ATRenew Reports Strong Q1 Results, Guides to 25%–27% Growth in Q2

Overview

• ATRenew posted Q1 2026 revenue of RMB 6.16 billion, up 32.4% year over year, with non‑GAAP operating profit rising 70.2% to RMB 190 million.
• The company guided Q2 revenue to RMB 6.24 billion to RMB 6.34 billion, which implies growth of about 25% to 27%.
• A first‑party strategy boosted output of compliant refurbished devices by 76.1% and raised direct‑to‑consumer product sales to 45.1% of revenue from 33% a year earlier.
• Its in‑person network reached 2,156 stores and 2,248 door‑to‑door staff, lifting face‑to‑face fulfillment to 80%.
• Channel scale broadened as JD.com trade‑ins accounted for about 70% of orders and the PJT Marketplace nearly doubled its merchant count to almost 2 million, with multi‑category recycling GMV up 81.5%.