ATRenew reports strong Q1 profit growth, driven by pre-owned electronics demand and improved operating efficiency.
Stock Earnings Results
May 19, 2026
Table of Contents
May 19, 2026
ATRenew Inc. (NYSE: RERE) reported first-quarter 2026 results with stronger revenue, higher operating income, and sharp profit growth, supported by demand for pre-owned consumer electronics and improved operating efficiency.
ATRenew is a China-based pre-owned consumer electronics recycling and resale platform focused on trade-ins, refurbishment, online resale, and multi-category recycling services.
The company reported EPS of $0.08, above estimates of $0.06, representing a 33.3% earnings surprise. Revenue came in at $893.03 million, with revenue growth of 39.3%.
ATRenew reported total net revenue of RMB6.16 billion, or $893.0 million, up 32.4% from RMB4.65 billion in the prior-year period.
Net product revenue increased 34.4% to RMB5.73 billion, mainly driven by higher sales of pre-owned consumer electronics through the company’s online channels.
Income from operations rose 154.9% to RMB185.3 million, compared with RMB72.7 million a year earlier.
Adjusted income from operations increased 70.2% to RMB190.5 million. Net income rose 215.7% to RMB135.1 million, while adjusted net income increased 79.6% to RMB140.1 million.
ATRenew reported 10.8 million consumer products transacted during the quarter, compared with 9.5 million in the same period of 2025.
That growth reflects stronger activity across the company’s recycling, trade-in, refurbishment, and resale ecosystem.
Management said ATRenew improved users’ awareness of recycling and trade-in programs, expanded its doorstep fulfillment network, and used AI to offer better pricing.
The company also said it expanded compliant refurbishment capacity, supporting direct retail sales and resale to small business owners.
For the second quarter of 2026, ATRenew expects total revenue of RMB6.24 billion to RMB6.34 billion.
That implies year-over-year growth of 25.0% to 27.0%, showing management expects continued momentum in the second-hand consumer electronics market.
ATRenew also extended its existing share repurchase program for another 12 months starting June 30, 2026.
During Q1, the company repurchased about 0.5 million ADSs for approximately $2.7 million. As of March 31, 2026, roughly $39.4 million remained available under the program.
Investors are likely to watch whether ATRenew can sustain growth while improving profitability.
The key areas are:
ATRenew’s quarter was strong because revenue growth came with faster profit growth.
The company is benefiting from rising demand for second-hand consumer electronics, better sourcing, improved refurbishment capacity, and operating scale. The next test is whether ATRenew can keep growing revenue above 25% while holding expense ratios under control.
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