ATRenew Inc. (RERE) Income Statement
RERE 2025 at a glance
Fiscal year ended December 31, 2025 · Chinese yuanRERE revenue and net income
Where RERE's revenue goes
2025Each bar shows an amount and its share of revenue. RERE kept 1.6% of revenue as net income.
RERE profit margins
RERE growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +25.4% | +27.5% | +33.3% | — |
| Gross profit | −22.4% | +3.4% | +15.1% | — |
| Operating income | +1,290.0% | — | — | — |
| Net income | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
RERE income statement in Chinese yuan
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥20.47B | CN¥16.33B | CN¥12.97B | CN¥9.87B | CN¥7.78B | CN¥4.86B | CN¥3.93B | CN¥3.26B |
| Cost of revenue | CN¥17.96B | CN¥13.09B | CN¥10.34B | CN¥7.60B | CN¥5.74B | CN¥3.61B | CN¥3.18B | CN¥2.80B |
| Gross profit | CN¥2.52B | CN¥3.24B | CN¥2.63B | CN¥2.27B | CN¥2.04B | CN¥1.25B | CN¥755.5M | CN¥460.1M |
| Research & development | CN¥237.3M | CN¥210.4M | CN¥195.7M | CN¥227.8M | CN¥264.6M | CN¥151.5M | CN¥142.9M | CN¥65.8M |
| Sales, general & admin | CN¥275.0M | CN¥1.67B | CN¥1.52B | CN¥1.77B | CN¥1.64B | CN¥918.1M | CN¥1.37B | CN¥434.9M |
| Total operating expenses | CN¥2.11B | CN¥3.21B | CN¥2.80B | CN¥4.90B | CN¥2.94B | CN¥1.71B | CN¥1.49B | CN¥716.5M |
| Operating income | CN¥402.7M | CN¥29.0M | −CN¥173.3M | −CN¥2.62B | −CN¥895.1M | −CN¥458.8M | −CN¥731.8M | −CN¥256.5M |
| Interest income | CN¥20.5M | CN¥26.9M | CN¥37.9M | CN¥17.8M | CN¥8.4M | CN¥9.3M | CN¥7.8M | CN¥8.3M |
| Interest expense | CN¥5.9M | CN¥15.0M | CN¥7.1M | CN¥6.2M | CN¥16.8M | CN¥21.1M | CN¥12.4M | CN¥6.5M |
| Income before taxes | CN¥382.3M | −CN¥65.1M | −CN¥198.8M | −CN¥2.58B | −CN¥960.4M | −CN¥517.9M | −CN¥735.0M | −CN¥209.4M |
| Income taxes | CN¥55.2M | −CN¥56.9M | −CN¥42.5M | −CN¥111.8M | −CN¥143.9M | −CN¥47.3M | −CN¥30.1M | −CN¥1.9M |
| Net income | CN¥327.1M | −CN¥8.2M | −CN¥156.2M | −CN¥2.47B | −CN¥816.5M | −CN¥470.6M | −CN¥704.9M | −CN¥207.9M |
| EBITDA | CN¥519.0M | CN¥281.6M | CN¥192.4M | −CN¥2.16B | −CN¥563.3M | −CN¥128.5M | −CN¥485.7M | −CN¥188.5M |
| Gross margin | 12.3% | 19.9% | 20.3% | 23.0% | 26.3% | 25.7% | 19.2% | 14.1% |
| Operating margin | 2.0% | 0.2% | −1.3% | −26.6% | −11.5% | −9.4% | −18.6% | −7.9% |
| Net margin | 1.6% | −0.1% | −1.2% | −25.0% | −10.5% | −9.7% | −17.9% | −6.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.59B | CN¥6.16B | CN¥6.25B | CN¥5.15B | CN¥4.99B | CN¥4.64B | CN¥4.85B | CN¥4.05B | CN¥3.78B | CN¥3.65B | CN¥3.87B | CN¥3.26B |
| Cost of revenue | CN¥5.21B | CN¥4.82B | CN¥5.03B | CN¥4.09B | CN¥3.96B | CN¥3.64B | CN¥3.91B | CN¥3.24B | CN¥2.99B | CN¥2.95B | CN¥3.15B | CN¥2.61B |
| Gross profit | CN¥1.39B | CN¥1.34B | CN¥1.22B | CN¥1.05B | CN¥1.03B | CN¥1.01B | CN¥944.2M | CN¥808.4M | CN¥786.1M | CN¥703.3M | CN¥723.6M | CN¥645.7M |
| Research & development | CN¥77.0M | CN¥73.4M | CN¥62.6M | CN¥63.8M | CN¥62.5M | CN¥54.9M | CN¥57.0M | CN¥53.4M | CN¥49.8M | CN¥50.2M | CN¥63.8M | CN¥39.4M |
| Sales, general & admin | CN¥603.7M | CN¥573.7M | CN¥524.0M | CN¥438.0M | CN¥484.4M | CN¥467.5M | CN¥467.5M | CN¥384.6M | CN¥426.5M | CN¥395.2M | CN¥379.2M | CN¥369.3M |
| Total operating expenses | CN¥1.21B | CN¥1.16B | CN¥1.05B | CN¥934.2M | CN¥942.8M | CN¥936.8M | CN¥891.1M | CN¥783.5M | CN¥791.7M | CN¥746.7M | CN¥3.89B | CN¥673.8M |
| Operating income | CN¥178.3M | CN¥185.3M | CN¥171.6M | CN¥120.8M | CN¥91.1M | CN¥72.3M | CN¥53.1M | CN¥24.9M | −CN¥5.6M | −CN¥43.4M | −CN¥16.7M | −CN¥28.1M |
| Interest income | CN¥2.9M | CN¥3.9M | CN¥628,000 | CN¥5.9M | CN¥5.6M | CN¥6.2M | CN¥6.2M | CN¥8.7M | CN¥5.3M | CN¥6.6M | CN¥13.2M | CN¥11.1M |
| Interest expense | CN¥2.2M | CN¥2.1M | CN¥1.2M | CN¥1.3M | CN¥1.7M | CN¥2.7M | CN¥2.7M | CN¥3.6M | CN¥4.7M | CN¥4.0M | CN¥1.6M | CN¥2.2M |
| Income before taxes | CN¥153.6M | CN¥154.1M | CN¥146.6M | CN¥107.7M | CN¥89.6M | CN¥49.0M | CN¥45.1M | CN¥11.9M | −CN¥19.2M | −CN¥82.2M | −CN¥4.2M | −CN¥23.6M |
| Income taxes | CN¥24.9M | CN¥19.0M | CN¥16.3M | CN¥16.9M | CN¥17.3M | CN¥6.3M | CN¥32.3M | −CN¥5.9M | −CN¥8.5M | −CN¥10.0M | — | −CN¥10.0M |
| Net income | CN¥128.8M | CN¥135.1M | CN¥130.3M | CN¥90.8M | CN¥72.3M | CN¥42.7M | CN¥77.4M | CN¥17.9M | −CN¥10.7M | −CN¥92.9M | CN¥2.8M | −CN¥44.2M |
| EBITDA | CN¥179.1M | CN¥174.1M | CN¥164.7M | CN¥127.2M | CN¥168.2M | CN¥100.9M | CN¥136.5M | CN¥33.6M | −CN¥217,000 | −CN¥78.2M | — | −CN¥21.4M |
| Gross margin | 21.0% | 21.8% | 19.5% | 20.5% | 20.7% | 21.7% | 19.5% | 20.0% | 20.8% | 19.3% | 18.7% | 19.8% |
| Operating margin | 2.7% | 3.0% | 2.7% | 2.3% | 1.8% | 1.6% | 1.1% | 0.6% | −0.1% | −1.2% | −0.4% | −0.9% |
| Net margin | 2.0% | 2.2% | 2.1% | 1.8% | 1.4% | 0.9% | 1.6% | 0.4% | −0.3% | −2.5% | 0.1% | −1.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported in RERE's financial statements (latest annual report filed April 8, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
RERE financial results
In fiscal year 2025 (ended December 31, 2025), ATRenew reported revenue of CN¥20.5 billion, up 25.4% from the year before. It had net income of CN¥327.1 million, a net profit margin of 1.6%. Over five years revenue grew at an average rate of 33.3% a year. Figures are in Chinese yuan, the currency of its financial statements.
See the RERE stock overview for the latest quote and news, or the RERE chart for price history and technical indicators.
RERE income statement FAQ
What is ATRenew's annual revenue?
ATRenew reported total revenue of CN¥20.5 billion for fiscal year 2025, which ended on December 31, 2025. That was up 25.4% from CN¥16.3 billion the previous year.
Is ATRenew profitable?
Yes. ATRenew reported net income of CN¥327.1 million in fiscal 2025, a net profit margin of 1.6%; its operating margin was 2.0%.
What is ATRenew's gross margin?
ATRenew's gross margin was 12.3% in fiscal 2025: for every $100 of revenue, ATRenew kept $12 after the direct cost of its products and services.
How much does ATRenew spend on research and development?
ATRenew spent CN¥237.3 million on research and development in fiscal 2025, 1.2% of revenue.
How fast is ATRenew growing?
Revenue grew 33.3% a year on average over the last five fiscal years, from CN¥4.9 billion to CN¥20.5 billion.
When will ATRenew report its next earnings?
ATRenew is expected to report results for the quarter ending September 30, 2026 on November 19, 2026 before the market opens.
When does ATRenew's fiscal year end?
ATRenew's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 8, 2026.