vs

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

ATRenew Inc. is the larger business by last-quarter revenue ($43.2M vs $23.0M, roughly 1.9× Tectonic Financial, Inc.). Tectonic Financial, Inc. runs the higher net margin — 23.8% vs 16.9%, a 6.9% 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.

Tectonic Financial, Inc. is a US-based diversified financial services provider. It offers core services including wealth management, investment banking, capital markets advisory, and tailored financial solutions. Its key client segments cover high-net-worth individuals, institutional investors, and small to mid-sized enterprises across North America.

RERE vs TECTP — Head-to-Head

Bigger by revenue
RERE
RERE
1.9× larger
RERE
$43.2M
$23.0M
TECTP
Higher net margin
TECTP
TECTP
6.9% more per $
TECTP
23.8%
16.9%
RERE

Income Statement — Q1 FY2023 vs Q3 FY2025

Metric
RERE
RERE
TECTP
TECTP
Revenue
$43.2M
$23.0M
Net Profit
$7.3M
$5.5M
Gross Margin
Operating Margin
30.6%
Net Margin
16.9%
23.8%
Revenue YoY
17.9%
Net Profit YoY
15.9%
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
TECTP
TECTP
Q3 25
$23.0M
Q2 25
$21.6M
Q1 25
$21.8M
Q4 24
$21.4M
Q3 24
$19.5M
Q2 24
$18.6M
Q1 24
$17.6M
Q4 23
$1.7M
Net Profit
RERE
RERE
TECTP
TECTP
Q3 25
$5.5M
Q2 25
$4.3M
Q1 25
$4.5M
Q4 24
$3.0M
Q3 24
$4.7M
Q2 24
$3.1M
Q1 24
$3.1M
Q4 23
$3.3M
Operating Margin
RERE
RERE
TECTP
TECTP
Q3 25
30.6%
Q2 25
25.9%
Q1 25
26.0%
Q4 24
22.1%
Q3 24
29.1%
Q2 24
21.5%
Q1 24
22.2%
Q4 23
Net Margin
RERE
RERE
TECTP
TECTP
Q3 25
23.8%
Q2 25
19.8%
Q1 25
20.4%
Q4 24
14.0%
Q3 24
24.2%
Q2 24
16.9%
Q1 24
17.4%
Q4 23
197.4%
EPS (diluted)
RERE
RERE
TECTP
TECTP
Q3 25
$0.73
Q2 25
$0.55
Q1 25
$0.57
Q4 24
$0.35
Q3 24
$0.58
Q2 24
$0.38
Q1 24
$0.37
Q4 23
$0.40

Balance Sheet & Financial Strength

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

Metric
RERE
RERE
TECTP
TECTP
Cash + ST InvestmentsLiquidity on hand
$228.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$557.1M
$119.2M
Total Assets
$722.9M
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Stockholders' Equity
RERE
RERE
TECTP
TECTP
Q3 25
$119.2M
Q2 25
$114.6M
Q1 25
$111.3M
Q4 24
$113.4M
Q3 24
$112.8M
Q2 24
$110.4M
Q1 24
$108.5M
Q4 23
$106.9M
Total Assets
RERE
RERE
TECTP
TECTP
Q3 25
$1.1B
Q2 25
$997.0M
Q1 25
$910.5M
Q4 24
$863.4M
Q3 24
$847.5M
Q2 24
$777.1M
Q1 24
$777.6M
Q4 23
$677.3M

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
TECTP
TECTP
Operating Cash FlowLast quarter
$-17.3M
Free Cash FlowOCF − Capex
$-17.3M
FCF MarginFCF / Revenue
-74.9%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-3.14×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RERE
RERE
TECTP
TECTP
Q3 25
$-17.3M
Q2 25
$-32.5M
Q1 25
$-35.6M
Q4 24
$-86.6M
Q3 24
$-22.5M
Q2 24
$-30.7M
Q1 24
$-3.2M
Q4 23
$-16.7M
Free Cash Flow
RERE
RERE
TECTP
TECTP
Q3 25
$-17.3M
Q2 25
Q1 25
$-35.6M
Q4 24
$-86.8M
Q3 24
$-22.5M
Q2 24
$-30.7M
Q1 24
$-3.3M
Q4 23
$-16.7M
FCF Margin
RERE
RERE
TECTP
TECTP
Q3 25
-74.9%
Q2 25
Q1 25
-163.2%
Q4 24
-406.5%
Q3 24
-115.0%
Q2 24
-165.5%
Q1 24
-18.8%
Q4 23
-996.2%
Capex Intensity
RERE
RERE
TECTP
TECTP
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
1.0%
Q3 24
0.1%
Q2 24
0.3%
Q1 24
0.9%
Q4 23
0.4%
Cash Conversion
RERE
RERE
TECTP
TECTP
Q3 25
-3.14×
Q2 25
-7.61×
Q1 25
-8.00×
Q4 24
-28.99×
Q3 24
-4.74×
Q2 24
-9.76×
Q1 24
-1.03×
Q4 23
-5.04×

Financial Flow Comparison

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

Related Comparisons