RLX Technology $RLX

Consumer Staples

$1.65
-0.04 (-2.08%)
As of Oct 22, 2026, 2:54 PM EDT · cached
Price history
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RLX Technology (RLX) is trading down at $1.65 (-2.08%), as of the latest quote. It operates in the Consumer Staples sector.

IPO: January 22, 2021 · $12.00 offering · NYSE · View IPO details →

RLX Technology revenue & net income history (FY2018–FY2025)

RevenueNet incomeNet margin (right axis, %)
CN¥8.52BCN¥4.20B−CN¥128.1MFY2018 revenue: CN¥132.6MFY2018 net income: −CN¥287.0K · Net margin −0.2%'18FY2019 revenue: CN¥1.55BFY2019 net income: CN¥47.7M · Net margin 3.1%'19FY2020 revenue: CN¥3.82BFY2020 net income: −CN¥128.1M · Net margin −3.4%'20FY2021 revenue: CN¥8.52BFY2021 net income: CN¥2.02B · Net margin 23.8%'21FY2022 revenue: CN¥5.33BFY2022 net income: CN¥1.44B · Net margin 27.0%'22FY2023 revenue: CN¥1.59BFY2023 net income: CN¥534.3M · Net margin 33.7%'23FY2024 revenue: CN¥2.75BFY2024 net income: CN¥551.8M · Net margin 20.1%'24FY2025 revenue: CN¥3.96BFY2025 net income: CN¥921.9M · Net margin 23.3%'250%20%40%60%80%FY2018 net margin: −0.2%FY2019 net margin: 3.1%FY2020 net margin: −3.4% (off the scale, which stops at −1.2%)FY2021 net margin: 23.8%FY2022 net margin: 27.0%FY2023 net margin: 33.7%FY2024 net margin: 20.1%FY2025 net margin: 23.3%
RLX Technology annual financial statements
FY2018Dec 2018FY2019Dec 2019FY2020Dec 2020FY2021Dec 2021FY2022Dec 2022FY2023Dec 2023FY2024Dec 2024FY2025Dec 2025
Income statement
RevenueCN¥132.6MCN¥1.55BCN¥3.82BCN¥8.52BCN¥5.33BCN¥1.59BCN¥2.75BCN¥3.96B
Growth (year over year)—+1068.3%+146.5%+123.1%−37.4%−70.3%+73.3%+44.0%
Gross profitCN¥59.2MCN¥580.9MCN¥1.53BCN¥3.67BCN¥2.31BCN¥387.7MCN¥726.5MCN¥1.18B
Gross margin44.7%37.5%40.0%43.1%43.2%24.4%26.4%29.9%
Operating incomeCN¥2.21MCN¥56.4MCN¥13.1MCN¥2.30BCN¥1.06B−CN¥496.7M−CN¥107.1MCN¥328.6M
Operating margin1.7%3.6%0.3%27.0%19.9%−31.3%−3.9%8.3%
Net income−CN¥287.0KCN¥47.7M−CN¥128.1MCN¥2.02BCN¥1.44BCN¥534.3MCN¥551.8MCN¥921.9M
Net margin−0.2%3.1%−3.4%23.8%27.0%33.7%20.1%23.3%
EPS (diluted)−CN¥0.00CN¥0.03−CN¥0.09CN¥1.44CN¥1.08CN¥0.40CN¥0.43CN¥0.70
Balance sheet
Cash and equivalentsCN¥68.2MCN¥135.5MCN¥1.11BCN¥5.21BCN¥1.27BCN¥2.39BCN¥5.59BCN¥5.37B
Total assets—CN¥1.44BCN¥4.06BCN¥16.4BCN¥16.4BCN¥16.3BCN¥16.9BCN¥17.9B
Total liabilities—CN¥1.34BCN¥2.55BCN¥2.85BCN¥838.5MCN¥716.7MCN¥881.1MCN¥2.20B
Shareholders' equityCN¥6.62MCN¥106.3MCN¥1.51BCN¥13.5BCN¥15.6BCN¥15.6BCN¥16.0BCN¥15.6B
Cash flow
Operating cash flow−CN¥977.0KCN¥338.1MCN¥2.59BCN¥1.80BCN¥486.8MCN¥198.7MCN¥854.3MCN¥1.10B
Capital expenditureCN¥29.0KCN¥85.0MCN¥12.6MCN¥130.9MCN¥38.6MCN¥28.2MCN¥10.1MCN¥117.7M
Free cash flow−CN¥1.01MCN¥253.2MCN¥2.58BCN¥1.67BCN¥448.2MCN¥170.5MCN¥844.3MCN¥986.8M
Dividends paid—CN¥36.0M———CN¥92.4MCN¥88.8MCN¥91.5M
Share buybacks———CN¥127.5MCN¥500.4MCN¥996.6MCN¥589.4MCN¥183.9M

From RLX Technology's 20-F filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. Amounts are in Chinese Yuan (CNY), as reported, not converted to dollars. Per-share figures are per ordinary share, which is not always the share traded in the US: an ADS can stand for several, or for part of one. Filings on SEC EDGAR →

About RLX Technology

Headquarters
Guangdong Province, China From SEC filings, Oct 2026

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