Financials ATRenew Inc.

Equities

Market Closed - Nyse Other stock markets 21:00:03 06/02/2026 GMT			5-day change	1st Jan Change
5.860 ^USD	+4.27%		-0.34%	+10.57%

11-20	ATRenew Inc., Q3 2025 Earnings Call, Nov 20, 2025
11-20	ATRenew Inc. Provides Revenue Guidance for the Full Year 2025	CI

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	-	7,780	9,869	12,966	16,328	20,911	26,127	32,047
Change	-	-	26.85%	31.37%	25.93%	28.06%	24.94%	22.66%
EBITDA ¹	-	-521.3	412.3	-	-	519.2	805.6	1,076
Change	-	-	179.09%	-	-	-	55.16%	33.56%
EBIT ¹	-	-895.1	6.904	251.7	409.7	481.4	772.6	1,123
Change	-	-	100.77%	3,546.31%	62.76%	17.48%	60.51%	45.39%
Interest Paid ¹	-	-16.78	-6.163	-	-15.02	-6.033	-7.567	-12
Earnings before Tax (EBT) ¹	-	-953.8	-2,573	-148.4	-0.442	381.6	693.9	1,038
Change	-	-	-169.78%	94.23%	99.7%	86,438.8%	81.84%	49.63%
Net income ¹	-470.6	-1,325	-2,468	-156.2	-8.229	295.5	584	865.6
Change	-	-181.58%	-86.23%	93.67%	94.73%	3,691.29%	97.63%	48.21%
Announcement Date	28/05/21	10/03/22	13/03/23	12/03/24	11/03/25	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	1,868	1,962	2,436	2,207	2,146	2,536	2,981	2,872	2,964	3,651	3,777	4,051	4,849	4,653	4,991	5,149	6,120
Change	-	5.06%	24.13%	-9.41%	-2.75%	18.19%	17.55%	-3.67%	3.2%	23.2%	3.44%	7.27%	19.7%	-4.04%	7.26%	3.16%	18.86%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	-507.3	-28.51	-125.9	-134.8	-42.28	10.77	34.56	-	-	80.22	94.07	104	131.4	111.9	121.3	140.3	159
Change	-	94.38%	-341.6%	-7.07%	68.63%	125.46%	221.06%	-	-	-	17.26%	10.59%	26.33%	-14.85%	8.42%	15.6%	13.36%
Charge d'intérêts ¹	-	-	-	-	-	-	-	-	-	-3.978	-4.739	-3.615	-2.684	-1.885	-1.743	-1.258	-1.2
Earnings before Tax (EBT) ¹	-	-	-	-	-	-	-	-	-	-82.21	-4.956	30	56.72	72.69	99.68	125.2	145
Change	-	-	-	-	-	-	-	-	-	-	93.97%	705.39%	89.04%	28.16%	37.12%	25.57%	15.85%
Net income ¹	-	-	-	-	-	-	-	-	-	-92.86	-10.67	17.88	77.42	42.8	72.34	90.82	113.8
Change	-	-	-	-	-	-	-	-	-	-	88.51%	267.55%	332.95%	-44.72%	69.01%	25.55%	25.31%
Announcement Date	17/08/21	18/11/21	10/03/22	24/05/22	24/08/22	22/11/22	13/03/23	23/05/23	23/08/23	20/05/24	20/08/24	20/11/24	11/03/25	20/05/25	20/08/25	20/11/25	-

¹CNY in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt	-	-1,261	-1,580	-	-	-	-	-
Change	-	-	-25.3%	-	-	-	-	-
Announcement Date	28/05/21	10/03/22	13/03/23	12/03/24	11/03/25	-	-	-

Estimates

Fiscal Period: December	2021	2022	2025	2026	2027
CAPEX ¹	73.92	61.46	87.66	99	110.5
Change	-	-16.85%	-	12.94%	11.62%
Free Cash Flow (FCF) ¹	-1,092	819.8	-	-	-
Change	-	175.08%	-	-	-
Announcement Date	10/03/22	13/03/23	-	-	-

¹CNY in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-6.7%	4.18%	-	-	2.48%	3.08%	3.36%
EBIT Margin (%)	-	-11.5%	0.07%	1.94%	2.51%	2.3%	2.96%	3.51%
EBT Margin (%)	-	-12.26%	-26.07%	-1.14%	-0%	1.82%	2.66%	3.24%
Net margin (%)	-	-17.03%	-25.01%	-1.21%	-0.05%	1.41%	2.24%	2.7%
FCF margin (%)	-	-14.03%	8.31%	-	-	-	-	-
FCF / Net Income (%)	-	82.4%	-33.22%	-	-	-	-	-
Profitability
ROA	-	-2.65%	-39.32%	-2.96%	-	4.96%	9.1%	11.6%
ROE	-	-27.93%	-23.96%	-4.12%	-	8.77%	13.79%	17.02%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	0.95%	0.62%	-	-	0.42%	0.38%	0.34%
CAPEX / EBITDA (%)	-	-14.18%	14.91%	-	-	16.88%	12.29%	10.27%
CAPEX / FCF (%)	-	-6.77%	7.5%	-	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	1.14	2.01	3.13
Change	-	-	-	-	-	-	76.32%	55.72%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	44.44	-	-	-	18.02	20.22	23.22
Change	-	-	-	-	-	-	12.21%	14.87%
EPS ¹	-63.01	-9.173	-10.11	-	-0.0482	1.305	2.594	3.71
Change	-	85.44%	-10.18%	-	-	2,805.78%	98.81%	42.99%
Nbr of stocks (in thousands)	-	220,407	226,415	-	219,484	223,311	223,311	223,311
Announcement Date	28/05/21	10/03/22	13/03/23	-	11/03/25	-	-	-