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Side-by-side financial comparison of GLADSTONE LAND Corp (LAND) 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 $41.5M, roughly 1.0× GLADSTONE LAND Corp). ATRenew Inc. runs the higher net margin — 16.9% vs 10.2%, a 6.7% gap on every dollar of revenue.

Hongkong Land (HKL) is a property investment, management and development group with commercial and residential property interests across Asia. It owns and manages some 850,000 sq. m. of office and retail property in Asia, principally in Hong Kong and Singapore. Its Hong Kong portfolio represents some 450,000 sq. m. of commercial property, making it the single largest landlord in Central, Hong Kong. In Singapore it has 165,000 sq. m. of office space mainly held through joint ventures. While it...

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.

LAND vs RERE — Head-to-Head

Bigger by revenue
RERE
RERE
1.0× larger
RERE
$43.2M
$41.5M
LAND
Higher net margin
RERE
RERE
6.7% more per $
RERE
16.9%
10.2%
LAND

Income Statement — Q4 FY2025 vs Q1 FY2023

Metric
LAND
LAND
RERE
RERE
Revenue
$41.5M
$43.2M
Net Profit
$4.2M
$7.3M
Gross Margin
Operating Margin
Net Margin
10.2%
16.9%
Revenue YoY
96.5%
Net Profit YoY
680.0%
EPS (diluted)
$-0.05

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
LAND
LAND
RERE
RERE
Q4 25
$41.5M
Q3 25
$17.8M
Q2 25
$12.3M
Q1 25
$16.8M
Q4 24
$21.1M
Q3 24
$22.6M
Q2 24
$21.3M
Q1 24
$20.3M
Net Profit
LAND
LAND
RERE
RERE
Q4 25
$4.2M
Q3 25
$2.1M
Q2 25
$-7.9M
Q1 25
$15.1M
Q4 24
$540.0K
Q3 24
$6.0K
Q2 24
$-823.0K
Q1 24
$13.6M
Net Margin
LAND
LAND
RERE
RERE
Q4 25
10.2%
Q3 25
11.7%
Q2 25
-64.1%
Q1 25
89.9%
Q4 24
2.6%
Q3 24
0.0%
Q2 24
-3.9%
Q1 24
67.0%
EPS (diluted)
LAND
LAND
RERE
RERE
Q4 25
$-0.05
Q3 25
$-0.11
Q2 25
$-0.38
Q1 25
$0.25
Q4 24
$-0.15
Q3 24
$-0.16
Q2 24
$-0.19
Q1 24
$0.21

Balance Sheet & Financial Strength

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

Metric
LAND
LAND
RERE
RERE
Cash + ST InvestmentsLiquidity on hand
$27.2M
$228.0M
Total DebtLower is stronger
$473.6M
Stockholders' EquityBook value
$670.3M
$557.1M
Total Assets
$1.2B
$722.9M
Debt / EquityLower = less leverage
0.71×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LAND
LAND
RERE
RERE
Q4 25
$27.2M
Q3 25
$11.3M
Q2 25
$30.5M
Q1 25
$42.9M
Q4 24
$18.3M
Q3 24
$13.2M
Q2 24
$49.8M
Q1 24
$51.6M
Total Debt
LAND
LAND
RERE
RERE
Q4 25
$473.6M
Q3 25
$480.4M
Q2 25
$496.4M
Q1 25
$498.8M
Q4 24
$527.5M
Q3 24
$530.7M
Q2 24
$549.4M
Q1 24
$552.2M
Stockholders' Equity
LAND
LAND
RERE
RERE
Q4 25
$670.3M
Q3 25
$661.8M
Q2 25
$670.1M
Q1 25
$689.9M
Q4 24
$687.2M
Q3 24
$691.2M
Q2 24
$708.5M
Q1 24
$723.3M
Total Assets
LAND
LAND
RERE
RERE
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.3B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.4B
Q1 24
$1.4B
Debt / Equity
LAND
LAND
RERE
RERE
Q4 25
0.71×
Q3 25
0.73×
Q2 25
0.74×
Q1 25
0.72×
Q4 24
0.77×
Q3 24
0.77×
Q2 24
0.78×
Q1 24
0.76×

Cash Flow & Capital Efficiency

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

Metric
LAND
LAND
RERE
RERE
Operating Cash FlowLast quarter
$7.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.66×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LAND
LAND
RERE
RERE
Q4 25
$7.0M
Q3 25
$-12.0M
Q2 25
$3.9M
Q1 25
$4.5M
Q4 24
$29.5M
Q3 24
$-1.4M
Q2 24
$15.9M
Q1 24
$3.4M
Cash Conversion
LAND
LAND
RERE
RERE
Q4 25
1.66×
Q3 25
-5.77×
Q2 25
Q1 25
0.30×
Q4 24
54.72×
Q3 24
-227.83×
Q2 24
Q1 24
0.25×

Financial Flow Comparison

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

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