing and administrative spending
- Decreased cash reserves from prior year-end levels
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...