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ATRenew Inc
NYSE:RERE

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ATRenew Inc
NYSE:RERE
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Price: 4.9 USD -3.16% Market Closed
Market Cap: $1.1B

ATRenew Inc
Investor Relations

ATRenew Inc. is a consumer-oriented single service provider focused on sourcing electronic devices. The company is headquartered in Shanghai, Shanghai. The company went IPO on 2021-06-18. The firm focuses on the recycling business of electronic digital products such as mobile phones and notebooks. The firm's main business includes selling products and providing services. Selling products is to purchase second-hand mobile phones and other consumer electronic products from consumers, small businesses, consumer electronics brands, e-commerce platforms and retailers through online and offline channels, and then conduct inspection, grading and pricing techniques to process second-hand consumer electronics Products and sell. Providing services is to provide online marketplaces to merchants and customers, and to charge commissions for transactions.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Mar 11, 2026
AI Summary
Q4 2025

Revenue: Total net revenues were RMB 6.25 billion in Q4, up 29% YoY and above the high end of company guidance.

Profit: Non-GAAP operating profit was RMB 180 million in Q4, up 38.1% YoY; full-year non-GAAP operating profit was RMB 560 million, up 35.5% YoY.

Retail shift: 1P2C retail revenue reached 41.7% of product revenue (up 12.7 percentage points YoY), supporting higher 1P gross margins.

Offline & fulfillment: Offline footprint expanded to 2,195 AHS stores and a 2-door service team of 2,154; face-to-face fulfillment exceeded 70%.

Marketplace & new verticals: Marketplace take rate was 4.79% in Q4; multi-category recycling showed strong growth (recycling GMV +125.7% YoY in Q4).

Capital returns: Repurchased ~1.3 million ADS for ~USD 5.8 million and declared a USD 0.1 per ADS cash dividend (total ~USD 23.5 million).

Outlook: Q1 2026 revenue guidance RMB 5,860 million–RMB 5,960 million (+25.9% to +28.1% YoY); 2026 strategy focuses on retail-first, brand penetration, and international expansion.

Key Financials
Total net revenues (Q4 2025)
RMB 6.25 billion
Total net revenues (Full year 2025)
RMB 21.05 billion
Non-GAAP operating profit (Q4 2025)
RMB 180 million
Non-GAAP operating profit (Full year 2025)
RMB 560 million
Net product revenue (Q4 2025)
RMB 5.83 billion
Net product revenue (Full year 2025)
RMB 19.38 billion
Net service revenues (Q4 2025)
RMB 420 million
Net service revenues (Full year 2025)
RMB 1.67 billion
Marketplace take rate (Q4 2025)
4.79%
1P gross margin (Q4 2025)
13.7%
1P gross margin (Full year 2025)
13.8%
Merchandise costs (Q4 2025)
RMB 5.03 billion
Fulfillment expenses (Q4 2025)
RMB 480 million
Fulfillment expenses as % of revenue (Q4 2025)
7.7%
Selling & marketing expenses (Q4 2025)
RMB 460 million
Selling & marketing as % of revenue (Q4 2025)
7.4%
R&D expenses (Q4 2025)
RMB 62.6 million
Registered users on PJT Marketplace (end of 2025)
1.66 million
Recycling GMV growth (Q4 2025)
up 125.7% YoY
Consignment GMV growth (Q4 2025)
up 253% YoY
Peak monthly export revenue (2025)
RMB 50 million
Share repurchases (Q4 2025)
approximately 1.3 million ADS for approximately USD 5.8 million
Cash dividend (fiscal year 2025)
USD 0.1 per ADS (total ~USD 23.5 million)
Q1 2026 revenue guidance
RMB 5,860 million to RMB 5,960 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Xuefeng Chen
Co-Founder, Chairman of the Board of Directors & CEO
No Bio Available
Mr. Yongliang Wang
President & Director
No Bio Available
Mr. Chen Chen
CFO, Compliance Officer & Director
No Bio Available
Mr. Jeremy Ji
Director of Corporate Development & Investor Relations
No Bio Available

Contacts

Address
SHANGHAI
Shanghai
12th Floor, No.6 Building, 433 Songhu Road
Contacts
+862152907031.0
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