ATRenew Inc. Sponsored ADR (RERE)
NYSE:RERE
Earnings Data
Report Date
May 26, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.1Last Year’s EPS
0.04Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated robust revenue and profit growth, strong execution of the 1P retail strategy, significant gains in refurbishment and multi-category recycling, and concrete operational scale-ups (stores, to-door teams, marketplace users). Management provided near-term guidance and returned capital through buybacks and dividends. Key headwinds include rising selling & marketing spending, higher merchandise and fulfillment costs driven by volume, component price volatility that benefits Apple and alters competitive dynamics, and the need to transition the POP model to consignment. On balance, the positive operational and financial momentum, clear strategic roadmap and constructive guidance outweigh the noted challenges.Company Guidance
Strong Top-Line and Profit Growth
Q4 net revenues of RMB 6.25 billion, up 29% year-over-year; full-year 2025 net revenues of RMB 21.05 billion, up 28.9% year-over-year. Q4 non-GAAP operating profit ~RMB 180 million, up 38.1% year-over-year; full-year non-GAAP operating profit ~RMB 555 million, up 35.5% year-over-year. Non-GAAP operating margin improved to 2.9% in Q4 (2.6% for full year).
Execution of 1P Strategy Driving Product Revenue and Margins
Net product revenue in Q4 was RMB 5.83 billion, up 30.7% year-over-year (full year net product revenue RMB 19.38 billion, +30.6%). 1P-to-consumer retail revenue grew 88% year-over-year and reached a record 41.7% of product revenues (up 12.7 percentage points YoY). 1P gross margin improved to 13.7% in Q4 from 12.5% a year ago (full-year 1P gross margin 13.8% vs 11.8%).
Refurbishment and Hybrid Inventory Upside
Combined refurbishment product revenue surged 90.8% year-over-year in Q4. On-demand refurbishment accounted for 32% of phone refurbishment revenue, supporting retail virtual inventory expansion and higher-margin retail sales.
Multi-Category and Marketplace Momentum
Overall recycling GMV rose 125.7% year-over-year in Q4; gold recycling GMV +136.3% YoY. Multi-category recycling contributed nearly RMB 80 million of Q4 revenue (18.8% of service revenues). Full-year multi-category revenue RMB 250 million, up 93.4% YoY (14.9% of service revenues vs 8.6% in 2024). Paipai consignment GMV +253% YoY and now accounts for 24% of Paipai GMV. PJT Marketplace registered users exceeded 1.66 million.
Offline Fulfillment Scale and Operational Improvements
Expanded offline footprint to 2,195 AHS stores and a 2,154-member to-door service team; net addition of 451 AHS standard stores in 2025. Face-to-face fulfillment ratio exceeded 70%. Fulfillment timeliness and customer compliance metrics improved.
Capital Returns and Confident Near-Term Guidance
Repurchased ~1.3 million ADSs for approximately USD 5.8 million and announced a USD 0.1 per ADS cash dividend (~USD 23.5 million). Q1 2026 revenue guidance of RMB 5,860–5,960 million (+25.9% to +28.1% YoY). Management expects 2026 growth to outpace broad industry double-digit growth and reiterated strategic roadmap.
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 |
|---|---|---|---|
Mar 11, 2026 | $6.21 | $5.58 | -10.14% |
Nov 20, 2025 | $4.03 | $4.07 | +0.99% |
Aug 20, 2025 | $4.64 | $4.56 | -1.72% |
May 20, 2025 | $2.84 | $2.67 | -5.99% |
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 May 26, 2026, Before Open (Confirmed).
What is ATRenew Inc. Sponsored ADR (RERE) earnings time?
ATRenew Inc. Sponsored ADR (RERE) earnings time is at May 26, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
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 (Q1) is 0.1.