ATRenew Inc (NYSE:RERE)

Q4 2025 ATRenew Inc Earnings Call Transcript

Mar 11, 2026 / 12:00 PM GMT

Release Date Price: $5.58 (-10.14%)

Transcript

Key Points

Positve

ATRenew Inc (RERE) reported a 29% year-over-year growth in total net revenues for Q4 2025, reaching RMB6.25 billion.
Non-GAAP operating profits increased by 38.1% year-over-year to RMB180 million in Q4 2025.
The company achieved a 900.8% year-over-year surge in compliance refurbishment product revenue in Q4 2025.
Retail revenue increased by 88% year-over-year, with its share of total product revenues rising to a record high of 41.7%.
ATRenew Inc (RERE) expanded its offline presence with 2,195 AHS stores and a team of 2,154 two-door service members, enhancing its fulfillment capabilities.

Negative

Fulfillment expenses increased by 21.7% to $480 million in Q4 2025, driven by higher personnel and logistics costs.
Selling and marketing expenses rose by 23.3% to $460 million in Q4 2025, primarily due to increased commission expenses.
General and administrative expenses decreased by 34.1% to $60 million, but the reduction was mainly due to decreased personnel costs.
Research and development expenses increased by 9.8% to 62.6 million in Q4 2025, driven by elevated personnel expenses.
The company faces challenges from rising new device prices, which could impact the pre-owned consumer electronics market.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RERE.N - ATRenew Inc
Q4 2025 ATRenew Inc Earnings Call
Mar 11, 2026 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and good evening, ladies and gentlemen.

Thank you for standing by and welcome to AT Renew Inc.s 4th quarter and full year 2025 earnings conference call.

At this time, all participants are only mode.

We will be hosting a question-and-answer session after management's prepared remarks.

Please note, today's event is being recorded.

I will now turn the call over to the first speaker today, Ms. Jessie Jin, head of investor relations. Please go ahead, ma'am.

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Unidentified_2 [2]
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Thank you. Hello, everyone, and welcome

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