ATRenew Inc (NYSE:RERE)

Q1 2026 ATRenew Inc Earnings Call Transcript

May 19, 2026 / 12:00 PM GMT

Release Date Price: $5.02 (+11.56%)

Transcript

Key Points

Positve

ATRenew Inc (RERE) reported a strong start to 2026 with total net revenues reaching RMB6.16 billion, representing a 32.4% year-over-year growth.
The company achieved a significant increase in non-GAAP operating profit, which grew 70.2% year-over-year to RMB190 million.
ATRenew Inc (RERE) expanded its face-to-face fulfillment ratio to 80%, enhancing user trust and brand presence.
The compliant refurbishment business saw a revenue increase of 76.1% year-over-year, with on-demand refurbishment revenue growing by 180%.
The PJT Marketplace nearly doubled its registered merchants year-over-year, indicating robust growth and market penetration.

Negative

Fulfillment expenses increased by 22.5% to RMB520 million, driven by higher personnel costs and increased transaction volumes.
Selling and marketing expenses rose by 17.9% to RMB490 million, primarily due to increased commission expenses related to channel service fees.
General and administrative expenses increased by 25.9% to RMB79.8 million, largely due to higher personnel costs.
Research and development expenses increased by 33.5% to RMB73.4 million, reflecting higher personnel costs.
The company faces challenges in maintaining inventory turnover days as the revenue mix shifts towards 1P2C sales, which typically have longer turnover periods.

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

RERE.N - ATRenew Inc
Q1 2026 ATRenew Inc Earnings Call
May 19, 2026 / 12:00PM GMT

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

Thank you for standing by, and welcome to AT Renew Inc.'s First Quarter 2026 Earnings Conference Call.

At this time, all participants are in a listen-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.

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

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.