Cash flow ATRenew Inc.

Equities

RERE

US00138L1089

Department Stores

Market Closed - Nyse Other stock markets 20:00:02 13/03/2026 GMT			5-day change	1st Jan Change
5.650 ^USD	+0.89%		+7.41%	+6.60%

03-11	ATRenew Shares Drop After Q4 Results	MT
03-11	ATRenew Inc., Q4 2025 Earnings Call, Mar 11, 2026

470c5adf1010b5.DYET0_bY0_HKV02Zbl1oyzygqqD_vbRB6SdcOLDXVa8.a8cqpYa866j9MSbGXwoKvEvUx_jL9uYij0gmSMCxYedZzVmbsfWVpvhhDA

Published financial data: ATRENEW INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	4.86B	7.78B	9.87B	12.97B	16.33B
Total Revenues	4.86B	7.78B	9.87B	12.97B	16.33B
Cost of Goods Sold, Total	3.61B	5.74B	7.6B	10.34B	13.09B
Gross Profit	1.25B	2.04B	2.27B	2.63B	3.24B
Selling General & Admin Expenses, Total	1.58B	2.7B	2.89B	2.64B	3.06B
R&D Expenses	152M	265M	228M	196M	210M
Other Operating Expenses	-29.4M	-26.95M	-41.24M	-36.26M	-53.43M
Other Operating Expenses, Total	1.71B	2.94B	3.08B	2.8B	3.21B
Operating Income	-459M	-895M	-804M	-173M	28.97M
Interest Expense, Total	-21.09M	-16.78M	-6.16M	-7.06M	-15.02M
Interest And Investment Income	9.32M	8.37M	17.78M	37.88M	26.86M
Net Interest Expenses	-11.77M	-8.41M	11.62M	30.82M	11.84M
Income (Loss) On Equity Invest.	-7.53M	-6.56M	-6.47M	-50.37M	-64.66M
Other Non Operating Income (Expenses)	-36.37M	-22.24M	87.41M	-1.11M	-5.66M
EBT, Excl. Unusual Items	-514M	-932M	-711M	-194M	-29.51M
Impairment of Goodwill	-	-	-1.82B	-	-
Gain (Loss) On Sale Of Investments	-3.5M	-28.13M	-48.62M	-4.77M	-35.59M
EBT, Incl. Unusual Items	-518M	-960M	-2.58B	-199M	-65.11M
Income Tax Expense	-47.32M	-144M	-112M	-42.53M	-56.88M
Earnings From Continuing Operations	-471M	-817M	-2.47B	-156M	-8.23M
Net Income to Company	-471M	-817M	-2.47B	-156M	-8.23M
Net Income - (IS)	-471M	-817M	-2.47B	-156M	-8.23M
Preferred Dividend and Other Adjustments	1.3B	509M	-	-	-
Net Income to Common Incl Extra Items	-1.78B	-1.33B	-2.47B	-156M	-8.23M
Net Income to Common Excl. Extra Items	-1.78B	-1.33B	-2.47B	-156M	-8.23M
Per Share Items
Net EPS - Basic	-63.01	-9.17	-10.11	-0.64	-0.03
Basic EPS - Continuing Operations	-63.01	-9.17	-10.11	-0.64	-0.03
Basic Weighted Average Shares Outstanding	28.17M	144M	244M	243M	242M
Net EPS - Diluted	-63.01	-9.17	-10.11	-0.64	-0.03
Diluted EPS - Continuing Operations	-63.01	-9.17	-10.11	-0.64	-0.03
Diluted Weighted Average Shares Outstanding	28.17M	144M	244M	243M	242M
Normalized Basic EPS	-11.41	-4.03	-1.82	-0.5	-0.08
Normalized Diluted EPS	-11.41	-4.03	-1.82	-0.5	-0.08
American Depositary Receipts Ratio (ADR)	0.67	0.67	0.67	0.67	0.67
Supplemental Items
EBITDA	-98M	-521M	-398M	160M	296M
EBITA	-144M	-577M	-479M	101M	243M
EBIT	-459M	-895M	-804M	-173M	28.97M
EBITDAR	-10.32M	-421M	-275M	283M	439M
Effective Tax Rate - (Ratio)	9.14	14.98	4.33	21.4	87.36
Total Current Taxes	-	-	43K	1.12M	1.54M
Total Deferred Taxes	-47.32M	-144M	-112M	-43.65M	-58.41M
Normalized Net Income	-322M	-583M	-444M	-121M	-18.45M
Supplemental Operating Expense Items
Advertising Expense	19.1M	82.34M	82.92M	125M	122M
Selling and Marketing Expenses	741M	1.21B	1.54B	1.25B	1.37B
General and Administrative Expenses	89.86M	333M	107M	143M	164M
Research And Development Expense From Footnotes	152M	265M	228M	196M	210M
Net Rental Expense, Total	87.68M	100M	123M	123M	143M
Imputed Operating Lease Interest Expense	30.91M	35.03M	32.92M	22.74M	45.21M
Imputed Operating Lease Depreciation	56.78M	65.41M	90.4M	100M	97.96M
Stock-Based Comp., R&D Exp. (Total)	-	36.6M	22.03M	20.62M	17.6M
Stock-Based Comp., S&M Exp. (Total)	-	38.46M	36.1M	17.24M	68.86M
Stock-Based Comp., G&A Exp. (Total)	-	317M	71.7M	73.16M	59.63M
Stock-Based Comp., SG&A Exp. (Total)	-	59.58M	44.41M	23.39M	20.65M
Stock-Based Comp., Other (Total)	-	3M	-	-	-
Total Stock-Based Compensation	-	455M	174M	134M	167M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	918M	1.36B	1.7B	1.98B	1.97B
Short Term Investments	115M	537M	818M	452M	644M
Total Cash And Short Term Investments	1.03B	1.89B	2.52B	2.43B	2.61B
Accounts Receivable, Total	12.34M	16.29M	148M	40.76M	43.3M
Other Receivables	332M	552M	267M	243M	258M
Notes Receivable	35.48M	-	-	-	134M
Total Receivables	379M	568M	416M	283M	436M
Inventory	177M	479M	433M	1.02B	535M
Restricted Cash	-	150M	-	210M	132M
Other Current Assets, Total	285M	1.06B	519M	585M	453M
Total Current Assets	1.87B	4.15B	3.89B	4.53B	4.17B
Gross Property Plant And Equipment	172M	311M	363M	348M	534M
Accumulated Depreciation	-102M	-137M	-166M	-200M	-250M
Net Property Plant And Equipment	69.56M	173M	197M	148M	284M
Long-term Investments	96.36M	242M	220M	467M	556M
Goodwill	1.8B	1.8B	-	-	-
Other Intangibles, Total	1.37B	1.08B	545M	271M	56.6M
Other Long-Term Assets, Total	14.52M	57.71M	197M	80.41M	24.27M
Total Assets	5.23B	7.5B	5.05B	5.49B	5.09B
Liabilities
Accounts Payable, Total	27.2M	41.31M	73.34M	532M	171M
Accrued Expenses, Total	115M	106M	132M	146M	180M
Short-term Borrowings	533M	73.31M	124M	350M	225M
Current Portion of Long-Term Debt	29.91M	30.3M	-	-	-
Current Portion of Leases	-	35.95M	46.43M	33.51M	49.99M
Current Income Taxes Payable	45.51M	38.21M	90.41M	69.42M	95.73M
Unearned Revenue Current, Total	33.88M	212M	195M	120M	98.83M
Other Current Liabilities	398M	288M	360M	440M	486M
Total Current Liabilities	1.18B	825M	1.02B	1.69B	1.31B
Long-Term Debt	32.62M	-	-	-	-
Long-Term Leases	-	34.5M	33.52M	22.5M	79.93M
Deferred Tax Liability Non Current	342M	223M	111M	67.66M	9.24M
Total Liabilities	1.56B	1.08B	1.17B	1.78B	1.4B
Preferred Stock Convertible	8.88B	-	-	-	-
Total Preferred Equity	8.88B	-	-	-	-
Common Stock, Total	11K	921K	921K	921K	953K
Additional Paid In Capital	-	12.95B	13.13B	13.27B	13.36B
Retained Earnings	-5.21B	-6.54B	-9.01B	-9.16B	-9.17B
Treasury Stock	-	-	-218M	-378M	-484M
Comprehensive Income and Other	2.08M	4.32M	-25.71M	-16.82M	-9.47M
Total Common Equity	-5.21B	6.42B	3.88B	3.71B	3.69B
Total Equity	3.67B	6.42B	3.88B	3.71B	3.69B
Total Liabilities And Equity	5.23B	7.5B	5.05B	5.49B	5.09B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	28.17M	226M	224M	219M	223M
ECS Total Common Shares Outstanding	28.17M	226M	224M	219M	223M
Book Value / Share	-184.98	28.36	17.34	16.91	16.54
Tangible Book Value	-8.38B	3.54B	3.34B	3.44B	3.64B
Tangible Book Value Per Share	-297.54	15.64	14.91	15.68	16.29
Total Debt	596M	174M	204M	406M	355M
Net Debt	-438M	-1.72B	-2.32B	-2.02B	-2.26B
Debt Equivalent Oper. Leases	701M	804M	987M	983M	1.15B
Equity Method Investments, Total	13.35M	96.17M	91.99M	131M	154M
Account Code - Inventory Valuation	-	8	8	8	8
Buildings, Total	-	-	-	-	24.52M
Machinery, Total	88.27M	121M	144M	173M	215M
Full Time Employees	2.39K	2.5K	2.02K	2.06K	2.1K
Accumulated Allowance for Doubtful Accounts (Supple)	-	935K	2.36M	16.05M	17.81M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-471M	-817M	-2.47B	-156M	-8.23M
Depreciation & Amortization - CF	45.66M	55.95M	81.17M	59.71M	53.04M
Amortization of Goodwill and Intangible Assets - (CF)	315M	318M	324M	274M	214M
Depreciation & Amortization, Total	361M	374M	405M	334M	267M
(Gain) Loss From Sale Of Asset	2.65M	658K	1.89M	5.35M	3.76M
(Gain) Loss on Sale of Investments - (CF)	3.5M	28.24M	48.62M	4.77M	35.59M
Asset Writedown & Restructuring Costs	6.45M	-	2.1B	-	-
Provision for Credit Losses	-	2.09M	-	-	-
(Income) Loss On Equity Investments - (CF)	7.53M	6.56M	6.47M	50.37M	64.66M
Stock-Based Compensation (CF)	-	455M	174M	134M	167M
Provision and Write-off of Bad Debts	12.7M	-	5.87M	24.67M	13.15M
Other Operating Activities, Total	34.74M	59.36M	14.07M	103M	67.33M
Change In Inventories	-111M	-304M	36.41M	-629M	462M
Change In Accounts Payable	-8.54M	14.11M	14.47M	459M	-361M
Change in Unearned Revenues	-	178M	-16.6M	-75.65M	-20.88M
Change In Deferred Taxes	-47.32M	-144M	-112M	-43.65M	-58.41M
Change in Other Net Operating Assets	-203M	-871M	673M	33.71M	11.42M
Cash from Operations	-413M	-1.02B	881M	244M	643M
Capital Expenditure	-37.84M	-73.92M	-61.46M	-85.18M	-59.86M
Sale of Property, Plant, and Equipment	12.73M	2.9M	5.52M	1.24M	1.52M
Cash Acquisitions	-	-	29.87M	-	-
Investment in Marketable and Equity Securities, Total	5.8M	-629M	-304M	249M	-362M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-4M	-7M	6.47M	-10.3M
Other Investing Activities, Total	37.93M	33.62M	-180M	0	6.05M
Cash from Investing	18.62M	-670M	-517M	172M	-424M
Short Term Debt Issued, Total	764M	254M	186M	624M	845M
Long-Term Debt Issued, Total	65.2M	-	-	-	-
Total Debt Issued	829M	254M	186M	624M	845M
Short Term Debt Repaid, Total	-595M	-561M	-157M	-398M	-970M
Long-Term Debt Repaid, Total	-	-	-	-	-
Total Debt Repaid	-595M	-561M	-157M	-398M	-970M
Issuance of Common Stock	-	1.49B	2.86M	2.82M	1.52M
Repurchase of Common Stock	-	-	-218M	-160M	-184M
Issuance of Preferred Stock	698M	1.14B	-	-	-
Other Financing Activities, Total	-1.78M	-30.2M	-	-	-
Cash from Financing	930M	2.29B	-186M	68.7M	-308M
Foreign Exchange Rate Adjustments	-28.43M	-12.99M	18.41M	2.46M	1.29M
Net Change in Cash	507M	588M	197M	487M	-88.01M
Supplemental Items
Cash Interest Paid	21.09M	16.78M	6.16M	7.06M	15.02M
Levered Free Cash Flow	-49.4M	-1.17B	1.06B	-1.07M	647M
Unlevered Free Cash Flow	-36.22M	-1.16B	1.06B	3.34M	656M
Change In Net Working Capital	72.43M	1.35B	-1.05B	271M	-264M
Net Debt Issued / Repaid	234M	-307M	29.01M	226M	-125M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-5.73	-8.79	-8	-2.06	0.34
Return on Total Capital	-6.94	-10.3	-9.41	-2.64	0.44
Return On Equity %	-12.88	-16.19	-47.91	-4.12	-0.22
Return on Common Equity	41.04	-219.26	-47.91	-4.12	-0.22
Margin Analysis
Gross Profit Margin %	25.68	26.28	23.03	20.26	19.85
SG&A Margin	32.61	34.73	29.28	20.37	18.72
EBITDA Margin %	-2.02	-6.7	-4.04	1.24	1.81
EBITA Margin %	-2.96	-7.42	-4.86	0.78	1.49
EBIT Margin %	-9.44	-11.5	-8.14	-1.34	0.18
Income From Continuing Operations Margin %	-9.69	-10.5	-25.01	-1.2	-0.05
Net Income Margin %	-9.69	-10.5	-25.01	-1.2	-0.05
Net Avail. For Common Margin %	-36.54	-17.03	-25.01	-1.2	-0.05
Normalized Net Income Margin	-6.62	-7.49	-4.5	-0.94	-0.11
Levered Free Cash Flow Margin	-1.02	-15	10.73	-0.01	3.96
Unlevered Free Cash Flow Margin	-0.75	-14.86	10.77	0.03	4.02
Asset Turnover
Asset Turnover	0.97	1.22	1.57	2.46	3.09
Fixed Assets Turnover	57.57	64.03	53.27	97.19	66.85
Receivables Turnover (Average Receivables)	707.47	543.52	119.95	137.19	388.52
Inventory Turnover (Average Inventory)	29.77	17.49	16.66	14.25	16.86
Short Term Liquidity
Current Ratio	1.58	5.03	3.81	2.68	3.19
Quick Ratio	1.16	2.99	2.87	1.6	2.23
Operating Cash Flow to Current Liabilities	-0.35	-1.23	0.86	0.14	0.49
Days Sales Outstanding (Average Receivables)	0.52	0.67	3.04	2.66	0.94
Days Outstanding Inventory (Average Inventory)	12.29	20.87	21.91	25.61	21.71
Average Days Payable Outstanding	3.09	2.07	2.77	10.12	10.22
Cash Conversion Cycle (Average Days)	9.72	19.47	22.19	18.15	12.43
Long Term Solvency
Total Debt/Equity	16.24	2.71	5.25	10.94	9.61
Total Debt / Total Capital	13.97	2.64	4.99	9.86	8.76
LT Debt/Equity	0.89	0.54	0.86	0.61	2.16
Long-Term Debt / Total Capital	0.77	0.52	0.82	0.55	1.97
Total Liabilities / Total Assets	29.81	14.43	23.12	32.43	27.43
EBIT / Interest Expense	-21.75	-53.35	-130.41	-24.57	1.93
EBITDA / Interest Expense	-4.65	-25.09	-44.62	40.14	29.25
(EBITDA - Capex) / Interest Expense	-6.44	-29.49	-54.59	28.07	25.26
Total Debt / EBITDA	-6.08	-0.41	-0.74	1.43	0.81
Net Debt / EBITDA	4.47	4.09	8.43	-7.15	-5.14
Total Debt / (EBITDA - Capex)	-4.39	-0.35	-0.61	2.05	0.94
Net Debt / (EBITDA - Capex)	3.22	3.48	6.89	-10.22	-5.95
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	23.56	60.15	26.85	31.37	25.93
Gross Profit, 1 Yr. Growth %	65.17	63.88	11.15	15.58	23.41
EBITDA, 1 Yr. Growth %	-80.29	469.46	-23.59	-140.27	84.57
EBITA, 1 Yr. Growth %	-73.16	320.74	-16.94	-121	141.35
EBIT, 1 Yr. Growth %	-37.31	97.88	-10.2	-78.43	-116.71
Earnings From Cont. Operations, 1 Yr. Growth %	-33.24	73.51	202.24	-93.67	-94.73
Net Income, 1 Yr. Growth %	-33.24	73.51	202.24	-93.67	-94.73
Normalized Net Income, 1 Yr. Growth %	-29.56	83.52	-23.72	-72.72	-84.79
Diluted EPS Before Extra, 1 Yr. Growth %	12.15	-85.44	10.17	-93.64	-94.72
Accounts Receivable, 1 Yr. Growth %	782.4	32.08	809.98	-72.51	6.22
Inventory, 1 Yr. Growth %	169.98	170.49	-9.46	134.66	-47.4
Net Property, Plant and Equip., 1 Yr. Growth %	-29.89	149.35	13.61	24.98	39.28
Total Assets, 1 Yr. Growth %	9.21	43.56	-32.71	8.8	-7.32
Tangible Book Value, 1 Yr. Growth %	21.05	-142.24	-5.77	3.11	5.73
Common Equity, 1 Yr. Growth %	51.55	-223.19	-39.54	-4.38	-0.46
Cash From Operations, 1 Yr. Growth %	0.5	146.56	-186.57	-72.33	163.56
Capital Expenditures, 1 Yr. Growth %	-63.37	95.35	-16.85	38.59	-29.73
Levered Free Cash Flow, 1 Yr. Growth %	-85.99	2.47K	-191.41	-100.1	-60.67K
Unlevered Free Cash Flow, 1 Yr. Growth %	-89.5	3.49K	-192.58	-99.69	19.54K
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	22.05	40.67	42.53	29.09	28.63
Gross Profit, 2 Yr. CAGR %	64.68	64.52	34.96	13.34	19.43
EBITDA, 2 Yr. CAGR %	-33.01	2.4	108.59	-44.53	-13.79
EBITA, 2 Yr. CAGR %	-21.45	3.86	86.94	-66.46	-28.81
EBIT, 2 Yr. CAGR %	33.75	10.59	33.3	-55.99	-81.02
Earnings From Cont. Operations, 2 Yr. CAGR %	50.44	7.63	129	-56.26	-94.23
Net Income, 2 Yr. CAGR %	50.44	7.63	129	-56.26	-94.23
Normalized Net Income, 2 Yr. CAGR %	58.64	12.99	18.32	-54.38	-79.63
Diluted EPS Before Extra, 2 Yr. CAGR %	29.93	-59.59	-59.95	-73.54	-94.21
Accounts Receivable, 2 Yr. CAGR %	40.9	241.39	246.68	58.17	-45.96
Inventory, 2 Yr. CAGR %	53.39	170.24	56.49	45.76	11.1
Net Property, Plant and Equip., 2 Yr. CAGR %	1.49	32.22	68.31	-7.56	54.84
Total Assets, 2 Yr. CAGR %	106.09	25.21	-1.71	-14.43	0.41
Tangible Book Value, 2 Yr. CAGR %	111.46	-28.49	-36.91	-1.43	4.41
Common Equity, 2 Yr. CAGR %	67.58	36.64	-13.7	-23.97	-2.44
Cash From Operations, 2 Yr. CAGR %	7.39	57.42	46.1	-51.05	-14.6
Capital Expenditures, 2 Yr. CAGR %	-23.28	-15.41	27.45	7.35	-1.32
Levered Free Cash Flow, 2 Yr. CAGR %	-	81.9	383.06	-96.96	-21.83
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	83.1	474.54	-94.6	-21.4
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	33.62	35.9	38.71	28.03
Gross Profit, 3 Yr. CAGR %	-	64.42	44.36	28.17	16.6
EBITDA, 3 Yr. CAGR %	-	33.66	-7.12	20.55	-17.19
EBITA, 3 Yr. CAGR %	-	35.35	-3.6	-9.8	-35.25
EBIT, 3 Yr. CAGR %	-	51.69	3.17	-27.36	-68.13
Earnings From Cont. Operations, 3 Yr. CAGR %	-	57.77	51.85	-30.76	-78.4
Net Income, 3 Yr. CAGR %	-	57.77	51.85	-30.76	-78.4
Normalized Net Income, 3 Yr. CAGR %	-	65.84	-0.88	-27.45	-68.37
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-37.36	-43.55	-78.32	-84.53
Accounts Receivable, 3 Yr. CAGR %	-	37.89	373.34	48.94	38.51
Inventory, 3 Yr. CAGR %	-	85.32	87.69	79.12	3.78
Net Property, Plant and Equip., 3 Yr. CAGR %	-	36.94	25.7	28.68	17.91
Total Assets, 3 Yr. CAGR %	-	82.69	1.8	1.67	-12.13
Tangible Book Value, 3 Yr. CAGR %	-	23.62	-21.6	-25.68	0.9
Common Equity, 3 Yr. CAGR %	-	51.25	4.12	-10.7	-16.82
Cash From Operations, 3 Yr. CAGR %	-	41.67	28.97	-16.09	-14.21
Capital Expenditures, 3 Yr. CAGR %	-	4.77	-15.9	31.06	-6.79
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	44.26	-71.34	-17.64
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	45.5	-53	-17
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	31.79	32.94
Gross Profit, 5 Yr. CAGR %	-	-	-	41.68	33.82
EBITDA, 5 Yr. CAGR %	-	-	-	-5.98	-9.85
EBITA, 5 Yr. CAGR %	-	-	-	-15.43	-14.61
EBIT, 5 Yr. CAGR %	-	-	-	-7.54	-47.58
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-5.56	-58.94
Net Income, 5 Yr. CAGR %	-	-	-	-5.56	-58.94
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-1.04	-47.36
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-55.62	-77.29
Accounts Receivable, 5 Yr. CAGR %	-	-	-	45.67	98.69
Inventory, 5 Yr. CAGR %	-	-	-	68.35	52.18
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	17.02	23.44
Total Assets, 5 Yr. CAGR %	-	-	-	34.88	1.24
Tangible Book Value, 5 Yr. CAGR %	-	-	-	12.91	-12.08
Common Equity, 5 Yr. CAGR %	-	-	-	14.87	1.44
Cash From Operations, 5 Yr. CAGR %	-	-	-	-7.39	9.37
Capital Expenditures, 5 Yr. CAGR %	-	-	-	5.79	-10.34
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	12.9
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	13.73