Want to see RERE full AI Analyst Report?
Top Page
ATRenew Inc. Sponsored ADR
(NYSE:RERE)
Select Model
Select Model
Rating:62Neutral
Price Target:
$4.50
▲(14.21% Upside)
Action:Reiterated
Date:08/21/26
The score is driven primarily by improving fundamentals and a positive earnings call (strong growth and non-GAAP profitability expansion with constructive guidance), partially offset by weak cash-flow quality and margin compression in the financials. Technicals remain a headwind with the stock below key longer-term moving averages, while valuation is moderate with a modest dividend yield.
Positive Factors
Sustained revenue growth
Strong Q2 execution and continued double-digit guidance indicate expanding demand for pre-owned electronics. Growth across product sales, recycling activity, and partner channels can strengthen platform scale and support operating leverage over the next several quarters.
Negative Factors
Weak cash conversion
The reversal from positive operating and free cash flow in 2022–2024 to sizable 2025 outflows shows that accounting profitability has not consistently converted into cash. Persistent working-capital demands could constrain reinvestment and increase execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained revenue growth
Strong Q2 execution and continued double-digit guidance indicate expanding demand for pre-owned electronics. Growth across product sales, recycling activity, and partner channels can strengthen platform scale and support operating leverage over the next several quarters.
Read all positive factors
ATRenew Inc. Sponsored ADR (RERE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$917.54M
Dividend Yield2.39%
Average Volume (3M)1.15M
Price to Earnings (P/E)19.3
Beta (1Y)1.19
Revenue Growth34.75%
EPS Growth138.72%
CountryUS
Employees2,389
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)1.44
Shares Outstanding131,484,800
10 Day Avg. Volume1,100,987
30 Day Avg. Volume1,151,565
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)3.37
Price to Sales (P/S)0.66
P/FCF Ratio-24.74
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$5.50Price Target Upside39.59% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)2.98
Revenue Forecast (FY)$26.86B
ATRenew Inc. Sponsored ADR Business Overview & Revenue Model
Company Description
ATRenew Inc., operating through its various subsidiaries, oversees a comprehensive platform in the People's Republic of China dedicated to the exchange and support of used consumer electronic devices. The company primarily engages in the resale of...
How the Company Makes Money
ATRenew primarily makes money by facilitating and monetizing the transaction flow of pre-owned consumer electronics. Its revenue model centers on (1) product sales of used consumer electronics: the company acquires devices via consumer trade-ins a...
ATRenew Inc. Sponsored ADR Earnings Call Summary
Earnings Call Date:Aug 20, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 25, 2026
Earnings Call Sentiment Positive
The earnings call presented a broadly positive operational and financial update: the company delivered record revenue and significant non-GAAP profit growth, improved 1P gross margin and expanded higher-margin 1P-to-C retail mix. Scale metrics (stores, to-door capacity, registered merchants) and category-specific successes (luxury recycling growth) reinforce strong execution. Headwinds include a decline in net service revenue (-4.2%), a pronounced drop in gold service revenue (-35%), higher absolute fulfillment and operating expenses, and early-stage overseas initiatives requiring more time and investment. Overall, the positive growth, margin expansion and healthy balance sheet substantially outweigh the manageable near-term service and cost challenges.Positive Updates
Record Revenue Growth
Total net revenues increased 32.4% year-over-year to RMB 6.61 billion in Q2 2026, exceeding the high end of guidance.
Negative Updates
Decline in Net Service Revenue
Net service revenues decreased 4.2% year-over-year to RMB 410 million in Q2 2026, primarily due to discretionary discounts and subsidies provided to merchants during promotional campaigns.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Revenue Growth
Total net revenues increased 32.4% year-over-year to RMB 6.61 billion in Q2 2026, exceeding the high end of guidance.
Read all positive updates
Company Guidance
Management guided third-quarter 2026 total revenues of RMB 6.34–6.44 billion, implying year‑over‑year growth of 23.1%–25.1%, noting the outlook already factors in potential new‑device cycle impacts (e.g., iPhone 18 possibly shifting volume into Q4/next Q1). The guide builds off a strong Q2 (total revenue RMB 6.61 billion, +32.4% YoY; net product revenue RMB 6.19 billion, +35.9% YoY; net service revenue RMB 410 million, -4.2% YoY) and improved profitability (non‑GAAP operating income ≈ RMB 206.3 million, +70.1% YoY; non‑GAAP operating margin 3.1%, up 69 bps YoY; 1P gross margin 15.7% vs 13.2% a year ago; 1P‑to‑C retail 48.8% of product revenue vs 34.4% prior). Management reiterated expectations to maintain strong revenue and profit growth while making disciplined investments, and highlighted financial flexibility with RMB 2.16 billion in cash/restricted cash/short‑term investments/funds receivable and ongoing buybacks (≈1 million ADS repurchased in Q2 for ~$4.2 million; ~USD 14.8 million repurchased to date under a USD 50 million program extended for 12 months).ATRenew Inc. Sponsored ADR Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
44
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 24.15B | 20.47B | 16.33B | 12.97B | 9.87B | 7.78B |
| Gross Profit | 5.01B | 2.52B | 3.24B | 2.63B | 2.27B | 2.04B |
| EBITDA | 630.88M | 515.78M | 281.64M | 192.38M | -2.16B | -563.32M |
| Net Income | 485.01M | 327.13M | -8.23M | -156.25M | -2.47B | -816.55M |
Balance Sheet | ||||||
| Total Assets | 6.31B | 5.97B | 5.09B | 5.49B | 5.05B | 7.50B |
| Cash, Cash Equivalents and Short-Term Investments | 1.78B | 1.81B | 2.61B | 2.43B | 2.52B | 1.89B |
| Total Debt | 534.76M | 393.14M | 354.93M | 405.94M | 203.93M | 165.45M |
| Total Liabilities | 2.24B | 1.98B | 1.40B | 1.78B | 1.17B | 1.08B |
| Stockholders Equity | 4.07B | 3.99B | 3.69B | 3.71B | 3.88B | 6.42B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -543.62M | 582.95M | 158.72M | 819.83M | -1.09B |
| Operating Cash Flow | 0.00 | -403.27M | 642.81M | 243.90M | 881.30M | -1.02B |
| Investing Cash Flow | 0.00 | -132.44M | -424.40M | 172.01M | -516.68M | -670.40M |
| Financing Cash Flow | 0.00 | -13.31M | -307.71M | 68.70M | -186.04M | 2.29B |
ATRenew Inc. Sponsored ADR Technical Analysis
Neutral
3.94
Price Trends
4.14
Positive
4.30
Negative
4.76
Negative
Market Momentum
-0.03
Positive
49.42
Neutral
81.65
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RERE, the sentiment is Neutral. The current price of 3.94 is below the 20-day moving average (MA) of 4.27, below the 50-day MA of 4.14, and below the 200-day MA of 4.76, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 49.42 is Neutral, neither overbought nor oversold. The STOCH value of 81.65 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for RERE.
ATRenew Inc. Sponsored ADR Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $1.32B | 39.72 | 15.18% | ― | 5.18% | 24.25% | |
74 Outperform | $1.52B | 20.93 | 14.05% | ― | 10.80% | 59.70% | |
62 Neutral | $917.54M | 19.30 | 12.22% | 2.39% | 34.75% | 138.72% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
51 Neutral | $908.10M | -7.78 | -304.73% | ― | 27.37% | 18.19% | |
49 Neutral | $249.51M | -8.23 | -7.20% | ― | 25.10% | 59.14% | |
48 Neutral | $357.23M | -15.23 | -37.30% | ― | 15.58% | 64.75% |
* Consumer Cyclical Sector Average
RERE
ATRenew Inc. Sponsored ADR
4.18
-0.07
-1.67%
LQDT
Liquidity Services
42.11
15.76
59.85%
JMIA
Jumia Technologies AG
7.29
-2.43
-25.00%
RVLV
Revolve Group
21.35
-2.21
-9.38%
YSG
Yatsen Holding
2.66
-7.68
-74.27%
TDUP
thredUP
2.72
-8.01
-74.65%
ATRenew Inc. Sponsored ADR Corporate Events
ATRenew Posts Strong Q2 2026 Results, Extends Share Buyback and Advances ESG Targets
Aug 20, 2026
ATRenew Inc. reported strong unaudited financial results for the second quarter of 2026, ended June 30, with total net revenues rising 32.4% year-on-year to RMB6.61 billion and net income jumping 78.6% to RMB129.1 million. Management highlighted r...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.