RLX Technology Inc.
Rank #459HypergrowthRLX · NYSE · Consumer Defensive
RLX Technology Inc. (RLX) — Rank #459 by gross profitability (GP/assets 0.07) · ROE 5.9% · Piotroski F-Score 7 / 9.
As-of 2026-09-15 · CIK 0001828365 · all metrics point-in-time as of the filing date.
About
RLX Technology Inc., through its subsidiaries, develops, manufactures, and sells e-vapor products in the People's Republic of China and internationally.
Show moreShow less
It offers rechargeable e-vapor products under the Qingyu, Phantom, Phantom Pro, Zeus, Leili, and Daqian names; and disposable e-vapor products under the Feiliu and Feiliu Mega names. The company also provides closed-system rechargeable products, open-system products, closed-system disposable products, and modern oral products. It sells its products through local channels, third-party distribution channels, and distribution channels co-managed with third parties, as well as online and offline end users.
The company was founded in 2018 and is headquartered in Shenzhen, the People's Republic of China.
- Industry
- Tobacco
- Sector
- Consumer Defensive
- State
- E9
- Filer Category
- Large accelerated filer
- Fiscal Year End
- December 31
- Website
- ir.relxtech.com
Financials
Each fiscal year is read as-of that year’s own 10-K filing, so nothing restated after the fact leaks backwards. Line items this filer never tagged are omitted. Hover or tap a badge for the diagnostic behind it.
| Fiscal year end | 2025-12-31filed 2026-04-23 | 2024-12-31filed 2025-04-17 | 2023-12-31filed 2024-04-19 | 2022-12-31filed 2023-04-21 |
|---|---|---|---|---|
| Operating | ||||
| Depreciation & amortization | 30.9 | 27.7 | 37.6 | 76.0 |
| Stock-based compensation | 186.2 | 369.7 | 362.9 | 166.2 |
| Change in inventory | 55.1 | 21.7 | 39.1 | (278.5) |
| Change in payables | — | — | — | — |
| Operating cash flow | 1,104.5 | 854.3 | 198.7 | 486.8 |
| Investing | ||||
| Capital expenditures | 117.7 | 10.1 | 28.2 | 38.6 |
| Acquisitions, net of cash | 599.1 | — | — | — |
| Investing cash flow | (822.2) | 3,018.0 | 2,091.1 | (4,133.0) |
| Financing | ||||
| Share repurchases | 183.9 | 589.4 | 996.6 | 500.4 |
| Dividends paid | 91.5 | 88.8 | 92.4 | — |
| Financing cash flow | (282.7) | (678.0) | (1,193.2) | (477.3) |
| Summary | ||||
| Free cash flow | 986.8 | 844.3 | 170.5 | 448.2 |
Figures are as originally filed with the SEC (point-in-time), not restated, so they can differ slightly from sites that show later-restated numbers. Why point-in-time?