ATRenew Inc. Reports Unaudited First Quarter 2026 Financial Results

Rhea-AI Summary

ATRenew (NYSE:RERE) reported strong unaudited Q1 2026 results, with total net revenues up 32.4% year-over-year to RMB6,160.1 million and income from operations up 154.9% to RMB185.3 million.

Net income rose 215.7% to RMB135.1 million, while Q2 2026 revenue guidance implies 25–27% growth. The board also extended a US$50 million share repurchase program by 12 months from June 30, 2026.

Positive

• Total net revenues +32.4% YoY to RMB6,160.1 million
• Net product revenues +34.4% YoY to RMB5,729.8 million
• Income from operations +154.9% YoY to RMB185.3 million
• Net income +215.7% YoY to RMB135.1 million
• Q2 2026 revenue guidance up 25–27% YoY to RMB6,240–6,340m
• US$50m share repurchase program extended 12 months from June 30, 2026

Negative

• Operating costs and expenses +30.7% YoY to RMB5,987.9 million
• Fulfillment expenses +22.5% YoY to RMB524.0 million
• Selling and marketing expenses +17.9% YoY to RMB493.9 million
• Research and development expenses +33.5% YoY to RMB73.4 million
• Cash, equivalents, restricted cash and similar balances down to RMB1,718.8m from RMB2,187.4m

News Market Reaction – RERE

+11.56% 4.1x vol

29 alerts

+11.56% Session close to close

+6.9% Peak Tracked

-5.3% Trough Tracked

$1.12B Market Cap

4.1x Rel. Volume

In the May 19 session, RERE gained 11.56%, reflecting a significant positive market reaction. Argus tracked a peak move of +6.9% during that session. Argus tracked a trough of -5.3% from its starting point during tracking. Our momentum scanner triggered 29 alerts that day, indicating elevated trading interest and price volatility. Trading volume was very high at 4.1x the daily average, suggesting strong buying interest.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock surged +11.6% in the session following this news. A strong positive reaction aligns with A...

Analysis

The stock surged +11.6% in the session following this news. A strong positive reaction aligns with ATRenew’s track record of delivering solid earnings growth, as shown by prior quarters’ double‑digit revenue gains. However, history also includes instances where good results preceded pullbacks. Investors monitoring such moves may weigh the company’s continued profitability, cash trends, and capital return activities against the possibility that enthusiasm after a 4.17% or larger jump could fade if expectations reset.

Key Figures

Total net revenues: RMB6,160.1M (US$893.0M), +32.4% YoY Income from operations: RMB185.3M (US$26.9M), +154.9% YoY Net income: RMB135.1M (US$19.6M), +215.7% YoY +5 more

8 metrics

Total net revenues RMB6,160.1M (US$893.0M), +32.4% YoY Q1 2026 vs Q1 2025 RMB4,653.5M

Income from operations RMB185.3M (US$26.9M), +154.9% YoY Q1 2026 vs Q1 2025 RMB72.7M

Net income RMB135.1M (US$19.6M), +215.7% YoY Q1 2026 vs Q1 2025 RMB42.8M

Basic EPS RMB0.84 (US$0.12) Q1 2026 vs Q1 2025 RMB0.27

Q2 2026 revenue guidance RMB6,240.0–6,340.0M Implied 25.0%–27.0% YoY growth

Cash & equivalents etc. RMB1,718.8M (US$249.2M) As of Mar 31, 2026 vs RMB2,187.4M at Dec 31, 2025

Share repurchase authorization US$50M Program authorized June 30, 2025; extended 12 months from June 30, 2026

ADSs repurchased Q1 2026 0.5M ADSs for US$2.7M Cumulative 2.3M ADSs for US$10.6M; US$39.4M remaining

Previous Earnings Reports

5 past events · Latest: Nov 20 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Nov 20	Q3 2025 earnings	Positive	+1.0%	Strong Q3 2025 revenue and profit growth with higher transactions and guidance.
Aug 20	Q2 2025 earnings	Positive	-1.7%	Q2 2025 revenues up over 30% and a swing to operating profit.
May 20	Q1 2025 earnings	Positive	-6.0%	Q1 2025 revenue growth and move from operating loss to profit.
Mar 11	Q4 & FY 2024 earnings	Positive	+9.4%	Q4 and full‑year 2024 revenue growth and return to operating profitability.
Nov 20	Q3 2024 earnings	Positive	+13.8%	Q3 2024 revenue growth with positive operating income and higher transactions.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Earnings have generally been strong, but price reactions are mixed, with three positive and two negative moves following the last five earnings releases.

Recent Company History

Over the past few quarters, ATRenew has repeatedly reported double‑digit revenue growth and improving profitability, as seen in Q3 2024, Q1–Q3 2025, and Q4/FY 2024 earnings. Prior updates highlighted rising transaction volumes, growing operating income, and ongoing share repurchases. The current Q1 2026 release continues this pattern with faster revenue growth and higher net income, reinforcing the multi‑quarter trend of scaling its pre‑owned electronics platform while expanding margins and returning capital to shareholders.

Key Terms

non-GAAP

1 terms

non-GAAP financial

"Adjusted income from operations (non-GAAP)[1] grew by 70.2% to RMB190.5 million"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

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AI-generated analysis. How Rhea-AI works. Not financial advice.

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SHANGHAI, May 19, 2026 /PRNewswire/ -- ATRenew Inc. ("ATRenew" or the "Company") (NYSE: RERE), a pioneer in technology-driven recycling and trade-in solutions for consumer products in China, today announced its unaudited financial results for the three months ended March 31, 2026.

First Quarter 2026 Highlights

• Total net revenues grew by 32.4% to RMB6,160.1 million (US$893.0 million) from RMB4,653.5 million in the same period of 2025.
• Income from operations increased by 154.9% to RMB185.3 million (US$26.9 million) from RMB72.7 million in the same period of 2025. Adjusted income from operations (non-GAAP)^[1] grew by 70.2% to RMB190.5 million (US$27.6 million) from RMB111.9 million in the same period of 2025.
• Net income increased by 215.7% to RMB135.1 million (US$19.6 million) from RMB42.8 million in the same period of 2025. Adjusted net income (non-GAAP)^[1] grew by 79.6% to RMB140.1 million (US$20.3 million) from RMB78.0 million in the same period of 2025.
• Number of consumer products transacted^[2] was 10.8 million compared to 9.5 million in the same period of 2025.

Mr. Kerry Xuefeng Chen, Founder, Chairman, and Chief Executive Officer of ATRenew, commented, "ATRenew achieved accelerated growth across multiple dimensions in the first quarter of 2026. Total net revenue reached RMB6,160.1 million, representing a 32.4% year-on-year increase. We deepened our self-operated capabilities across the value chain. On the sourcing side, we continuously improved users' awareness of recycling and trade-in programs, expanded our doorstep fulfillment network, and actively deployed our capital to acquire first-hand sources. In the meantime, we leverage AI capabilities to offer better prices, thus strengthening control over upstream supply while delivering a more reliable user experience. As we expanded our compliant refurbishment capacity to a high standard on the processing side, we also ensured supply for our direct retail business and high-quality resale to small business owners on the distribution side. These efforts ultimately created greater value end-to-end across the entire value chain."

Mr. Rex Chen, Chief Financial Officer of ATRenew, added, "In addition to strong topline growth, ATRenew also achieved rapid profit growth in the first quarter of 2026. Adjusted income from operations increased by 70.2% year-on-year to RMB190.5 million. In refining our management and operations, we prioritized building out doorstep fulfillment capabilities and optimizing operational spending. These initiatives, combined with economies of scale, drove year-on-year improvements in our key expense ratios, effectively boosting profitability for the quarter. Looking forward, we will continue to pursue rapid growth in scale and revenue, seize development opportunities in the second-hand industry, and further optimize our cost structure to create long-term value for both users and shareholders."

[1] For all measures labeled as "non-GAAP" on this page and following pages, please see "Unaudited Reconciliations of GAAP and Non-GAAP Results" for more information.

[2] "Number of consumer products transacted" represents the number of consumer products distributed to merchants and consumers through transactions on the Company's PJT Marketplace, Paipai Marketplace and other channels the Company operates in a given period, prior to returns and cancellations, excluding the number of consumer products collected through AHS Recycle; a single consumer product may be counted more than once according to the number of times it is transacted on PJT Marketplace, Paipai Marketplace and other channels the Company operates through the distribution process to end consumer.

First Quarter 2026 Financial Results

REVENUE

Total net revenues increased by 32.4% to RMB6,160.1 million (US$893.0 million) from RMB4,653.5 million in the same period of 2025.

• Net product revenues increased by 34.4% to RMB5,729.8 million (US$830.6 million) from RMB4,263.7 million in the same period of 2025. The increase was primarily attributable to an increase in the sales of pre-owned consumer electronics through the Company's online channels.
• Net service revenues increased by 10.4% to RMB430.3 million (US$62.4 million), compared to RMB389.8 million in the same period of 2025. This increase was primarily due to an increase in the service revenue generated from multi-category recycling business and PJT Marketplace.

OPERATING COSTS AND EXPENSES

Operating costs and expenses were RMB5,987.9 million (US$868.1 million), compared to RMB4,581.0 million in the same period of 2025, representing an increase of 30.7%.

• Merchandise costs were RMB4,816.8 million (US$698.3 million), compared to RMB3,615.9 million in the same period of 2025, representing an increase of 33.2%. The increase was primarily due to the growth in product sales.
• Fulfillment expenses were RMB524.0 million (US$76.0 million), compared to RMB427.8 million in the same period of 2025, representing an increase of 22.5%. The increase was primarily due to (i) an increase in personnel costs driven by the growth of our business, and (ii) an increase in operating center related expenses as the Company conducted more recycling and transaction activities compared with the same period of 2025.
• Selling and marketing expenses were RMB493.9 million (US$71.6 million), compared to RMB418.9 million in the same period of 2025, representing an increase of 17.9%. The increase was primarily due to an increase in commission expenses in relation to channel service fees, partially offset by a decrease in amortization of intangible assets resulting from assets and business acquisitions due to the maturity of major remaining intangible assets in the second quarter of 2025.
• General and administrative expenses were RMB79.8 million (US$11.6 million), compared to RMB63.4 million in the same period of 2025, representing an increase of 25.9%. The increase was primarily due to an increase in personnel costs and sales tax and associated charges, partially offset by a decrease in share-based compensation expenses.
• Research and development expenses were RMB73.4 million (US$10.6 million), compared to RMB55.0 million in the same period of 2025, representing an increase of 33.5%. The increase was primarily due to an increase in personnel costs.

INCOME FROM OPERATIONS

Income from operations was RMB185.3 million (US$26.9 million), representing an increase of 154.9% from RMB72.7 million in the same period of 2025.

Adjusted income from operations (non-GAAP) was RMB190.5 million (US$27.6 million), representing an increase of 70.2% from RMB111.9 million in the same period of 2025.

NET INCOME

Net income was RMB135.1 million (US$19.6 million), representing an increase of 215.7% from RMB42.8 million in the same period of 2025.

Adjusted net income (non-GAAP) was RMB140.1 million (US$20.3 million), representing an increase of 79.6% from RMB78.0 million in the same period of 2025.

BASIC AND DILUTED NET INCOME PER ORDINARY SHARE

Basic and diluted net income per ordinary share were RMB0.84 (US$0.12) and RMB0.84 (US$0.12), compared to RMB0.27 and RMB0.26 in the same period of 2025.

Adjusted basic and diluted net income per ordinary share (non-GAAP) were RMB0.87 (US$0.13) and RMB0.87 (US$0.13), compared to RMB0.48 and RMB0.48 in the same period of 2025.

CASH AND CASH EQUIVALENTS, RESTRICTED CASH, SHORT-TERM INVESTMENTS AND FUNDS RECEIVABLE FROM THIRD PARTY PAYMENT SERVICE PROVIDERS

Cash and cash equivalents, restricted cash, short-term investments and funds receivable from third party payment service providers were RMB1,718.8 million (US$249.2 million) as of March 31, 2026, as compared to RMB2,187.4 million as of December 31, 2025.

Business Outlook

For the second quarter of 2026, the Company currently expects its total revenues to be between RMB6,240.0 million and RMB6,340.0 million, representing an increase of 25.0% to 27.0% year-over-year. This forecast only reflects the Company's current and preliminary views on the market and operational conditions, which are subject to change.

Recent Developments

On June 30, 2025, the board of directors of the Company (the "Board") authorized a new share repurchase program, under which the Company may repurchase up to US$50 million of its shares (including ADSs) over a 12-month period starting from June 30, 2025. During the first quarter of 2026, the Company repurchased a total of approximately 0.5 million ADSs for approximately US$2.7 million. As of March 31, 2026, the Company had cumulatively repurchased a total of approximately 2.3 million ADSs for approximately US$10.6 million, with approximately US$39.4 million remaining available for repurchases under the share repurchase program. On May 19, 2026, the Board has authorized an extension of the existing share repurchase program for an additional 12-month period commencing from June 30, 2026, with other key terms remaining unchanged.

Conference Call Information

The Company's management will hold a conference call on Tuesday, May 19, 2026 at 08:00 A.M. Eastern Time (or 08:00 P.M. Beijing Time on the same day) to discuss the financial results. Listeners may access the call by dialing the following numbers:

International:		1-412-317-6061
United States Toll Free:		1-888-317-6003
Mainland China Toll Free:		4001-206115
Hong Kong Toll Free:		800-963976
Access Code:		2239384

The replay will be accessible through May 26, 2026 by dialing the following numbers:

International:		1-412-317-0088
United States Toll Free:		1-855-669-9658
Access Code:		3889521

A live and archived webcast of the conference call will also be available at the Company's investor relations website at ir.atrenew.com.

About ATRenew Inc.

Headquartered in Shanghai, ATRenew Inc. is a pioneer in technology-driven recycling and trade-in solutions for consumer products in China. Since inception in 2011, ATRenew has been on a mission to give a second life to all idle goods, reducing the environmental impact of pre-owned consumer products by facilitating recycling, trade-ins and distribution that prolong their lifecycle. ATRenew's open platform integrates C2B, B2B, and B2C capabilities to empower its online and offline services. Powered by proprietary technologies and a scalable platform ecosystem, ATRenew enhances transaction efficiency and pricing transparency for consumers and merchants alike while advancing circular economy standards in China. ATRenew is a participant in the United Nations Global Compact, and adheres to its principles-based approach to responsible business.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.8980 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of March 31, 2026.

Use of Non-GAAP Financial Measures

The Company also uses certain non-GAAP financial measures in evaluating its business. For example, the Company uses adjusted income from operations, adjusted net income and adjusted net income per ordinary share as supplemental measures to review and assess its financial and operating performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation, or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. Adjusted income from operations is income from operations excluding the share-based compensation expenses and amortization of intangible assets resulting from assets and business acquisitions. Adjusted net income is net income excluding the share-based compensation expenses and amortization of intangible assets resulting from assets and business acquisitions and tax effects of amortization of intangible assets resulting from assets and business acquisitions. Adjusted net income per ordinary share is adjusted net income attributable to ordinary shareholders divided by weighted average number of shares used in calculating net income per ordinary share.

The Company presents non-GAAP financial measures because they are used by the Company's management to evaluate the Company's financial and operating performance and formulate business plans. The Company believes that adjusted income from operations and adjusted net income help identify underlying trends in the Company's business that could otherwise be distorted by the effect of certain expenses that are included in income from operations and net income. The Company also believes that the use of non-GAAP financial measures facilitates investors' assessment of the Company's operating performance. The Company believes that adjusted income from operations and adjusted net income provide useful information about the Company's operating results, enhance the overall understanding of the Company's past performance and future prospects and allow for greater visibility with respect to key metrics used by the Company's management in its financial and operational decision making.

The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using non-GAAP financial measures is that they do not reflect all items of income and expense that affect the Company's operations. The share-based compensation expenses, amortization of intangible assets resulting from assets and business acquisitions and tax effects of amortization of intangible assets resulting from assets and business acquisitions have been and may continue to be incurred in the Company's business and is not reflected in the presentation of non-GAAP financial measures. Further, the non-GAAP measures may differ from the non-GAAP measures used by other companies, including peer companies, potentially limiting the comparability of their financial results to the Company's. In light of the foregoing limitations, the non-GAAP financial measures for the period should not be considered in isolation from or as an alternative to income from operations, net income, and net income attributable to ordinary shareholders per share, or other financial measures prepared in accordance with U.S. GAAP.

The Company compensates for these limitations by reconciling the non-GAAP financial measures to the nearest U.S. GAAP performance measures, which should be considered when evaluating the Company's performance. For reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures, please see the section of the accompanying tables titled, "Reconciliations of GAAP and Non-GAAP Results."

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to" and similar statements. Among other things, quotations in this announcement, contain forward-looking statements. ATRenew may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about ATRenew's beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: ATRenew's strategies; ATRenew's future business development, financial condition and results of operations; ATRenew's ability to maintain its relationship with major strategic investors; its ability to facilitate pre-owned consumer electronics transactions and provide relevant services; its ability to maintain and enhance the recognition and reputation of its brand; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in ATRenew's filings with the SEC. All information provided in this press release is as of the date of this press release, and ATRenew does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations Contact

ATRenew Inc.
Investor Relations
Email: ir@atrenew.com 

Christensen Advisory
Email: rere@christensencomms.com 

ATRENEW INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(Amounts in thousands)
		As of December 31,				As of March 31,
		2025				2026
		RMB				RMB				US$
ASSETS
Current assets:
Cash and cash equivalents			1,537,461				1,012,641				146,802
Restricted cash			500				500				72
Short-term investments			267,641				247,913				35,940
Amount due from related parties, net			414,779				482,458				69,942
Inventories			1,074,080				1,486,198				215,453
Funds receivable from third party payment service providers			381,284				457,279				66,292
Accounts receivables, net			131,598				145,388				21,077
Prepayments and other receivables, net			933,960				941,984				136,560
Total current assets			4,741,303				4,774,361				692,138
Non-current assets:
Long-term investments			485,401				467,253				67,737
Property and equipment, net			239,378				235,968				34,208
Intangible assets, net			10,653				9,875				1,432
Other non-current assets			489,209				497,693				72,150
Total non-current assets			1,224,641				1,210,789				175,527
TOTAL ASSETS			5,965,944				5,985,150				867,665
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short-term borrowings			322,855				294,706				42,723
Accounts payable			335,622				225,011				32,620
Contract liabilities			231,771				271,178				39,313
Accrued expenses and other current liabilities			644,782				841,980				122,061
Accrued payroll and welfare			189,904				181,242				26,275
Amount due to related parties			178,224				160,367				23,248
Total current liabilities			1,903,158				1,974,484				286,240
Non-current liabilities:
Operating lease liabilities, non-current			70,031				64,847				9,401
Deferred tax liabilities			2,352				2,235				324
Total non-current liabilities			72,383				67,082				9,725
TOTAL LIABILITIES			1,975,541				2,041,566				295,965
TOTAL SHAREHOLDERS' EQUITY			3,990,403				3,943,584				571,700
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY			5,965,944				5,985,150				867,665

 

 

ATRENEW INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(Amounts in thousands, except share and per share and otherwise noted)
		Three months ended,
		March 31, 2025				December 31, 2025				March 31, 2026
		RMB				RMB				RMB				US$
Net revenues
Net product revenues			4,263,679				5,831,223				5,729,814				830,649
Net service revenues			389,766				422,968				430,300				62,380
Operating (expenses) income (1)(2)
Merchandise costs			(3,615,916)				(5,032,320)				(4,816,769)				(698,285)
Fulfillment expenses			(427,849)				(483,139)				(524,048)				(75,971)
Selling and marketing expenses			(418,858)				(464,083)				(493,873)				(71,597)
General and administrative expenses			(63,374)				(59,966)				(79,831)				(11,573)
Research and development expenses			(55,004)				(62,618)				(73,404)				(10,641)
Other operating income, net			244				19,575				13,131				1,904
Income from operations			72,688				171,640				185,320				26,866
Interest expense			(1,885)				(1,152)				(2,125)				(308)
Interest income			8,374				628				3,938				571
Other loss, net			(6,487)				(8,344)				(15,973)				(2,316)
Income before income taxes and share of loss in equity method investments			72,690				162,772				171,160				24,813
Income tax expenses			(6,270)				(16,284)				(19,022)				(2,758)
Share of loss in equity method investments			(23,620)				(16,153)				(17,044)				(2,471)
Net income			42,800				130,335				135,094				19,584
Net income per ordinary share:
Basic			0.27				0.81				0.84				0.12
Diluted			0.26				0.80				0.84				0.12
Weighted average number of shares used in calculating net income per ordinary share
Basic			161,373,633				161,005,931				160,826,793				160,826,793
Diluted			162,568,603				162,019,666				161,376,066				161,376,066
Net income			42,800				130,335				135,094				19,584
Foreign currency translation adjustments			(999)				2,353				(7,080)				(1,026)
Total comprehensive income			41,801				132,688				128,014				18,558

 

 

ATRENEW INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (CONTINUED)
(Amounts in thousands)
		Three months ended,
		March 31, 2025				December 31, 2025				March 31, 2026
		RMB				RMB				RMB				US$
(1) Includes share-based compensation expenses as follows:
Fulfillment expenses			(2,357)				(2,965)				(1,745)				(253)
Selling and marketing expenses			(4,437)				(1,424)				(642)				(93)
General and administrative expenses			(3,956)				(2,415)				(845)				(122)
Research and development expenses			(1,983)				(2,298)				(1,130)				(164)
(2) Includes amortization of intangible assets resulting from assets and business acquisitions as follows:
Selling and marketing expenses			(26,479)				(780)				(780)				(113)
Research and development expenses			—				—				—				—

 

 

Unaudited Reconciliations of GAAP and Non-GAAP Results
(Amounts in thousands, except share and per share and otherwise noted)
		Three months ended,
		March 31, 2025				December 31, 2025				March 31, 2026
		RMB				RMB				RMB				US$
Income from operations			72,688				171,640				185,320				26,866
Add:
Share-based compensation expenses			12,733				9,102				4,362				632
Amortization of intangible assets resulting from assets and business acquisitions			26,479				780				780				113
Adjusted income from operations (non-GAAP)			111,900				181,522				190,462				27,611
Net income			42,800				130,335				135,094				19,584
Add:
Share-based compensation expenses			12,733				9,102				4,362				632
Amortization of intangible assets resulting from assets and business acquisitions			26,479				780				780				113
Less:
Tax effects of amortization of intangible assets resulting from assets and business acquisitions			(3,972)				(116)				(117)				(17)
Adjusted net income (non-GAAP)			78,040				140,101				140,119				20,312
Adjusted net income per ordinary share (non-GAAP):
Basic			0.48				0.87				0.87				0.13
Diluted			0.48				0.86				0.87				0.13
Weighted average number of shares used in calculating net income per ordinary share
Basic			161,373,633				161,005,931				160,826,793				160,826,793
Diluted			162,568,603				162,019,666				161,376,066				161,376,066

 

 

View original content:https://www.prnewswire.com/news-releases/atrenew-inc-reports-unaudited-first-quarter-2026-financial-results-302775742.html

SOURCE ATRenew Inc.

FAQ

How did ATRenew (NYSE:RERE) perform financially in Q1 2026?

ATRenew reported strong year-over-year growth in Q1 2026, led by higher revenue and profitability. According to ATRenew, total net revenues rose 32.4% to RMB6,160.1 million and net income increased 215.7% to RMB135.1 million, supported by growth in pre-owned consumer electronics sales.

What were ATRenew (RERE) earnings and margins for Q1 2026?

ATRenew’s earnings improved sharply in Q1 2026, with both GAAP and non-GAAP metrics rising. According to ATRenew, income from operations reached RMB185.3 million, up 154.9% year-over-year, while adjusted income from operations grew 70.2% to RMB190.5 million, reflecting scale benefits and cost efficiency.

What revenue guidance did ATRenew (NYSE:RERE) give for Q2 2026?

ATRenew expects continued revenue growth in Q2 2026. According to ATRenew, total revenues are projected between RMB6,240.0 million and RMB6,340.0 million, implying year-over-year growth of approximately 25.0% to 27.0%, based on current market and operational conditions that remain subject to change.

How many consumer products did ATRenew process in Q1 2026?

ATRenew increased its transaction volume of consumer products in Q1 2026. According to ATRenew, the number of consumer products transacted reached 10.8 million, compared with 9.5 million in the same period of 2025, reflecting higher activity across its PJT Marketplace, Paipai Marketplace and other channels.

What did ATRenew announce about its share repurchase program on May 19, 2026?

ATRenew extended its existing share repurchase program to continue returning capital to shareholders. According to ATRenew, the board authorized a 12‑month extension from June 30, 2026 for the up to US$50 million program, with about US$39.4 million remaining available as of March 31, 2026.

How much stock has ATRenew (RERE) repurchased under its US$50 million program?

ATRenew has been actively executing its share repurchase authorization. According to ATRenew, by March 31, 2026 it had cumulatively repurchased about 2.3 million ADSs for approximately US$10.6 million, including around 0.5 million ADSs bought in Q1 2026 for roughly US$2.7 million.

What is ATRenew’s cash and liquidity position after Q1 2026?

ATRenew ended Q1 2026 with a solid cash and investment balance, though lower than year-end 2025. According to ATRenew, cash and cash equivalents, restricted cash, short-term investments and funds receivable totaled RMB1,718.8 million, compared with RMB2,187.4 million as of December 31, 2025.