← ATRenew Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Net Income From Continuing Operations | — | — | — | ($2.5b) | ($156.2m) | ($8.2m) | $336.3m | |
| Net Income (Loss) Attributable to Parent | — | ($470.6m) | ($128.1m) | ($357.8m) | ($22.0m) | ($1.1m) | $48.1m | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | ($1.8b) | ($207.9m) | ($357.8m) | ($22.0m) | ($8.2m) | $336.3m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | ($470.6m) | ($128.1m) | — | — | — | — | |
| Depreciation, Depletion and Amortization | $234.7m | $360.8m | $58.6m | $58.8m | $47.0m | $36.6m | $16.6m | |
| Depreciation, Depletion and Amortization | $234.7m | $360.8m | $58.6m | $58.8m | $47.0m | $36.6m | $16.6m | |
| Amortization of Deferred Charges | — | — | — | — | — | $155.6m | $39.1m | |
| Amortization of Intangible Assets | — | $315.1m | $317.8m | $324.2m | $274.0m | $214.0m | $46.0m | |
| Depreciation | $234.7m | $45.7m | $36.7m | $45.8m | $43.1m | $53.0m | $43.1m | |
| Depreciation Amortization Depletion | — | — | — | $405.4m | $333.7m | $267.1m | $116.3m | |
| Deferred Income Tax Expense (Benefit) | — | ($47.3m) | ($143.9m) | ($111.8m) | ($43.7m) | ($58.4m) | ($6.9m) | |
| Deferred tax liabilities | ($30.1m) | ($47.3m) | ($143.9m) | ($111.8m) | ($43.7m) | ($58.4m) | ($6.9m) | |
| Share-based Payment Arrangement, Noncash Expense | — | — | $71.3m | $25.3m | $18.9m | $22.8m | $7.6m | |
| Share-based Payment Arrangement, Expense | — | — | $455k | $174.2m | $134.4m | $166.7m | $52.9m | |
| Equity Method Investment, Other than Temporary Impairment | — | $0 | $0 | $1.8m | $0 | $0 | $0 | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | $3.5m | $2.6m | $0 | — | $0 | $14.2m | |
| Goodwill, Impairment Loss | — | $0 | $0 | $263.9m | $0 | $0 | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | $206.9m | — | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | $206.9m | — | — | — | |
| Share-based compensation | — | — | $454.6m | $174.2m | $134.4m | $166.7m | $52.9m | |
| Asset Impairment Charge | — | — | — | $2.1b | $45.7m | $11.3m | $28.9m | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | ($7.5m) | ($1.0m) | ($938k) | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $15.6m | ($2.7m) | ($11k) | ($275k) | ($753k) | ($516k) | ($367k) | |
| Gain (Loss) on Disposition of Business | — | — | ($92k) | — | — | — | — | |
| Income (Loss) from Equity Method Investments | — | ($7.5m) | ($1.0m) | ($938k) | ($7.1m) | ($8.9m) | ($9.6m) | |
| Income Tax Expense (Benefit) | — | ($47.3m) | ($22.6m) | ($16.2m) | ($6.0m) | ($7.8m) | $8.1m | |
| Operating Lease, Expense | — | $87.7m | — | — | — | — | — | |
| Other Nonoperating Income (Expense) | — | ($39.9m) | ($7.9m) | $5.6m | ($829k) | ($5.7m) | ($1.5m) | |
| Share of loss in equity method investments | $2.2m | $7.5m | $6.6m | $6.5m | $50.4m | $64.7m | $67.3m | |
| Operating lease liabilities | — | — | ($3.8m) | ($53.1m) | ($48.5m) | ($51.1m) | ($68.0m) | |
| Earnings (Loss)es From Equity Investments | — | — | — | $6.5m | $50.4m | $64.7m | $67.3m | |
| Changes in operating assets and liabilities: | ||||||||
| Additional Financial Items | ||||||||
| Increase (Decrease) in Accounts Receivable | — | — | — | — | — | — | $10.2m | |
| Increase (Decrease) in Inventories | — | $111.4m | $47.8m | ($5.3m) | $88.7m | ($63.2m) | $81.7m | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | $4.6m | $1.5m | — | — | — | ($1.2m) | |
| Proceeds from Stock Options Exercised | — | — | — | $415k | $397k | $208k | $351k | |
| Accrued capital expenditures | — | $37.8m | $11.6m | $8.9m | $12.0m | $8.2m | $20.6m | |
| Debt and Equity Securities, Unrealized Gain (Loss) | — | — | — | — | — | $38.4m | ($880k) | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | ($34.7m) | ($2.6m) | $7.0m | ($1.4m) | ($411k) | $384k | |
| General and Administrative Expense | — | $177.5m | $68.0m | $33.4m | $37.5m | $42.0m | $39.3m | |
| Goodwill | — | $1.8b | $283.0m | — | — | — | — | |
| Inventory Write-down | — | — | — | — | $45.7m | $11.3m | $14.7m | |
| Investment Income, Interest | — | $9.3m | $1.3m | $2.6m | $5.3m | $3.7m | $2.9m | |
| Operating Expenses | — | $5.3b | $1.4b | — | — | — | — | |
| Payments of Financing Costs | — | — | — | — | — | — | $3.1m | |
| Unrealized Gain (Loss) on Investments | — | — | $12.1m | $36.4m | — | $2.8m | ($689k) | |
| Net (loss) income | — | ($470.6m) | ($816.5m) | ($2.5b) | ($156.2m) | ($8.2m) | $336.3m | |
| Noncash lease expense | — | — | $40.2m | $53.8m | $47.1m | $53.1m | $67.0m | |
| Provision for allowance for credit losses | $7.6m | $12.7m | $2.1m | $5.9m | $24.7m | $13.1m | $21.4m | |
| Write-down of inventories | — | — | $2.6m | $8.9m | $45.7m | $11.3m | $14.7m | |
| Fair value change of investments | — | — | $11.6m | $36.4m | $4.8m | $35.6m | — | |
| Unrealized fair value change of investments | — | — | — | — | $4.8m | $35.6m | $1.6m | |
| Foreign exchange losses (gains) | ($9.8m) | $34.7m | $16.6m | ($48.6m) | $10.1m | $3.0m | ($2.7m) | |
| Inventories | $9.9m | ($111.4m) | ($304.4m) | $36.4m | ($629.4m) | $461.5m | ($571.4m) | |
| Accounts receivables | — | — | — | — | $93.8m | ($4.3m) | ($71.4m) | |
| Prepayments and other receivables, net | ($56.1m) | ($123.5m) | ($514.8m) | $250.9m | $43.9m | ($30.6m) | ($395.3m) | |
| Amount due from related parties, net | ($84.4m) | ($70.0m) | ($132.8m) | $291.0m | $25.7m | ($33.6m) | ($294.2m) | |
| Funds receivable from third party payment service providers | $32.2m | ($45.8m) | ($280.8m) | $88.8m | $63.2m | $20.0m | ($148.2m) | |
| Other non-current assets | ($2.4m) | $1.1m | $215k | $9.8m | ($5.2m) | ($1.3m) | ($32.3m) | |
| Accounts payable | ($7.0m) | ($8.5m) | $14.1m | $14.5m | $459.0m | ($360.9m) | $164.3m | |
| Contract liabilities | — | — | $178.1m | ($16.6m) | ($75.7m) | ($20.9m) | $132.9m | |
| Accrued expenses and other current liabilities | $64.1m | $63.3m | $43.3m | $177.9m | ($89.7m) | $43.0m | $105.8m | |
| Accrued payroll and welfare | $58.9m | ($457k) | ($9.6m) | ($19.8m) | $13.9m | $33.3m | $10.2m | |
| Amount due to related parties | $60.1m | ($28.0m) | $27.7m | ($72.7m) | $30.4m | $31.7m | $68.5m | |
| Proceeds on acquisition of subsidiary, net | ($5.8m) | — | — | $29.9m | — | — | — | |
| Loans to related parties | ($164.0m) | ($140.7m) | ($166.4m) | ($13.0m) | ($95.0m) | ($184.0m) | ($485.0m) | |
| Loans to third parties | — | — | ($37.0m) | ($12.0m) | ($131.7m) | ($27.2m) | — | |
| Collection of loan repayments from related parties | $103.4m | $178.7m | $200.0m | $13.0m | $95.0m | $190.0m | $485.0m | |
| Collection of loan repayments from third parties | — | — | $33.0m | $5.0m | $14.0m | $16.9m | $2.0m | |
| Cash provided by (used in) investing activities | ($304.3m) | $18.6m | ($670.4m) | ($516.7m) | $172.0m | ($424.4m) | ($136.2m) | |
| Proceeds from short-term borrowings | $376.4m | $764.1m | $253.7m | $186.0m | $623.9m | $844.6m | $563.9m | |
| Repayment for short-term borrowings | ($348.4m) | ($595.1m) | ($561.0m) | ($157.0m) | ($398.0m) | ($969.6m) | ($466.0m) | |
| Repayment of related party loan | ($27k) | ($223k) | — | — | — | — | — | |
| Proceeds from exercise of options | — | — | — | $2.9m | $2.8m | $1.5m | $2.5m | |
| Repurchase of ordinary shares | — | — | — | ($217.9m) | ($160.1m) | ($184.3m) | ($92.3m) | |
| Cash provided by (used in) financing activities | $455.8m | $930.0m | $2.3b | ($186.0m) | $68.7m | ($307.7m) | ($13.7m) | |
| Beginning Cash Position | — | — | — | $1.5b | $1.7b | $2.2b | $2.1b | |
| Cash Flow From Continuing Financing Activities | — | — | — | ($186.0m) | $68.7m | ($307.7m) | ($13.7m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | ($516.7m) | $172.0m | ($424.4m) | ($136.2m) | |
| Change In Account Payable | — | — | — | $14.5m | $459.0m | ($360.9m) | $164.3m | |
| Change In Accrued Expense | — | — | — | $158.2m | ($75.8m) | $76.4m | $116.0m | |
| Change In Inventory | — | — | — | $36.4m | ($629.4m) | $461.5m | ($571.4m) | |
| Change In Other Current Assets | — | — | — | $9.8m | ($5.2m) | ($1.3m) | ($32.3m) | |
| Change In Other Current Liabilities | — | — | — | ($53.1m) | ($48.5m) | ($51.1m) | ($68.0m) | |
| Change In Other Working Capital | — | — | — | ($128.4m) | ($119.3m) | ($79.3m) | $126.0m | |
| Change In Payable | — | — | — | ($58.2m) | $489.4m | ($329.2m) | $232.8m | |
| Change In Payables And Accrued Expense | — | — | — | $99.9m | $413.6m | ($252.9m) | $348.7m | |
| Change In Receivables | — | — | — | $630.8m | $132.7m | ($44.3m) | ($909.1m) | |
| Change In Working Capital | — | — | — | $595.4m | ($256.1m) | $32.7m | ($1.1b) | |
| Changes In Account Receivables | — | — | — | — | $93.8m | ($4.3m) | ($71.4m) | |
| Changes In Cash | — | — | — | $178.6m | $484.6m | ($89.3m) | ($564.4m) | |
| End Cash Position | — | — | — | $1.7b | $2.2b | $2.1b | $1.5b | |
| Financing Cash Flow | — | — | — | ($186.0m) | $68.7m | ($307.7m) | ($13.7m) | |
| Free Cash Flow | — | — | — | $819.8m | $158.7m | $583.0m | ($558.8m) | |
| Gain Loss On Sale Of Business | — | — | $585k | $0 | $0 | — | — | |
| Gain Loss On Sale Of PPE | — | — | — | $1.9m | $5.3m | $3.8m | $2.6m | |
| Investing Cash Flow | — | — | — | ($516.7m) | $172.0m | ($424.4m) | ($136.2m) | |
| Issuance Of Capital Stock | — | — | $2.6b | $0 | $0 | — | — | |
| Net Business Purchase And Sale | — | — | $0 | $29.9m | $0 | $0 | — | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | ($48.6m) | $10.1m | $3.0m | ($2.7m) | |
| Net PPE Purchase And Sale | — | — | — | ($55.9m) | ($83.9m) | ($58.3m) | ($138.5m) | |
| Net Preferred Stock Issuance | — | — | $1.1b | $0 | $0 | — | — | |
| Operating Gains Losses | — | — | — | ($40.3m) | $65.8m | $71.4m | $67.1m | |
| Other Non Cash Items | — | — | — | $53.8m | $47.1m | $53.1m | $67.0m | |
| Preferred Stock Issuance | — | — | $1.1b | $0 | $0 | — | — | |
| Proceeds From Stock Option Exercised | — | — | — | $2.9m | $2.8m | $1.5m | $2.5m | |
| Provisionand Write Offof Assets | — | — | — | $5.9m | $24.7m | $13.1m | $21.4m | |
| Purchase Of Business | — | — | $0 | $29.9m | — | — | — | |
| Purchase Of PPE | — | — | — | ($61.5m) | ($85.2m) | ($59.9m) | ($144.3m) | |
| Repurchase Of Capital Stock | — | — | — | ($217.9m) | ($160.1m) | ($184.3m) | ($92.3m) | |
| Sale Of Business | — | — | $0 | $29.9m | $0 | $0 | — | |
| Sale Of PPE | — | — | — | $5.5m | $1.2m | $1.5m | $5.7m | |
| Stock Based Compensation | — | — | — | $174.2m | $134.4m | $166.7m | $52.9m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | $36.4m | $4.8m | $35.6m | $1.6m | |
| Net Cash Provided by (Used in) Operating Activities | ($410.8m) | ($412.9m) | ($159.7m) | $127.8m | $34.4m | $88.1m | ($59.3m) | |
| Cash flows from investing activities: | ||||||||
| Payments to Acquire Property, Plant, and Equipment | ($103.3m) | $37.8m | $11.6m | $8.9m | $12.0m | $8.2m | $20.6m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | ($4.3m) | — | — | — | |
| Purchases of short-term investments | ($120.9m) | ($99.8m) | ($787.2m) | ($666.3m) | ($421.8m) | ($421.6m) | ($275.0m) | |
| Purchases of long-term investments | ($22.3m) | ($20.0m) | ($215.5m) | ($31.8m) | ($120.9m) | ($150.2m) | ($14.8m) | |
| Net Investment Purchase And Sale | — | — | — | ($483.6m) | $249.5m | ($361.8m) | $392k | |
| Purchase Of Investment | — | — | — | ($878.1m) | ($542.7m) | ($571.8m) | ($289.9m) | |
| Proceeds from maturity of short-term investments | — | $125.6m | $373.7m | $394.5m | $792.2m | $210.0m | $290.2m | |
| Sale Of Investment | — | — | — | $394.5m | $792.2m | $210.0m | $290.2m | |
| Net Other Investing Changes | — | — | — | ($7.0m) | $6.5m | ($4.3m) | $2.0m | |
| Net Cash Provided by (Used in) Investing Activities | — | $18.6m | ($105.2m) | ($74.9m) | $24.2m | ($58.1m) | ($19.5m) | |
| Cash flows from financing activities: | ||||||||
| Issuance Of Debt | — | — | — | $186.0m | $623.9m | $844.6m | $563.9m | |
| Long Term Debt Issuance | — | — | $0 | $0 | — | — | — | |
| Net Issuance Payments Of Debt | — | — | — | $29.0m | $225.9m | ($124.9m) | $97.9m | |
| Net Long Term Debt Issuance | — | — | $0 | $0 | — | — | — | |
| Net Short Term Debt Issuance | — | — | — | $29.0m | $225.9m | ($124.9m) | $97.9m | |
| Short Term Debt Issuance | — | — | — | $186.0m | $623.9m | $844.6m | $563.9m | |
| Long Term Debt Payments | — | — | $0 | $0 | — | — | — | |
| Repayment Of Debt | — | — | — | ($157.0m) | ($398.0m) | ($969.6m) | ($466.0m) | |
| Short Term Debt Payments | — | — | — | ($157.0m) | ($398.0m) | ($969.6m) | ($466.0m) | |
| Common Stock Issuance | — | — | $1.5b | $0 | $0 | — | — | |
| Net Common Stock Issuance | — | — | — | ($217.9m) | ($160.1m) | ($184.3m) | ($92.3m) | |
| Payments for Repurchase of Common Stock | — | — | — | $31.6m | $22.5m | $25.2m | $13.2m | |
| Common Stock Payments | — | — | — | ($217.9m) | ($160.1m) | ($184.3m) | ($92.3m) | |
| Cash Dividends Paid | — | — | — | — | $0 | $0 | $0 | |
| Net Cash Provided by (Used in) Financing Activities | — | $930.0m | $359.3m | ($27.0m) | $9.7m | ($42.2m) | ($2.0m) | |
| Effect of foreign exchange rate changes on cash and cash equivalents | $4.5m | ($28.4m) | ($13.0m) | $18.4m | $2.5m | $1.3m | $179k | |
| Effect Of Exchange Rate Changes | — | — | — | $18.4m | $2.5m | $1.3m | $179k | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $507.3m | $92.3m | $28.6m | $68.6m | ($12.1m) | ($80.7m) | |
| Net (decrease) increase in cash, cash equivalents | ($254.9m) | $507.3m | $588.3m | $197.0m | $487.1m | ($88.0m) | ($564.2m) | |
| Cash, cash equivalent and restricted cash at the beginning of the year | $411.1m | $918.4m | $1.5b | $1.7b | $2.2b | $2.1b | $1.5b | |
| Cash and cash equivalents | $410.8m | $918.1m | $1.4b | $1.7b | $2.0b | $2.0b | $1.5b | |
| Restricted cash | — | — | $150.3m | — | $210.0m | $132.0m | $500k | |
| Restricted cash included in the other non-current assets | — | — | — | — | $2.0m | $500k | $500k | |
| Supplemental disclosure of cash flow information: | ||||||||
| Change In Cash Supplemental As Reported | — | — | — | $197.0m | $487.1m | ($88.0m) | ($564.2m) | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $12.4m | $21.1m | $2.6m | $894k | $994k | $2.1m | $863k | |
| Income Taxes Paid, Net | — | — | — | — | — | — | $18.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.