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RLX Technology Inc. (RLX)

RLX Technology Inc. reported revenue of $566.1M in fiscal 2025, up 50.3% from a year earlier. Net income was $131.8M, a net margin of 23.3%. Operating cash flow minus capital spending left $141.1M of free cash flow in fiscal 2025. At December 31, 2025 it held $767.5M in cash. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on April 23, 2026.

Revenue (FY2025)
$566.1M
+50.3% year on year
Net margin
23.3%

What RLX Technology Inc. does

RLX Technology Inc. is registered with the SEC under industry code SIC 2111 (Cigarettes). Its shares trade on NYSE under the ticker RLX.

Revenue and profit by year

Revenue
FY20: $585.4M $585.4M FY20FY21: $1.3B $1.3B FY21FY22: $773.2M $773.2M FY22FY23: $223.4M $223.4M FY23FY24: $376.6M $376.6M FY24FY25: $566.1M $566.1M FY25
Net income
FY20: -$19.6M -$19.6M FY20FY21: $317.7M $317.7M FY21FY22: $209M $209M FY22FY23: $75.3M $75.3M FY23FY24: $75.6M $75.6M FY24FY25: $131.8M $131.8M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$566.1M$47M$131.8M$0.10$141.1M
2024$376.6M-$14.7M$75.6M$0.06$115.7M
2023$223.4M-$70M$75.3M$0.06$24M
2022$773.2M$154.2M$209M$0.16$65M
2021$1.3B$360.7M$317.7M$0.23$261.9M
2020$585.4M$2M-$19.6M-$0.01$394.9M

Latest SEC filings

What RLX Technology Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. August 14, 2026
    Foreign issuer update 6-K
  2. May 20, 2026
    Foreign issuer update 6-K
  3. April 23, 2026
    Annual report (foreign issuer) 20-F · period to December 31, 2025
  4. March 18, 2026
    Passive stake changed SCHEDULE 13G/A
  5. March 13, 2026
    Foreign issuer update 6-K
  6. December 31, 2025
    Foreign issuer update 6-K
  7. November 14, 2025
    Foreign issuer update 6-K
  8. August 22, 2025
    Foreign issuer update 6-K
  9. May 16, 2025
    Foreign issuer update 6-K
  10. April 17, 2025
    Annual report (foreign issuer) 20-F · period to December 31, 2024

Recent insider filings (Forms 3, 4 and 144): 10, the latest on August 4, 2026. Insider transactions on SEC

All filings on SEC EDGAR

Questions about RLX

What does RLX Technology Inc. do?

RLX Technology Inc. is registered with the SEC under industry code SIC 2111 (Cigarettes). Its shares trade on NYSE under the ticker RLX.

Is RLX Technology Inc. profitable?

Yes. In fiscal 2025 it reported net income of $131.8M on revenue of $566.1M, a net margin of 23.3%.

How much revenue does RLX Technology Inc. make?

In fiscal 2025 RLX Technology Inc. reported revenue of $566.1M. That is 50.3% more than a year earlier.

When did RLX Technology Inc. last report?

Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on April 23, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from August 14, 2026.

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Where the numbers come from

Financial figures are the values RLX Technology Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.