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

ATRenew Inc. is the larger business by last-quarter revenue ($43.2M vs $24.9M, roughly 1.7× Volato Group, Inc.). ATRenew Inc. runs the higher net margin — 16.9% vs 14.5%, a 2.4% 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.

Volato Aeronaves also known as Volato Aeronaves e Compósitos Ltda is a Brazilian aircraft manufacturer.

RERE vs SOAR — Head-to-Head

Bigger by revenue
RERE
RERE
1.7× larger
RERE
$43.2M
$24.9M
SOAR
Higher net margin
RERE
RERE
2.4% more per $
RERE
16.9%
14.5%
SOAR

Income Statement — Q1 FY2023 vs Q2 FY2025

Metric
RERE
RERE
SOAR
SOAR
Revenue
$43.2M
$24.9M
Net Profit
$7.3M
$3.6M
Gross Margin
15.2%
Operating Margin
3.5%
Net Margin
16.9%
14.5%
Revenue YoY
13632.0%
Net Profit YoY
121.3%
EPS (diluted)
$0.75

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
SOAR
SOAR
Q2 25
$24.9M
Q1 25
$25.5M
Q3 24
$38.5M
Q4 23
$3.2M
Q3 23
$3.7M
Q2 23
$13.0M
Q1 23
$43.2M
$15.7M
Net Profit
RERE
RERE
SOAR
SOAR
Q2 25
$3.6M
Q1 25
$455.0K
Q3 24
$-4.4M
Q4 23
Q3 23
$-11.8M
Q2 23
$-9.9M
Q1 23
$7.3M
$-7.5M
Gross Margin
RERE
RERE
SOAR
SOAR
Q2 25
15.2%
Q1 25
17.6%
Q3 24
16.6%
Q4 23
Q3 23
8.7%
Q2 23
-24.2%
Q1 23
-10.8%
Operating Margin
RERE
RERE
SOAR
SOAR
Q2 25
3.5%
Q1 25
9.9%
Q3 24
5.5%
Q4 23
Q3 23
-50.2%
Q2 23
-71.3%
Q1 23
-50.5%
Net Margin
RERE
RERE
SOAR
SOAR
Q2 25
14.5%
Q1 25
1.8%
Q3 24
-11.5%
Q4 23
Q3 23
-323.6%
Q2 23
-75.8%
Q1 23
16.9%
-48.0%
EPS (diluted)
RERE
RERE
SOAR
SOAR
Q2 25
$0.75
Q1 25
$0.03
Q3 24
$-3.76
Q4 23
Q3 23
$-0.71
Q2 23
$-0.86
Q1 23
$-0.67

Balance Sheet & Financial Strength

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

Metric
RERE
RERE
SOAR
SOAR
Cash + ST InvestmentsLiquidity on hand
$228.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$557.1M
$-7.1M
Total Assets
$722.9M
$13.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RERE
RERE
SOAR
SOAR
Q2 25
Q1 25
Q3 24
Q4 23
Q3 23
Q2 23
Q1 23
$228.0M
Stockholders' Equity
RERE
RERE
SOAR
SOAR
Q2 25
$-7.1M
Q1 25
$-15.8M
Q3 24
$-19.6M
Q4 23
$14.8M
Q3 23
$-34.8M
Q2 23
$-23.0M
Q1 23
$557.1M
$-13.2M
Total Assets
RERE
RERE
SOAR
SOAR
Q2 25
$13.0M
Q1 25
$23.4M
Q3 24
$47.9M
Q4 23
$71.7M
Q3 23
$70.4M
Q2 23
$70.9M
Q1 23
$722.9M
$289.8M

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
SOAR
SOAR
Operating Cash FlowLast quarter
$848.0K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
0.24×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RERE
RERE
SOAR
SOAR
Q2 25
$848.0K
Q1 25
$-312.0K
Q3 24
$-3.1M
Q4 23
$-30.4M
Q3 23
$-10.9M
Q2 23
$-5.6M
Q1 23
$-7.6M
Free Cash Flow
RERE
RERE
SOAR
SOAR
Q2 25
Q1 25
Q3 24
$-3.2M
Q4 23
$-31.0M
Q3 23
$-11.1M
Q2 23
$-5.9M
Q1 23
$-7.9M
FCF Margin
RERE
RERE
SOAR
SOAR
Q2 25
Q1 25
Q3 24
-8.2%
Q4 23
-958.0%
Q3 23
-304.7%
Q2 23
-45.6%
Q1 23
-50.3%
Capex Intensity
RERE
RERE
SOAR
SOAR
Q2 25
0.0%
Q1 25
0.0%
Q3 24
0.1%
Q4 23
19.7%
Q3 23
7.4%
Q2 23
2.2%
Q1 23
1.7%
Cash Conversion
RERE
RERE
SOAR
SOAR
Q2 25
0.24×
Q1 25
-0.69×
Q3 24
Q4 23
Q3 23
Q2 23
Q1 23

Financial Flow Comparison

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

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