RLX
RLX Technology Inc
NYSE: RLX · CONSUMER DEFENSIVE · TOBACCO
$2.14
-2.73% today
Updated 2026-04-29
Market cap
$2.62B
P/E ratio
21.40
P/S ratio
0.72x
EPS (TTM)
$0.10
Dividend yield
4.67%
52W range
$2 – $3
Volume
2.3M
RLX Technology Inc (RLX) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $132.61M | $1.55B | $3.82B | $8.52B | $5.33B | $1.24B | $2.44B | $3.52B |
| Revenue growth (YoY) | — | +1068.3% | +146.5% | +123.1% | -37.4% | -76.7% | +96.5% | +43.9% |
| Cost of revenue | $73.37M | $968.41M | $2.29B | $4.85B | $3.03B | $856.33M | $1.72B | $2.37B |
| Gross profit | $59.25M | $580.94M | $1.53B | $3.67B | $2.31B | $387.71M | $726.52M | $1.15B |
| Gross margin | 44.7% | 37.5% | 40.0% | 43.1% | 43.2% | 31.2% | 29.7% | 32.7% |
| R&D | $2.06M | $31.93M | $299.29M | $179.91M | $317.11M | $172.69M | $88.31M | $127.44M |
| SG&A | $20.68M | $133.22M | $771.97M | $672.75M | $576.81M | $498.01M | $515.89M | $724.04M |
| Operating income | $2.21M | $56.39M | $13.15M | $2.30B | $1.06B | $-496.71M | $-107.14M | $319.61M |
| Operating margin | 1.7% | 3.6% | 0.3% | 27.0% | 19.9% | -39.9% | -4.4% | 9.1% |
| EBITDA | $2.25M | $69.79M | $36.22M | $2.34B | $1.14B | $-400.11M | $-60.63M | $319.61M |
| EBITDA margin | 1.7% | 4.5% | 0.9% | 27.5% | 21.5% | -32.2% | -2.5% | 9.1% |
| EBIT | $2.21M | $56.39M | $13.15M | $2.30B | $1.06B | $-496.71M | $-107.14M | — |
| Interest expense | $107000.00 | $17.29M | $32.41M | $565.20M | $180.73M | — | — | — |
| Income tax | $2.38M | $25.92M | $230.53M | $631.43M | $371.58M | $50.76M | $94.46M | — |
| Effective tax rate | 113.7% | 35.2% | 225.1% | 23.8% | 20.5% | 8.7% | 14.6% | 0.0% |
| Net income | $-287000.00 | $47.75M | $-128.10M | $2.02B | $1.44B | $534.33M | $551.84M | $896.75M |
| Net income growth (YoY) | — | +16736.9% | -368.3% | +1680.6% | -28.8% | -62.9% | +3.3% | +62.5% |
| Profit margin | -0.2% | 3.1% | -3.4% | 23.8% | 27.0% | 43.0% | 22.6% | 25.5% |