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

ATRenew Inc. is the larger business by last-quarter revenue ($43.2M vs $27.2M, roughly 1.6× SUNation Energy, Inc.). ATRenew Inc. runs the higher net margin — 16.9% vs 9.6%, a 7.3% 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.

Suncor Energy Inc. is a Canadian integrated energy company based in Calgary, Alberta. It specializes in production of synthetic crude from oil sands. In the 2020 Forbes Global 2000, Suncor Energy was ranked as the 48th-largest public company in the world.

RERE vs SUNE — Head-to-Head

Bigger by revenue
RERE
RERE
1.6× larger
RERE
$43.2M
$27.2M
SUNE
Higher net margin
RERE
RERE
7.3% more per $
RERE
16.9%
9.6%
SUNE

Income Statement — Q1 FY2023 vs Q4 FY2025

Metric
RERE
RERE
SUNE
SUNE
Revenue
$43.2M
$27.2M
Net Profit
$7.3M
$2.6M
Gross Margin
40.7%
Operating Margin
10.7%
Net Margin
16.9%
9.6%
Revenue YoY
77.0%
Net Profit YoY
138.2%
EPS (diluted)
$105.59

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
SUNE
SUNE
Q4 25
$27.2M
Q3 25
$19.0M
Q2 25
$13.1M
Q1 25
$12.6M
Q4 24
$15.4M
Q3 24
$14.7M
Q2 24
$13.5M
Q1 24
$13.2M
Net Profit
RERE
RERE
SUNE
SUNE
Q4 25
$2.6M
Q3 25
$-393.0K
Q2 25
$-9.6M
Q1 25
$-3.5M
Q4 24
$-6.8M
Q3 24
$-3.3M
Q2 24
$-6.9M
Q1 24
$1.2M
Gross Margin
RERE
RERE
SUNE
SUNE
Q4 25
40.7%
Q3 25
38.0%
Q2 25
37.0%
Q1 25
35.1%
Q4 24
36.4%
Q3 24
35.6%
Q2 24
35.4%
Q1 24
36.4%
Operating Margin
RERE
RERE
SUNE
SUNE
Q4 25
10.7%
Q3 25
-1.3%
Q2 25
-16.6%
Q1 25
-17.2%
Q4 24
-42.3%
Q3 24
-10.9%
Q2 24
-15.0%
Q1 24
-16.5%
Net Margin
RERE
RERE
SUNE
SUNE
Q4 25
9.6%
Q3 25
-2.1%
Q2 25
-73.5%
Q1 25
-27.7%
Q4 24
-44.4%
Q3 24
-22.4%
Q2 24
-51.2%
Q1 24
9.1%
EPS (diluted)
RERE
RERE
SUNE
SUNE
Q4 25
$105.59
Q3 25
$-0.12
Q2 25
$-3.14
Q1 25
$-106.71
Q4 24
$41676.94
Q3 24
$-2350.12
Q2 24
$-11022.91
Q1 24
$-38414.84

Balance Sheet & Financial Strength

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

Metric
RERE
RERE
SUNE
SUNE
Cash + ST InvestmentsLiquidity on hand
$228.0M
$7.2M
Total DebtLower is stronger
$6.6M
Stockholders' EquityBook value
$557.1M
$24.3M
Total Assets
$722.9M
$48.2M
Debt / EquityLower = less leverage
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RERE
RERE
SUNE
SUNE
Q4 25
$7.2M
Q3 25
$5.4M
Q2 25
$3.2M
Q1 25
$1.4M
Q4 24
$839.3K
Q3 24
$1.1M
Q2 24
$1.0M
Q1 24
$1.8M
Total Debt
RERE
RERE
SUNE
SUNE
Q4 25
$6.6M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
RERE
RERE
SUNE
SUNE
Q4 25
$24.3M
Q3 25
$21.7M
Q2 25
$22.1M
Q1 25
$14.8M
Q4 24
$8.5M
Q3 24
$13.1M
Q2 24
$-10.9M
Q1 24
$-11.2M
Total Assets
RERE
RERE
SUNE
SUNE
Q4 25
$48.2M
Q3 25
$49.6M
Q2 25
$44.1M
Q1 25
$44.4M
Q4 24
$45.7M
Q3 24
$51.0M
Q2 24
$52.9M
Q1 24
$54.7M
Debt / Equity
RERE
RERE
SUNE
SUNE
Q4 25
0.27×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

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
SUNE
SUNE
Operating Cash FlowLast quarter
$2.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.81×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RERE
RERE
SUNE
SUNE
Q4 25
$2.1M
Q3 25
$2.4M
Q2 25
$-130.2K
Q1 25
$-3.4M
Q4 24
$-1.9M
Q3 24
$-968.1K
Q2 24
$-776.4K
Q1 24
$-2.6M
Free Cash Flow
RERE
RERE
SUNE
SUNE
Q4 25
Q3 25
$2.4M
Q2 25
Q1 25
Q4 24
$-1.9M
Q3 24
$-980.3K
Q2 24
$-788.4K
Q1 24
$-2.7M
FCF Margin
RERE
RERE
SUNE
SUNE
Q4 25
Q3 25
12.5%
Q2 25
Q1 25
Q4 24
-12.4%
Q3 24
-6.7%
Q2 24
-5.8%
Q1 24
-20.1%
Capex Intensity
RERE
RERE
SUNE
SUNE
Q4 25
Q3 25
0.0%
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
0.1%
Q2 24
0.1%
Q1 24
0.0%
Cash Conversion
RERE
RERE
SUNE
SUNE
Q4 25
0.81×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-2.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

RERE
RERE

Segment breakdown not available.

SUNE
SUNE

Transferred At Point In Time$15.1M55%
Hawaii Energy Connection$10.0M37%
Transferred Over Time$2.1M8%

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