← ATRenew Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current assets: | |||||||
| Cash and Cash Equivalents, at Carrying Value | $918.1m | $212.8m | $247.0m | $278.7m | $269.9m | $219.9m | |
| Prepaid Expense and Other Assets, Current | $268.3m | $131.8m | $78.2m | $79.9m | $81.9m | $133.6m | |
| Short-term Investments | $97.9m | $80.1m | $113.4m | $57.8m | $80.0m | $38.3m | |
| Cash and cash equivalents | $918.1m | $1.4b | $1.7b | $2.0b | $2.0b | $1.5b | |
| Short-term investments (including the fair value measured investments of RMB333,764 and RMB242,641 as of December 31, 2024 and 2025, respectively) | $97.9m | $510.5m | $782.2m | $410.5m | $583.8m | $267.6m | |
| Funds receivable from third party payment service providers | $124.3m | $405.1m | $316.3m | $253.1m | $233.1m | $381.3m | |
| Accounts receivables, net (net of allowance for credit losses of RMB665, RMB2,126 and RMB922 as of December 31, 2023, 2024 and 2025, respectively) | — | — | — | — | $59.0m | $131.6m | |
| Prepayments and other receivables, net (net of allowance for credit losses of RMB15,389, RMB15,683 and RMB1,132 as of December 31, 2023, 2024 and 2025, respectively) | $268.3m | $840.1m | $539.1m | $567.6m | $598.0m | $934.0m | |
| Accounts Receivable | — | — | $150.6m | $56.8m | $59.0m | $131.6m | |
| Allowance For Doubtful Accounts Receivable | — | — | — | — | ($2.1m) | ($922k) | |
| Cash Cash Equivalents And Short Term Investments | — | — | $2.5b | $2.4b | $2.6b | $1.8b | |
| Gross Accounts Receivable | — | — | — | — | $61.1m | $132.5m | |
| Loans Receivable | — | — | — | $122.5m | $134.5m | $112.4m | |
| Non Current Prepaid Assets | — | — | — | — | $0 | $300.0m | |
| Other Current Assets | — | — | $52.3m | $27.4m | $23.0m | $79.6m | |
| Other Receivables | — | — | $855.4m | $253.1m | $233.1m | $381.3m | |
| Other Short Term Investments | — | — | $782.2m | $410.5m | $583.8m | $267.6m | |
| Prepaid Assets | — | — | $222.3m | $251.2m | $279.4m | $600.8m | |
| Receivables Adjustments Allowances | — | — | ($2.4m) | ($16.1m) | ($15.7m) | ($1.1m) | |
| Taxes Receivable | — | — | $99.5m | $125.7m | $117.9m | $118.6m | |
| Inventory, Net | $177.0m | $75.1m | $62.8m | $143.3m | $73.3m | $153.6m | |
| Assets, Current | $1.9b | $651.4m | $564.0m | $637.6m | $571.2m | $678.0m | |
| Total current assets | $1.9b | $4.2b | $3.9b | $4.5b | $4.2b | $4.7b | |
| Long-term investments (including the fair value measured investments of RMB57,660 and RMB56,972 as of December 31, 2024 and 2025, respectively) | $96.4m | $241.5m | $219.6m | $467.1m | $556.1m | $485.4m | |
| Property, Plant and Equipment, Net | $69.6m | $16.3m | $17.2m | $20.9m | $21.4m | $34.2m | |
| Goodwill | $1.8b | $283.0m | $0 | — | — | — | |
| Intangible Assets, Net (Excluding Goodwill) | $1.4b | $168.8m | $79.0m | $38.1m | $7.8m | $1.5m | |
| Intangible assets, net | $1.4b | $1.1b | $544.6m | $270.6m | $56.6m | $10.7m | |
| Goodwill And Other Intangible Assets | — | — | $544.6m | $270.6m | $56.6m | $10.7m | |
| Other Intangible Assets | — | — | $544.6m | $270.6m | $56.6m | $10.7m | |
| Operating Lease, Right-of-Use Asset | — | $69.6m | $78.5m | $55.9m | $127.8m | $132.6m | |
| Other Assets, Noncurrent | $14.5m | $20.0m | $13.9m | $11.3m | $20.8m | $70.0m | |
| Additional Financial Items | |||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | — | — | $150.6m | $56.8m | $61.1m | $18.8m | |
| Restricted cash | — | $150.0m | $0 | $210.0m | $132.0m | $500k | |
| Amount due from related parties, net (net of allowance for credit losses of RMB390 and RMB390 as of December 31, 2024 and 2025, respectively) | $289.2m | $410.1m | $115.5m | $89.6m | $117.2m | $414.8m | |
| Other non-current assets | $14.5m | $127.3m | $95.7m | $80.4m | $152.1m | $489.2m | |
| Short-term borrowings | $369.7m | $95.0m | $124.0m | $349.9m | $225.0m | $322.9m | |
| Contract liabilities | $33.9m | $212.0m | $195.4m | $119.7m | $98.8m | $231.8m | |
| Accrued expenses and other current liabilities | $362.7m | $296.6m | $449.5m | $465.1m | $522.4m | $644.8m | |
| Amount due to related parties | $114.7m | $74.0m | $47.6m | $78.0m | $109.7m | $178.2m | |
| Operating lease liabilities, non-current | — | $34.5m | $33.5m | $22.5m | $79.9m | $70.0m | |
| Ordinary shares value | $11k | $921k | $921k | $921k | $953k | $963k | |
| Treasury shares (US$0.001 par value, 16,439,902 and 17,973,662 shares as of December 31, 2024 and 2025, respectively) | — | — | ($217.9m) | ($378.0m) | ($483.8m) | ($546.5m) | |
| Accumulated Depreciation | — | — | ($166.2m) | ($199.8m) | ($249.7m) | ($316.2m) | |
| Available For Sale Securities | — | — | $127.6m | $336.5m | $402.6m | $329.7m | |
| Buildings And Improvements | — | — | — | $0 | $152.3m | $157.1m | |
| Capital Lease Obligations | — | — | $79.9m | $56.0m | $129.9m | $133.8m | |
| Construction In Progress | — | — | $7.6m | $27.5m | $1.7m | $2.4m | |
| Current Accrued Expenses | — | — | $174.0m | $169.7m | $208.4m | $253.6m | |
| Current Capital Lease Obligation | — | — | $46.4m | $33.5m | $50.0m | $63.7m | |
| Current Debt | — | — | $124.0m | $349.9m | $225.0m | $322.9m | |
| Current Debt And Capital Lease Obligation | — | — | $170.4m | $383.4m | $275.0m | $386.6m | |
| Current Deferred Assets | — | $91.2m | $16.7m | — | $0 | $23.7m | |
| Current Deferred Liabilities | — | — | $195.4m | $119.7m | $98.8m | $231.8m | |
| Current Provisions | — | — | — | $8.2m | $28.4m | $23.3m | |
| Duefrom Related Parties Current | — | — | $115.5m | $89.6m | $117.2m | $414.8m | |
| Duefrom Related Parties Non Current | — | $0 | $180.0m | $0 | — | — | |
| Dueto Related Parties Current | — | — | $47.6m | $78.0m | $109.7m | $178.2m | |
| Gross PPE | — | — | $284.8m | $348.0m | $534.0m | $688.2m | |
| Invested Capital | — | — | $4.0b | $4.1b | $3.9b | $4.3b | |
| Investmentin Financial Assets | — | — | $127.6m | $336.5m | $402.6m | $329.7m | |
| Investments And Advances | — | — | $219.6m | $467.1m | $556.1m | $485.4m | |
| Investments In Other Ventures Under Equity Method | — | — | $42.8m | $51.1m | $75.0m | $63.2m | |
| Investmentsin Associatesat Cost | — | — | $49.2m | $79.4m | $78.5m | $92.5m | |
| Leases | — | — | $125.0m | $139.2m | $155.7m | $194.2m | |
| Line Of Credit | — | — | $124.0m | $349.9m | $225.0m | $322.9m | |
| Long Term Capital Lease Obligation | — | — | $33.5m | $22.5m | $79.9m | $70.0m | |
| Long Term Equity Investment | — | — | $92.0m | $130.5m | $153.5m | $155.7m | |
| Machinery Furniture Equipment | — | — | $81.7m | $106.4m | $134.7m | $197.5m | |
| Net PPE | — | — | $118.6m | $148.2m | $284.4m | $372.0m | |
| Net Tangible Assets | — | — | $3.3b | $3.4b | $3.6b | $4.0b | |
| Non Current Deferred Liabilities | — | — | $111.3m | $67.7m | $9.2m | $2.4m | |
| Ordinary Shares Number | — | — | $149.2m | $146.3m | $146.6m | $146.3m | |
| Other Current Borrowings | — | $103.6m | $129.3m | — | — | — | |
| Other Current Liabilities | — | — | $174.5m | $228.2m | $240.7m | $234.6m | |
| Other Equity Adjustments | — | — | ($25.7m) | ($16.8m) | ($9.5m) | ($13.0m) | |
| Other Payable | — | — | $96.7m | $102.5m | $78.8m | $72.4m | |
| Other Properties | — | — | $70.5m | $74.8m | $89.6m | $136.9m | |
| Properties | — | — | $0 | $0 | $0 | $0 | |
| Share Issued | — | — | $149.2m | $158.6m | $163.0m | $164.3m | |
| Tangible Book Value | — | — | $3.3b | $3.4b | $3.6b | $4.0b | |
| Treasury Shares Number | — | — | — | $12.2m | $16.4m | $18.0m | |
| Working Capital | — | — | $2.9b | $2.8b | $2.9b | $2.8b | |
| Total non-current assets | $3.4b | $3.4b | $1.2b | $966.4m | $921.4m | $1.2b | |
| Total non-current liabilities | $374.6m | $257.6m | $144.8m | $90.2m | $89.2m | $72.4m | |
| TOTAL SHAREHOLDERS' EQUITY | ($5.2b) | $6.4b | $3.9b | $3.7b | $3.7b | $4.0b | |
| Total Capitalization | — | — | $3.9b | $3.7b | $3.7b | $4.0b | |
| Total Debt | — | — | $203.9m | $405.9m | $354.9m | $456.6m | |
| Total Tax Payable | — | — | $90.4m | $69.4m | $95.7m | $187.1m | |
| Assets | $5.2b | $1.2b | $732.0m | $773.7m | $697.4m | $853.1m | |
| TOTAL ASSETS | $5.2b | $7.5b | $5.0b | $5.5b | $5.1b | $6.0b | |
| LIABILITIES AND EQUITY | |||||||
| Current liabilities: | |||||||
| Operating Lease, Liability, Current | — | $35.9m | $46.4m | $33.5m | $50.0m | $63.7m | |
| Accounts Payable, Current | $27.2m | $6.5m | $10.6m | $75.0m | $23.5m | $48.0m | |
| Operating Lease, Liability, Noncurrent | — | $5.4m | $4.9m | $3.2m | $11.0m | $10.0m | |
| Long-term Debt, Excluding Current Maturities | $32.6m | — | — | — | — | — | |
| Accrued payroll and welfare | $115.4m | $105.8m | $132.5m | $146.4m | $179.7m | $189.9m | |
| Current Deferred Revenue | — | — | $195.4m | $119.7m | $98.8m | $231.8m | |
| Payables And Accrued Expenses | — | — | $482.0m | $952.0m | $664.0m | $1.0b | |
| Liabilities, Current | $1.2b | $129.4m | $148.2m | $238.2m | $179.1m | $272.1m | |
| Total current liabilities | $1.2b | $824.7m | $1.0b | $1.7b | $1.3b | $1.9b | |
| Deferred Income Tax Liabilities, Net | $342.0m | $35.0m | $16.1m | $9.5m | $1.3m | $336k | |
| Deferred tax liabilities | $342.0m | $223.1m | $111.3m | $67.7m | $9.2m | $2.4m | |
| Long Term Debt And Capital Lease Obligation | — | — | $33.5m | $22.5m | $79.9m | $70.0m | |
| Non Current Deferred Taxes Liabilities | — | — | $111.3m | $67.7m | $9.2m | $2.4m | |
| Liabilities | $1.6b | $169.8m | $169.2m | $250.9m | $191.3m | $282.5m | |
| TOTAL LIABILITIES | $1.6b | $1.1b | $1.2b | $1.8b | $1.4b | $2.0b | |
| Stockholders’ equity: | |||||||
| Common Stock, Value, Issued | $11k | — | — | — | — | — | |
| Retained Earnings (Accumulated Deficit) | ($5.2b) | ($1.0b) | ($1.3b) | ($1.3b) | ($1.3b) | ($1.3b) | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $2.1m | $677k | ($3.7m) | ($2.4m) | ($1.3m) | ($1.9m) | |
| Additional Paid in Capital, Common Stock | — | $2.0b | $1.9b | $1.9b | $1.8b | $1.9b | |
| Treasury Stock, Common, Value | — | — | $31.6m | $53.2m | $66.3m | $78.1m | |
| Additional paid-in capital | — | $13.0b | $13.1b | $13.3b | $13.4b | $13.4b | |
| Accumulated deficit | ($5.2b) | ($6.5b) | ($9.0b) | ($9.2b) | ($9.2b) | ($8.8b) | |
| Accumulated other comprehensive loss | $2.1m | $4.3m | ($25.7m) | ($16.8m) | ($9.5m) | ($13.0m) | |
| Capital Stock | — | — | $921k | $921k | $953k | $963k | |
| Gains Losses Not Affecting Retained Earnings | — | — | ($25.7m) | ($16.8m) | ($9.5m) | ($13.0m) | |
| Treasury Stock | — | — | $217.9m | $378.0m | $483.8m | $546.5m | |
| Stockholders' Equity Attributable to Parent | ($5.2b) | $1.0b | $562.8m | $522.7m | $506.2m | $570.6m | |
| Total Equity Gross Minority Interest | — | — | $3.9b | $3.7b | $3.7b | $4.0b | |
| Total Non Current Liabilities Net Minority Interest | — | — | $144.8m | $90.2m | $89.2m | $72.4m | |
| Liabilities and Equity | $5.2b | $1.2b | $732.0m | $773.7m | $697.4m | $853.1m | |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $5.2b | $7.5b | $5.0b | $5.5b | $5.1b | $6.0b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.