ATRenew Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	19,643	16,328	12,966	9,869	7,780	4,858
Revenue Growth (YoY)	27.95%	25.94%	31.37%	26.85%	60.15%	23.56%
Cost of Revenue	15,573	13,086	10,339	7,597	5,735	3,610
Gross Profit	4,071	3,242	2,627	2,273	2,045	1,248
Selling, General & Admin	3,548	3,056	2,641	2,890	2,702	1,584
Research & Development	238.27	210.36	195.68	227.81	264.56	151.54
Other Operating Expenses	-53.02	-53.43	-36.26	-41.24	-26.95	-35.84
Operating Expenses	3,733	3,213	2,800	3,077	2,940	1,700
Operating Income	337.64	28.97	-173.34	-803.73	-895.07	-452.33
Interest Expense	-7.57	-15.02	-7.06	-6.16	-16.78	-21.09
Interest & Investment Income	26.13	26.86	37.88	17.78	8.37	9.32
Earnings From Equity Investments	-62.74	-64.66	-50.37	-6.47	-6.56	-7.53
Other Non Operating Income (Expenses)	33.64	-5.66	-1.11	87.41	-22.24	-36.37
EBT Excluding Unusual Items	327.09	-29.51	-194.01	-711.18	-932.28	-507.99
Impairment of Goodwill	-	-	-	-1,820	-	-
Gain (Loss) on Sale of Investments	-35.59	-35.59	-4.77	-48.62	-28.13	-3.5
Asset Writedown	-	-	-	-	-	-6.45
Pretax Income	291.5	-65.11	-198.78	-2,580	-960.41	-517.94
Income Tax Expense	8.12	-56.88	-42.53	-111.78	-143.86	-47.32
Net Income	283.38	-8.23	-156.25	-2,468	-816.55	-470.62
Preferred Dividends & Other Adjustments	-	-	-	-	508.63	1,304
Net Income to Common	283.38	-8.23	-156.25	-2,468	-1,325	-1,775
Shares Outstanding (Basic)	242	242	243	244	144	28
Shares Outstanding (Diluted)	242	242	243	244	144	28
Shares Change (YoY)	-0.89%	-0.33%	-0.40%	69.06%	412.74%	-
EPS (Basic)	1.17	-0.03	-0.64	-10.11	-9.17	-63.01
EPS (Diluted)	1.17	-0.03	-0.64	-10.11	-9.17	-63.01
Free Cash Flow	-	582.95	158.72	819.83	-1,092	-450.71
Free Cash Flow Per Share	-	2.40	0.65	3.36	-7.56	-16.00
Gross Margin	20.72%	19.86%	20.26%	23.03%	26.28%	25.68%
Operating Margin	1.72%	0.18%	-1.34%	-8.14%	-11.50%	-9.31%
Profit Margin	1.44%	-0.05%	-1.21%	-25.01%	-17.03%	-36.54%
Free Cash Flow Margin	-	3.57%	1.22%	8.31%	-14.03%	-9.28%
EBITDA	554.7	296.03	160.39	-398.32	-521.33	-91.55
EBITDA Margin	2.82%	1.81%	1.24%	-4.04%	-6.70%	-1.88%
D&A For EBITDA	217.06	267.06	333.73	405.41	373.75	360.78
EBIT	337.64	28.97	-173.34	-803.73	-895.07	-452.33
EBIT Margin	1.72%	0.18%	-1.34%	-8.14%	-11.50%	-9.31%
Advertising Expenses	-	122.48	124.66	82.92	82.34	19.1

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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