# RLX Technology Inc. (RLX)

Source page: https://stoqly.net/companies/rlx

- **Ticker:** RLX (NYSE)
- **Sector:** Consumer Staples / Cigarettes
- **SEC CIK:** 0001828365
- **Latest annual report:** 20-F filed 2026-04-23 (https://www.sec.gov/Archives/edgar/data/1828365/000110465926047278/rlx-20251231x20f.htm)
- **Data updated:** 2026-11-09

## Key figures

- **Last close:** $1.59 on 2026-11-09 (−1.24% on the day)
- **Market cap:** $1.9B
- **P/E (trailing):** 16.4x
- **EPS, trailing 12 months:** $0.10
- **Revenue (FY2025):** $551M
- **Revenue growth:** +44.2%
- **Revenue growth, 5-year CAGR:** −0.1%
- **Gross margin:** 29.9%
- **Operating margin:** 8.3%
- **Net margin:** 23.3%
- **Free cash flow:** $137M
- **Free cash flow margin:** 24.9%
- **Return on invested capital:** 3.5%
- **Return on equity:** 5.8%
- **Net debt:** −$1.1B
- **Net debt / EBITDA:** −21.7x
- **Change in share count:** −5.0%
- **Piotroski F-score:** 7/9
- **Insider buys, last 90 days:** $0.0M
- **Insider sells, last 90 days:** $0.0M

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## Annual results

From SEC EDGAR XBRL filings. Full table: https://stoqly.net/companies/rlx/figures.csv

| US$ millions | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---:|---:|---:|---:|---:|---:|---:|---:|
| Revenue | 20 | 224 | 553 | 1,321 | 792 | 224 | 382 | 551 |
| Operating income | 0 | 8 | 2 | 356 | 158 | -70 | -15 | 46 |
| Net income | 0 | 7 | -19 | 314 | 214 | 75 | 77 | 128 |
| Diluted EPS (US$) | 0.00 | 0.00 | -0.01 | 0.22 | 0.16 | 0.06 | 0.06 | 0.10 |
| Operating cash flow | 0 | 49 | 375 | 279 | 72 | 28 | 119 | 154 |
| Free cash flow | 0 | 37 | 373 | 259 | 67 | 24 | 117 | 137 |
| Cash | 10 | 25 | 396 | 1,390 | 537 | 772 | 865 | 1,099 |
| Debt and leases | — | — | — | — | — | 0 | 5 | 13 |

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Source: SEC EDGAR filings and end-of-day prices, via Stoqly. For information only — not investment advice or a recommendation to buy, sell or hold any security.