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ATRenew Inc. Reports Unaudited Second Quarter 2026 Financial Results

(Positive)
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ATRenew (NYSE:RERE) reported unaudited second quarter 2026 results with total net revenues of RMB6,609.3 million, up 32.4% year-over-year, driven mainly by a 35.9% increase in net product revenues to RMB6,194.7 million.

Income from operations rose 95.7% to RMB178.3 million, while net income increased 78.6% to RMB129.1 million. Adjusted income from operations reached RMB206.3 million and adjusted net income RMB157.1 million. Basic and diluted EPS were RMB0.80, versus RMB0.45 and RMB0.44 a year earlier. The company transacted 11.6 million consumer products.

For Q3 2026, ATRenew expects revenues of RMB6.34–6.44 billion, implying 23.1%–25.1% year-over-year growth. Under its US$50 million share repurchase program, it has cumulatively bought back about 3.3 million ADSs for US$14.8 million and extended the program by 12 months from June 30, 2026.

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Positive

  • Total net revenues RMB6,609.3m, up 32.4% YoY
  • Income from operations RMB178.3m, up 95.7% YoY
  • Net income RMB129.1m, up 78.6% YoY
  • Adjusted net income RMB157.1m, up 57.3% YoY
  • Q3 2026 revenue guidance up 23.1–25.1% YoY
  • Share repurchases of US$14.8m (3.3m ADSs) to date

Negative

  • Net service revenues down 4.2% YoY to RMB414.6m
  • Operating costs and expenses up 31.0% YoY to RMB6,442.3m
  • Merchandise costs up 31.9% YoY to RMB5,219.2m
  • Cash, equivalents and related balances slightly lower at RMB2,157.2m vs RMB2,187.4m at Dec 31, 2025

News Explained

As of June 30, 2026, ATRenew reported RMB2,157.2 million in combined cash-like resources, slightly below its December 2025 level.

ATRenew’s unaudited second-quarter report, current as of June 30, 2026, shows the company’s reported cash-like resources at RMB2,157.2 million, down from RMB2,187.4 million at year-end 2025.

That aggregate combines cash and equivalents, restricted cash, short-term investments, and funds receivable from third-party payment providers; it is not cash alone.

ATRenew defines adjusted income from operations and adjusted net income by excluding share-based compensation and amortization of intangible assets from acquisitions, with related tax effects excluded from adjusted net income.

The company states that these non-GAAP measures are supplemental and should not replace the corresponding U.S. GAAP results because the excluded expenses may continue to affect the business.

Market reaction after 2Q26 earnings report: RERE -4.14%

-4.14% $4.40
15m delay
-4.14% Vs previous close
$4.40 Last Price
$4.37 $4.67 Day Range
$965.78M Market Cap
0.0x Rel. Volume

Following this news, RERE has declined 4.14%, reflecting a moderate negative market reaction. Our momentum scanner has triggered 2 alerts so far, indicating moderate trading interest and price volatility. The stock is currently trading at $4.40.

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Market Context

The earnings-tag history recorded an average move of 2.85%. That record contextualized the quarter's...
Analysis

The earnings-tag history recorded an average move of 2.85%. That record contextualized the quarter's growth and outlook, while Net Selling insider activity remained a risk factor to monitor.

Key Figures

Total net revenues: RMB6,609.3 million (US$974.1 million), +32.4% Income from operations: RMB178.3 million (US$26.3 million), +95.7% Adjusted income from operations: RMB206.3 million (US$30.4 million), +70.1% +5 more
8 metrics
Total net revenues RMB6,609.3 million (US$974.1 million), +32.4% Q2 2026 year over year
Income from operations RMB178.3 million (US$26.3 million), +95.7% Q2 2026 year over year
Adjusted income from operations RMB206.3 million (US$30.4 million), +70.1% Q2 2026 non-GAAP year over year
Net income RMB129.1 million (US$19.0 million), +78.6% Q2 2026 year over year
Adjusted net income RMB157.1 million (US$23.1 million), +57.3% Q2 2026 non-GAAP year over year
Consumer products transacted 11.6 million Q2 2026, compared with 10.3 million in Q2 2025
Q3 revenue outlook RMB6,340.0 million to RMB6,440.0 million, +23.1% to +25.1% Q3 2026 year-over-year forecast
ADS repurchases Approximately 1.0 million ADSs for approximately US$4.2 million Q2 2026

Previous Earnings Reports

5 past events · Latest: May 19 (Positive)
Same Type Pattern 5 events
Date Event Sentiment 24h Move Catalyst
May 19 Q1 2026 earnings Positive +11.6% Revenue and profitability growth accompanied extended share repurchase authorization.
Nov 20 Q3 2025 earnings Positive +1.0% Revenue and operating profitability increased, with Q4 growth guidance provided.
Aug 20 Q2 2025 earnings Positive -1.7% Revenue and operating results improved, but the stock declined over 24 hours.
May 20 Q1 2025 earnings Positive -6.0% Revenue growth and profitability improvement coincided with a 24-hour decline.
Mar 11 Q4 2024 earnings Positive +9.4% Quarterly revenue and operating results improved, alongside full-year growth.

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

Pattern Detected

Positive earnings reports aligned with gains in 3 of 5 tag-specific events, while 2 positive earnings reports diverged with declines.

Key Terms

non-gaap, 1p business model, ifrs s2, scope 1 and scope 2 emissions intensity
4 terms
non-gaap financial
"Adjusted income from operations (non-GAAP)1 grew by 70.1%"
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.
View in glossary
1p business model technical
"This was achieved by leveraging our industry-leading supply chain value via a 1P business model."
A 1p (first-party) business model is when a company sells goods or services as the principal seller — owning the product, setting the price, and handling the sale directly to the end customer or a retailer. For investors it matters because this model affects revenue recognition, profit margins, inventory risk and control over pricing and branding; think of it like a shop that buys stock wholesale and then resells it under its own name, versus a marketplace that merely lists other sellers' items.
ifrs s2 regulatory
"With reference to the IFRS S2 framework, the Company comprehensively identified"
A global reporting standard that tells companies how to disclose climate-related risks and opportunities so investors can judge how those issues might affect future cash flows and value. Think of it like a weather report for a business: it asks firms to describe their exposure to climate-related storms and their plans to stay resilient, making it easier to compare companies and factor climate into investment decisions.
scope 1 and scope 2 emissions intensity technical
"reduced its Scope 1 and Scope 2 emissions intensity by 9.5% in 2025"
A metric that divides a company’s Scope 1 and Scope 2 greenhouse gas emissions by a measure of its activity (for example per million dollars of revenue or per unit produced), showing emissions per unit of output. Scope 1 covers direct emissions from sources the company owns or controls; Scope 2 covers indirect emissions from purchased energy like electricity or steam. Investors use it to compare carbon efficiency across firms, like miles-per-gallon for a car.

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

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SHANGHAI, Aug. 20, 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 June 30, 2026.

Second Quarter 2026 Highlights

  • Total net revenues grew by 32.4% to RMB6,609.3 million (US$974.1 million) from RMB4,991.5 million in the same period of 2025.
  • Income from operations increased by 95.7% to RMB178.3 million (US$26.3 million) from RMB91.1 million in the same period of 2025. Adjusted income from operations (non-GAAP)1 grew by 70.1% to RMB206.3 million (US$30.4 million) from RMB121.3 million in the same period of 2025.
  • Net income increased by 78.6% to RMB129.1 million (US$19.0 million) from RMB72.3 million in the same period of 2025. Adjusted net income (non-GAAP)1 grew by 57.3% to RMB157.1 million (US$23.1 million) from RMB99.9 million in the same period of 2025.
  • Number of consumer products transacted2 was 11.6 million compared to 10.3 million in the same period of 2025.

Mr. Kerry Xuefeng Chen, Founder, Chairman, and Chief Executive Officer of ATRenew, commented, "We are pleased to report another strong quarter for ATRenew. In the second quarter of 2026, total net revenues increased by 32.4% year-on-year to RMB6,609.3 million. This was achieved by leveraging our industry-leading supply chain value via a 1P business model. On the recycling side, we prioritized providing users with the best-in-class recycling and trade-in experience. On the processing side, we increased the proportion of compliant refurbished products, ensuring sufficient supply of value-for-money high-quality second-hand devices for both consumers and small and medium-sized businesses. Simultaneously, we expanded the distribution of quality-preowned products to serve diverse global markets, creating greater value for the global circulation of second-hand electronic products." 

Mr. Rex Chen, Chief Financial Officer of ATRenew, added, "While exceeding the high end of our revenue guidance, ATRenew once again achieved rapid profit growth. In the second quarter of 2026, adjusted income from operations grew by 70.1% year-on-year to RMB206.3 million. During this process, we focused on upgrading the capabilities and quality of AHS stores, strengthening door-to-door fulfillment capabilities on the recycling side, and optimizing the sales channels for our 1P products. Similarly, combining the characteristics of the second-hand industry, we prudently invested in brand marketing and adopted refined cost management in the middle and back offices, achieving continuous optimization of operating profit and maintaining our goal of creating long-term value for 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.

Second Quarter 2026 Financial Results

REVENUE

Total net revenues increased by 32.4% to RMB6,609.3 million (US$974.1 million) from RMB4,991.5 million in the same period of 2025.

  • Net product revenues increased by 35.9% to RMB6,194.7 million (US$913.0 million) from RMB4,558.7 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 decreased by 4.2% to RMB414.6 million (US$61.1 million), compared to RMB432.8 million in the same period of 2025. This decrease was primarily due to the discretionary discounts on service fees provided to merchants during the extended 618 grand promotion event period.

OPERATING COSTS AND EXPENSES

Operating costs and expenses were RMB6,442.3 million (US$949.5 million), compared to RMB4,918.1 million in the same period of 2025, representing an increase of 31.0%.

  • Merchandise costs were RMB5,219.2 million (US$769.2 million), compared to RMB3,957.6 million in the same period of 2025, representing an increase of 31.9%. The increase was primarily due to the growth in product sales.
  • Fulfillment expenses were RMB542.3 million (US$79.9 million), compared to RMB413.6 million in the same period of 2025, representing an increase of 31.1%. The increase was primarily due to (i) an increase in personnel costs driven by the growth of our business, (ii) an increase in logistics expense due to the growth in product sales, and (iii) 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 RMB507.9 million (US$74.9 million), compared to RMB406.9 million in the same period of 2025, representing an increase of 24.8%. 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 RMB95.7 million (US$14.1 million), compared to RMB77.5 million in the same period of 2025, representing an increase of 23.5%. The increase was primarily due to an increase in personnel costs, sales tax and associated charges, and share-based compensation expenses, partially offset by a decrease in expected credit loss relating to credit risk.
  • Research and development expenses were RMB77.2 million (US$11.4 million), compared to RMB62.5 million in the same period of 2025, representing an increase of 23.5%. The increase was primarily due to an increase in personnel costs.

INCOME FROM OPERATIONS

Income from operations was RMB178.3 million (US$26.3 million), representing an increase of 95.7% from RMB91.1 million in the same period of 2025.

Adjusted income from operations (non-GAAP) was RMB206.3 million (US$30.4 million), representing an increase of 70.1% from RMB121.3 million in the same period of 2025.

NET INCOME

Net income was RMB129.1 million (US$19.0 million), representing an increase of 78.6% from RMB72.3 million in the same period of 2025.

Adjusted net income (non-GAAP) was RMB157.1 million (US$23.1 million), representing an increase of 57.3% from RMB99.9 million in the same period of 2025.

BASIC AND DILUTED NET INCOME PER ORDINARY SHARE

Basic and diluted net income per ordinary share were RMB0.80 (US$0.12) and RMB0.80 (US$0.12), compared to RMB0.45 and RMB0.44 in the same period of 2025.

Adjusted basic and diluted net income per ordinary share (non-GAAP) were RMB0.97 (US$0.14) and RMB0.97 (US$0.14), compared to RMB0.62 and RMB0.61 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 RMB2,157.2 million (US$317.9 million) as of June 30, 2026, as compared to RMB2,187.4 million as of December 31, 2025.

Business Outlook 

For the third quarter of 2026, the Company currently expects its total revenues to be between RMB6,340.0 million and RMB6,440.0 million, representing an increase of 23.1% to 25.1% 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 second quarter of 2026, the Company repurchased a total of approximately 1.0 million ADSs for approximately US$4.2 million. As of June 30, 2026, the Company had cumulatively repurchased a total of approximately 3.3 million ADSs for approximately US$14.8 million, with approximately US$35.2 million remaining available for repurchases under the share repurchase program. On May 19, 2026, the Board 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.

On June 30, 2026, ATRenew published its 2025 Environmental, Social and Governance Report (the "ESG Report"), highlighting multiple improvements. ATRenew advanced climate risk management and emissions reduction. With reference to the IFRS S2 framework, the Company comprehensively identified climate-related risks and opportunities and quantitatively assessed their specific impacts on financial performance. The Company also actively advanced carbon emissions reduction: compared to 2024, the Company reduced its Scope 1 and Scope 2 emissions intensity by 9.5% in 2025, demonstrating steady progress toward its 2030 target of a 35% reduction in Scope 1 and Scope 2 emission intensity from a 2024 baseline. On strengthened business ethics, the Company conducted integrity training sessions, reaching 15,124 participants. Signing rates reached 100% for employee integrity, self-discipline and confidentiality, Leadership Accountability Statements, and the Anti-Commercial Bribery Agreement among franchisees. In addition, 2,178 suppliers signed the Anti-Commercial Bribery Agreement, embedding integrity standards across the workforce and supply chain.

Conference Call Information

The Company's management will hold a conference call on Thursday, August 20, 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:


4033621

The replay will be accessible through August 27, 2026 by dialing the following numbers:

International:


1-412-317-0088

United States Toll Free:


1-855-669-9658

Access Code:


4533478

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 RMB6.7851 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 June 30, 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 June 30,




2025



2026




RMB



RMB



US$


ASSETS










Current assets:










Cash and cash equivalents



1,537,461




1,525,554




224,839


Restricted cash



500




1,000




147


Short-term investments



267,641




252,472




37,210


Amount due from related parties, net



414,779




375,052




55,276


Inventories



1,074,080




1,467,275




216,250


Funds receivable from third party payment service
providers



381,284




378,141




55,731


Accounts receivables, net



131,599




122,785




18,096


Prepayments and other receivables, net



933,959




967,725




142,623


Total current assets



4,741,303




5,090,004




750,172


Non-current assets:










Long-term investments



485,401




443,036




65,295


Property and equipment, net



239,378




232,130




34,212


Intangible assets, net



10,653




9,096




1,341


Other non-current assets



489,209




529,834




78,088


Total non-current assets



1,224,641




1,214,096




178,936


TOTAL ASSETS



5,965,944




6,304,100




929,108


LIABILITIES AND SHAREHOLDERS' EQUITY










Current liabilities:










Short-term borrowings



322,855




455,851




67,184


Accounts payable



335,622




208,002




30,656


Contract liabilities



231,771




358,228




52,796


Accrued expenses and other current liabilities



644,782




726,062




107,008


Accrued payroll and welfare



189,904




234,182




34,514


Amount due to related parties



178,224




174,657




25,741


Total current liabilities



1,903,158




2,156,982




317,899


Non-current liabilities:










Operating lease liabilities, non-current



70,031




78,715




11,601


Deferred tax liabilities



2,352




2,118




312


Total non-current liabilities



72,383




80,833




11,913


TOTAL LIABILITIES



1,975,541




2,237,815




329,812


TOTAL SHAREHOLDERS' EQUITY



3,990,403




4,066,285




599,296


TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY



5,965,944




6,304,100




929,108


 

 

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 June 30,



Six months ended June 30,




2025



2026



2025



2026




RMB



RMB



US$



RMB



RMB



US$


Net revenues



















Net product revenues



4,558,695




6,194,657




912,979




8,822,374




11,924,471




1,757,450


Net service revenues



432,770




414,633




61,109




822,536




844,933




124,528


Operating (expenses) income (1)(2)



















Merchandise costs



(3,957,556)




(5,219,165)




(769,210)




(7,573,472)




(10,035,934)




(1,479,114)


Fulfillment expenses



(413,628)




(542,257)




(79,919)




(841,477)




(1,066,305)




(157,154)


Selling and marketing expenses



(406,870)




(507,938)




(74,861)




(825,728)




(1,001,811)




(147,649)


General and administrative expenses



(77,521)




(95,740)




(14,110)




(140,895)




(175,571)




(25,876)


Research and development expenses



(62,467)




(77,242)




(11,384)




(117,471)




(150,646)




(22,202)


Other operating income, net



17,646




11,340




1,671




17,890




24,471




3,607


Income from operations



91,069




178,288




26,275




163,757




363,608




53,590


Interest expense



(1,743)




(2,168)




(320)




(3,628)




(4,293)




(633)


Interest income



5,580




2,947




434




13,954




6,885




1,015


Other income (loss), net



4,770




(5,738)




(846)




(1,717)




(21,711)




(3,200)


Income before income taxes and share of
loss in equity method investments



99,676




173,329




25,543




172,366




344,489




50,772


Income tax expenses



(17,312)




(24,948)




(3,677)




(23,582)




(43,970)




(6,480)


Share of loss in equity method investments



(10,028)




(19,249)




(2,837)




(33,648)




(36,293)




(5,349)


Net income



72,336




129,132




19,029




115,136




264,226




38,943


Net income per ordinary share:



















Basic



0.45




0.80




0.12




0.72




1.65




0.24


Diluted



0.44




0.80




0.12




0.71




1.65




0.24


Weighted average number of shares used
in calculating net income per ordinary
share



















Basic



161,486,547




161,139,453




161,139,453




160,748,983




160,487,118




160,487,118


Diluted



162,572,624




161,570,852




161,570,852




161,890,426




160,546,055




160,546,055


Net income



72,336




129,132




19,029




115,136




264,226




38,943


Foreign currency translation adjustments



(5,742)




(5,719)




(843)




(6,741)




(12,799)




(1,886)


Total comprehensive income



66,594




123,413




18,186




108,395




251,427




37,057


 

 

ATRENEW INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (CONTINUED)

(Amounts in thousands)




Three months ended June 30,



Six months ended June 30,




2025



2026



2025



2026




RMB



RMB



US$



RMB



RMB



US$


(1) Includes share-based compensation
expenses as follows:



















Fulfillment expenses



(3,981)




(7,626)




(1,124)




(6,338)




(9,371)




(1,381)


Selling and marketing expenses



(1,753)




(4,333)




(639)




(6,190)




(4,975)




(733)


General and administrative expenses



(2,375)




(10,407)




(1,534)




(6,331)




(11,252)




(1,658)


Research and development expenses



(4,234)




(4,894)




(721)




(6,217)




(6,024)




(888)


(2) Includes amortization of intangible
assets resulting from assets and business
acquisitions as follows:



















Selling and marketing expenses



(17,913)




(779)




(115)




(44,392)




(1,559)




(230)


 

 

Unaudited Reconciliations of GAAP and Non-GAAP Results

(Amounts in thousands, except share and per share and otherwise noted)




Three months ended June 30,



Six months ended June 30,




2025



2026



2025



2026




RMB



RMB



US$



RMB



RMB



US$


Income from operations



91,069




178,288




26,275




163,757




363,608




53,590


Add:



















Share-based compensation expenses



12,343




27,260




4,018




25,076




31,622




4,660


Amortization of intangible assets resulting from assets
and business acquisitions



17,913




779




115




44,392




1,559




230


Adjusted income from operations (non-GAAP)



121,325




206,327




30,408




233,225




396,789




58,480


Net income



72,336




129,132




19,029




115,136




264,226




38,943


Add:



















Share-based compensation expenses



12,343




27,260




4,018




25,076




31,622




4,660


Amortization of intangible assets resulting from assets
and business acquisitions



17,913




779




115




44,392




1,559




230


Less:



















Tax effects of amortization of intangible assets resulting
from assets and business acquisitions



(2,687)




(117)




(17)




(6,659)




(234)




(34)


Adjusted net income (non-GAAP)



99,905




157,054




23,145




177,945




297,173




43,799


Adjusted net income per ordinary share (non-GAAP):



















Basic



0.62




0.97




0.14




1.11




1.85




0.27


Diluted



0.61




0.97




0.14




1.10




1.85




0.27


Weighted average number of shares used in
calculating net income per ordinary share



















Basic



161,486,547




161,139,453




161,139,453




160,748,983




160,487,118




160,487,118


Diluted



162,572,624




161,570,852




161,570,852




161,890,426




160,546,055




160,546,055


 

Cision View original content:https://www.prnewswire.com/news-releases/atrenew-inc-reports-unaudited-second-quarter-2026-financial-results-302856220.html

SOURCE ATRenew Inc.

FAQ

How did ATRenew (NYSE:RERE) perform financially in Q2 2026?

ATRenew delivered strong growth in Q2 2026, with total net revenues of RMB6,609.3 million, up 32.4% year-over-year. According to ATRenew, income from operations rose 95.7% to RMB178.3 million and net income increased 78.6% to RMB129.1 million, reflecting improved profitability.

What were ATRenew (RERE) earnings and EPS for the second quarter of 2026?

ATRenew reported Q2 2026 net income of RMB129.1 million, up 78.6% year-over-year. According to ATRenew, adjusted net income was RMB157.1 million. Basic and diluted net income per ordinary share were both RMB0.80, compared with RMB0.45 and RMB0.44 in the prior-year quarter.

What revenue guidance did ATRenew (NYSE:RERE) give for Q3 2026?

For the third quarter of 2026, ATRenew expects total revenues between RMB6,340.0 million and RMB6,440.0 million. According to ATRenew, this range implies year-over-year growth of approximately 23.1% to 25.1% and reflects its current view of market and operational conditions.

How many consumer products did ATRenew (RERE) transact in Q2 2026?

ATRenew transacted 11.6 million consumer products in the second quarter of 2026, compared with 10.3 million a year earlier. According to ATRenew, this metric counts products distributed through its marketplaces and other channels before returns and cancellations, excluding items collected through AHS Recycle.

What is the status of ATRenew (NYSE:RERE) share repurchase program as of June 30, 2026?

ATRenew is executing a share repurchase program of up to US$50 million authorized in June 2025. According to ATRenew, it has repurchased about 3.3 million ADSs for US$14.8 million, leaving roughly US$35.2 million available, and extended the program for 12 months from June 30, 2026.

What was ATRenew (RERE) cash and investment position at June 30, 2026?

ATRenew held RMB2,157.2 million in cash and cash equivalents, restricted cash, short-term investments and funds receivable from third-party payment providers at June 30, 2026. According to ATRenew, this compared with RMB2,187.4 million as of December 31, 2025, indicating a modest decrease over six months.

Did ATRenew (NYSE:RERE) report any ESG or emissions progress in its 2025 report?

Yes. ATRenew’s 2025 ESG Report highlighted a 9.5% reduction in Scope 1 and Scope 2 emissions intensity versus 2024. According to ATRenew, this supports its 2030 target of a 35% reduction from the 2024 baseline and includes expanded integrity training and anti-commercial bribery agreements.