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Side-by-side financial comparison of ATRenew Inc. (RERE) and Telesat Corp (TSAT). Click either name above to swap in a different company.

Telesat Corp is the larger business by last-quarter revenue ($73.8M vs $43.2M, roughly 1.7× ATRenew Inc.). ATRenew Inc. runs the higher net margin — 16.9% vs -119.8%, a 136.7% 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.

Telesat, formerly Telesat Canada, is a Canadian satellite communications company founded on May 2, 1969. The company is headquartered in Ottawa.

RERE vs TSAT — Head-to-Head

Bigger by revenue
TSAT
TSAT
1.7× larger
TSAT
$73.8M
$43.2M
RERE
Higher net margin
RERE
RERE
136.7% more per $
RERE
16.9%
-119.8%
TSAT

Income Statement — Q1 FY2023 vs Q3 FY2025

Metric
RERE
RERE
TSAT
TSAT
Revenue
$43.2M
$73.8M
Net Profit
$7.3M
$-88.4M
Gross Margin
95.3%
Operating Margin
5.9%
Net Margin
16.9%
-119.8%
Revenue YoY
Net Profit YoY
EPS (diluted)

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
TSAT
TSAT
Q3 25
$73.8M
Q2 25
$77.5M
Q1 25
$152.2M
Q2 24
$363.2M
Q3 23
$552.5M
Q2 23
$372.4M
Q1 23
$43.2M
$185.8M
Q3 22
$570.7M
Net Profit
RERE
RERE
TSAT
TSAT
Q3 25
$-88.4M
Q2 25
$55.1M
Q1 25
$-52.3M
Q2 24
$547.4M
Q3 23
$-172.5M
Q2 23
$56.3M
Q1 23
$7.3M
$60.6M
Q3 22
$42.1M
Gross Margin
RERE
RERE
TSAT
TSAT
Q3 25
95.3%
Q2 25
95.9%
Q1 25
Q2 24
Q3 23
Q2 23
Q1 23
Q3 22
Operating Margin
RERE
RERE
TSAT
TSAT
Q3 25
5.9%
Q2 25
16.8%
Q1 25
Q2 24
Q3 23
Q2 23
Q1 23
Q3 22
Net Margin
RERE
RERE
TSAT
TSAT
Q3 25
-119.8%
Q2 25
71.2%
Q1 25
-34.4%
Q2 24
150.7%
Q3 23
-31.2%
Q2 23
15.1%
Q1 23
16.9%
32.6%
Q3 22
7.4%

Balance Sheet & Financial Strength

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

Metric
RERE
RERE
TSAT
TSAT
Cash + ST InvestmentsLiquidity on hand
$228.0M
$352.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$557.1M
$1.6B
Total Assets
$722.9M
$5.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RERE
RERE
TSAT
TSAT
Q3 25
$352.3M
Q2 25
$399.6M
Q1 25
$552.1M
Q2 24
$1.7B
Q3 23
$1.7B
Q2 23
$1.7B
Q1 23
$228.0M
$1.7B
Q3 22
$1.4B
Stockholders' Equity
RERE
RERE
TSAT
TSAT
Q3 25
$1.6B
Q2 25
$1.7B
Q1 25
$2.5B
Q2 24
$2.4B
Q3 23
$1.8B
Q2 23
$1.8B
Q1 23
$557.1M
$1.8B
Q3 22
$1.7B
Total Assets
RERE
RERE
TSAT
TSAT
Q3 25
$5.1B
Q2 25
$4.9B
Q1 25
$6.9B
Q2 24
$6.3B
Q3 23
$6.5B
Q2 23
$6.5B
Q1 23
$722.9M
$6.5B
Q3 22
$6.4B

Financial Flow Comparison

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

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