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Side-by-side financial comparison of ATRenew Inc. (RERE) and RHYTHM PHARMACEUTICALS, INC. (RYTM). Click either name above to swap in a different company.

RHYTHM PHARMACEUTICALS, INC. is the larger business by last-quarter revenue ($57.3M vs $43.2M, roughly 1.3× ATRenew Inc.). ATRenew Inc. runs the higher net margin — 16.9% vs -83.0%, a 99.9% gap on every dollar of revenue.

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.

Rhythm Pharmaceuticals is a biopharmaceutical firm focused on developing and commercializing targeted therapies for rare genetic disorders causing severe unmanageable obesity, including POMC deficiency, LEPR deficiency, and Bardet-Biedl syndrome. It serves patients in North America and Europe who lack effective standard treatments for their chronic life-altering conditions.

RERE vs RYTM — Head-to-Head

Bigger by revenue
RYTM
RYTM
1.3× larger
RYTM
$57.3M
$43.2M
RERE
Higher net margin
RERE
RERE
99.9% more per $
RERE
16.9%
-83.0%
RYTM

Income Statement — Q1 FY2023 vs Q4 FY2025

Metric
RERE
RERE
RYTM
RYTM
Revenue
$43.2M
$57.3M
Net Profit
$7.3M
$-47.5M
Gross Margin
91.6%
Operating Margin
-82.2%
Net Margin
16.9%
-83.0%
Revenue YoY
36.9%
Net Profit YoY
-9.6%
EPS (diluted)
$-0.73

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
RERE
RERE
RYTM
RYTM
Q4 25
$57.3M
Q3 25
$51.3M
Q2 25
$48.5M
Q1 25
$32.7M
Q4 24
$41.8M
Q3 24
$33.3M
Q2 24
$29.1M
Q1 24
$26.0M
Net Profit
RERE
RERE
RYTM
RYTM
Q4 25
$-47.5M
Q3 25
$-52.9M
Q2 25
$-46.6M
Q1 25
$-49.5M
Q4 24
$-43.3M
Q3 24
$-43.6M
Q2 24
$-32.3M
Q1 24
$-141.4M
Gross Margin
RERE
RERE
RYTM
RYTM
Q4 25
91.6%
Q3 25
89.3%
Q2 25
88.6%
Q1 25
88.8%
Q4 24
90.9%
Q3 24
88.5%
Q2 24
89.9%
Q1 24
89.2%
Operating Margin
RERE
RERE
RYTM
RYTM
Q4 25
-82.2%
Q3 25
-102.6%
Q2 25
-93.4%
Q1 25
-143.7%
Q4 24
-98.6%
Q3 24
-132.0%
Q2 24
-139.2%
Q1 24
-538.7%
Net Margin
RERE
RERE
RYTM
RYTM
Q4 25
-83.0%
Q3 25
-103.1%
Q2 25
-96.1%
Q1 25
-151.4%
Q4 24
-103.6%
Q3 24
-131.2%
Q2 24
-110.9%
Q1 24
-544.4%
EPS (diluted)
RERE
RERE
RYTM
RYTM
Q4 25
$-0.73
Q3 25
$-0.82
Q2 25
$-0.75
Q1 25
$-0.81
Q4 24
$-0.71
Q3 24
$-0.73
Q2 24
$-0.55
Q1 24
$-2.35

Balance Sheet & Financial Strength

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

Metric
RERE
RERE
RYTM
RYTM
Cash + ST InvestmentsLiquidity on hand
$228.0M
$388.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$557.1M
$139.1M
Total Assets
$722.9M
$480.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RERE
RERE
RYTM
RYTM
Q4 25
$388.9M
Q3 25
$416.1M
Q2 25
$291.0M
Q1 25
$314.5M
Q4 24
$320.6M
Q3 24
$298.4M
Q2 24
$319.1M
Q1 24
$201.2M
Stockholders' Equity
RERE
RERE
RYTM
RYTM
Q4 25
$139.1M
Q3 25
$148.8M
Q2 25
$-11.9M
Q1 25
$18.9M
Q4 24
$21.7M
Q3 24
$11.2M
Q2 24
$39.3M
Q1 24
$61.6M
Total Assets
RERE
RERE
RYTM
RYTM
Q4 25
$480.2M
Q3 25
$506.9M
Q2 25
$372.7M
Q1 25
$386.7M
Q4 24
$392.3M
Q3 24
$363.6M
Q2 24
$381.8M
Q1 24
$258.7M

Cash Flow & Capital Efficiency

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

Metric
RERE
RERE
RYTM
RYTM
Operating Cash FlowLast quarter
$-25.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RERE
RERE
RYTM
RYTM
Q4 25
$-25.4M
Q3 25
$-26.6M
Q2 25
$-23.3M
Q1 25
$-40.4M
Q4 24
$-18.8M
Q3 24
$-25.2M
Q2 24
$-29.1M
Q1 24
$-40.7M

Financial Flow Comparison

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

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