1. MARKETS
  2. SECTOR : GENERAL & INDUSTRIAL MANUFACTURING
  3. INDUSTRY : INDUSTRIAL CONGLOMERATES
  4. RLX TECHNOLOGY INC - ADR
RLX Technology Inc - ADR
XNYS: RLX
1.7M
XNYS Volume

XNYS 09 Oct, 2026 5:30 PM (EDT)

Portfolio

Alert

My Notes

RLX Tech Inc (ADR) quarterly and annual earnings report: results, revenue, profit, P&L, balance sheet, cash flow, financial ratios, revenue mix, peer comparison, and financial documents

View Charts

Forecaster Analyst Estimates for RLX Tech Inc (ADR) share price target, revenues, EPS, net income and more

RLX Tech Inc (ADR) quarterly results: revenue, profit, and P&L – 13 quarter history

  • POSITIVE

    Quarterly Revenue RLX Tech Inc (ADR) Jun-2026 Quarterly Revenue is $917 Million which is growth of 15.5% YoY.

  • POSITIVE

    Quarterly Net Profit RLX Tech Inc (ADR) Jun-2026 Quarterly Net Profit is $218 Million which is growth of 0.3% YoY.

RLX Technology Inc - ADR, Earnings Report - Quarterly Results, standalone, All financials are in CNY Million and price data in USD
IndicatorGraphJun '26Mar '26Dec '25Sep '25Jun '25Mar '25Dec '24Sep '24Jun '24Mar '24Dec '23Sep '23Jun '23
Operating Rev.
916.91,469.71,080.81,033.9794.1708.5736.2679.4558.6470.4521.6327.8378.1
Cost Of Rev.
559.1965.5722.8681.3552477.5516.3473.4400.7327.6383.9222.1279.6
Gross Profit
357.8504.3358352.6242.1231219.9206157.9142.8137.8105.798.5
⌄
227.5259.6239.1259.3203.1153.5231.5216.6191.2194.4273.314547.2
Operating Profit
130.4244.6118.993.33977.4-11.6-10.7-33.3-51.6-135.6-39.351.4
109.1113.8142139.7142.9136146.7156.7154.2158.9157.9158.3162.9
Profit Before Tax
246.9339.4302.7252.8247250.9153.7199.8156.3149236.2173.2256.2
Tax
24.945.316.44628.528.226.330.421.416.316.30.551.5
⌄
217.8284.1279.6203.2217.1222122165.7132.3131.9217.5171202.8
Diluted NI Avail to Com Stockholders Ann.
217.8284.1279.6203.2217.1222122165.7132.3131.9217.5171202.8
Basic EPS
0.20.20.20.20.20.20.10.10.10.10.20.10.2
Diluted EPS After ExtraOrdinary
0.20.20.20.20.20.20.10.10.10.100.10.1
Number Of Shares End
1,226.21,232.51,231.41,215.31,221.71,226.31,225.11,225.41,228.91,249.31,293.71,316.51,318.6
Net Income Continuing Discontinued Operations
217.8284.1279.6203.2217.1222122165.7132.3131.9217.5171202.8
Normalized Income
232.4294.2314.1286.3285.8252.7247.7258.2210.4206.8430.1197.584.3
Interest Income
109.1113.8142139.7142.9136146.7156.7154.2158.9157.9158.3162.9
Interest
-------------
Net Interest Income
109.1113.8142139.7142.9136146.7156.7154.2158.9157.9158.3162.9
EBIT
137.7225.6160.8113.1104.1115743.22.1-9.978.21593.3
EBITDA
137.7225.6160.8113.1104.1115743.22.1-9.978.21593.3
Reconciled Cost Of Rev.
559.1965.5722.8681.3552477.5516.3473.4400.7327.6383.9222.1279.6
Reconciled Depr.
-------------
Profit From Continuing Operations
-------------
Normalized EBITDA
123.3234.9109.184.714.169.1-22.6-23.7-46.1-64.4-318.3-60.330.8
*All financials are in CNY Million and price data in USD

RLX Tech Inc (ADR) competitor comparison and performance snapshot within industry

RLX Tech Inc (ADR) annual results: revenue, profit, P&L, and margins as of Dec 2025 – 11 year history

  • POSITIVE

    Annual Revenue RLX Tech Inc (ADR) Dec-2025 Annual Revenue is $3,617 Million which is growth of 48.0% YoY.

  • POSITIVE

    Annual Net Profit RLX Tech Inc (ADR) Dec-2025 Annual Net Profit is $922 Million which is growth of 67.1% YoY.

RLX Technology Inc - ADR, Earnings Report - Annual Results, standalone, All financials are in CNY Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsTTMDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18
-12.1%
-1.1%
 3,617.32,444.51,2445,332.88,5213,819.71,549.4132.6
Cost Of Rev. Ann.
-7%
1.2%
2,928.62,433.71,718856.33,027.74,848.92,292.2968.473.4
Gross Profit Ann.
-19.9%
-5%
1,572.71,183.6726.5387.72,305.13,672.11,527.6580.959.3
Operating Exp. Ann.
-11.7%
-10.8%
985.5855.1833.7884.41,241.71,373.41,514.4524.657
Operating Profit Ann.
-32.4%
90.2%
587.2328.6-107.1-496.71,063.42,298.713.256.42.2
45.8%
76.8%
504.6560.4616.4627.9180.772.432.40.7-0.1
Other Exp. Ann.
-32.6%
23.6%
 164.4149.6460.6536.2288.456.916.5-0
PBT Ann.
-16%
59.4%
1,141.71,053.4658.8591.71,780.32,659.6102.473.72.1
Tax Ann.
-31.6%
-12.4%
132.411994.550.8371.6631.4230.525.92.4
⌄
-13.8%
-
984.6921.9551.8534.31,441.22,024.7-128.147.8-0.3
Diluted NI Avail to Com Stockholders Ann.
-13.8%
-
984.6921.9551.8534.31,441.22,024.7-128.147.8-0.3
EPS Ann.
-14%
-
 0.70.50.41.11.4-0.10
Diluted EPS Ann.
-14%
-
 0.70.40.41.11.4-0.10
Number Of Shares End
-1.7%
-4.5%
 1,231.41,225.11,293.71,296.31,346.21,553.31,553.3-
Total Exp. Ann.
-8.3%
-2.9%
 3,288.72,551.71,740.84,269.46,222.33,806.61,493130.4
Net Income Continuing Discontinued Operations Ann.
-13.8%
-
984.6921.9551.8534.31,441.22,024.7-128.147.8-0.3
Normalized Income Ann.
-10.3%
7.3%
1,1271,138.1934903.91,574.92,251.5801100.56.5
Interest Income Ann.
-
-
504.6560.4616.4627.9-----
Interest Ann.
-
-
 --------
EBITDA Ann.
-30.8%
34.6%
637.2584.5118.260.51,7642,700.7132.586.32.2
Reconciled Cost Of Rev. Ann.
-7%
1.2%
2,928.62,433.71,718856.33,027.74,848.92,292.2968.473.4
Reconciled Depr. Ann.
-17.8%
7.9%
 91.575.896.6164.5113.662.513.40
Profit From Continuing Operations Ann.
-12.8%
-
 934.4564.35411,408.72,028.1-128.147.8-0.3
Normalized EBITDA Ann.
-30.4%
46.1%
551.9368.5-81-645.81,091.32,31855.369.82.3
*All financials are in CNY Million and price data in USD
Total Rev. Ann.
1Y CHG
48%
2Y CAGR
70.5%
3Y CAGR
-12.1%
5Y CAGR
-1.1%
7Y CAGR
60.4%
Total Revenue Annual growth is stable compared to historical averages.
Net Profit Ann.
1Y CHG
67.1%
2Y CAGR
31.4%
3Y CAGR
-13.8%
Net Profit Annual growth is stable compared to historical averages.
Operating Exp. Ann.
1Y CHG
2.6%
2Y CAGR
-1.7%
3Y CAGR
-11.7%
5Y CAGR
-10.8%
7Y CAGR
47.2%
Operating Expenses Annual Cr growth is stable compared to historical averages.

RLX Tech Inc (ADR) balance sheet as of Dec 2025: assets, liabilities, reserves, and borrowings – 11 year history

  • NEGATIVE

    Total Shareholders Fund RLX Tech Inc (ADR) Dec-2025 Total Shareholders Fund is $15,634 Million which is growth of -2.2% YoY.

  • POSITIVE

    Total Assets RLX Tech Inc (ADR) Dec-2025 Total Assets is $17,930 Million which is growth of 6.3% YoY.

RLX Technology Inc - ADR, Balance Sheet, standalone, All financials are in CNY Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18
3.1%
34.6%
17,929.616,871.116,315.116,378.816,365.14,059.91,444.1105.7
⌄
37.9%
-2.9%
2,198881.1716.7838.52,846.42,551.31,337.899.1
⌄
0.1%
59.6%
15,633.815,988.215,609.415,569.113,5151,508.6106.36.6
Total Capitalization Ann.
0.1%
59.6%
15,633.815,988.215,609.415,569.113,5151,508.6106.36.6
Tangible Assets Ann.
-1.5%
58.1%
14,853.415,875.815,473.115,561.513,506.61,503.2100.96.6
Working Capital Ann.
-3.9%
46.5%
9,2398,443.18,315.210,408.311,213.31,370.35636.6
Invested Capital Ann.
0.4%
59.8%
15,741.316,028.215,609.415,569.113,5151,508.6106.36.6
Tangible Book Value Ann.
-1.5%
58.1%
14,853.415,875.815,473.115,561.513,506.61,503.2100.96.6
Borrowings Ann.
30.7%
15.2%
191.958.553.985.9184.894.592.80.5
Net Debt Ann.
-
-
--------
Share Issued Ann.
-4.2%
0.2%
1,570.81,570.81,570.81,786.11,795.71,553.31,553.31,553.3
Number Of Shares End
-1.7%
-4.5%
1,231.41,225.11,293.71,296.31,346.21,553.31,553.3-
*All financials are in CNY Million and price data in USD
Total Assets Ann.
1Y CHG
6.3%
2Y CAGR
4.8%
3Y CAGR
3.1%
5Y CAGR
34.6%
7Y CAGR
108.2%
Total Assets Annual growth is stable compared to historical averages.
Total Current Liabilities Ann.
1Y CHG
129.1%
2Y CAGR
71.4%
3Y CAGR
35.5%
5Y CAGR
-4.7%
7Y CAGR
53.5%
Total Current Liabilities Annual Cr growth is higher than historical averages.
Total ShareHolders Funds Ann.
1Y CHG
-2.2%
2Y CAGR
0.1%
3Y CAGR
0.1%
5Y CAGR
59.6%
7Y CAGR
203.4%
Total ShareHolders Funds Annual is falling faster than historical averages.

RLX Tech Inc (ADR) ROE, ROCE, book value, and debt-to-equity ratio as of Dec 2025 – 11 year history

  • POSITIVE

    Book Value Per Share RLX Tech Inc (ADR) Book Value Per Share is $2 which is growth of 4.4% YoY.

  • NEUTRAL

    ROE RLX Tech Inc (ADR) ROE is 0% which is growth of 0% YoY.

RLX Technology Inc - ADR, Ratios, standalone, All financials are in CNY Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18
RoA Ann. %
-
-
-3.33%3.27%8.80%19.83%-4.65%6.16%-0.27%
ROE Ann. %
-
-
-3.49%3.43%9.91%26.95%-15.86%84.58%-4.33%
ROIC %
-
-
-0.5-1.53.5-17.1-25.3-
OPM Ann. %
-23.1%
92.9%
9.08%-4.38%-39.93%19.94%26.98%0.34%3.64%1.67%
Inventory Turnover Ratio Ann.
-
-
-126.28.410.68.48.35.2
Asset Turnover Ann. %
-
-
-0.20.10.30.81.421.3
Working Capital Turnover Ann.
-7.2%
-32.2%
0.40.30.20.50.82.82.820.1
Quick Ratio Ann.
-
-
-10.612.413.74.81.30.90.9
Current Ratio Ann.
-
-
-10.813.414.25.11.61.91.1
Interest Coverage Ratio Ann.
-
-
--------
LT Debt To Equity Ann.
-
-
-000.60
*All financials are in CNY Million and price data in USD

RLX Tech Inc (ADR) cash flow: net, operating, investing, and financing flows as of Dec 2025 – 11 year history

  • POSITIVE

    Cash From Operating Activity RLX Tech Inc (ADR) Dec-2025 Cash From Operating Activity is $1,105 Million which is growth of 29.3% YoY.

  • NEGATIVE

    Net Cash Flow RLX Tech Inc (ADR) Dec-2025 Net Cash Flow is $-0 Million which is growth of -100.0% YoY.

RLX Technology Inc - ADR, Cash Flow, standalone, All financials are in CNY Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18
31.4%
-15.7%
1,104.6854.4198.7486.81,799.92,589.4338.1-1
-
-
-822.23,0182,091.1-4,133-7,870.7-1,812.9-497.8-0.4
-
-
-282.8-678-1,193.2-477.39,904.1174.9576.469.6
Cash Plus Cash Eqv. End Of Year Ann.
62.6%
30.7%
5,5455,644.42,420.11,289.15,209.51,454.8484.168.2
Net Increase In Cash Plus Cash Eqv.s Ann.
-
-
-0.43,194.31,096.6-4,123.53,833.4951.4416.768.2
Cash Plus Cash Eqv. Begin Of Year Ann.
2.7%
63.4%
5,644.42,420.11,289.15,209.51,454.8484.168.2
Income Tax Paid Supplemental Data Ann.
-51.4%
49.8%
85.340.874.8743.5471.311.327.90.4
Interest Paid Supplemental Data Ann.
4.6%
-
1.60.21.4----
Capex Ann.
-
-
-118.7-12.3-32.4-44.6-138.8-17.5-92.4-0.4
Issuance Of Capital Stock Ann.
-
-
--10,042.431
Issuance Of Debt Ann.
-22.6%
-
92.140198.65
Repayment Of Debt Ann.
-
-
-99-200----
Repurchase Of Capital Stock Ann.
-
-
-183.9-589.4-996.6-500.4-127.5---
Free Cash Flow Ann.
30.6%
-17.5%
985.8842.1166.3442.31,661.12,571.9245.7-1.4
*All financials are in CNY Million and price data in USD
Cash from Operating Act. Ann.
1Y CHG
29.3%
2Y CAGR
135.8%
3Y CAGR
31.4%
5Y CAGR
-15.7%
Cash from Operating Activity Annual growth is stable compared to historical averages.