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ATRenew Inc. Reports Unaudited First Quarter 2026 Financial Results
May 19, 2026 4:00 AM
PR Newswire (US)
SHANGHAI, May 19, 2026 /PRNewswire/ -- ATRenew Inc. ("ATRenew" or the "Company") (NYSE: RERE), a pioneer in technology-driven recycling and trade-in solutions for consumer products in China, today announced its unaudited financial results for the three months ended March 31, 2026.
First Quarter 2026 Highlights
Mr. Kerry Xuefeng Chen, Founder, Chairman, and Chief Executive Officer of ATRenew, commented, "ATRenew achieved accelerated growth across multiple dimensions in the first quarter of 2026. Total net revenue reached RMB6,160.1 million, representing a 32.4% year-on-year increase. We deepened our self-operated capabilities across the value chain. On the sourcing side, we continuously improved users' awareness of recycling and trade-in programs, expanded our doorstep fulfillment network, and actively deployed our capital to acquire first-hand sources. In the meantime, we leverage AI capabilities to offer better prices, thus strengthening control over upstream supply while delivering a more reliable user experience. As we expanded our compliant refurbishment capacity to a high standard on the processing side, we also ensured supply for our direct retail business and high-quality resale to small business owners on the distribution side. These efforts ultimately created greater value end-to-end across the entire value chain."
Mr. Rex Chen, Chief Financial Officer of ATRenew, added, "In addition to strong topline growth, ATRenew also achieved rapid profit growth in the first quarter of 2026. Adjusted income from operations increased by 70.2% year-on-year to RMB190.5 million. In refining our management and operations, we prioritized building out doorstep fulfillment capabilities and optimizing operational spending. These initiatives, combined with economies of scale, drove year-on-year improvements in our key expense ratios, effectively boosting profitability for the quarter. Looking forward, we will continue to pursue rapid growth in scale and revenue, seize development opportunities in the second-hand industry, and further optimize our cost structure to create long-term value for both users and shareholders."
[1] For all measures labeled as "non-GAAP" on this page and following pages, please see "Unaudited Reconciliations of GAAP and Non-GAAP Results" for more information. |
[2] "Number of consumer products transacted" represents the number of consumer products distributed to merchants and consumers through transactions on the Company's PJT Marketplace, Paipai Marketplace and other channels the Company operates in a given period, prior to returns and cancellations, excluding the number of consumer products collected through AHS Recycle; a single consumer product may be counted more than once according to the number of times it is transacted on PJT Marketplace, Paipai Marketplace and other channels the Company operates through the distribution process to end consumer. |
First Quarter 2026 Financial Results
REVENUE
Total net revenues increased by 32.4% to RMB6,160.1 million (US$893.0 million) from RMB4,653.5 million in the same period of 2025.
OPERATING COSTS AND EXPENSES
Operating costs and expenses were RMB5,987.9 million (US$868.1 million), compared to RMB4,581.0 million in the same period of 2025, representing an increase of 30.7%.
INCOME FROM OPERATIONS
Income from operations was RMB185.3 million (US$26.9 million), representing an increase of 154.9% from RMB72.7 million in the same period of 2025.
Adjusted income from operations (non-GAAP) was RMB190.5 million (US$27.6 million), representing an increase of 70.2% from RMB111.9 million in the same period of 2025.
NET INCOME
Net income was RMB135.1 million (US$19.6 million), representing an increase of 215.7% from RMB42.8 million in the same period of 2025.
Adjusted net income (non-GAAP) was RMB140.1 million (US$20.3 million), representing an increase of 79.6% from RMB78.0 million in the same period of 2025.
BASIC AND DILUTED NET INCOME PER ORDINARY SHARE
Basic and diluted net income per ordinary share were RMB0.84 (US$0.12) and RMB0.84 (US$0.12), compared to RMB0.27 and RMB0.26 in the same period of 2025.
Adjusted basic and diluted net income per ordinary share (non-GAAP) were RMB0.87 (US$0.13) and RMB0.87 (US$0.13), compared to RMB0.48 and RMB0.48 in the same period of 2025.
CASH AND CASH EQUIVALENTS, RESTRICTED CASH, SHORT-TERM INVESTMENTS AND FUNDS RECEIVABLE FROM THIRD PARTY PAYMENT SERVICE PROVIDERS
Cash and cash equivalents, restricted cash, short-term investments and funds receivable from third party payment service providers were RMB1,718.8 million (US$249.2 million) as of March 31, 2026, as compared to RMB2,187.4 million as of December 31, 2025.
Business Outlook
For the second quarter of 2026, the Company currently expects its total revenues to be between RMB6,240.0 million and RMB6,340.0 million, representing an increase of 25.0% to 27.0% year-over-year. This forecast only reflects the Company's current and preliminary views on the market and operational conditions, which are subject to change.
Recent Developments
On June 30, 2025, the board of directors of the Company (the "Board") authorized a new share repurchase program, under which the Company may repurchase up to US$50 million of its shares (including ADSs) over a 12-month period starting from June 30, 2025. During the first quarter of 2026, the Company repurchased a total of approximately 0.5 million ADSs for approximately US$2.7 million. As of March 31, 2026, the Company had cumulatively repurchased a total of approximately 2.3 million ADSs for approximately US$10.6 million, with approximately US$39.4 million remaining available for repurchases under the share repurchase program. On May 19, 2026, the Board has authorized an extension of the existing share repurchase program for an additional 12-month period commencing from June 30, 2026, with other key terms remaining unchanged.
Conference Call Information
The Company's management will hold a conference call on Tuesday, May 19, 2026 at 08:00 A.M. Eastern Time (or 08:00 P.M. Beijing Time on the same day) to discuss the financial results. Listeners may access the call by dialing the following numbers:
International: | 1-412-317-6061 | |
United States Toll Free: | 1-888-317-6003 | |
Mainland China Toll Free: | 4001-206115 | |
Hong Kong Toll Free: | 800-963976 | |
Access Code: | 2239384 |
The replay will be accessible through May 26, 2026 by dialing the following numbers:
International: | 1-412-317-0088 | |
United States Toll Free: | 1-855-669-9658 | |
Access Code: | 3889521 |
A live and archived webcast of the conference call will also be available at the Company's investor relations website at ir.atrenew.com.
About ATRenew Inc.
Headquartered in Shanghai, ATRenew Inc. is a pioneer in technology-driven recycling and trade-in solutions for consumer products in China. Since inception in 2011, ATRenew has been on a mission to give a second life to all idle goods, reducing the environmental impact of pre-owned consumer products by facilitating recycling, trade-ins and distribution that prolong their lifecycle. ATRenew's open platform integrates C2B, B2B, and B2C capabilities to empower its online and offline services. Powered by proprietary technologies and a scalable platform ecosystem, ATRenew enhances transaction efficiency and pricing transparency for consumers and merchants alike while advancing circular economy standards in China. ATRenew is a participant in the United Nations Global Compact, and adheres to its principles-based approach to responsible business.
Exchange Rate Information
This announcement contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.8980 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of March 31, 2026.
Use of Non-GAAP Financial Measures
The Company also uses certain non-GAAP financial measures in evaluating its business. For example, the Company uses adjusted income from operations, adjusted net income and adjusted net income per ordinary share as supplemental measures to review and assess its financial and operating performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation, or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. Adjusted income from operations is income from operations excluding the share-based compensation expenses and amortization of intangible assets resulting from assets and business acquisitions. Adjusted net income is net income excluding the share-based compensation expenses and amortization of intangible assets resulting from assets and business acquisitions and tax effects of amortization of intangible assets resulting from assets and business acquisitions. Adjusted net income per ordinary share is adjusted net income attributable to ordinary shareholders divided by weighted average number of shares used in calculating net income per ordinary share.
The Company presents non-GAAP financial measures because they are used by the Company's management to evaluate the Company's financial and operating performance and formulate business plans. The Company believes that adjusted income from operations and adjusted net income help identify underlying trends in the Company's business that could otherwise be distorted by the effect of certain expenses that are included in income from operations and net income. The Company also believes that the use of non-GAAP financial measures facilitates investors' assessment of the Company's operating performance. The Company believes that adjusted income from operations and adjusted net income provide useful information about the Company's operating results, enhance the overall understanding of the Company's past performance and future prospects and allow for greater visibility with respect to key metrics used by the Company's management in its financial and operational decision making.
The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using non-GAAP financial measures is that they do not reflect all items of income and expense that affect the Company's operations. The share-based compensation expenses, amortization of intangible assets resulting from assets and business acquisitions and tax effects of amortization of intangible assets resulting from assets and business acquisitions have been and may continue to be incurred in the Company's business and is not reflected in the presentation of non-GAAP financial measures. Further, the non-GAAP measures may differ from the non-GAAP measures used by other companies, including peer companies, potentially limiting the comparability of their financial results to the Company's. In light of the foregoing limitations, the non-GAAP financial measures for the period should not be considered in isolation from or as an alternative to income from operations, net income, and net income attributable to ordinary shareholders per share, or other financial measures prepared in accordance with U.S. GAAP.
The Company compensates for these limitations by reconciling the non-GAAP financial measures to the nearest U.S. GAAP performance measures, which should be considered when evaluating the Company's performance. For reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures, please see the section of the accompanying tables titled, "Reconciliations of GAAP and Non-GAAP Results."
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to" and similar statements. Among other things, quotations in this announcement, contain forward-looking statements. ATRenew may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about ATRenew's beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: ATRenew's strategies; ATRenew's future business development, financial condition and results of operations; ATRenew's ability to maintain its relationship with major strategic investors; its ability to facilitate pre-owned consumer electronics transactions and provide relevant services; its ability to maintain and enhance the recognition and reputation of its brand; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in ATRenew's filings with the SEC. All information provided in this press release is as of the date of this press release, and ATRenew does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Investor Relations Contact
ATRenew Inc.
Investor Relations
Email: ir@atrenew.com
Christensen Advisory
Email: rere@christensencomms.com
ATRENEW INC. | ||||||||||||
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||||||||
(Amounts in thousands) | ||||||||||||
As of December 31, | As of March 31, | |||||||||||
2025 | 2026 | |||||||||||
RMB | RMB | US$ | ||||||||||
ASSETS | ||||||||||||
Current assets: | ||||||||||||
Cash and cash equivalents | 1,537,461 | 1,012,641 | 146,802 | |||||||||
Restricted cash | 500 | 500 | 72 | |||||||||
Short-term investments | 267,641 | 247,913 | 35,940 | |||||||||
Amount due from related parties, net | 414,779 | 482,458 | 69,942 | |||||||||
Inventories | 1,074,080 | 1,486,198 | 215,453 | |||||||||
Funds receivable from third party payment service | 381,284 | 457,279 | 66,292 | |||||||||
Accounts receivables, net | 131,598 | 145,388 | 21,077 | |||||||||
Prepayments and other receivables, net | 933,960 | 941,984 | 136,560 | |||||||||
Total current assets | 4,741,303 | 4,774,361 | 692,138 | |||||||||
Non-current assets: | ||||||||||||
Long-term investments | 485,401 | 467,253 | 67,737 | |||||||||
Property and equipment, net | 239,378 | 235,968 | 34,208 | |||||||||
Intangible assets, net | 10,653 | 9,875 | 1,432 | |||||||||
Other non-current assets | 489,209 | 497,693 | 72,150 | |||||||||
Total non-current assets | 1,224,641 | 1,210,789 | 175,527 | |||||||||
TOTAL ASSETS | 5,965,944 | 5,985,150 | 867,665 | |||||||||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||||||
Current liabilities: | ||||||||||||
Short-term borrowings | 322,855 | 294,706 | 42,723 | |||||||||
Accounts payable | 335,622 | 225,011 | 32,620 | |||||||||
Contract liabilities | 231,771 | 271,178 | 39,313 | |||||||||
Accrued expenses and other current liabilities | 644,782 | 841,980 | 122,061 | |||||||||
Accrued payroll and welfare | 189,904 | 181,242 | 26,275 | |||||||||
Amount due to related parties | 178,224 | 160,367 | 23,248 | |||||||||
Total current liabilities | 1,903,158 | 1,974,484 | 286,240 | |||||||||
Non-current liabilities: | ||||||||||||
Operating lease liabilities, non-current | 70,031 | 64,847 | 9,401 | |||||||||
Deferred tax liabilities | 2,352 | 2,235 | 324 | |||||||||
Total non-current liabilities | 72,383 | 67,082 | 9,725 | |||||||||
TOTAL LIABILITIES | 1,975,541 | 2,041,566 | 295,965 | |||||||||
TOTAL SHAREHOLDERS' EQUITY | 3,990,403 | 3,943,584 | 571,700 | |||||||||
TOTAL LIABILITIES AND SHAREHOLDERS' | 5,965,944 | 5,985,150 | 867,665 | |||||||||
ATRENEW INC. | ||||||||||||||||
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND | ||||||||||||||||
(Amounts in thousands, except share and per share and otherwise noted) | ||||||||||||||||
Three months ended, | ||||||||||||||||
March 31, | December 31, | March 31, 2026 | ||||||||||||||
RMB | RMB | RMB | US$ | |||||||||||||
Net revenues | ||||||||||||||||
Net product revenues | 4,263,679 | 5,831,223 | 5,729,814 | 830,649 | ||||||||||||
Net service revenues | 389,766 | 422,968 | 430,300 | 62,380 | ||||||||||||
Operating (expenses) income (1)(2) | ||||||||||||||||
Merchandise costs | (3,615,916) | (5,032,320) | (4,816,769) | (698,285) | ||||||||||||
Fulfillment expenses | (427,849) | (483,139) | (524,048) | (75,971) | ||||||||||||
Selling and marketing expenses | (418,858) | (464,083) | (493,873) | (71,597) | ||||||||||||
General and administrative expenses | (63,374) | (59,966) | (79,831) | (11,573) | ||||||||||||
Research and development expenses | (55,004) | (62,618) | (73,404) | (10,641) | ||||||||||||
Other operating income, net | 244 | 19,575 | 13,131 | 1,904 | ||||||||||||
Income from operations | 72,688 | 171,640 | 185,320 | 26,866 | ||||||||||||
Interest expense | (1,885) | (1,152) | (2,125) | (308) | ||||||||||||
Interest income | 8,374 | 628 | 3,938 | 571 | ||||||||||||
Other loss, net | (6,487) | (8,344) | (15,973) | (2,316) | ||||||||||||
Income before income taxes and share of loss in equity | 72,690 | 162,772 | 171,160 | 24,813 | ||||||||||||
Income tax expenses | (6,270) | (16,284) | (19,022) | (2,758) | ||||||||||||
Share of loss in equity method investments | (23,620) | (16,153) | (17,044) | (2,471) | ||||||||||||
Net income | 42,800 | 130,335 | 135,094 | 19,584 | ||||||||||||
Net income per ordinary share: | ||||||||||||||||
Basic | 0.27 | 0.81 | 0.84 | 0.12 | ||||||||||||
Diluted | 0.26 | 0.80 | 0.84 | 0.12 | ||||||||||||
Weighted average number of shares used in calculating | ||||||||||||||||
Basic | 161,373,633 | 161,005,931 | 160,826,793 | 160,826,793 | ||||||||||||
Diluted | 162,568,603 | 162,019,666 | 161,376,066 | 161,376,066 | ||||||||||||
Net income | 42,800 | 130,335 | 135,094 | 19,584 | ||||||||||||
Foreign currency translation adjustments | (999) | 2,353 | (7,080) | (1,026) | ||||||||||||
Total comprehensive income | 41,801 | 132,688 | 128,014 | 18,558 | ||||||||||||
ATRENEW INC. | ||||||||||||||||
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND | ||||||||||||||||
(Amounts in thousands) | ||||||||||||||||
Three months ended, | ||||||||||||||||
March 31, | December 31, | March 31, 2026 | ||||||||||||||
RMB | RMB | RMB | US$ | |||||||||||||
(1) Includes share-based compensation expenses as | ||||||||||||||||
Fulfillment expenses | (2,357) | (2,965) | (1,745) | (253) | ||||||||||||
Selling and marketing expenses | (4,437) | (1,424) | (642) | (93) | ||||||||||||
General and administrative expenses | (3,956) | (2,415) | (845) | (122) | ||||||||||||
Research and development expenses | (1,983) | (2,298) | (1,130) | (164) | ||||||||||||
(2) Includes amortization of intangible assets resulting | ||||||||||||||||
Selling and marketing expenses | (26,479) | (780) | (780) | (113) | ||||||||||||
Research and development expenses | — | — | — | — | ||||||||||||
Unaudited Reconciliations of GAAP and Non-GAAP Results | ||||||||||||||||
(Amounts in thousands, except share and per share and otherwise noted) | ||||||||||||||||
Three months ended, | ||||||||||||||||
March 31, | December 31, | March 31, 2026 | ||||||||||||||
RMB | RMB | RMB | US$ | |||||||||||||
Income from operations | 72,688 | 171,640 | 185,320 | 26,866 | ||||||||||||
Add: | ||||||||||||||||
Share-based compensation expenses | 12,733 | 9,102 | 4,362 | 632 | ||||||||||||
Amortization of intangible assets resulting from assets and | 26,479 | 780 | 780 | 113 | ||||||||||||
Adjusted income from operations (non-GAAP) | 111,900 | 181,522 | 190,462 | 27,611 | ||||||||||||
Net income | 42,800 | 130,335 | 135,094 | 19,584 | ||||||||||||
Add: | ||||||||||||||||
Share-based compensation expenses | 12,733 | 9,102 | 4,362 | 632 | ||||||||||||
Amortization of intangible assets resulting from assets and | 26,479 | 780 | 780 | 113 | ||||||||||||
Less: | ||||||||||||||||
Tax effects of amortization of intangible assets resulting | (3,972) | (116) | (117) | (17) | ||||||||||||
Adjusted net income (non-GAAP) | 78,040 | 140,101 | 140,119 | 20,312 | ||||||||||||
Adjusted net income per ordinary share (non-GAAP): | ||||||||||||||||
Basic | 0.48 | 0.87 | 0.87 | 0.13 | ||||||||||||
Diluted | 0.48 | 0.86 | 0.87 | 0.13 | ||||||||||||
Weighted average number of shares used in calculating | ||||||||||||||||
Basic | 161,373,633 | 161,005,931 | 160,826,793 | 160,826,793 | ||||||||||||
Diluted | 162,568,603 | 162,019,666 | 161,376,066 | 161,376,066 | ||||||||||||
View original content:https://www.prnewswire.com/news-releases/atrenew-inc-reports-unaudited-first-quarter-2026-financial-results-302775742.html
SOURCE ATRenew Inc.
Original: ATRenew Inc. Reports Unaudited First Quarter 2026 Financial Results
ATRenew to Report First Quarter 2026 Financial Results on May 19, 2026
May 6, 2026 4:00 AM
PR Newswire (US)
SHANGHAI, May 6, 2026 /PRNewswire/ -- ATRenew Inc. ("ATRenew" or the "Company") (NYSE: RERE), a pioneer in technology-driven recycling and trade-in solutions for consumer products in China, today announced that it plans to release its unaudited financial results for the first quarter of 2026 before the U.S. market opens on Tuesday, May 19, 2026.
The Company's management will hold an earnings conference call at 08:00 A.M. Eastern Time on Tuesday, May 19, 2026 (08:00 P.M. Beijing Time on the same day) to discuss the financial results. Listeners may access the call by dialing the following numbers:
International: | 1-412-317-6061 |
United States Toll Free: | 1-888-317-6003 |
Mainland China Toll Free: | 4001-206115 |
Hong Kong Toll Free: | 800-963976 |
Access Code: | 2239384 |
The replay will be accessible through May 26, 2026 by dialing the following numbers:
International: | 1-412-317-0088 |
United States Toll Free: | 1-855-669-9658 |
Replay Access Code: | 3889521 |
A live and archived webcast of the conference call will also be available at the Company's investor relations website at https://ir.atrenew.com.
About ATRenew Inc.
Headquartered in Shanghai, ATRenew Inc. is a pioneer in technology-driven recycling and trade-in solutions for consumer products in China. Since inception in 2011, ATRenew has been on a mission to give a second life to all idle goods, reducing the environmental impact of pre-owned consumer products by facilitating recycling, trade-ins and distribution that prolong their lifecycle. ATRenew's open platform integrates C2B, B2B, and B2C capabilities to empower its online and offline services. Powered by proprietary technologies and a scalable platform ecosystem, ATRenew enhances transaction efficiency and pricing transparency for consumers and merchants alike while advancing circular economy standards in China. ATRenew is a participant in the United Nations Global Compact, and adheres to its principles-based approach to responsible business.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to" and similar statements. Among other things, quotations in this announcement, contain forward-looking statements. ATRenew may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about ATRenew's beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: ATRenew's strategies; ATRenew's future business development, financial condition and results of operations; ATRenew's ability to maintain its relationship with major strategic investors; its ability to facilitate pre-owned consumer electronics transactions and provide relevant services; its ability to maintain and enhance the recognition and reputation of its brand; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in ATRenew's filings with the SEC. All information provided in this press release is as of the date of this press release, and ATRenew does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Investor Relations Contact
ATRenew Inc.
Investor Relations
Email: ir@atrenew.com
Christensen Advisory
Email: rere@christensencomms.com
View original content:https://www.prnewswire.com/news-releases/atrenew-to-report-first-quarter-2026-financial-results-on-may-19-2026-302763520.html
SOURCE ATRenew Inc.
Original: ATRenew to Report First Quarter 2026 Financial Results on May 19, 2026
ATRenew Inc. Files 2025 Annual Report on Form 20-F
April 8, 2026 6:25 AM
PR Newswire (US)
SHANGHAI, April 8, 2026 /PRNewswire/ -- ATRenew Inc. ("ATRenew" or the "Company") (NYSE: RERE), a pioneer in technology-driven recycling and trade-in solutions for consumer products in China, today announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the Securities and Exchange Commission (the "SEC") on April 8, 2026. The annual report on Form 20-F can be accessed on the SEC's website at http://www.sec.gov and on the Company's investor relations website at http://ir.atrenew.com.
The Company will provide a copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to Investor Relations, ATRenew Inc., 12/F, Tower 6, KIC Corporate Avenue, 433 Songhu Road, Yangpu District, Shanghai, People's Republic of China.
About ATRenew Inc.
Headquartered in Shanghai, ATRenew Inc. is a pioneer in technology-driven recycling and trade-in solutions for consumer products in China. Since inception in 2011, ATRenew has been on a mission to give a second life to all idle goods, reducing the environmental impact of pre-owned consumer products by facilitating recycling, trade-ins and distribution that prolong their lifecycle. ATRenew's open platform integrates C2B, B2B, and B2C capabilities to empower its online and offline services. Powered by proprietary technologies and a scalable platform ecosystem, ATRenew enhances transaction efficiency and pricing transparency for consumers and merchants alike while advancing circular economy standards in China. ATRenew is a participant in the United Nations Global Compact, and adheres to its principles-based approach to responsible business.
Investor Relations Contact
ATRenew Inc.
Investor Relations
Email: ir@atrenew.com
Christensen Advisory
Email: rere@christensencomms.com
View original content:https://www.prnewswire.com/news-releases/atrenew-inc-files-2025-annual-report-on-form-20-f-302736911.html
SOURCE ATRenew Inc.
Original: ATRenew Inc. Files 2025 Annual Report on Form 20-F
ATRenew Inc. Reports Unaudited Fourth Quarter and Full Year 2025 Financial Results and Announces Cash Dividend
March 11, 2026 4:30 AM
PR Newswire (US)
SHANGHAI, March 11, 2026 /PRNewswire/ -- ATRenew Inc. ("ATRenew" or the "Company") (NYSE: RERE), a pioneer in technology-driven recycling and trade-in solutions for consumer products in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2025.
Fourth Quarter 2025 Highlights
Full Year 2025 Highlights
Mr. Kerry Xuefeng Chen, Founder, Chairman, and Chief Executive Officer of ATRenew, commented, "The fourth quarter results for 2025 exceeded expectations, marking another breakthrough for ATRenew. Total revenues for the quarter surpassed the high end of our guidance, increasing by 29.0% year-on-year to RMB6,254.2 million. By leveraging our integrated fulfillment network, combining a robust offline store presence with professional door-to-door services, we provided users with seamless recycling and trade-in experiences during the seasonal replacement wave following the autumn product launches. Our abundant first-hand sourcing, coupled with our compliant, value-added refurbishment capabilities, is accelerating our retail performance, enabling us to provide consumers with value-for-money quality products. Looking ahead, we remain committed to deepening our presence in the circular economy by enhancing transaction efficiency of pre-owned goods and delivering greater value for users."
Mr. Rex Chen, Chief Financial Officer of ATRenew, added, "ATRenew finished 2025 on a high note, delivering a standout fourth quarter. Our profitability continued to improve, with fourth quarter adjusted income from operations rising 38.1% year-over-year to RMB181.5 million. The improvement reflected the economies of scale and enhanced operational efficiencies driven by robust technology and automation capabilities and supply chain optimization. With 2026 underway, our focus is on expanding our addressable market and fulfillment footprint to further unlock the growth potential of our core, pre-owned consumer electronics business. Through innovative platform models tailored to diverse recycling needs, we will continue to advance industry standards while maintaining a disciplined focus on improving operational efficiency."
[1] For all measures labeled as "non-GAAP" on this page and following pages, please see "Unaudited Reconciliations of GAAP and Non-GAAP Results" for more information. |
[2] "Number of consumer products transacted" represents the number of consumer products distributed to merchants and consumers through transactions on the Company's PJT Marketplace, Paipai Marketplace and other channels the Company operates in a given period, prior to returns and cancellations, excluding the number of consumer products collected through AHS Recycle; a single consumer product may be counted more than once according to the number of times it is transacted on PJT Marketplace, Paipai Marketplace and other channels the Company operates through the distribution process to end consumer. |
Fourth Quarter 2025 Financial Results
REVENUE
Total net revenues increased by 29.0% to RMB6,254.2 million (US$894.3 million) from RMB4,849.3 million in the same period of 2024.
OPERATING COSTS AND EXPENSES
Operating costs and expenses were RMB6,102.1 million (US$872.6 million), compared to RMB4,826.6 million in the same period of 2024, representing an increase of 26.4%.
INCOME FROM OPERATIONS
Income from operations was RMB171.6 million (US$24.5 million), representing an increase of 223.2% from RMB53.1 million in the same period of 2024.
Adjusted income from operations (non-GAAP) was RMB181.5 million (US$26.0 million), representing an increase of 38.1% from RMB131.4 million in the same period of 2024.
NET INCOME
Net income was RMB130.3 million (US$18.6 million), representing an increase of 68.3% from RMB77.4 million in the same period of 2024.
Adjusted net income (non-GAAP) was RMB140.1 million (US$20.0 million), representing an increase of 14.0% from RMB122.9 million in the same period of 2024.
BASIC AND DILUTED NET INCOME PER ORDINARY SHARE
Basic and diluted net income per ordinary share were RMB0.81 (US$0.12) and RMB0.80 (US$0.12), compared to RMB0.48 and RMB0.48 in the same period of 2024.
Adjusted basic and diluted net income per ordinary share (non-GAAP) were RMB0.87 (US$0.12) and RMB0.86 (US$0.12), compared to RMB0.77 and RMB0.76 in the same period of 2024.
Full Year 2025 Financial Results
REVENUE
Total net revenues increased by 28.9% to RMB21,048.3 million (US$3,009.9 million) from RMB16,328.4 million for the full year of 2024.
OPERATING COSTS AND EXPENSES
Operating costs and expenses were RMB20,634.3 million (US$2,950.7 million), compared to RMB16,352.9 million for the full year of 2024, representing an increase of 26.2%.
INCOME FROM OPERATIONS
Income from operations was RMB456.2 million (US$65.2 million), representing an increase of 1,473.1% from RMB29.0 million for the full year of 2024.
Adjusted income from operations (non-GAAP) was RMB555.0 million (US$79.4 million), representing an increase of 35.5% from RMB409.7 million for the full year of 2024.
NET INCOME(LOSS)
Net income was RMB336.3 million (US$48.1 million), compared to a net loss of RMB8.2 million for the full year of 2024.
Adjusted net income (non-GAAP) was RMB428.2 million (US$61.2 million), representing an increase of 36.3% from RMB314.1 million for the full year of 2024.
BASIC AND DILUTED NET INCOME(LOSS) PER ORDINARY SHARE
Basic and diluted net income per ordinary share were RMB2.08 (US$0.30) and RMB2.07 (US$0.30), compared to basic and diluted net loss per ordinary share of RMB0.05 and RMB0.05 for the full year of 2024.
Adjusted basic and diluted net income per ordinary share (non-GAAP) were RMB2.65 (US$0.38) and RMB2.64 (US$0.38), compared to RMB1.94 and RMB1.91 for the full year of 2024.
CASH AND CASH EQUIVALENTS, RESTRICTED CASH, SHORT-TERM INVESTMENTS AND FUNDS RECEIVABLE FROM THIRD PARTY PAYMENT SERVICE PROVIDERS
Cash and cash equivalents, restricted cash, short-term investments and funds receivable from third party payment service providers were RMB2,187.4 million (US$312.8 million) as of December 31, 2025, as compared to RMB2,919.6 million as of December 31, 2024.
Business Outlook
For the first quarter of 2026, the Company currently expects its total revenues to be between RMB5,860.0 million and RMB5,960.0 million, representing an increase of 25.9% to 28.1% year-over-year. This forecast only reflects the Company's current and preliminary views on the market and operational conditions, which are subject to change.
Recent Developments
On June 30, 2025, the board of directors of the Company (the "Board") has authorized a new share repurchase program, under which the Company may repurchase up to US$50 million of its shares (including ADSs) over a 12-month period starting from June 30, 2025. During the fourth quarter of 2025, ATRenew repurchased a total of approximately 1.3 million ADSs for approximately US$5.8 million. In full year 2025, ATRenew repurchased a total of approximately 3.8 million ADSs for approximately US$13.1 million.
On March 10, 2026, the Board has approved a cash dividend for the fiscal year 2025 (the "FY2025 Cash Dividend") to implement its three-year shareholder return plan adopted in August 2025. The FY2025 Cash Dividend will be paid to holders of ordinary shares and holders of ADSs of record as of the close of business on April 6, 2026, in U.S. dollars, in an amount of US$0.1 per ADS or US$0.15 per ordinary share. The total amount of cash to be distributed for the FY2025 Cash Dividend is expected to be approximately US$23.5 million. The payment date for holders of ordinary shares and holders of ADSs is expected to be on or around April 24, 2026.
In March 2026, the Company amended and restated the business cooperation agreement originally entered into with JD.com (NASDAQ: JD; HKEX: 9618 (HKD counter) and 89618 (RMB counter)) on June 1, 2024, relating to the parties' cooperation in the second-hand business. Pursuant to the amendment, the term of the cooperation will automatically extend for an additional three years following the expiration of the original agreement, with the new expiration date being December 31, 2030. No other substantive amendment to the agreement was made.
Conference Call Information
The Company's management will hold a conference call on Wednesday, March 11, 2026 at 08:00 A.M. Eastern Time (or 08:00 P.M. Beijing Time on the same day) to discuss the financial results. Listeners may access the call by dialing the following numbers:
International: | 1-412-317-6061 | |
United States Toll Free: | 1-888-317-6003 | |
Mainland China Toll Free: | 4001-206115 | |
Hong Kong Toll Free: | 800-963976 | |
Access Code: | 6798949 |
The replay will be accessible through March 18, 2026 by dialing the following numbers:
International: | 1-412-317-0088 | |
United States Toll Free: | 1-855-669-9658 | |
Access Code: | 8769458 |
A live and archived webcast of the conference call will also be available at the Company's investor relations website at ir.atrenew.com.
About ATRenew Inc.
Headquartered in Shanghai, ATRenew Inc. is a pioneer in technology-driven recycling and trade-in solutions for consumer products in China. Since inception in 2011, ATRenew has been on a mission to give a second life to all idle goods, reducing the environmental impact of pre-owned consumer products by facilitating recycling, trade-ins and distribution that prolong their lifecycle. ATRenew's open platform integrates C2B, B2B, and B2C capabilities to empower its online and offline services. Powered by proprietary technologies and a scalable platform ecosystem, ATRenew enhances transaction efficiency and pricing transparency for consumers and merchants alike while advancing circular economy standards in China. ATRenew is a participant in the United Nations Global Compact, and adheres to its principles-based approach to responsible business.
Exchange Rate Information
This announcement contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.9931 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of December 31, 2025.
Use of Non-GAAP Financial Measures
The Company also uses certain non-GAAP financial measures in evaluating its business. For example, the Company uses adjusted income from operations, adjusted net income and adjusted net income per ordinary share as supplemental measures to review and assess its financial and operating performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation, or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. Adjusted income from operations is income from operations excluding the share-based compensation expenses and amortization of intangible assets resulting from assets and business acquisitions. Adjusted net income is net income (loss) excluding the share-based compensation expenses and amortization of intangible assets resulting from assets and business acquisitions and tax effects of amortization of intangible assets resulting from assets and business acquisitions. Adjusted net income per ordinary share is adjusted net income attributable to ordinary shareholders divided by weighted average number of shares used in calculating net income (loss) per ordinary share.
The Company presents non-GAAP financial measures because they are used by the Company's management to evaluate the Company's financial and operating performance and formulate business plans. The Company believes that adjusted income from operations and adjusted net income help identify underlying trends in the Company's business that could otherwise be distorted by the effect of certain expenses that are included in income from operations and net income (loss). The Company also believes that the use of non-GAAP financial measures facilitates investors' assessment of the Company's operating performance. The Company believes that adjusted income from operations and adjusted net income provide useful information about the Company's operating results, enhance the overall understanding of the Company's past performance and future prospects and allow for greater visibility with respect to key metrics used by the Company's management in its financial and operational decision making.
The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using non-GAAP financial measures is that they do not reflect all items of income and expense that affect the Company's operations. The share-based compensation expenses, amortization of intangible assets resulting from assets and business acquisitions and tax effects of amortization of intangible assets resulting from assets and business acquisitions have been and may continue to be incurred in the Company's business and is not reflected in the presentation of non-GAAP financial measures. Further, the non-GAAP measures may differ from the non-GAAP measures used by other companies, including peer companies, potentially limiting the comparability of their financial results to the Company's. In light of the foregoing limitations, the non-GAAP financial measures for the period should not be considered in isolation from or as an alternative to income from operations, net income, and net income attributable to ordinary shareholders per share, or other financial measures prepared in accordance with U.S. GAAP.
The Company compensates for these limitations by reconciling the non-GAAP financial measures to the nearest U.S. GAAP performance measures, which should be considered when evaluating the Company's performance. For reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures, please see the section of the accompanying tables titled, "Reconciliations of GAAP and Non-GAAP Results."
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to" and similar statements. Among other things, quotations in this announcement, contain forward-looking statements. ATRenew may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about ATRenew's beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: ATRenew's strategies; ATRenew's future business development, financial condition and results of operations; ATRenew's ability to maintain its relationship with major strategic investors; its ability to facilitate pre-owned consumer electronics transactions and provide relevant services; its ability to maintain and enhance the recognition and reputation of its brand; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in ATRenew's filings with the SEC. All information provided in this press release is as of the date of this press release, and ATRenew does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Investor Relations Contact
ATRenew Inc.
Investor Relations
Email: ir@atrenew.com
Christensen Advisory
Email: rere@christensencomms.com
ATRENEW INC. | ||||||||||||
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||||||||
(Amounts in thousands) | ||||||||||||
As of December 31, | As of December 31, | |||||||||||
2024 | 2025 | |||||||||||
RMB | RMB | US$ | ||||||||||
ASSETS | ||||||||||||
Current assets: | ||||||||||||
Cash and cash equivalents | 1,970,183 | 1,537,461 | 219,854 | |||||||||
Restricted cash | 132,000 | 500 | 71 | |||||||||
Short-term investments | 583,764 | 267,641 | 38,272 | |||||||||
Amount due from related parties, net | 117,161 | 414,779 | 59,313 | |||||||||
Inventories | 535,070 | 1,074,080 | 153,591 | |||||||||
Funds receivable from third party payment service | 233,133 | 381,284 | 54,523 | |||||||||
Prepayments and other receivables, net | 598,045 | 1,065,558 | 152,374 | |||||||||
Total current assets | 4,169,356 | 4,741,303 | 677,998 | |||||||||
Non-current assets: | ||||||||||||
Long-term investments | 556,136 | 485,401 | 69,411 | |||||||||
Property and equipment, net | 156,532 | 239,378 | 34,231 | |||||||||
Intangible assets, net | 56,603 | 10,653 | 1,523 | |||||||||
Other non-current assets | 152,094 | 489,209 | 69,956 | |||||||||
Total non-current assets | 921,365 | 1,224,641 | 175,121 | |||||||||
TOTAL ASSETS | 5,090,721 | 5,965,944 | 853,119 | |||||||||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||||||
Current liabilities: | ||||||||||||
Short-term borrowings | 225,000 | 322,855 | 46,168 | |||||||||
Accounts payable | 171,356 | 335,622 | 47,993 | |||||||||
Contract liabilities | 98,834 | 231,771 | 33,143 | |||||||||
Accrued expenses and other current liabilities | 522,378 | 644,782 | 92,203 | |||||||||
Accrued payroll and welfare | 179,693 | 189,904 | 27,156 | |||||||||
Amount due to related parties | 109,730 | 178,224 | 25,486 | |||||||||
Total current liabilities | 1,306,991 | 1,903,158 | 272,149 | |||||||||
Non-current liabilities: | ||||||||||||
Operating lease liabilities, non-current | 79,934 | 70,031 | 10,014 | |||||||||
Deferred tax liabilities | 9,244 | 2,352 | 336 | |||||||||
Total non-current liabilities | 89,178 | 72,383 | 10,350 | |||||||||
TOTAL LIABILITIES | 1,396,169 | 1,975,541 | 282,499 | |||||||||
TOTAL SHAREHOLDERS' EQUITY | 3,694,552 | 3,990,403 | 570,620 | |||||||||
TOTAL LIABILITIES AND SHAREHOLDERS' | 5,090,721 | 5,965,944 | 853,119 | |||||||||
ATRENEW INC. | ||||||||||||||||||||||||
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND | ||||||||||||||||||||||||
(Amounts in thousands, except share and per share and otherwise noted) | ||||||||||||||||||||||||
Three months ended December 31, | Years ended December 31, | |||||||||||||||||||||||
2024 | 2025 | 2024 | 2025 | |||||||||||||||||||||
RMB | RMB | US$ | RMB | RMB | US$ | |||||||||||||||||||
Net revenues | ||||||||||||||||||||||||
Net product revenues | 4,460,603 | 5,831,223 | 833,854 | 14,844,416 | 19,379,932 | 2,771,293 | ||||||||||||||||||
Net service revenues | 388,720 | 422,968 | 60,484 | 1,483,984 | 1,668,324 | 238,567 | ||||||||||||||||||
Operating (expenses) income(1)(2) | ||||||||||||||||||||||||
Merchandise costs | (3,905,118) | (5,032,320) | (719,612) | (13,086,418) | (16,699,982) | (2,388,066) | ||||||||||||||||||
Fulfillment expenses | (396,948) | (483,139) | (69,088) | (1,382,273) | (1,761,718) | (251,922) | ||||||||||||||||||
Selling and marketing expenses | (376,421) | (464,083) | (66,363) | (1,367,028) | (1,653,702) | (236,476) | ||||||||||||||||||
General and administrative expenses | (91,111) | (59,966) | (8,575) | (306,782) | (275,008) | (39,326) | ||||||||||||||||||
Research and development expenses | (56,973) | (62,618) | (8,954) | (210,364) | (243,912) | (34,879) | ||||||||||||||||||
Other operating income, net | 30,352 | 19,575 | 2,799 | 53,434 | 42,241 | 6,040 | ||||||||||||||||||
Income from operations | 53,104 | 171,640 | 24,545 | 28,969 | 456,175 | 65,231 | ||||||||||||||||||
Interest expense | (2,684) | (1,152) | (165) | (15,016) | (6,038) | (863) | ||||||||||||||||||
Interest income | 6,250 | 628 | 90 | 26,861 | 20,503 | 2,932 | ||||||||||||||||||
Other income (loss), net | 49 | (8,344) | (1,193) | (41,256) | (10,342) | (1,479) | ||||||||||||||||||
Income (loss) before income taxes and | 56,719 | 162,772 | 23,277 | (442) | 460,298 | 65,821 | ||||||||||||||||||
Income tax benefits (expenses) | 32,341 | (16,284) | (2,329) | 56,877 | (56,749) | (8,115) | ||||||||||||||||||
Share of loss in equity method investments | (11,636) | (16,153) | (2,310) | (64,664) | (67,261) | (9,618) | ||||||||||||||||||
Net income (loss) | 77,424 | 130,335 | 18,638 | (8,229) | 336,288 | 48,088 | ||||||||||||||||||
Net income (loss) per ordinary share: | ||||||||||||||||||||||||
Basic | 0.48 | 0.81 | 0.12 | (0.05) | 2.08 | 0.30 | ||||||||||||||||||
Diluted | 0.48 | 0.80 | 0.12 | (0.05) | 2.07 | 0.30 | ||||||||||||||||||
Weighted average number of shares used | ||||||||||||||||||||||||
Basic | 160,450,396 | 161,005,931 | 161,005,931 | 161,618,799 | 161,315,074 | 161,315,074 | ||||||||||||||||||
Diluted | 162,384,444 | 162,019,666 | 162,019,666 | 161,618,799 | 162,191,874 | 162,191,874 | ||||||||||||||||||
Net income (loss) | 77,424 | 130,335 | 18,638 | (8,229) | 336,288 | 48,088 | ||||||||||||||||||
Foreign currency translation adjustments | 14,539 | 2,353 | 336 | 7,356 | (3,496) | (500) | ||||||||||||||||||
Total comprehensive income (loss) | 91,963 | 132,688 | 18,974 | (873) | 332,792 | 47,588 | ||||||||||||||||||
ATRENEW INC. | ||||||||||||||||||||||||
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND | ||||||||||||||||||||||||
(Amounts in thousands) | ||||||||||||||||||||||||
Three months ended December 31, | Years ended December 31, | |||||||||||||||||||||||
2024 | 2025 | 2024 | 2025 | |||||||||||||||||||||
RMB | RMB | US$ | RMB | RMB | US$ | |||||||||||||||||||
(1) Includes share-based compensation | ||||||||||||||||||||||||
Fulfillment expenses | (4,657) | (2,965) | (424) | (20,649) | (14,222) | (2,034) | ||||||||||||||||||
Selling and marketing expenses | (12,066) | (1,424) | (204) | (68,858) | (9,676) | (1,384) | ||||||||||||||||||
General and administrative expenses | (13,706) | (2,415) | (345) | (59,630) | (17,738) | (2,537) | ||||||||||||||||||
Research and development expenses | (3,993) | (2,298) | (329) | (17,604) | (11,241) | (1,607) | ||||||||||||||||||
(2) Includes amortization of intangible | ||||||||||||||||||||||||
Selling and marketing expenses | (43,850) | (780) | (112) | (213,004) | (45,952) | (6,571) | ||||||||||||||||||
Research and development expenses | (43) | — | — | (1,024) | — | — | ||||||||||||||||||
Unaudited Reconciliations of GAAP and Non-GAAP Results | ||||||||||||||||||||||||
(Amounts in thousands, except share and per share and otherwise noted) | ||||||||||||||||||||||||
Three months ended December 31, | Years ended December 31, | |||||||||||||||||||||||
2024 | 2025 | 2024 | 2025 | |||||||||||||||||||||
RMB | RMB | US$ | RMB | RMB | US$ | |||||||||||||||||||
Income from operations | 53,104 | 171,640 | 24,545 | 28,969 | 456,175 | 65,231 | ||||||||||||||||||
Add: | ||||||||||||||||||||||||
Share-based compensation expenses | 34,422 | 9,102 | 1,302 | 166,741 | 52,877 | 7,562 | ||||||||||||||||||
Amortization of intangible assets resulting from | 43,893 | 780 | 112 | 214,028 | 45,952 | 6,571 | ||||||||||||||||||
Adjusted income from operations (non-GAAP) | 131,419 | 181,522 | 25,959 | 409,738 | 555,004 | 79,364 | ||||||||||||||||||
Net income (loss) | 77,424 | 130,335 | 18,638 | (8,229) | 336,288 | 48,088 | ||||||||||||||||||
Add: | ||||||||||||||||||||||||
Share-based compensation expenses | 34,422 | 9,102 | 1,302 | 166,741 | 52,877 | 7,562 | ||||||||||||||||||
Amortization of intangible assets resulting from | 43,893 | 780 | 112 | 214,028 | 45,952 | 6,571 | ||||||||||||||||||
Less: | ||||||||||||||||||||||||
Tax effects of amortization of intangible assets | (32,855) | (116) | (17) | (58,414) | (6,892) | (986) | ||||||||||||||||||
Adjusted net income (non-GAAP) | 122,884 | 140,101 | 20,035 | 314,126 | 428,225 | 61,235 | ||||||||||||||||||
Adjusted net income per ordinary share (non- | ||||||||||||||||||||||||
Basic | 0.77 | 0.87 | 0.12 | 1.94 | 2.65 | 0.38 | ||||||||||||||||||
Diluted | 0.76 | 0.86 | 0.12 | 1.91 | 2.64 | 0.38 | ||||||||||||||||||
Weighted average number of shares used in | ||||||||||||||||||||||||
Basic | 160,450,396 | 161,005,931 | 161,005,931 | 161,618,799 | 161,315,074 | 161,315,074 | ||||||||||||||||||
Diluted | 162,384,444 | 162,019,666 | 162,019,666 | 164,374,271 | 162,191,874 | 162,191,874 | ||||||||||||||||||
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SOURCE ATRenew Inc.
ATRenew Inc. Announces Appointment of New Director
March 6, 2026 3:00 AM
PR Newswire (US)
SHANGHAI, March 6, 2026 /PRNewswire/ -- ATRenew Inc. ("ATRenew" or the "Company") (NYSE: RERE), a pioneer in technology-driven recycling and trade-in solutions for consumer products in China, today announced that Mr. Yue Teng has been appointed as a new member of the Company's board of directors (the "Board") and the compensation committee of the Board, and Ms. Rui Zhu has been appointed as a new member of the nominating and corporate governance committee of the Board, effective immediately, to fill the vacancies arising from the resignation of Mr. Mervin Ye Zhou. Upon the appointment of Mr. Yue Teng, the Board consists of eight members: Mr. Kerry Xuefeng Chen, Mr. Yongliang Wang, Mr. Chen Chen, Mr. Yue Teng, Ms. Shuangxi Wu, Mr. Jingbo Wang, Mr. Guoxing Jiang and Ms. Rui Zhu.
Mr. Yue Teng is a director of Strategic Investment Department of JD.com (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter)), responsible for overseeing investments in the logistics and industrial property sectors for JD.com and its subsidiaries. Prior to joining JD.com in August 2021, Mr. Teng was an associate in the Real Estate Investment team at Hony Capital and a portfolio manager at Goldstream Investment from May 2018 to August 2021, and a vice president at Amundi Smith Breeden from September 2013 to April 2018. Mr. Teng received his bachelor's degree in management science in operations research from Fudan University, and his master's degree in engineering management with a focus on financial engineering from Duke University.
Mr. Kerry Xuefeng Chen, the Company's Founder, Chairman, and Chief Executive Officer, on behalf of the Board and the management of the Company, said, "We are delighted to welcome Mr. Yue Teng to the Board. We believe Mr. Teng will bring deep strategic insights that will further strengthen our ongoing collaboration with JD.com. His extensive experience across key sectors—combined with his background in business and finance will provide valuable perspectives as we continue to enhance our leadership in technology-driven sustainable consumption offerings. We look forward to his contribution to boosting corporate performance and long-term value creation."
About ATRenew Inc.
Headquartered in Shanghai, ATRenew Inc. is a pioneer in technology-driven recycling and trade-in solutions for consumer products in China. Since inception in 2011, ATRenew has been on a mission to give a second life to all idle goods, reducing the environmental impact of pre-owned consumer products by facilitating recycling, trade-ins and distribution that prolong their lifecycle. ATRenew's open platform integrates C2B, B2B, and B2C capabilities to empower its online and offline services. Powered by proprietary technologies and a scalable platform ecosystem, ATRenew enhances transaction efficiency and pricing transparency for consumers and merchants alike while advancing circular economy standards in China. ATRenew is a participant in the United Nations Global Compact, and adheres to its principles-based approach to responsible business.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to" and similar statements. Among other things, quotations in this announcement, contain forward-looking statements. ATRenew may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about ATRenew's beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: ATRenew's strategies; ATRenew's future business development, financial condition and results of operations; ATRenew's ability to maintain its relationship with major strategic investors; its ability to facilitate pre-owned consumer electronics transactions and provide relevant services; its ability to maintain and enhance the recognition and reputation of its brand; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in ATRenew's filings with the SEC. All information provided in this press release is as of the date of this press release, and ATRenew does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Investor Relations Contact
ATRenew Inc.
Investor Relations
Email: ir@atrenew.com
Christensen Advisory
Email: rere@christensencomms.com
View original content:https://www.prnewswire.com/news-releases/atrenew-inc-announces-appointment-of-new-director-302706519.html
SOURCE ATRenew Inc.
Original: ATRenew Inc. Announces Appointment of New Director
ATRenew to Report Fourth Quarter and Full Year 2025 Financial Results on March 11, 2026
February 25, 2026 3:00 AM
PR Newswire (US)
SHANGHAI, Feb. 25, 2026 /PRNewswire/ -- ATRenew Inc. ("ATRenew" or the "Company") (NYSE: RERE), a pioneer in the technology-driven trade-in solutions and circular economy for consumer products in China, today announced that it plans to release its unaudited financial results for the fourth quarter and full year of 2025 before the U.S. market opens on Wednesday, March 11, 2026.
The Company's management will hold an earnings conference call at 08:00 A.M. Eastern Time on Wednesday, March 11, 2026 (08:00 P.M. Beijing Time on the same day) to discuss the financial results. Listeners may access the call by dialing the following numbers:
International: | 1-412-317-6061 |
United States Toll Free: | 1-888-317-6003 |
Mainland China Toll Free: | 4001-206115 |
Hong Kong Toll Free: | 800-963976 |
Access Code: | 6798949 |
The replay will be accessible through March 18, 2026 by dialing the following numbers:
International: | 1-412-317-0088 |
United States Toll Free: | 1-855-669-9658 |
Replay Access Code: | 8769458 |
A live and archived webcast of the conference call will also be available at the Company's investor relations website at https://ir.atrenew.com.
About ATRenew Inc.
Headquartered in Shanghai, ATRenew Inc. is a pioneer in the technology-driven trade-in solutions and circular economy for consumer products in China. Since inception in 2011, ATRenew has been on a mission to give a second life to all idle goods, reducing the environmental impact of pre-owned consumer products by facilitating recycling, trade-ins and distribution that prolong their lifecycle. ATRenew's open platform integrates C2B, B2B, and B2C capabilities to empower its online and offline services. Powered by proprietary technologies and a scalable platform ecosystem, ATRenew enhances transaction efficiency and pricing transparency for consumers and merchants alike while advancing circular economy standards in China. ATRenew is a participant in the United Nations Global Compact, and adheres to its principles-based approach to responsible business.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to" and similar statements. Among other things, quotations in this announcement, contain forward-looking statements. ATRenew may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about ATRenew's beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: ATRenew's strategies; ATRenew's future business development, financial condition and results of operations; ATRenew's ability to maintain its relationship with major strategic investors; its ability to facilitate pre-owned consumer electronics transactions and provide relevant services; its ability to maintain and enhance the recognition and reputation of its brand; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in ATRenew's filings with the SEC. All information provided in this press release is as of the date of this press release, and ATRenew does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Investor Relations Contact
ATRenew Inc.
Investor Relations
Email: ir@atrenew.com
Christensen Advisory
Email: rere@christensencomms.com
View original content:https://www.prnewswire.com/news-releases/atrenew-to-report-fourth-quarter-and-full-year-2025-financial-results-on-march-11-2026-302696490.html
SOURCE ATRenew Inc.
Original: ATRenew to Report Fourth Quarter and Full Year 2025 Financial Results on March 11, 2026
ATRenew Discusses Strategies for Scaling Global Circularity at Circular Markets London
February 9, 2026 3:00 AM
PR Newswire (US)
SHANGHAI, Feb. 9, 2026 /PRNewswire/ -- ATRenew Inc. ("ATRenew" or the "Company") (NYSE: RERE), a leading technology-driven pre-owned consumer electronics transactions and services platform in China, today announced it engaged as the only voice from China in high-level dialogue on the infrastructure requirements for scaling the global circular economy at Circular Markets London on February 4, 2026. Organized by CCS Insight, a global analyst company providing valuable insights and analysis to navigate the complex technology landscape, the event brought together telecom and circular economy industry leaders for focused discussions on global circularity practices and outlook.
Mr. Jeremy Ji, ATRenew's Head of Corporate Strategy and International Business, participated in the "The Economics of Refurbishment" panel discussion alongside executives from Swappie, Cashify and WeSellCellular. The discussion centred on regional market dynamics, the recycling value chain, compliant value-added supply chains, and cross-border policies and opportunities.
During the discussion, Mr. Ji highlighted the structural differences between China's pre-owned electronics market and its Western counterparts. While North America and Europe rely on carrier-dominated models with consolidated collection channels, Mr. Ji explained that China's ecosystem remains an open market, where supply flows through dispersed networks with ATRenew as a leading aggregator on the recycling end.
Addressing these unique market conditions, Mr. Ji detailed how ATRenew has built the automated operational infrastructure necessary to standardize non-standard assets into a consistent, high-quality, and compliant global supply chain at scale. As China's consumption market evolves and trade-in programs become an increasingly important source of supply, the Company aims to bridge domestic supply with global circular value chains—connecting one of the world's largest device markets to growing international demand for quality pre-owned products.
"Participating in Circular Markets London provided a valuable platform to exchange views with peers across the global ecosystem," said Mr. Ji. "As China's leading platform for pre-owned consumer electronics transactions and services, we view the country's open market structure and growing trade-in participation as essentials to become a new pole in the global circular market. The challenge for Chinese companies is to set higher standards for China-version specs by aligning advantages in local sourcing with international standards and quality expectations. We look forward to exploring business opportunities in the international market as we build up more operational capabilities to bridge the gaps."
About ATRenew Inc.
Headquartered in Shanghai, ATRenew Inc. operates a leading technology-driven pre-owned consumer electronics transactions and services platform in China under the brand ATRenew. Since its inception in 2011, ATRenew has been on a mission to give a second life to all idle goods, addressing the environmental impact of pre-owned consumer electronics by facilitating recycling and trade-in services, and distributing the devices to prolong their lifecycle. ATRenew's open platform integrates C2B, B2B, and B2C capabilities to empower its online and offline services. Through its end-to-end coverage of the entire value chain and its proprietary inspection, grading, and pricing technologies, ATRenew sets the standard for China's pre-owned consumer electronics industry. ATRenew is a participant in the United Nations Global Compact, and adheres to its principles-based approach to responsible business.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to" and similar statements. Among other things, quotations in this announcement, contain forward-looking statements. ATRenew may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about ATRenew's beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: ATRenew's strategies; ATRenew's future business development, financial condition and results of operations; ATRenew's ability to maintain its relationship with major strategic investors; its ability to facilitate pre-owned consumer electronics transactions and provide relevant services; its ability to maintain and enhance the recognition and reputation of its brand; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in ATRenew's filings with the SEC. All information provided in this press release is as of the date of this press release, and ATRenew does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Investor Relations Contact
ATRenew Inc.
Investor Relations
Email: ir@atrenew.com
Christensen Advisory
Email: rere@christensencomms.com
View original content:https://www.prnewswire.com/news-releases/atrenew-discusses-strategies-for-scaling-global-circularity-at-circular-markets-london-302682318.html
SOURCE ATRenew Inc.
Original: ATRenew Discusses Strategies for Scaling Global Circularity at Circular Markets London
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RERE under $3
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U.S. stocks closed mostly lower on Friday, June 26, as a report that OpenAI may push its IPO to 2027 added fresh fuel to an already smoldering tech selloff. The news raised uncomfortable questions about the durability of AI spending — the theme that has driven much of the market’s gains over the past two […]
