So-Young International (NASDAQ:SY) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

So-Young International (NASDAQ:SY) issued its earnings results on Friday. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.03, Zacks reports. The business had revenue of $62.77 million during the quarter, compared to analysts’ expectations of $60.20 million. So-Young International had a negative net margin of 15.97% and a negative return on equity of 12.54%.

Here are the key takeaways from So-Young International’s conference call:

• So-Young reported Q1 2026 revenue of RMB 432.8 million, up 45.6% year over year, with aesthetic treatment services revenue rising 185.8% to RMB 282.4 million and exceeding the high end of guidance for the fourth straight quarter.
• The company’s clinic chain continued to scale quickly, reaching 59 centers across 17 cities by today, with Q1 treatment visits up 172% year over year and verified treatments up 164% year over year.
• Unit economics improved further, with 41 centers profitable and 48 generating positive operating cash flow in Q1. Management also said the aesthetic center business gross margin reached 27%, reflecting better operating efficiency.
• Management highlighted strong user engagement, including core members above 63,000 and referral-sourced new customers rising to 52% of the mix, while emphasizing that CAC remained well controlled.
• The company raised its supply-chain and product strategy, including an exclusive partnership with Jinbo Bio-Pharmaceutical and the launch of Miracle Collagen, while blockbuster products such as BBL and Thermage lifted blockbuster-product revenue contribution to 41% of Q1 sales.

So-Young International Trading Down 14.1%

SY stock traded down $0.38 on Friday, hitting $2.29. The company’s stock had a trading volume of 1,170,639 shares, compared to its average volume of 525,502. The stock has a market cap of $232.68 million, a price-to-earnings ratio of -6.89 and a beta of 2.10. The firm has a 50 day moving average of $2.88 and a two-hundred day moving average of $3.01. So-Young International has a 1 year low of $0.82 and a 1 year high of $6.28.

Institutional Investors Weigh In On So-Young International

Institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC boosted its stake in shares of So-Young International by 264.2% during the first quarter. Jane Street Group LLC now owns 36,419 shares of the company’s stock worth $30,000 after buying an additional 26,419 shares during the period. HRT Financial LP acquired a new position in So-Young International in the 4th quarter valued at about $32,000. Virtu Financial LLC purchased a new stake in So-Young International during the 4th quarter valued at approximately $33,000. Marshall Wace LLP purchased a new stake in So-Young International during the 4th quarter valued at approximately $45,000. Finally, Dimensional Fund Advisors LP acquired a new stake in So-Young International during the 3rd quarter worth approximately $63,000. 35.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SY shares. Weiss Ratings cut shares of So-Young International from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, April 27th. Wall Street Zen raised So-Young International from a “sell” rating to a “hold” rating in a report on Sunday, April 26th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $5.50.

So-Young International Company Profile

So-Young International Inc operates a leading digital marketplace and community platform focused on the medical aesthetic industry in China. Headquartered in Shanghai and founded in 2013, the company connects consumers seeking cosmetic treatments with a network of accredited clinics, licensed physicians and beauty service providers. Its online ecosystem offers a wealth of educational content, peer reviews and before-and-after galleries designed to help users make informed decisions about aesthetic procedures.

The company’s platform is accessible via web and mobile applications, where users can browse service packages, compare providers, read expert articles and schedule appointments directly through an integrated booking system.