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Side-by-side financial comparison of Byrna Technologies Inc. (BYRN) 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 $35.2M, roughly 1.2× Byrna Technologies Inc.). ATRenew Inc. runs the higher net margin — 16.9% vs 9.5%, a 7.4% gap on every dollar of revenue.

Byrna Technologies Inc. designs, manufactures and markets innovative less-lethal personal safety and self-defense products, including handheld kinetic launchers, specialized non-lethal projectiles and related accessories. Its core customer segments cover individual consumers, law enforcement agencies, private security firms and educational institutions, with primary markets across North America and expanding global distribution networks.

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.

BYRN vs RERE — Head-to-Head

Bigger by revenue
RERE
RERE
1.2× larger
RERE
$43.2M
$35.2M
BYRN
Higher net margin
RERE
RERE
7.4% more per $
RERE
16.9%
9.5%
BYRN

Income Statement — Q4 FY2025 vs Q1 FY2023

Metric
BYRN
BYRN
RERE
RERE
Revenue
$35.2M
$43.2M
Net Profit
$3.4M
$7.3M
Gross Margin
59.8%
Operating Margin
11.2%
Net Margin
9.5%
16.9%
Revenue YoY
26.0%
Net Profit YoY
-65.2%
EPS (diluted)
$0.14

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
BYRN
BYRN
RERE
RERE
Q4 25
$35.2M
Q3 25
$28.2M
Q2 25
$28.5M
Q1 25
$26.2M
Q4 24
$28.0M
Q3 24
$20.9M
Q2 24
$20.3M
Q1 24
$16.7M
Net Profit
BYRN
BYRN
RERE
RERE
Q4 25
$3.4M
Q3 25
$2.2M
Q2 25
$2.4M
Q1 25
$1.7M
Q4 24
$9.7M
Q3 24
$1.0M
Q2 24
$2.1M
Q1 24
$17.0K
Gross Margin
BYRN
BYRN
RERE
RERE
Q4 25
59.8%
Q3 25
60.1%
Q2 25
61.6%
Q1 25
60.8%
Q4 24
62.8%
Q3 24
62.4%
Q2 24
62.0%
Q1 24
57.9%
Operating Margin
BYRN
BYRN
RERE
RERE
Q4 25
11.2%
Q3 25
10.2%
Q2 25
11.7%
Q1 25
6.5%
Q4 24
14.6%
Q3 24
4.0%
Q2 24
9.4%
Q1 24
-1.0%
Net Margin
BYRN
BYRN
RERE
RERE
Q4 25
9.5%
Q3 25
7.9%
Q2 25
8.5%
Q1 25
6.3%
Q4 24
34.6%
Q3 24
4.9%
Q2 24
10.2%
Q1 24
0.1%
EPS (diluted)
BYRN
BYRN
RERE
RERE
Q4 25
$0.14
Q3 25
$0.09
Q2 25
$0.10
Q1 25
$0.07
Q4 24
$0.42
Q3 24
$0.04
Q2 24
$0.09
Q1 24
$0.00

Balance Sheet & Financial Strength

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

Metric
BYRN
BYRN
RERE
RERE
Cash + ST InvestmentsLiquidity on hand
$15.5M
$228.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$65.8M
$557.1M
Total Assets
$84.5M
$722.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BYRN
BYRN
RERE
RERE
Q4 25
$15.5M
Q3 25
$9.0M
Q2 25
Q1 25
$19.3M
Q4 24
$25.7M
Q3 24
$20.1M
Q2 24
$24.8M
Q1 24
$24.2M
Stockholders' Equity
BYRN
BYRN
RERE
RERE
Q4 25
$65.8M
Q3 25
$63.1M
Q2 25
$60.1M
Q1 25
$56.8M
Q4 24
$54.4M
Q3 24
$44.5M
Q2 24
$45.3M
Q1 24
$43.2M
Total Assets
BYRN
BYRN
RERE
RERE
Q4 25
$84.5M
Q3 25
$78.6M
Q2 25
Q1 25
$71.0M
Q4 24
$71.9M
Q3 24
$59.0M
Q2 24
$57.5M
Q1 24
$52.7M

Cash Flow & Capital Efficiency

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

Metric
BYRN
BYRN
RERE
RERE
Operating Cash FlowLast quarter
$9.9M
Free Cash FlowOCF − Capex
$8.1M
FCF MarginFCF / Revenue
23.1%
Capex IntensityCapex / Revenue
5.1%
Cash ConversionOCF / Net Profit
2.95×
TTM Free Cash FlowTrailing 4 quarters
$-9.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BYRN
BYRN
RERE
RERE
Q4 25
$9.9M
Q3 25
$-2.3M
Q2 25
$-5.5M
Q1 25
$-3.8M
Q4 24
$7.3M
Q3 24
$-1.4M
Q2 24
$1.9M
Q1 24
$3.9M
Free Cash Flow
BYRN
BYRN
RERE
RERE
Q4 25
$8.1M
Q3 25
$-4.5M
Q2 25
$-6.4M
Q1 25
$-6.4M
Q4 24
$6.3M
Q3 24
$-2.1M
Q2 24
$1.4M
Q1 24
$3.8M
FCF Margin
BYRN
BYRN
RERE
RERE
Q4 25
23.1%
Q3 25
-16.0%
Q2 25
-22.4%
Q1 25
-24.5%
Q4 24
22.5%
Q3 24
-10.0%
Q2 24
7.0%
Q1 24
22.6%
Capex Intensity
BYRN
BYRN
RERE
RERE
Q4 25
5.1%
Q3 25
8.0%
Q2 25
3.3%
Q1 25
10.1%
Q4 24
3.4%
Q3 24
3.3%
Q2 24
2.6%
Q1 24
1.0%
Cash Conversion
BYRN
BYRN
RERE
RERE
Q4 25
2.95×
Q3 25
-1.01×
Q2 25
-2.25×
Q1 25
-2.27×
Q4 24
0.75×
Q3 24
-1.36×
Q2 24
0.93×
Q1 24
231.88×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BYRN
BYRN

E Commerce$23.0M65%
Wholesale Dealerdistributors$10.9M31%
Other$1.3M4%

RERE
RERE

Segment breakdown not available.

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