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RERE 6-K

ATRenew Inc. (RERE)

6-K 2026-08-20 For: 2026-06-30
View Original
Added on August 20, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2026

Commission File Number: 001-40486

ATRenew Inc.

(Registrant’s Name)

12th Floor, No. 6 Building 433 Songhu Road, Shanghai People’s Republic of China

(Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F  Form 40-F 

EXHIBIT INDEX

Exhibit No. Description
99.1 ATRenew Inc. Reports Unaudited Second Quarter 2026 Financial Results

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

ATRenew Inc.

By: /s/ Chen Chen
Name: Chen Chen
Title: Chief Financial Officer

Date: August 20, 2026

EX-99.1

Exhibit 99.1

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 transacted2 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.”

  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.

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.”

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 growth in product sales, and (iii) an increase in operating center related expenses as the Company conducted more recycling and transaction activities compared with the same period of 2025.
  • Selling and marketing expenses were RMB507.9 million (US$74.9 million), compared to RMB406.9 million in the same period of 2025, representing an increase of 24.8%. The increase was primarily due to an increase in commission expenses in relation to channel service fees, partially offset by a decrease in amortization of intangible assets resulting from assets and business acquisitions, due to the maturity of major remaining intangible assets in the second quarter of 2025.
  • General and administrative expenses were RMB95.7 million (US$14.1 million), compared to RMB77.5 million in the same period of 2025, representing an increase of 23.5%. The increase was primarily due to an increase in personnel costs, sales tax and associated charges, and share-based compensation expenses, partially offset by a decrease in expected credit loss relating to credit risk.
  • Research and development expenses were RMB77.2 million (US$11.4 million), compared to RMB62.5 million in the same period of 2025, representing an increase of 23.5%. The increase was primarily due to an increase in personnel costs.

INCOME FROM OPERATIONS

Income from operations was RMB178.3 million (US$26.3 million), representing an increase of 95.7% from RMB91.1 million in the same period of 2025.

Adjusted income from operations (non-GAAP) was RMB206.3 million (US$30.4 million), representing an increase of 70.1% from RMB121.3 million in the same period of 2025.

NET INCOME

Net income was RMB129.1 million (US$19.0 million), representing an increase of 78.6% from RMB72.3 million in the same period of 2025.

Adjusted net income (non-GAAP) was RMB157.1 million (US$23.1 million), representing an increase of 57.3% from RMB99.9 million in the same period of 2025.

BASIC AND DILUTED NET INCOME PER ORDINARY SHARE

Basic and diluted net income per ordinary share were RMB0.80 (US$0.12) and RMB0.80 (US$0.12), compared to RMB0.45 and RMB0.44 in the same period of 2025.

Adjusted basic and diluted net income per ordinary share (non-GAAP) were RMB0.97 (US$0.14) and RMB0.97 (US$0.14), compared to RMB0.62 and RMB0.61 in the same period of 2025.

CASH AND CASH EQUIVALENTS, RESTRICTED CASH, SHORT-TERM INVESTMENTS AND FUNDS RECEIVABLE FROM THIRD PARTY PAYMENT SERVICE PROVIDERS

Cash and cash equivalents, restricted cash, short-term investments and funds receivable from third party payment service providers were RMB2,157.2 million (US$317.9 million) as of June 30, 2026, as compared to RMB2,187.4 million as of December 31, 2025.

Business Outlook

For the third quarter of 2026, the Company currently expects its total revenues to be between RMB6,340.0 million and RMB6,440.0 million, representing an increase of 23.1% to 25.1% year-over-year. This forecast only reflects the Company's current and preliminary views on the market and operational conditions, which are subject to change.

Recent Developments

On June 30, 2025, the board of directors of the Company (the “Board”) authorized a new share repurchase program, under which the Company may repurchase up to US$50 million of its shares (including ADSs) over a 12-month period starting from June 30, 2025. During the second quarter of 2026, the Company repurchased a total of approximately 1.0 million ADSs for approximately US$4.2 million. As of June 30, 2026, the Company had cumulatively repurchased a total of approximately 3.3 million ADSs for approximately US$14.8 million, with approximately US$35.2 million remaining available for repurchases under the share repurchase program. On May 19, 2026, the Board authorized an extension of the existing share repurchase program for an additional 12-month period commencing from June 30, 2026, with other key terms remaining unchanged.

On June 30, 2026, ATRenew published its 2025 Environmental, Social and Governance Report (the “ESG Report”), highlighting multiple improvements. ATRenew advanced climate risk management and emissions reduction. With reference to the IFRS S2 framework, the Company comprehensively identified climate-related risks and opportunities and quantitatively assessed their specific impacts on financial performance. The Company also actively advanced carbon emissions reduction: compared to 2024, the Company reduced its Scope 1 and Scope 2 emissions intensity by

9.5% in 2025, demonstrating steady progress toward its 2030 target of a 35% reduction in Scope 1 and Scope 2 emission intensity from a 2024 baseline. On strengthened business ethics, the Company conducted integrity training sessions, reaching 15,124 participants. Signing rates reached 100% for employee integrity, self-discipline and confidentiality, Leadership Accountability Statements, and the Anti-Commercial Bribery Agreement among franchisees. In addition, 2,178 suppliers signed the Anti-Commercial Bribery Agreement, embedding integrity standards across the workforce and supply chain.

Conference Call Information

The Company’s management will hold a conference call on Thursday, August 20, 2026 at 08:00 A.M. Eastern Time (or 08:00 P.M. Beijing Time on the same day) to discuss the financial results. Listeners may access the call by dialing the following numbers:

International: 1-412-317-6061
United States Toll Free: 1-888-317-6003
Mainland China Toll Free: 4001-206115
Hong Kong Toll Free: 800-963976
Access Code: 4033621

The replay will be accessible through August 27, 2026 by dialing the following numbers:

International: 1-412-317-0088
United States Toll Free: 1-855-669-9658
Access Code: 4533478

A live and archived webcast of the conference call will also be available at the Company's investor relations website at ir.atrenew.com.

About ATRenew Inc.

Headquartered in Shanghai, ATRenew Inc. is a pioneer in technology-driven recycling and trade-in solutions for consumer products in China. Since inception in 2011, ATRenew has been on a mission to give a second life to all idle goods, reducing the environmental impact of pre-owned consumer products by facilitating recycling, trade-ins and distribution that prolong their lifecycle. ATRenew's open platform integrates C2B, B2B, and B2C capabilities to empower its online and offline services. Powered by proprietary technologies and a scalable platform ecosystem, ATRenew enhances transaction efficiency and pricing transparency for consumers and merchants alike while advancing circular economy standards in China. ATRenew is a participant in the United Nations Global Compact, and adheres to its principles-based approach to responsible business.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.7851 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of June 30, 2026.

Use of Non-GAAP Financial Measures

The Company also uses certain non-GAAP financial measures in evaluating its business. For example, the Company uses adjusted income from operations, adjusted net income and adjusted net income per ordinary share as supplemental measures to review and assess its financial and operating performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation, or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. Adjusted income from operations is income from operations excluding the share-based compensation expenses and amortization of intangible assets resulting from assets and business acquisitions. Adjusted net income is net income excluding the share-based compensation expenses and amortization of intangible assets resulting from assets and business acquisitions and tax effects of amortization of intangible assets resulting from assets and business acquisitions. Adjusted net income per ordinary share is adjusted net income attributable to ordinary shareholders divided by weighted average number of shares used in calculating net income per ordinary share.

The Company presents non-GAAP financial measures because they are used by the Company’s management to evaluate the Company’s financial and operating performance and formulate business plans. The Company believes that adjusted income from operations and adjusted net income help identify underlying trends in the Company’s business that could otherwise be distorted by the effect of certain expenses that are included in income from operations and net income. The Company also believes that the use of non-GAAP financial measures facilitates investors’ assessment of the Company’s operating performance. The Company believes that adjusted income from operations and adjusted net income provide useful information about the Company’s operating results, enhance the overall understanding of the Company’s past performance and future prospects and allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision making.

The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using non-GAAP financial measures is that they do not reflect all items of income and expense that affect the Company’s operations. The share-based compensation expenses, amortization of intangible assets resulting from assets and business acquisitions and tax effects of amortization of intangible assets resulting from assets and business acquisitions have been and may continue to be incurred in the Company’s business and is not reflected in the presentation of non-GAAP financial measures. Further, the non-GAAP measures may differ from the non-GAAP measures used by other companies, including peer companies, potentially limiting the comparability of their financial results to the Company’s. In light of the foregoing limitations, the non-GAAP financial measures for the period should not be considered in isolation from or as an alternative to income from operations, net income, and net income attributable to ordinary shareholders per share, or other financial measures prepared in accordance with U.S. GAAP.

The Company compensates for these limitations by reconciling the non-GAAP financial measures to the nearest U.S. GAAP performance measures, which should be considered when evaluating the Company’s performance. For reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures, please see the section of the accompanying tables titled, “Reconciliations of GAAP and Non-GAAP Results.”

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to" and similar statements. Among other things, quotations in this announcement, contain forward-looking statements. ATRenew may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about ATRenew's beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: ATRenew's strategies; ATRenew's future business development, financial condition and results of operations; ATRenew's ability to maintain its relationship with major strategic investors; its ability to facilitate pre-owned consumer electronics transactions and provide relevant services; its ability to maintain and enhance the recognition and reputation of its brand; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in ATRenew's filings with the SEC. All information provided in this press release is as of the date of this press release, and ATRenew does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations Contact

ATRenew Inc.

Investor Relations

Email: [email protected]

Christensen Advisory

Email: [email protected]

ATRENEW INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(Amounts in thousands)

As of December 31, As of June 30,
2025 2026
RMB RMB
ASSETS
Current assets:
Cash and cash equivalents 1,537,461 1,525,554 224,839
Restricted cash 500 1,000 147
Short-term investments 267,641 252,472 37,210
Amount due from related parties, net 414,779 375,052 55,276
Inventories 1,074,080 1,467,275 216,250
Funds receivable from third party payment service providers 381,284 378,141 55,731
Accounts receivables, net 131,599 122,785 18,096
Prepayments and other receivables, net 933,959 967,725 142,623
Total current assets 4,741,303 5,090,004 750,172
Non-current assets:
Long-term investments 485,401 443,036 65,295
Property and equipment, net 239,378 232,130 34,212
Intangible assets, net 10,653 9,096 1,341
Other non-current assets 489,209 529,834 78,088
Total non-current assets 1,224,641 1,214,096 178,936
TOTAL ASSETS 5,965,944 6,304,100 929,108
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short-term borrowings 322,855 455,851 67,184
Accounts payable 335,622 208,002 30,656
Contract liabilities 231,771 358,228 52,796
Accrued expenses and other current liabilities 644,782 726,062 107,008
Accrued payroll and welfare 189,904 234,182 34,514
Amount due to related parties 178,224 174,657 25,741
Total current liabilities 1,903,158 2,156,982 317,899
Non-current liabilities:
Operating lease liabilities, non-current 70,031 78,715 11,601
Deferred tax liabilities 2,352 2,118 312
Total non-current liabilities 72,383 80,833 11,913
TOTAL LIABILITIES 1,975,541 2,237,815 329,812
TOTAL SHAREHOLDERS' EQUITY 3,990,403 4,066,285 599,296
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 5,965,944 6,304,100 929,108

All values are in US Dollars.

ATRENEW INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

(Amounts in thousands, except share and per share and otherwise noted)

Three months ended June 30, Six months ended June 30,
2025 2026 2025 2026
RMB RMB RMB RMB
Net revenues
Net product revenues 4,558,695 6,194,657 912,979 8,822,374 11,924,471 1,757,450
Net service revenues 432,770 414,633 61,109 822,536 844,933 124,528
Operating (expenses) income (1)(2)
Merchandise costs (3,957,556 ) (5,219,165 ) (769,210 ) (7,573,472 ) (10,035,934 ) (1,479,114 )
Fulfillment expenses (413,628 ) (542,257 ) (79,919 ) (841,477 ) (1,066,305 ) (157,154 )
Selling and marketing expenses (406,870 ) (507,938 ) (74,861 ) (825,728 ) (1,001,811 ) (147,649 )
General and administrative expenses (77,521 ) (95,740 ) (14,110 ) (140,895 ) (175,571 ) (25,876 )
Research and development expenses (62,467 ) (77,242 ) (11,384 ) (117,471 ) (150,646 ) (22,202 )
Other operating income, net 17,646 11,340 1,671 17,890 24,471 3,607
Income from operations 91,069 178,288 26,275 163,757 363,608 53,590
Interest expense (1,743 ) (2,168 ) (320 ) (3,628 ) (4,293 ) (633 )
Interest income 5,580 2,947 434 13,954 6,885 1,015
Other income (loss), net 4,770 (5,738 ) (846 ) (1,717 ) (21,711 ) (3,200 )
Income before income taxes and share of loss in equity method investments 99,676 173,329 25,543 172,366 344,489 50,772
Income tax expenses (17,312 ) (24,948 ) (3,677 ) (23,582 ) (43,970 ) (6,480 )
Share of loss in equity method investments (10,028 ) (19,249 ) (2,837 ) (33,648 ) (36,293 ) (5,349 )
Net income 72,336 129,132 19,029 115,136 264,226 38,943
Net income per ordinary share:
Basic 0.45 0.80 0.12 0.72 1.65 0.24
Diluted 0.44 0.80 0.12 0.71 1.65 0.24
Weighted average number of shares used in calculating net income per ordinary share
Basic 161,486,547 161,139,453 161,139,453 160,748,983 160,487,118 160,487,118
Diluted 162,572,624 161,570,852 161,570,852 161,890,426 160,546,055 160,546,055
Net income 72,336 129,132 19,029 115,136 264,226 38,943
Foreign currency translation adjustments (5,742 ) (5,719 ) (843 ) (6,741 ) (12,799 ) (1,886 )
Total comprehensive income 66,594 123,413 18,186 108,395 251,427 37,057

All values are in US Dollars.

ATRENEW INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (CONTINUED)

(Amounts in thousands)

Three months ended June 30, Six months ended June 30,
2025 2026 2025 2026
RMB RMB RMB RMB
(1) Includes share-based compensation expenses as follows:
Fulfillment expenses (3,981 ) (7,626 ) (1,124 ) (6,338 ) (9,371 ) (1,381 )
Selling and marketing expenses (1,753 ) (4,333 ) (639 ) (6,190 ) (4,975 ) (733 )
General and administrative expenses (2,375 ) (10,407 ) (1,534 ) (6,331 ) (11,252 ) (1,658 )
Research and development expenses (4,234 ) (4,894 ) (721 ) (6,217 ) (6,024 ) (888 )
(2) Includes amortization of intangible assets resulting from assets and business acquisitions as follows:
Selling and marketing expenses (17,913 ) (779 ) (115 ) (44,392 ) (1,559 ) (230 )

All values are in US Dollars.

Unaudited Reconciliations of GAAP and Non-GAAP Results

(Amounts in thousands, except share and per share and otherwise noted)

Three months ended June 30, Six months ended June 30,
2025 2026 2025 2026
RMB RMB RMB RMB
Income from operations 91,069 178,288 26,275 163,757 363,608 53,590
Add:
Share-based compensation expenses 12,343 27,260 4,018 25,076 31,622 4,660
Amortization of intangible assets resulting from assets and business acquisitions 17,913 779 115 44,392 1,559 230
Adjusted income from operations (non-GAAP) 121,325 206,327 30,408 233,225 396,789 58,480
Net income 72,336 129,132 19,029 115,136 264,226 38,943
Add:
Share-based compensation expenses 12,343 27,260 4,018 25,076 31,622 4,660
Amortization of intangible assets resulting from assets and business acquisitions 17,913 779 115 44,392 1,559 230
Less:
Tax effects of amortization of intangible assets resulting from assets and business acquisitions (2,687 ) (117 ) (17 ) (6,659 ) (234 ) (34 )
Adjusted net income (non-GAAP) 99,905 157,054 23,145 177,945 297,173 43,799
Adjusted net income per ordinary share (non-GAAP):
Basic 0.62 0.97 0.14 1.11 1.85 0.27
Diluted 0.61 0.97 0.14 1.10 1.85 0.27
Weighted average number of shares used in calculating net income per ordinary share
Basic 161,486,547 161,139,453 161,139,453 160,748,983 160,487,118 160,487,118
Diluted 162,572,624 161,570,852 161,570,852 161,890,426 160,546,055 160,546,055

All values are in US Dollars.