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Side-by-side financial comparison of Orchestra BioMed Holdings, Inc. (OBIO) 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 $30.9M, roughly 1.4× Orchestra BioMed Holdings, Inc.). Orchestra BioMed Holdings, Inc. runs the higher net margin — 20.2% vs 16.9%, a 3.3% gap on every dollar of revenue.

Orchestra BioMed Holdings, Inc. is a clinical-stage medical technology company focused on developing novel, evidence-based therapeutic solutions for cardiovascular and other high-burden chronic diseases. It collaborates with leading healthcare stakeholders, operates primarily across North American and European markets, with core segments covering interventional cardiology and chronic disease care optimization.

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.

OBIO vs RERE — Head-to-Head

Bigger by revenue
RERE
RERE
1.4× larger
RERE
$43.2M
$30.9M
OBIO
Higher net margin
OBIO
OBIO
3.3% more per $
OBIO
20.2%
16.9%
RERE

Income Statement — Q4 FY2025 vs Q1 FY2023

Metric
OBIO
OBIO
RERE
RERE
Revenue
$30.9M
$43.2M
Net Profit
$6.2M
$7.3M
Gross Margin
99.8%
Operating Margin
21.8%
Net Margin
20.2%
16.9%
Revenue YoY
12120.2%
Net Profit YoY
138.7%
EPS (diluted)
$0.28

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

Balance Sheet & Financial Strength

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

Metric
OBIO
OBIO
RERE
RERE
Cash + ST InvestmentsLiquidity on hand
$106.5M
$228.0M
Total DebtLower is stronger
$15.0M
Stockholders' EquityBook value
$53.6M
$557.1M
Total Assets
$114.9M
$722.9M
Debt / EquityLower = less leverage
0.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OBIO
OBIO
RERE
RERE
Q4 25
$106.5M
Q1 23
$228.0M
Total Debt
OBIO
OBIO
RERE
RERE
Q4 25
$15.0M
Q1 23
Stockholders' Equity
OBIO
OBIO
RERE
RERE
Q4 25
$53.6M
Q1 23
$557.1M
Total Assets
OBIO
OBIO
RERE
RERE
Q4 25
$114.9M
Q1 23
$722.9M
Debt / Equity
OBIO
OBIO
RERE
RERE
Q4 25
0.28×
Q1 23

Cash Flow & Capital Efficiency

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

Metric
OBIO
OBIO
RERE
RERE
Operating Cash FlowLast quarter
$-2.3M
Free Cash FlowOCF − Capex
$-2.3M
FCF MarginFCF / Revenue
-7.4%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
-0.36×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OBIO
OBIO
RERE
RERE
Q4 25
$-2.3M
Q1 23
Free Cash Flow
OBIO
OBIO
RERE
RERE
Q4 25
$-2.3M
Q1 23
FCF Margin
OBIO
OBIO
RERE
RERE
Q4 25
-7.4%
Q1 23
Capex Intensity
OBIO
OBIO
RERE
RERE
Q4 25
0.1%
Q1 23
Cash Conversion
OBIO
OBIO
RERE
RERE
Q4 25
-0.36×
Q1 23

Financial Flow Comparison

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

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