ATRenew Inc. Sponsored ADR (RERE)
NYSE:RERE
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ATRenew Inc. Sponsored ADR
(NYSE:RERE)
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Rating:71Outperform
Price Target:
$6.50
▲(45.41% Upside)
Action:UpgradedDate:12/05/25
ATRenew Inc. shows strong technical momentum and positive earnings call sentiment, driving the overall score. However, challenges in profitability and cash flow management, coupled with a high P/E ratio, weigh down the score. The absence of a dividend yield further impacts the valuation component negatively.
Positive Factors
Strong revenue growth and 1P expansion
Consistent high-teens to high-20s revenue growth driven by 1P product expansion demonstrates durable demand and scalable unit economics. Sustained top-line growth supports reinvestment in operations, expands supply chain scale, and strengthens bargaining power with suppliers and channels over the medium term.
Negative Factors
Negative net profit margins
Persisting negative net margins mean the business still fails to retain earnings despite revenue scale. This limits internal funding for growth, reduces resilience to demand shocks, and implies management must convert operating improvements into sustained bottom-line profitability to secure long-term viability.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth and 1P expansion
Consistent high-teens to high-20s revenue growth driven by 1P product expansion demonstrates durable demand and scalable unit economics. Sustained top-line growth supports reinvestment in operations, expands supply chain scale, and strengthens bargaining power with suppliers and channels over the medium term.
Read all positive factors
ATRenew Inc. Sponsored ADR (RERE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.02B
Dividend YieldN/A
Average Volume (3M)1.47M
Price to Earnings (P/E)41.1
Beta (1Y)1.15
Revenue Growth27.84%
EPS GrowthN/A
CountryUS
Employees2,096
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)0.12
Shares Outstanding132,037,490
10 Day Avg. Volume753,887
30 Day Avg. Volume1,468,676
Financial Highlights & Ratios
PEG Ratio6.54
Price to Book (P/B)1.38
Price to Sales (P/S)0.31
P/FCF Ratio8.74
Enterprise Value/Market Cap10.18
Enterprise Value/Revenue0.56
Enterprise Value/Gross Profit2.73
Enterprise Value/Ebitda20.17
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.93
Revenue Forecast (FY)$26.12B
ATRenew Inc. Sponsored ADR Business Overview & Revenue Model
Company Description
ATRenew Inc., through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People's Republic of China. It primarily sells mobile phones, laptops, tablets, drones, digital cameras, household products, ...
How the Company Makes Money
ATRenew generates revenue primarily through the resale of refurbished electronic devices. The company acquires used electronics from consumers and businesses, which are then processed, tested, and refurbished to meet quality standards. Key revenue...
ATRenew Inc. Sponsored ADR Earnings Call Summary
Earnings Call Date:Mar 11, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 26, 2026
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.Positive Updates
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).
Negative Updates
Rising Selling & Marketing Expenses
Non-GAAP selling and marketing expenses rose sharply (Q4 non-GAAP S&M increased 44.1% to RMB 460 million; full-year non-GAAP S&M increased 47.3% to RMB 1.6 billion). S&M as a percentage of revenue increased to 7.4% in Q4 from 6.6% a year ago (full-year 7.6% vs 6.6%), putting pressure on margins.
Read all updates
Q4-2025 Updates
Positive
Negative
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).
Read all positive updates
Company Guidance
Management guided Q1 2026 total revenues of RMB 5,860–5,960 million (up 25.9%–28.1% YoY) and said full‑year 2026 revenue should continue to outpace the broader industry’s double‑digit growth with margins on a returning up‑trend; they reiterated targets and operational levers including a 50% retail share of 1P product revenue (Q4 2025: 41.7%; FY2025: 36.8%), a medium/long‑term AHS store goal of 5,000 (current 2,195; net +451 in 2025), a nationwide to‑door team of 2,154 and daily order‑generating headcount that grew by over 1,000, continued investment in AI pricing and automated inspection (cited ~30% inspection cost reduction), on‑demand refurbishment (32% of phone refurbishment revenue), overseas peak monthly export revenue ~RMB 50 million, marketplace take rate 4.79%, Paipai consignment GMV +253% YoY (24% of Paipai GMV), combined refurbishment revenue +90.8% YoY in Q4, and an ambition to improve on Q4’s non‑GAAP operating margin of 2.9% (FY 2025: 2.6%).ATRenew Inc. Sponsored ADR Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
65
Positive
Cash Flow
50
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.54B | 16.33B | 12.97B | 9.87B | 7.78B | 4.86B |
| Gross Profit | 3.80B | 3.24B | 2.63B | 2.27B | 2.04B | 1.25B |
| EBITDA | 513.90M | 362.70M | 192.38M | -2.16B | -521.33M | -128.54M |
| Net Income | 210.36M | -8.23M | -156.25M | -2.47B | -816.55M | -470.62M |
Balance Sheet | ||||||
| Total Assets | 5.20B | 5.09B | 5.49B | 5.05B | 7.50B | 5.23B |
| Cash, Cash Equivalents and Short-Term Investments | 1.92B | 2.61B | 2.43B | 2.52B | 1.89B | 1.03B |
| Total Debt | 244.21M | 354.93M | 405.94M | 203.93M | 165.45M | 595.70M |
| Total Liabilities | 1.41B | 1.40B | 1.78B | 1.17B | 1.08B | 10.44B |
| Stockholders Equity | 3.79B | 3.69B | 3.71B | 3.88B | 6.42B | -5.20B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 582.95M | 158.72M | 819.83M | -1.09B | -450.71M |
| Operating Cash Flow | 0.00 | 642.81M | 243.90M | 881.30M | -1.02B | -412.87M |
| Investing Cash Flow | 0.00 | -424.40M | 172.01M | -516.68M | -670.40M | 18.63M |
| Financing Cash Flow | 0.00 | -307.71M | 68.70M | -186.04M | 2.29B | 929.96M |
ATRenew Inc. Sponsored ADR Technical Analysis
Negative
4.47
Price Trends
5.36
Negative
5.19
Negative
4.54
Negative
Market Momentum
-0.28
Positive
34.56
Neutral
6.44
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RERE, the sentiment is Negative. The current price of 4.47 is below the 20-day moving average (MA) of 4.98, below the 50-day MA of 5.36, and below the 200-day MA of 4.54, indicating a bearish trend. The MACD of -0.28 indicates Positive momentum. The RSI at 34.56 is Neutral, neither overbought nor oversold. The STOCH value of 6.44 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for RERE.
ATRenew Inc. Sponsored ADR Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $1.02B | 41.12 | 8.68% | ― | 27.84% | ― | |
70 Outperform | $992.13M | 31.00 | 14.46% | ― | 31.20% | 38.38% | |
67 Neutral | $1.78B | 29.01 | 12.82% | ― | 9.24% | 35.68% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
53 Neutral | $475.12M | -38.47 | -34.47% | ― | -4.90% | 50.77% | |
46 Neutral | $290.03M | -32.20 | -2.64% | ― | 22.58% | 33.18% | |
44 Neutral | $862.01M | -12.43 | -133.66% | ― | -4.62% | ― |
* Consumer Cyclical Sector Average
RERE
ATRenew Inc. Sponsored ADR
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2.47
113.92%
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ATRenew Inc. Sponsored ADR Corporate Events
ATRenew Inc. Reports Strong Q3 2025 Financial Growth and Announces Share Repurchase Program
Nov 20, 2025
ATRenew Inc. reported a significant increase in its financial performance for the third quarter of 2025, with total net revenues rising by 27.1% year-over-year to RMB5,149.2 million. The company’s income from operations saw a remarkable incr...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.