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Side-by-side financial comparison of ADC Therapeutics SA (ADCT) and ATRenew Inc. (RERE). Click either name above to swap in a different company.

ATRenew Inc. is the larger business by last-quarter revenue ($43.2M vs $23.1M, roughly 1.9× ADC Therapeutics SA).

ADC Telecommunications, Inc. was a communications company in Eden Prairie, Minnesota, a southwest suburb of Minneapolis. It was acquired by TE Connectivity in December 2010 and ceased to exist as a separate entity. ADC products were sold by CommScope after it acquired the Broadband Network Solutions business unit from TE Connectivity in August 2015.

ATRenew Inc. operates a leading pre-owned consumer electronics transaction and servicing ecosystem primarily in China. Its core services include end-to-end device recycling, professional quality inspection, certified refurbishment, and resale of smartphones, laptops, tablets and other digital products, serving both individual consumers and enterprise clients across domestic and select Southeast Asian markets.

ADCT vs RERE — Head-to-Head

Bigger by revenue
RERE
RERE
1.9× larger
RERE
$43.2M
$23.1M
ADCT

Income Statement — Q4 FY2025 vs Q1 FY2023

Metric
ADCT
ADCT
RERE
RERE
Revenue
$23.1M
$43.2M
Net Profit
$7.3M
Gross Margin
Operating Margin
-77.7%
Net Margin
16.9%
Revenue YoY
36.4%
Net Profit YoY
EPS (diluted)
$0.04

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ADCT
ADCT
RERE
RERE
Q4 25
$23.1M
Q3 25
$15.8M
Q2 25
$18.1M
Q1 25
$17.4M
Q4 24
$16.9M
Q3 24
$18.0M
Q2 24
$17.0M
Q1 24
$17.8M
Net Profit
ADCT
ADCT
RERE
RERE
Q4 25
Q3 25
$-41.0M
Q2 25
$-56.6M
Q1 25
$-38.6M
Q4 24
Q3 24
$-44.0M
Q2 24
$-36.5M
Q1 24
$-46.6M
Operating Margin
ADCT
ADCT
RERE
RERE
Q4 25
-77.7%
Q3 25
-196.6%
Q2 25
-244.1%
Q1 25
-163.5%
Q4 24
-191.8%
Q3 24
-197.4%
Q2 24
-170.5%
Q1 24
-188.3%
Net Margin
ADCT
ADCT
RERE
RERE
Q4 25
Q3 25
-260.1%
Q2 25
-313.2%
Q1 25
-221.8%
Q4 24
Q3 24
-244.1%
Q2 24
-214.6%
Q1 24
-261.1%
EPS (diluted)
ADCT
ADCT
RERE
RERE
Q4 25
$0.04
Q3 25
$-0.30
Q2 25
$-0.50
Q1 25
$-0.36
Q4 24
$-0.26
Q3 24
$-0.42
Q2 24
$-0.38
Q1 24
$-0.56

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ADCT
ADCT
RERE
RERE
Cash + ST InvestmentsLiquidity on hand
$261.3M
$228.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-185.8M
$557.1M
Total Assets
$323.1M
$722.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADCT
ADCT
RERE
RERE
Q4 25
$261.3M
Q3 25
$234.7M
Q2 25
$264.6M
Q1 25
$194.7M
Q4 24
$250.9M
Q3 24
$274.3M
Q2 24
$300.1M
Q1 24
$234.3M
Stockholders' Equity
ADCT
ADCT
RERE
RERE
Q4 25
$-185.8M
Q3 25
$-238.2M
Q2 25
$-199.2M
Q1 25
$-238.2M
Q4 24
$-202.6M
Q3 24
$-171.9M
Q2 24
$-131.7M
Q1 24
$-194.4M
Total Assets
ADCT
ADCT
RERE
RERE
Q4 25
$323.1M
Q3 25
$289.8M
Q2 25
$321.6M
Q1 25
$272.5M
Q4 24
$322.0M
Q3 24
$349.1M
Q2 24
$371.8M
Q1 24
$308.0M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ADCT
ADCT
RERE
RERE
Operating Cash FlowLast quarter
$-31.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADCT
ADCT
RERE
RERE
Q4 25
$-31.1M
Q3 25
$-29.6M
Q2 25
$-24.1M
Q1 25
$-56.3M
Q4 24
$-21.9M
Q3 24
$-25.0M
Q2 24
$-32.8M
Q1 24
$-44.1M
Free Cash Flow
ADCT
ADCT
RERE
RERE
Q4 25
Q3 25
Q2 25
Q1 25
$-56.6M
Q4 24
$-21.9M
Q3 24
$-25.3M
Q2 24
$-32.9M
Q1 24
$-44.6M
FCF Margin
ADCT
ADCT
RERE
RERE
Q4 25
Q3 25
Q2 25
Q1 25
-325.2%
Q4 24
-129.8%
Q3 24
-140.2%
Q2 24
-193.0%
Q1 24
-250.0%
Capex Intensity
ADCT
ADCT
RERE
RERE
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
1.5%
Q4 24
0.5%
Q3 24
1.2%
Q2 24
0.2%
Q1 24
3.0%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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