ATRenew Inc.
- Open
- 4.05
- Day high
- 4.12
- Day low
- 4.01
- Prev close
- 4.04
- Volume
- 902K
- Mkt cap
- $903M
- P/E (TTM)
- 19.2
- EPS (TTM)
- $0.21
- P/B
- 1.5
- P/S
- 0.3
- Yield
- 2.43%
- Per share
- $0.10
- ▼Insiders net selling -$19K over the last 3 months (0 open-market buys, 1 sale)
- 🏛Institutions reducing (13F)
ATRenew Inc. (RERE) is a Consumer Cyclical company listed on NYSE. The stock is down 12% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 1 sale (SEC Form 4). Drillr has 2 published research articles covering RERE.
ATRenew Inc. (RERE) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
RERE earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 20, 2026 | $0.09 | $0.10 | +11.1% | $973M | +4.6% |
| May 19, 2026 | $0.07 | $0.08 | +14.3% | $893M | +4.5% |
| Mar 11, 2026 | $0.10 | $0.08 | -20.0% | $882M | -0.5% |
| Nov 20, 2025 | $0.06 | $0.07 | +14.8% | $724M | +0.7% |
| Aug 20, 2025 | $0.05 | $0.06 | +17.6% | $696M | -2.0% |
| May 20, 2025 | $0.05 | $0.05 | +0.0% | $638M | -4.2% |
| Mar 11, 2025 | $0.07 | $0.07 | +0.0% | $664M | +3.7% |
| Nov 20, 2024 | $0.08 | $0.05 | -36.7% | $577M | -12.2% |
| Aug 20, 2024 | $0.05 | $0.04 | -20.0% | $520M | +0.3% |
| May 20, 2024 | $0.05 | $0.01 | -80.0% | $505M | -0.1% |
| Mar 12, 2024 | — | $0.05 | — | $547M | +15.7% |
| Nov 22, 2023 | $0.02 | $0.03 | +82.6% | $446M | -5.7% |
RERE insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 20, 2026 | Chen Chendirector, officer: Chief Financial Officer | Grant | 5,572 | $0.10 |
| Aug 20, 2026 | Chen Chendirector, officer: Chief Financial Officer | Grant | 3,308 | $0.10 |
| Aug 20, 2026 | Wang Yongliangdirector, officer: Executive President | Grant | 37,975 | $0.10 |
| Aug 20, 2026 | Wang Yongliangdirector, officer: Executive President | Grant | 6,985 | $0.10 |
| Aug 20, 2026 | Wang Yongliangdirector, officer: Executive President | Grant | 76,796 | $0.10 |
| Aug 20, 2026 | Wang Yongliangdirector, officer: Executive President | Grant | 7,847 | $0.10 |
| Aug 20, 2026 | Wang Yongliangdirector, officer: Executive President | Grant | 11,578 | $0.10 |
| Aug 20, 2026 | Wang Yongliangdirector, officer: Executive President | Grant | 12,162 | $0.10 |
| Aug 20, 2026 | Chen Chendirector, officer: Chief Financial Officer | Grant | 4,050 | $0.10 |
| Aug 20, 2026 | Chen Chendirector, officer: Chief Financial Officer | Grant | 14,466 | $0.10 |
| Aug 20, 2026 | Chen Chendirector, officer: Chief Financial Officer | Grant | 64,247 | $0.10 |
| Aug 20, 2026 | Wang Yongliangdirector, officer: Executive President | Grant | 5,703 | $0.10 |
| Jun 23, 2026 | Wang Jingbodirector | Option | 10,000 | — |
| Jun 23, 2026 | Wang Jingbodirector | Option | 15,000 | $0.00 |
| Jun 11, 2026 | Zhu Ruidirector | Sell | 4,762 | $4.00 |
Source: RERE SEC Form 4 filings, latest Aug 20, 2026. For informational purposes only — not investment advice.
See the full RERE insider & 13F page →RERE research & analysis
ATRenew, JD.com: Memory Price Inflation Reprices Used Smartphones
ATRenew and JD.com told Q2 2026 calls that memory-driven phone price hikes slowed new-device revenue while lifting used handsets; refurbished revenue rose 87.8%.
01810.HK03997.HKAAPLZTO, ATRenew: China's Ban on Below-Cost Pricing Squeezes Small Operators
ZTO, FlashEX and ATRenew told Q2 2026 calls that below-cost price competition is now a violation; ZTO cut 2026 parcel volume growth to 6-10% from 10-13%.
06919.HKBABAFLX
ATRenew Inc. company profile
Overview
ATRenew Inc. (NYSE:RERE) is a Chinese technology company that operates China's largest pre-owned consumer electronics trading platform. Founded in 2011 and originally known as AiHuiShou International Co. Ltd., the company went public on the New York Stock Exchange in June 2021. Headquartered in Shanghai, ATRenew has established itself as a leading player in China's circular economy, facilitating the buying, selling, and recycling of used consumer electronics through both online platforms and an extensive network of physical stores across more than 260 cities in China.
Business
ATRenew operates in the circular economy sector, specifically focusing on pre-owned consumer electronics transactions and recycling services. The circular economy represents a sustainable economic model that emphasizes reusing, refurbishing, and recycling products rather than following the traditional linear "take-make-dispose" approach. This model is particularly relevant for consumer electronics, which contain valuable materials and components that can be recovered and reused. The company's core business revolves around facilitating transactions of used consumer electronics, primarily smartphones, but also including laptops, tablets, drones, digital cameras, household products, and bags. ATRenew operates through multiple channels and business segments: 1. First-Party (1P) Business - ATRenew directly purchases used electronics from consumers, refurbishes them when necessary, and resells them to end customers. This segment represents the majority of the company's revenue, accounting for approximately 85-90% of total revenues based on recent financial data. 2. Marketplace/Platform Business - The company operates an online marketplace where third-party merchants can sell pre-owned electronics. ATRenew earns commission fees from these transactions, with a current take rate of approximately 5.36%. This segment contributes roughly 10-15% of total revenues. 3. Multi-Category Recycling Services - Beyond electronics, ATRenew has expanded into recycling luxury goods, watches, gold, and other valuable items. This newer segment contributed 8.6% of total service revenue in 2024, up from 2.3% in 2023. 4. Trade-in and Compliance Services - The company provides trade-in services for major brands like Apple and partners with e-commerce platforms like JD.com to facilitate device upgrades for consumers. ATRenew operates both online through its digital platforms and offline through an extensive network of AHS (AiHuiShou) stores - physical locations where consumers can bring their used electronics for evaluation, sale, or trade-in. As of 2024, the company operated over 1,600 AHS stores nationwide.
Revenue model
ATRenew generates revenue through multiple complementary business models, with the majority coming from direct product sales in its first-party business. In the 1P model, ATRenew purchases used electronics directly from consumers at wholesale prices, then resells them to end customers at retail prices, capturing the margin difference. The company's gross margin on 1P business has improved from 10.6% to 12.5% over recent periods, indicating better pricing power and operational efficiency. The company also earns commission fees from its marketplace business, where third-party merchants pay ATRenew a percentage of transaction value (currently around 5.36% take rate) for using the platform's services, including customer acquisition, payment processing, and logistics support. Service revenues, which include marketplace commissions and other value-added services, contribute approximately 10-15% of total revenues. ATRenew's customers fall into two main categories: individual consumers selling their used devices (supply side) and consumers or businesses purchasing refurbished electronics (demand side). The company has also developed B2B relationships with major technology companies like Apple and JD.com for trade-in services. Several factors influence ATRenew's margins and profitability. Positive margin drivers include the growing consumer acceptance of refurbished electronics due to cost savings, government policies promoting circular economy practices, the company's improving automated quality inspection technology that reduces processing costs, and the expansion into higher-margin multi-category recycling services. Negative margin pressures come from intense competition in the used electronics market, the need for continuous investment in store network expansion and technology infrastructure, fluctuating supply and demand dynamics for specific device models, and potential economic downturns that could reduce consumer spending on electronics. The company's fulfillment and logistics costs, which have decreased from 13.7% of revenue in 2020 to around 8-9% currently, represent another key margin driver that management continues to optimize.
Competitive moat
ATRenew's competitive moat is moderately strong but faces several challenges. The company's primary advantages stem from its extensive physical store network of over 1,600 locations, which creates significant barriers to entry for competitors seeking to replicate this offline presence. This network provides ATRenew with superior supply acquisition capabilities, as consumers prefer the convenience and trust of dealing with physical locations when selling valuable electronics. The company has also built valuable data and technology assets through years of operations, including automated quality inspection systems, pricing algorithms, and inventory management capabilities that help optimize margins and operational efficiency. ATRenew's partnerships with major brands like Apple and platforms like JD.com provide additional competitive advantages through exclusive or preferred access to trade-in programs. However, the moat faces significant competitive pressures. The pre-owned electronics market has relatively low switching costs for both buyers and sellers, making customer retention challenging. Large e-commerce platforms like Alibaba's Taobao and JD.com could potentially integrate similar services directly into their ecosystems, leveraging their massive user bases and logistics networks. Additionally, smartphone manufacturers are increasingly developing their own trade-in and recycling programs, potentially bypassing third-party services like ATRenew. The company's expansion into multi-category recycling (luxury goods, gold, watches) represents an attempt to diversify and strengthen its moat, but these markets are also highly competitive with established players. While ATRenew currently benefits from being a market leader in China's organized pre-owned electronics sector, the relatively fragmented nature of the industry and the potential for well-capitalized competitors to enter suggests the moat is sustainable but not impregnable. The company's success will likely depend on continued execution of its expansion strategy and maintaining technological and operational advantages over competitors.
Risks & safety
ATRenew demonstrates a strong financial safety profile with solid liquidity and manageable debt levels, though profitability remains inconsistent. **Liquidity and Solvency:** - Cash and short-term investments: RMB 268.5 million ($37+ million USD) - Current ratio: 3.19x, indicating strong ability to meet short-term obligations - Quick ratio: 2.78x, showing excellent liquidity even excluding inventory - Debt-to-equity ratio: 0.096 (very low debt burden) - No significant solvency risk given strong balance sheet **Profitability and Cash Generation:** - 2024 operating cash flow: RMB 87.6 million positive - Free cash flow: RMB 79.4 million positive - Net income volatility: profitable in Q4 2024 (RMB 10.6M) but losses in earlier quarters - EBITDA positive for full year 2024: RMB 49.4 million **Valuation Metrics:** - P/E ratio: 24.6x (based on Q4 2024 positive earnings) - EV/EBITDA: 9.6x (reasonable for growth company) - Price-to-book: 2.07x - Graham Net-Net: 5.88 (suggesting potential undervaluation) **Other Considerations:** - Share buyback program demonstrates management confidence - Light asset model requires modest capital expenditure - Exposure to Chinese consumer spending and regulatory environment
Recent development
Over the past few years, ATRenew has executed several strategic initiatives to diversify its business model and strengthen its market position. The company has significantly expanded its multi-category recycling services beyond electronics, achieving 270% year-over-year growth in transaction value for luxury goods, watches, and gold recycling. This service is now available in 673 AHS stores, up from just 252 stores previously. A major strategic pivot has been the increased focus on direct-to-consumer retail sales (1PtoC), which grew from 17% to 29% of total product revenues in 2024. Management aims to increase this to 50% as part of their strategy to capture higher margins by selling directly to end consumers rather than wholesaling to other retailers. The company has also strengthened its partnership ecosystem, particularly with JD.com for trade-in services and Apple for official recycling programs. These partnerships have driven significant growth, with trade-in services doubling year-over-year and showing 246% growth during major shopping events like Singles Day. ATRenew has made substantial investments in technology and automation, implementing AI applications for quality inspection, compliance checks, and pricing optimization. The company plans to expand AI usage into intelligent customer service and more sophisticated operational processes. Looking forward, management has announced ambitious expansion plans to establish 5,000 stores and 5,000 two-door service team members within three years, representing a significant scaling of their physical presence. For 2025 specifically, they plan to add 800 new stores and 1,000 two-door staff members while increasing brand marketing investments on platforms like Douyin and Xiaohongshu to build the AHS Recycle brand awareness.
RERE company profile · for informational purposes only — not investment advice.
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