ATRenew 28.9% Annual Revenue Growth to RMB21.05B, Declares Dividend
ATRenew’s 2025 revenue jumped nearly 29% to RMB6,254.2 million in Q4 and RMB21,048.3 million for the year, with adjusted operating income up 38.1% to RMB181.5 million in Q4 and 35.5% to RMB555.0 million annually. Transactions hit 11.0 million products in Q4 and 41.7 million in 2025, and a cash dividend was approved.
1. Financial Results
ATRenew reported fourth-quarter 2025 net revenues of RMB6,254.2 million, a 29.0% increase year-on-year, and full-year revenues of RMB21,048.3 million, up 28.9%. Income from operations rose to RMB171.6 million in Q4 from RMB53.1 million a year earlier, while full-year operating income climbed to RMB456.2 million from RMB29.0 million.
2. Transaction Volume Growth
The company transacted 11.0 million consumer products in the fourth quarter of 2025, up from 9.4 million in Q4 2024. For the full year, total products distributed through its marketplaces reached 41.7 million, versus 35.3 million in 2024.
3. Profitability Improvement
Adjusted operating income (non-GAAP) increased 38.1% year-on-year in Q4 to RMB181.5 million and 35.5% for the full year to RMB555.0 million. This improvement reflected economies of scale, enhanced automation and technology-driven supply chain optimization.
4. Cash Dividend Declaration
The board approved a cash dividend for shareholders, highlighting confidence in the company’s cash flow generation and commitment to returning value to investors.