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Side-by-side financial comparison of Cheer Holding, Inc. (CHR) and ATRenew Inc. (RERE). Click either name above to swap in a different company.

Cheer Holding, Inc. is the larger business by last-quarter revenue ($71.0M vs $43.2M, roughly 1.6× ATRenew Inc.). ATRenew Inc. runs the higher net margin — 16.9% vs 10.9%, a 6.0% gap on every dollar of revenue.

Cheer Holding, Inc. is a diversified holding company primarily operating in the Chinese market, with core business segments covering early childhood education services, mobile lifestyle platforms, digital content offerings, and integrated consumer solutions for households and enterprise partners across multiple demand scenarios.

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.

CHR vs RERE — Head-to-Head

Bigger by revenue
CHR
CHR
1.6× larger
CHR
$71.0M
$43.2M
RERE
Higher net margin
RERE
RERE
6.0% more per $
RERE
16.9%
10.9%
CHR

Income Statement — Q2 FY2025 vs Q1 FY2023

Metric
CHR
CHR
RERE
RERE
Revenue
$71.0M
$43.2M
Net Profit
$7.8M
$7.3M
Gross Margin
70.7%
Operating Margin
11.7%
Net Margin
10.9%
16.9%
Revenue YoY
-0.1%
Net Profit YoY
-37.5%
EPS (diluted)
$0.67

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
CHR
CHR
RERE
RERE
Q2 25
$71.0M
Q2 24
$71.1M
Q1 23
$43.2M
Net Profit
CHR
CHR
RERE
RERE
Q2 25
$7.8M
Q2 24
$12.4M
Q1 23
$7.3M
Gross Margin
CHR
CHR
RERE
RERE
Q2 25
70.7%
Q2 24
73.4%
Q1 23
Operating Margin
CHR
CHR
RERE
RERE
Q2 25
11.7%
Q2 24
16.4%
Q1 23
Net Margin
CHR
CHR
RERE
RERE
Q2 25
10.9%
Q2 24
17.5%
Q1 23
16.9%
EPS (diluted)
CHR
CHR
RERE
RERE
Q2 25
$0.67
Q2 24
$1.23
Q1 23

Balance Sheet & Financial Strength

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

Metric
CHR
CHR
RERE
RERE
Cash + ST InvestmentsLiquidity on hand
$228.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$322.1M
$557.1M
Total Assets
$362.7M
$722.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHR
CHR
RERE
RERE
Q2 25
Q2 24
$186.1M
Q1 23
$228.0M
Stockholders' Equity
CHR
CHR
RERE
RERE
Q2 25
$322.1M
Q2 24
$286.1M
Q1 23
$557.1M
Total Assets
CHR
CHR
RERE
RERE
Q2 25
$362.7M
Q2 24
$333.2M
Q1 23
$722.9M

Cash Flow & Capital Efficiency

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

Metric
CHR
CHR
RERE
RERE
Operating Cash FlowLast quarter
$3.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.51×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHR
CHR
RERE
RERE
Q2 25
$3.9M
Q2 24
$-6.7M
Q1 23
Cash Conversion
CHR
CHR
RERE
RERE
Q2 25
0.51×
Q2 24
-0.54×
Q1 23

Financial Flow Comparison

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

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