On Tuesday, shares of ATRenew Inc. (RERE.US) surged more than 11% at the market open, trading at $5. The move followed the company's release of its 2026 first-quarter financial results on May 19th. The report showed that the company's total revenue for the quarter reached 6.16 billion yuan, representing a year-over-year increase of 32.4% and exceeding the high end of its previous revenue guidance. On the profit front, adjusted operating profit was 190 million yuan, up 70.2% year-over-year, while Non-GAAP net profit reached 140 million yuan, marking a significant 79.6% increase compared to the same period last year. Data indicates that as of the end of the first quarter of 2026, ATRenew's offline store count expanded to 2,156 from 1,886 a year earlier, covering 297 cities. The number of door-to-door service personnel also increased from 1,765 to 2,248. Notably, despite the rise in both fixed assets and labor costs, the company's Non-GAAP fulfillment and sales expense ratio showed a year-over-year improvement.