ATRenew Inc. (RERE) Balance Sheet

NYSE: REREAssets, liabilities, debt and equity over 8 years.

RERE balance sheet, 2025

December 31, 2025 · Chinese yuan

CN¥5.97B assets = CN¥1.98B liabilities + CN¥3.99B equity

Both columns are drawn to the same scale: what RERE owns equals what it owes plus shareholders’ equity. Hover a block for its value.

RERE financial health

Current ratio2.49

Comfortable · current assets cover current liabilities 2.49×

Debt / equity0.10

Low leverage · CN¥0.10 of debt for each $1 of equity

Equity / assets66.9%

Equity-funded · of assets funded by shareholders

Cash / debt459.6%

Cash covers debt · cash & short-term investments vs total debt

Goodwill & intangibles0.2%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

RERE balance sheet trends, 2018–2025

ATRenew Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	CN¥1.23B2018	CN¥5.97B2025	+25.3%/yr
Total liabilities	CN¥3.09B2018	CN¥1.98B2025	−6.2%/yr
Shareholders’ equity	−CN¥1.86B2018	CN¥3.99B2025	—
Cash & short-term investments	CN¥673.1M2018	CN¥1.81B2025	+15.1%/yr
Total debt	CN¥333.7M2018	CN¥393.1M2025	+2.4%/yr
Net cash (debt)	CN¥339.5M2018	CN¥1.41B2025	+CN¥1.1B
Working capital	CN¥468.8M2018	CN¥2.84B2025	+CN¥2.4B
Current ratio	1.792018	2.492025	+0.70
Debt / equity	0.032021	0.102025	+0.07
Shares outstanding	29.1M2018	364.9M2025	+43.5%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

RERE assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

RERE liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

RERE debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

RERE balance sheet in Chinese yuan

ATRenew Inc. annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018
Assets
Cash & short-term investments	CN¥1.81B	CN¥2.61B	CN¥2.43B	CN¥2.52B	CN¥1.89B	CN¥1.03B	CN¥553.2M	CN¥673.1M
Cash & equivalents	CN¥1.54B	CN¥1.97B	CN¥1.98B	CN¥1.70B	CN¥1.36B	CN¥918.1M	CN¥410.8M	CN¥665.6M
Short-term investments	CN¥267.8M	CN¥643.6M	CN¥452.0M	CN¥818.0M	CN¥537.3M	CN¥115.4M	CN¥142.4M	CN¥7.6M
Receivables	CN¥796.6M	CN¥43.3M	CN¥40.8M	CN¥148.3M	CN¥16.3M	CN¥12.3M	CN¥1.4M	CN¥6.2M
Inventory	CN¥1.07B	CN¥535.1M	CN¥1.02B	CN¥433.5M	CN¥478.8M	CN¥177.0M	CN¥65.6M	CN¥75.2M
Other current assets	CN¥1.07B	CN¥977.2M	CN¥1.04B	CN¥786.8M	CN¥1.76B	CN¥651.8M	CN¥474.8M	CN¥304.9M
Total current assets	CN¥4.74B	CN¥4.17B	CN¥4.53B	CN¥3.89B	CN¥4.15B	CN¥1.87B	CN¥1.09B	CN¥1.06B
Property, plant & equipment (net)	CN¥239.5M	CN¥284.4M	CN¥204.2M	CN¥118.6M	CN¥173.5M	CN¥69.6M	CN¥99.2M	CN¥67.5M
Goodwill & intangible assets	CN¥10.7M	CN¥56.6M	CN¥270.6M	CN¥544.6M	CN¥2.88B	CN¥3.17B	CN¥3.49B	CN¥19.0M
Long-term investments	CN¥485.4M	CN¥556.1M	CN¥467.1M	CN¥219.6M	CN¥241.5M	CN¥96.4M	CN¥89.3M	CN¥71.2M
Other non-current assets	CN¥489.8M	CN¥24.3M	CN¥24.5M	CN¥275.7M	CN¥57.7M	CN¥14.5M	CN¥15.6M	CN¥13.2M
Total assets	CN¥5.97B	CN¥5.09B	CN¥5.49B	CN¥5.05B	CN¥7.50B	CN¥5.23B	CN¥4.79B	CN¥1.23B
Liabilities
Accounts payable	CN¥335.8M	CN¥171.4M	CN¥532.3M	CN¥73.3M	CN¥41.3M	CN¥27.2M	CN¥35.7M	CN¥42.7M
Short-term debt	CN¥323.1M	CN¥275.0M	CN¥383.4M	CN¥170.4M	CN¥130.9M	CN¥563.1M	CN¥361.6M	CN¥333.7M
Deferred revenue	CN¥231.9M	—	CN¥119.7M	CN¥195.4M	CN¥212.0M	CN¥33.9M	CN¥25.6M	CN¥28.4M
Total current liabilities	CN¥1.90B	CN¥1.31B	CN¥1.69B	CN¥1.02B	CN¥824.7M	CN¥1.18B	CN¥755.1M	CN¥590.7M
Long-term debt	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥32.6M	CN¥0	CN¥0
Lease obligations	CN¥133.8M	CN¥129.9M	CN¥56.0M	CN¥33.5M	CN¥34.5M	CN¥0	—	—
Other long-term liabilities	CN¥72.4M	CN¥89.2M	CN¥90.2M	CN¥144.8M	CN¥257.6M	CN¥9.22B	CN¥7.47B	CN¥2.50B
Total liabilities	CN¥1.98B	CN¥1.40B	CN¥1.78B	CN¥1.17B	CN¥1.08B	CN¥10.44B	CN¥8.22B	CN¥3.09B
Shareholders' equity
Common stock & paid-in capital	—	CN¥953,000	CN¥921,000	CN¥921,000	CN¥921,000	CN¥10,975	CN¥11,000	CN¥11,000
Retained earnings (deficit)	CN¥3.99B	−CN¥9.17B	−CN¥9.16B	−CN¥9.01B	−CN¥6.54B	−CN¥5.20B	−CN¥3.44B	−CN¥1.86B
Accumulated other comprehensive income	—	−CN¥9.5M	−CN¥16.8M	−CN¥25.7M	CN¥4.3M	CN¥2.1M	−CN¥358,000	CN¥10,000
Total shareholders' equity	CN¥3.99B	CN¥3.69B	CN¥3.71B	CN¥3.88B	CN¥6.42B	−CN¥5.20B	−CN¥3.44B	−CN¥1.86B
Key figures
Total debt	CN¥393.1M	CN¥354.9M	CN¥405.9M	CN¥203.9M	CN¥165.4M	CN¥595.7M	CN¥361.6M	CN¥333.7M
Net cash (debt)	CN¥1.41B	CN¥2.26B	CN¥2.02B	CN¥2.32B	CN¥1.73B	CN¥437.8M	CN¥191.6M	CN¥339.5M
Working capital	CN¥2.84B	CN¥2.86B	CN¥2.84B	CN¥2.87B	CN¥3.33B	CN¥691.1M	CN¥339.8M	CN¥468.8M
Tangible book value	CN¥3.98B	CN¥3.64B	CN¥3.44B	CN¥3.34B	CN¥3.54B	−CN¥8.37B	−CN¥6.93B	−CN¥1.87B
Shares outstanding	364.9M	367.3M	243.2M	244.2M	218.9M	28.2M	28.2M	29.1M
Current ratio	2.49	3.19	2.68	3.81	5.03	1.58	1.45	1.79
Quick ratio	1.37	2.03	1.46	2.61	2.32	0.88	0.73	1.15
Debt / equity	0.10	0.10	0.11	0.05	0.03	—	—	—
Equity / assets	66.9%	72.6%	67.6%	76.9%	85.6%	−99.5%	−71.9%	−150.8%

ATRenew Inc. quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	CN¥1.78B	CN¥1.26B	CN¥1.81B	CN¥2.17B	CN¥1.92B	CN¥2.39B	CN¥2.55B	CN¥1.98B	CN¥2.28B	CN¥2.08B	CN¥2.39B	CN¥1.78B
Cash & equivalents	CN¥1.53B	CN¥1.01B	CN¥1.54B	CN¥1.63B	CN¥1.30B	CN¥1.81B	CN¥1.97B	CN¥1.35B	CN¥1.64B	CN¥1.61B	CN¥1.98B	CN¥1.43B
Short-term investments	CN¥252.6M	CN¥247.0M	CN¥267.8M	CN¥546.7M	CN¥625.7M	CN¥577.9M	CN¥583.8M	CN¥630.1M	CN¥637.7M	CN¥472.7M	CN¥410.5M	CN¥348.1M
Receivables	CN¥876.3M	CN¥1.08B	CN¥796.6M	CN¥600.6M	CN¥1.46B	CN¥1.25B	CN¥61.1M	CN¥1.21B	CN¥1.04B	CN¥1.06B	CN¥56.8M	CN¥1.16B
Inventory	CN¥1.47B	CN¥1.48B	CN¥1.07B	CN¥698.8M	CN¥814.1M	CN¥736.2M	CN¥535.1M	CN¥678.0M	CN¥660.0M	CN¥847.7M	CN¥1.02B	CN¥672.4M
Other current assets	CN¥968.1M	CN¥938.5M	CN¥1.07B	CN¥910.2M	CN¥104.2M	CN¥100.0M	CN¥1.02B	CN¥132.0M	CN¥232.0M	CN¥232.0M	CN¥1.06B	CN¥212.0M
Total current assets	CN¥5.09B	CN¥4.76B	CN¥4.74B	CN¥4.38B	CN¥4.30B	CN¥4.47B	CN¥4.17B	CN¥4.00B	CN¥4.21B	CN¥4.22B	CN¥4.53B	CN¥3.82B
Property, plant & equipment (net)	CN¥232.2M	CN¥235.1M	CN¥239.5M	CN¥229.7M	CN¥197.2M	CN¥177.4M	CN¥156.5M	CN¥159.2M	CN¥145.7M	CN¥150.1M	CN¥148.2M	CN¥131.0M
Goodwill & intangible assets	CN¥9.1M	CN¥19.7M	CN¥10.7M	CN¥11.4M	CN¥12.2M	CN¥30.1M	CN¥56.6M	CN¥100.5M	CN¥146.9M	CN¥379.3M	CN¥270.6M	CN¥337.5M
Long-term investments	CN¥443.0M	CN¥467.3M	CN¥485.4M	CN¥514.3M	CN¥526.3M	CN¥523.3M	CN¥556.1M	CN¥558.2M	CN¥554.5M	CN¥482.0M	CN¥467.1M	CN¥469.2M
Other non-current assets	CN¥530.2M	CN¥484.3M	CN¥489.8M	CN¥158.5M	CN¥160.7M	CN¥155.0M	CN¥152.1M	CN¥149.1M	CN¥67.1M	CN¥0	CN¥80.4M	CN¥77.2M
Total assets	CN¥6.31B	CN¥5.96B	CN¥5.97B	CN¥5.30B	CN¥5.20B	CN¥5.36B	CN¥5.09B	CN¥4.97B	CN¥5.12B	CN¥5.17B	CN¥5.49B	CN¥4.84B
Liabilities
Accounts payable	CN¥208.1M	CN¥224.2M	CN¥335.8M	CN¥146.3M	CN¥140.0M	CN¥152.5M	CN¥171.4M	CN¥105.3M	CN¥73.2M	CN¥133.8M	CN¥532.3M	CN¥116.5M
Short-term debt	CN¥456.0M	CN¥293.6M	CN¥323.1M	CN¥149.8M	CN¥171.0M	CN¥281.0M	CN¥225.0M	CN¥307.3M	CN¥465.4M	CN¥560.4M	—	CN¥200.0M
Deferred revenue	CN¥358.4M	CN¥271.2M	CN¥231.9M	CN¥79.1M	CN¥104.2M	CN¥228.3M	—	CN¥81.6M	CN¥176.5M	CN¥87.0M	—	CN¥158.1M
Total current liabilities	CN¥2.16B	CN¥1.97B	CN¥1.90B	CN¥1.33B	CN¥1.33B	CN¥1.53B	CN¥1.31B	CN¥1.24B	CN¥1.41B	CN¥1.42B	CN¥1.69B	CN¥997.1M
Long-term debt	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Lease obligations	CN¥78.7M	CN¥64.8M	CN¥133.8M	CN¥77.0M	CN¥73.2M	CN¥76.4M	CN¥129.9M	CN¥80.4M	CN¥14.9M	CN¥17.8M	CN¥56.0M	CN¥19.9M
Other long-term liabilities	CN¥80.9M	CN¥66.8M	CN¥72.4M	CN¥79.5M	CN¥75.8M	CN¥81.7M	CN¥89.2M	CN¥122.5M	CN¥64.0M	CN¥75.4M	CN¥90.2M	CN¥97.6M
Total liabilities	CN¥2.24B	CN¥2.03B	CN¥1.98B	CN¥1.41B	CN¥1.41B	CN¥1.61B	CN¥1.40B	CN¥1.36B	CN¥1.47B	CN¥1.50B	CN¥1.78B	CN¥1.09B
Shareholders' equity
Common stock & paid-in capital	—	—	—	—	CN¥3.79B	CN¥3.74B	CN¥3.69B	CN¥3.61B	CN¥3.65B	CN¥3.68B	—	CN¥3.74B
Retained earnings (deficit)	—	CN¥3.99B	CN¥3.99B	—	—	−CN¥9.17B	−CN¥9.17B	—	—	−CN¥9.16B	−CN¥9.16B	—
Accumulated other comprehensive income	—	—	—	—	—	−CN¥9.5M	—	—	—	−CN¥16.8M	—	—
Total shareholders' equity	CN¥4.07B	CN¥3.93B	CN¥3.99B	CN¥3.89B	CN¥3.79B	CN¥3.74B	CN¥3.69B	CN¥3.61B	CN¥3.65B	CN¥3.68B	CN¥3.71B	CN¥3.74B
Key figures
Total debt	CN¥534.8M	CN¥358.2M	CN¥393.1M	CN¥226.8M	CN¥244.2M	CN¥357.4M	CN¥304.9M	CN¥387.7M	CN¥480.3M	CN¥578.2M	—	CN¥219.9M
Net cash (debt)	CN¥1.24B	CN¥898.1M	CN¥1.41B	CN¥1.95B	CN¥1.68B	CN¥2.03B	CN¥2.25B	CN¥1.59B	CN¥1.80B	CN¥1.50B	—	CN¥1.56B
Working capital	CN¥2.93B	CN¥2.79B	CN¥2.84B	CN¥3.05B	CN¥2.97B	CN¥2.94B	CN¥2.86B	CN¥2.76B	CN¥2.80B	CN¥2.80B	CN¥2.84B	CN¥2.82B
Tangible book value	CN¥4.06B	CN¥3.91B	CN¥3.98B	CN¥3.88B	CN¥3.78B	CN¥3.71B	CN¥3.64B	CN¥3.51B	CN¥3.50B	CN¥3.30B	CN¥3.44B	CN¥3.40B
Shares outstanding	363.5M	363.1M	364.5M	244.0M	369.5M	365.8M	243.6M	373.3M	378.7M	367.0M	146.3M	366.7M
Current ratio	2.36	2.42	2.49	3.30	3.23	2.92	3.19	3.23	2.99	2.97	2.68	3.83
Quick ratio	1.23	1.19	1.37	2.09	2.54	2.37	2.00	2.58	2.35	2.21	1.45	2.95
Debt / equity	0.13	0.09	0.10	0.06	0.06	0.10	0.08	0.11	0.13	0.16	—	0.06
Equity / assets	64.5%	65.9%	66.9%	73.4%	72.9%	69.9%	72.6%	72.6%	71.3%	71.1%	67.6%	77.4%

Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported (latest annual report filed April 8, 2026); data from EODHD.

RERE financial position

At the end of fiscal 2025 (December 31, 2025), ATRenew had total assets of CN¥6.0 billion (up 17.3% from a year earlier), total liabilities of CN¥2.0 billion and shareholders' equity of CN¥4.0 billion. It held CN¥1.8 billion in cash and short-term investments against CN¥393.1 million of debt, a net cash position of CN¥1.4 billion. Its current ratio was 2.49. In the latest quarter (ended June 30, 2026) total assets were CN¥6.3 billion and equity CN¥4.1 billion.

Related: RERE income statement, RERE cash flow statement, RERE key metrics. See the RERE stock overview for the latest quote and news.

RERE balance sheet FAQ

What are ATRenew's total assets?

ATRenew reported total assets of CN¥6.0 billion at the end of fiscal 2025 (December 31, 2025), compared with CN¥5.1 billion a year earlier.

How much debt does ATRenew have?

ATRenew had CN¥393.1 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.10.

How much cash does ATRenew have?

ATRenew held CN¥1.8 billion in cash and short-term investments at the end of fiscal 2025; with CN¥393.1 million of debt that is net cash of CN¥1.4 billion.

What is ATRenew's book value?

ATRenew's shareholders' equity (book value) was CN¥4.0 billion at the end of fiscal 2025.

What is ATRenew's current ratio?

ATRenew had current assets of CN¥4.7 billion and current liabilities of CN¥1.9 billion, a current ratio of 2.49 (it can cover its short-term obligations).

How much goodwill does ATRenew have?

ATRenew carried CN¥10.7 million of goodwill and intangible assets, 0.2% of total assets, at the end of fiscal 2025.