ATRenew Inc. published the corrected transcript of its fourth quarter and full year 2025 earnings conference call held on March 11, 2026. Company participants included Founder, Chairman and CEO Kerry Chen, CFO Rex Chen, and Head of Investor Relations Jessie Jin. Analysts on the call included Wan Jiao $(CICC)$, Raphael Tse $(DBS)$, and Brian Lantier (Zacks). Management highlighted record results for 2025, driven by growth in its 1P business and an increasing mix of higher-margin 1PtoC retail. Kerry Chen said the company delivered “robust growth across the Company,” noting Q4 total net revenues of RMB 6.25 billion, up 29.0% year over year, and non-GAAP operating profit of RMB 180 million, up 38.1%. For the full year, total net revenues rose 28.9% to RMB 21.05 billion and non-GAAP operating profit increased 35.5% to RMB 560 million. The company discussed operational expansion to support trade-in demand, including 2,195 AHS stores and 2,154 to-door service members, and said face-to-face trade-in fulfillment exceeded 70%. Kerry Chen reiterated a retail-first goal, stating the company will keep “our target of retail revenue at 50% of 1P business.” ATRenew also pointed to rapid growth in compliant refurbishment and multi-category recycling, as well as continued progress in overseas operations. CFO Rex Chen emphasized margin levers, citing automation: “Our automated quality inspection technology… can reduce quality inspection costs per order by approximately 30% compared to manual inspection.” The company guided Q1 2026 revenue to RMB 5.86 billion to RMB 5.96 billion, implying 25.9% to 28.1% growth. The full transcript can be accessed through the link below.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ATRenew Inc. published the original content used to generate this news brief on March 12, 2026, and is solely responsible for the information contained therein.
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