ATRenew Inc. Reports Unaudited Second Quarter 2026 Financial Results

SHANGHAI , Aug. 20, 2026 /PRNewswire/ -- ATRenew Inc. ("ATRenew" or the "Company") (NYSE: RERE ), a pioneer in technology-driven recycling and trade-in solutions for consumer products in China, today announced its unaudited financial results for the three months ended June 30, 2026. Second Quarter 2026 Highlights Total net revenues grew by 32.4% to RMB6,609.3 million (US$974.1 million) from RMB4,991.5 million in the same period of 2025. Income from operations increased by 95.7% to RMB178.3 million (US$26.3 million) from RMB91.1 million in the same period of 2025. Adjusted income from operations (non-GAAP) 1 grew by 70.1% to RMB206.3 million (US$30.4 million) from RMB121.3 million in the same period of 2025. Net income increased by 78.6% to RMB129.1 million (US$19.0 million) from RMB72.3 million in the same period of 2025. Adjusted net income (non-GAAP) 1 grew by 57.3% to RMB157.1 million (US$23.1 million) from RMB99.9 million in the same period of 2025. Number of consumer products transacted 2 was 11.6 million compared to 10.3 million in the same period of 2025. Mr. Kerry Xuefeng Chen, Founder, Chairman, and Chief Executive Officer of ATRenew, commented, "We are pleased to report another strong quarter for ATRenew. In the second quarter of 2026, total net revenues increased by 32.4% year-on-year to RMB6,609.3 million. This was achieved by leveraging our industry-leading supply chain value via a 1P business model. On the recycling side, we prioritized providing users with the best-in-class recycling and trade-in experience. On the processing side, we increased the proportion of compliant refurbished products, ensuring sufficient supply of value-for-money high-quality second-hand devices for both consumers and small and medium-sized businesses. Simultaneously, we expanded the distribution of quality-preowned products to serve diverse global markets, creating greater value for the global circulation of second-hand electronic products." Mr. Rex Chen, Chief Financial Officer of ATRenew, added, "While exceeding the high end of our revenue guidance, ATRenew once again achieved rapid profit growth. In the second quarter of 2026, adjusted income from operations grew by 70.1% year-on-year to RMB206.3 million. During this process, we focused on upgrading the capabilities and quality of AHS stores, strengthening door-to-door fulfillment capabilities on the recycling side, and optimizing the sales channels for our 1P products. Similarly, combining the characteristics of the second-hand industry, we prudently invested in brand marketing and adopted refined cost management in the middle and back offices, achieving continuous optimization of operating profit and maintaining our goal of creating long-term value for shareholders." [1] For all measures labeled as "non-GAAP" on this page and following pages, please see "Unaudited Reconciliations of GAAP and Non-GAAP Results" for more information. [2] "Number of consumer products transacted" represents the number of consumer products distributed to merchants and consumers through transactions on the Company's PJT Marketplace, Paipai Marketplace and other channels the Company operates in a given period, prior to returns and cancellations, excluding the number of consumer products collected through AHS Recycle; a single consumer product may be counted more than once according to the number of times it is transacted on PJT Marketplace, Paipai Marketplace and other channels the Company operates through the distribution process to end consumer. Second Quarter 2026 Financial Results REVENUE Total net revenues increased by 32.4% to RMB6,609.3 million (US$974.1 million) from RMB4,991.5 million in the same period of 2025. Net product revenues increased by 35.9% to RMB6,194.7 million (US$913.0 million) from RMB4,558.7 million in the same period of 2025. The increase was primarily attributable to an increase in the sales of pre-owned consumer electronics through the Company's online channels. Net service revenues decreased by 4.2% to RMB414.6 million (US$61.1 million), compared to RMB432.8 million in the same period of 2025. This decrease was primarily due to the discretionary discounts on service fees provided to merchants during the extended 618 grand promotion event period. OPERATING COSTS AND EXPENSES Operating costs and expenses were RMB6,442.3 million (US$949.5 million), compared to RMB4,918.1 million in the same period of 2025, representing an increase of 31.0%. Merchandise costs were RMB5,219.2 million (US$769.2 million), compared to RMB3,957.6 million in the same period of 2025, representing an increase of 31.9%. The increase was primarily due to the growth in product sales. Fulfillment expenses were RMB542.3 million (US$79.9 million), compared to RMB413.6 million in the same period of 2025, representing an increase of 31.1%. The increase was primarily due to (i) an increase in personnel costs driven by the growth of our business, (ii) an increase in logistics expense due to the