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.
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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
Weakening
Direction over 5 fiscal years
- Free cash flowdeteriorating
- Gross margindeteriorating
- Gross profitabilitydeteriorating
- Net cashn/a
- Operating margindeteriorating
- Return on equitydeteriorating
- Share count (dilution)improving
Monitoring diagnostic of business direction — not a prediction of returns.
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 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 3,958.9 | 2,748.6 | 1,586.4 | 5,332.8 |
| Revenue growth (YoY) | 44.0% | 73.3% | -70.3% | -37.4% |
| Gross profit | 1,183.6 | 726.5 | 387.7 | 2,305.1 |
| Gross margin | 29.9% | 26.4% | 24.4% | 43.2% |
| Net income | 921.9 | 551.8 | 534.3 | 1,441.2 |
| Net margin | 23.3% | 20.1% | 33.7% | 27.0% |
| EPS (diluted) | $0.70 | $0.43 | $0.40 | $1.08 |
| EPS growth (YoY) | 63.1% | 7.3% | -63.2% | — |
| Cash flow | ||||
| Operating cash flow | 1,104.5 | 854.3 | 198.7 | 486.8 |
| Capital expenditures | 117.7 | 10.1 | 28.2 | 38.6 |
| 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?