ATRenew Inc. Sponsored ADR (RERE)
NYSE:RERE
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ATRenew Inc. Sponsored ADR
(NYSE:RERE)
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Rating:60Neutral
Price Target:
$4.50
▲(0.67% Upside)
Action:DowngradedDate:04/12/26
The score is driven primarily by improving fundamentals and a low-leverage balance sheet, but it is held back by weak cash-flow conversion in 2025 and compressed/thin margins. Technicals are bearish (below key moving averages with negative MACD), while valuation is mixed (high P/E partly offset by a moderate dividend). Earnings-call guidance and operational momentum are a notable positive support.
Positive Factors
Robust revenue growth
Sustained high revenue growth across 2025 demonstrates durable market demand and expanding platform traction in pre-owned electronics. Consistent top-line expansion strengthens scale economics, funds continued investment in stores, logistics and AI inspection, and underpins long-term share gains in China’s circular-consumption market.
Negative Factors
Thin operating margins
Operating profitability remains narrow, leaving limited cushion against input-price swings, higher fulfillment or marketing costs, and competitive price pressure. Persistently low margins mean small adverse changes in device pricing or costs can materially erode profits, making durable margin expansion essential for long-term financial resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Robust revenue growth
Sustained high revenue growth across 2025 demonstrates durable market demand and expanding platform traction in pre-owned electronics. Consistent top-line expansion strengthens scale economics, funds continued investment in stores, logistics and AI inspection, and underpins long-term share gains in China’s circular-consumption market.
Read all positive factors
ATRenew Inc. Sponsored ADR (RERE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$979.01M
Dividend YieldN/A
Average Volume (3M)1.43M
Price to Earnings (P/E)41.1
Beta (1Y)1.12
Revenue Growth27.84%
EPS GrowthN/A
CountryUS
Employees2,096
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)0.12
Shares Outstanding131,728,120
10 Day Avg. Volume797,408
30 Day Avg. Volume1,432,832
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)3.37
Price to Sales (P/S)0.66
P/FCF Ratio-24.74
Enterprise Value/Market Cap10.12
Enterprise Value/Revenue0.53
Enterprise Value/Gross Profit2.61
Enterprise Value/Ebitda19.28
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.94
Revenue Forecast (FY)$26.16B
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 primarily makes money by monetizing the circulation of used consumer electronics. Its core revenue stream comes from the sale of pre-owned devices: the company (or its network) acquires used devices via trade-in and recycling channels, per...
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
62
Positive
Balance Sheet
78
Positive
Cash Flow
44
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.54B | 20.47B | 16.33B | 12.97B | 9.87B | 7.78B |
| Gross Profit | 3.80B | 2.52B | 3.24B | 2.63B | 2.27B | 2.04B |
| EBITDA | 513.90M | 402.66M | 362.70M | 192.38M | -2.16B | -521.33M |
| Net Income | 210.36M | 327.13M | -8.23M | -156.25M | -2.47B | -816.55M |
Balance Sheet | ||||||
| Total Assets | 5.20B | 5.97B | 5.09B | 5.49B | 5.05B | 7.50B |
| Cash, Cash Equivalents and Short-Term Investments | 1.92B | 1.81B | 2.61B | 2.43B | 2.52B | 1.89B |
| Total Debt | 244.21M | 393.14M | 354.93M | 405.94M | 203.93M | 165.45M |
| Total Liabilities | 1.41B | 1.98B | 1.40B | 1.78B | 1.17B | 1.08B |
| Stockholders Equity | 3.79B | 3.99B | 3.69B | 3.71B | 3.88B | 6.42B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -543.62M | 582.95M | 158.72M | 819.83M | -1.09B |
| Operating Cash Flow | 0.00 | -403.27M | 642.81M | 243.90M | 881.30M | -1.02B |
| Investing Cash Flow | 0.00 | -132.44M | -424.40M | 172.01M | -516.68M | -670.40M |
| Financing Cash Flow | 0.00 | -13.31M | -307.71M | 68.70M | -186.04M | 2.29B |
ATRenew Inc. Sponsored ADR Technical Analysis
Negative
4.47
Price Trends
5.29
Negative
5.21
Negative
4.56
Negative
Market Momentum
-0.25
Positive
38.78
Neutral
35.54
Neutral
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 4.82, below the 50-day MA of 5.29, and below the 200-day MA of 4.56, indicating a bearish trend. The MACD of -0.25 indicates Positive momentum. The RSI at 38.78 is Neutral, neither overbought nor oversold. The STOCH value of 35.54 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | $1.01B | 31.00 | 14.46% | ― | 31.20% | 38.38% | |
67 Neutral | $1.75B | 29.01 | 12.82% | ― | 9.24% | 35.68% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | $979.01M | 41.12 | 8.68% | ― | 27.84% | ― | |
53 Neutral | $477.66M | -38.47 | -34.47% | ― | -4.90% | 50.77% | |
46 Neutral | $298.48M | -32.20 | -2.64% | ― | 22.58% | 33.18% | |
44 Neutral | $857.06M | -12.43 | -133.66% | ― | -4.62% | ― |
* Consumer Cyclical Sector Average
RERE
ATRenew Inc. Sponsored ADR
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2.25
101.99%
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ATRenew Inc. Sponsored ADR Corporate Events
ATRenew Posts Strong 2025 Revenue and Profit Gains on Pre-Owned Electronics Growth
Mar 11, 2026
On March 11, 2026, ATRenew reported unaudited results showing strong growth for the fourth quarter and full year 2025, with Q4 net revenues up 29% year-on-year to RMB6.25 billion and full-year revenues up 28.9% to RMB21.05 billion. The number of c...
ATRenew Adds JD.com Executive to Board, Reshapes Committees After Director Resignation
Mar 6, 2026
On March 6, 2026, ATRenew Inc. announced that Yue Teng, a strategic investment director at JD.com, has been appointed to its board of directors and compensation committee, while Rui Zhu has joined the nominating and corporate governance committee....
Glossary
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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.