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So-Young (SY) Revenue & Revenue Breakdown

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So-Young Revenue Highlights

Latest Revenue (Y)

$1.50B

Latest Revenue (Q)

$318.28M

Main Segment (Y)

Information services and others

So-Young Revenue by Period

So-Young Revenue by Year

DateRevenueChange
2023-12-31$1.50B19.09%
2022-12-31$1.26B-25.68%
2021-12-31$1.69B30.69%
2020-12-31$1.29B12.45%
2019-12-31$1.15B86.58%
2018-12-31$617.23M138.03%
2017-12-31$259.31M428.22%
2016-12-31$49.09M-

So-Young generated $1.50B in revenue during NA 2023, up 19.09% compared to the previous quarter, and up 242.70% compared to the same period a year ago.

So-Young Revenue by Quarter

DateRevenueChange
2024-03-31$318.28M-18.51%
2023-12-31$390.57M1.37%
2023-09-30$385.29M-6.50%
2023-06-30$412.07M32.88%
2023-03-31$310.10M-4.63%
2022-12-31$325.15M0.57%
2022-09-30$323.30M4.60%
2022-06-30$309.08M2.91%
2022-03-31$300.35M-33.19%
2021-12-31$449.52M4.19%
2021-09-30$431.45M-4.51%
2021-06-30$451.85M25.64%
2021-03-31$359.64M-15.30%
2020-12-31$424.63M18.09%
2020-09-30$359.58M9.55%
2020-06-30$328.22M79.79%
2020-03-31$182.55M-49.03%
2019-12-31$358.17M18.43%
2019-09-30$302.43M6.12%
2019-06-30$284.99M38.31%
2019-03-31$206.05M12.59%
2018-12-31$183.01M8.71%
2018-09-30$168.36M10.65%
2018-06-30$152.16M33.82%
2018-03-31$113.70M-

So-Young generated $318.28M in revenue during Q1 2024, up -18.51% compared to the previous quarter, and up 97.89% compared to the same period a year ago.

So-Young Revenue Breakdown

So-Young Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 22Dec 21Dec 20Dec 19
Sales of equipment and maintenance services$240.73M$111.96M--
Reservation services$128.67M$276.05M--
Information services and others$888.48M$1.30B--
Reservation Services--$332.90M$318.21M
Information Services--$962.09M$833.42M

So-Young's latest annual revenue breakdown by segment (product or service), as of Dec 22: Information services and others (70.63%), Sales of equipment and maintenance services (19.14%), and Reservation services (10.23%).

So-Young Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
SYSo-Young$1.50B$318.28M
HQYHealthEquity$999.59M$299.93M
MPLNMultiPlan$961.52M$230.50M
CMAXCareMax$751.10M$198.63M
CPSITruBridge$326.65M$82.71M
HSTMHealthStream$279.06M$73.09M
DHDefinitive Healthcare$251.41M$62.70M
NRCNational Research$148.58M$35.82M
ETAOETAO$58.06M-
HCTIHealthcare Triangle$33.20M$2.41M
STRMStreamline Health Solutions$22.60M$4.48B
FORAForian$20.48M$4.78M
LIFWMSP Recovery$7.71M$3.67M
EUDAEUDA Health$3.71M$1.11M
AKLIAkili$1.68M$383.00K
ACONAclarion$75.40K$10.97K

SY Revenue FAQ

What is So-Young’s yearly revenue?

So-Young's yearly revenue for 2023 was $1.5B, representing an increase of 19.09% compared to 2022. The company's yearly revenue for 2022 was $1.26B, representing a decrease of -25.68% compared to 2021. SY's yearly revenue for 2021 was $1.69B, representing an increase of 30.69% compared to 2020.

What is So-Young’s quarterly revenue?

So-Young's quarterly revenue for Q1 2024 was $318.28M, a -18.51% decrease from the previous quarter (Q4 2023), and a 2.64% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $390.57M, a 1.37% increase from the previous quarter (Q3 2023), and a 20.12% increase year-over-year (Q4 2022). SY's quarterly revenue for Q3 2023 was $385.29M, a -6.50% decrease from the previous quarter (Q2 2023), and a 19.17% increase year-over-year (Q3 2022).

What is So-Young’s revenue growth rate?

So-Young's revenue growth rate for the last 3 years (2021-2023) was -11.49%, and for the last 5 years (2019-2023) was 30.08%.

What are So-Young’s revenue streams?

So-Young's revenue streams in c 22 are Sales of equipment and maintenance services, Reservation services, and Information services and others. Sales of equipment and maintenance services generated $240.73M in revenue, accounting 19.14% of the company's total revenue, up 115.02% year-over-year. Reservation services generated $128.67M in revenue, accounting 10.23% of the company's total revenue, down -53.39% year-over-year. Information services and others generated $888.48M in revenue, accounting 70.63% of the company's total revenue, down -31.89% year-over-year.

What is So-Young’s main source of revenue?

For the fiscal year ending Dec 22, the largest source of revenue of So-Young was Information services and others. This segment made a revenue of $888.48M, representing 70.63% of the company's total revenue.