ATRenew Inc. Sponsored ADR (RERE)
NYSE:RERE
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Earnings Data
Report Date
Aug 26, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.13Last Year’s EPS
0.06Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted strong top-line growth (revenues up ~32% YoY), marked expansion of higher-margin refurbished and direct-to-consumer channels, significant marketplace and GMV gains, improved gross margins and operating profit margin expansion, alongside disciplined near-term guidance. Offsetting items include rising operating expenses, an inventory build tied to strategic mix shift, modest macro softness in new device shipments, and some concentration risk in a major sourcing channel. On balance, the positive operational momentum, margin improvement, and robust growth in strategic areas (refurbishment, marketplace, multi-category GMV) outweigh the near-term cost and inventory headwinds.Company Guidance
Strong Revenue Growth
Total net revenues grew 32.4% year-over-year to roughly RMB 6.2–6.6 billion in Q1 2026 (transcript shows RMB 6.16B per CFO and RMB 6.6B per CEO), reflecting accelerated overall growth driven by product sales and trading.
Product and Service Revenue Expansion
Net product revenues increased 34.4% YoY to RMB 5.73 billion; net service revenues rose 10.4% YoY to ~RMB 430 million. 1P retail mix increased, supporting higher-margin sales.
Material Improvement in Profitability and Margins
Non-GAAP operating income rose to about RMB 190 million in Q1 2026 (transcript indicates a substantial YoY increase), and non-GAAP operating profit margin expanded by 69 basis points to 3.1% (from 2.4% YoY). 1P gross margin improved to 15.9% from 15.2% a year ago.
Compliant Refurbishment and Retail Acceleration
Compliant refurbished product revenue increased 76.1% YoY; on-demand refurbishment revenues grew ~180% YoY. B2C retail revenue from refurbished devices grew nearly 150% YoY. March monthly retail sales of compliant refurbished products exceeded RMB 200 million.
Direct-to-Consumer Mix Shift
1P B2C accounted for 45.1% of product revenue in Q1 2026, up 12.1 percentage points YoY and ~3.4 percentage points QoQ, reflecting successful shift toward higher-margin direct retail.
PJT Marketplace Scale and Merchant Growth
Registered merchants on PJT Marketplace nearly doubled YoY to almost 2 million; registered contracted buyers surged over 120%, validating marketplace penetration and B2B infrastructure growth.
Multi-category & Vertical Growth
Overall restructuring GMV was up 81.5% YoY; gold recycling GMV rose 83.3% YoY; secondhand luxury GMV grew 58.8% YoY. Multi-category recycling revenue contributed over RMB 83 million and represented 19.3% of service revenues.
Fulfillment and Store Network Expansion
Face-to-face fulfillment ratio rose to ~80% as company scaled its offline footprint (network referenced of ~2,156 stores) and grew its door-to-door service team to 2,248 professionals. 841 of ~965 self-operated AHS stores enabled multi-category services; company reaffirmed long-term target of 5,000 stores in China.
Healthy Cash Position & Share Repurchase
Cash, equivalents, short-term investments and related receivables totaled RMB 1.72 billion as of March 31, 2026. Q1 repurchases were ~0.5M ADS for ~$2.7M; ~$11M repurchased under an authorized $50M program and board extended the repurchase program for another 12 months.
Positive Q2 Revenue Outlook
Management expects Q2 2026 revenue between RMB 6,240 million and RMB 6,340 million (implying ~25%–27% YoY growth), signaling continued confidence in near-term growth trajectory.
RERE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RERE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 19, 2026 | $4.50 | $5.02 | +11.56% |
Mar 11, 2026 | $6.07 | $5.45 | -10.15% |
Nov 20, 2025 | $3.94 | $3.98 | +0.99% |
Aug 20, 2025 | $4.54 | $4.46 | -1.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does ATRenew Inc. Sponsored ADR (RERE) report earnings?
ATRenew Inc. Sponsored ADR (RERE) is schdueled to report earning on Aug 26, 2026, Before Open (Confirmed).
What is ATRenew Inc. Sponsored ADR (RERE) earnings time?
ATRenew Inc. Sponsored ADR (RERE) earnings time is at Aug 26, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RERE EPS forecast?
RERE EPS forecast for the fiscal quarter 2026 (Q2) is 0.13.