Stocks Health care RLX
NYSE · Health careRLX 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.
Key facts about RLX Technology Inc.
- Net worth
- RLX Technology Inc. has a market value (market cap) of $2.5B at the latest share price, and shareholders' equity of $2.2B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $566.1M (+50.3% year on year), with net income of $131.8M.
- Cash flow
- In fiscal 2025 operations brought in $157.9M of cash; after $16.8M of capital spending, free cash flow was $141.1M.
- Latest report
- The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on April 23, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
- Dividend
- RLX Technology Inc. declared dividends of $0.11 per share in fiscal 2025.
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
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $566.1M | $131.8M | $0.10 | $141.1M |
| 2024 | $376.6M | $75.6M | $0.06 | $115.7M |
| 2023 | $223.4M | $75.3M | $0.06 | $24M |
| 2022 | $773.2M | $209M | $0.16 | $65M |
| 2021 | $1.3B | $317.7M | $0.23 | $261.9M |
| 2020 | $585.4M | -$19.6M | -$0.01 | $394.9M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where RLX ranks in Health care
Dividends
RLX Technology Inc. declared $0.11 per share in fiscal 2025. It paid out $13.1M in cash dividends, 10% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $0.11 | $13.1M | 10% |
| 2024 | n/a | $12.2M | 16% |
| 2023 | n/a | $13M | 17% |
Latest SEC filings
What RLX Technology Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- August 14, 2026
- May 20, 2026
- April 23, 2026Annual report (foreign issuer) 20-F · period to December 31, 2025Revenue rose 50% to $566.1M versus the prior year; diluted EPS $0.10 versus $0.06.
- March 18, 2026Passive stake changed SCHEDULE 13G/A
- March 13, 2026
- December 31, 2025
- November 14, 2025
- August 22, 2025
- May 16, 2025
- April 17, 2025Annual report (foreign issuer) 20-F · period to December 31, 2024Revenue rose 69% to $376.6M versus the prior year; diluted EPS $0.06 versus $0.06.
Insider trades
What the people running RLX Technology Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
Who owns RLX
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Ying (Kate) Wang13G, passive with 5 related filers | 51.2% | March 18, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 104 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| First Beijing Investment Ltd | 59,821,839 | -307,832 |
| IDG China Venture Capital Fund V Associates L.P. | 55,074,473 | -2,058,530 |
| Nomura Holdings Inc | 22,583,602 | +20,221,393 |
| Vanguard Capital Management LLC | 20,925,425 | -546,627 |
| OLP CAPITAL MANAGEMENT Ltd | 13,322,760 | -13,052,670 |
| BlackRock, Inc. | 9,634,820 | +109,933 |
| D. E. Shaw & Co., Inc. | 9,550,710 | -59,275 |
| Perseverance Asset Management International | 7,360,737 | -135,125 |
| Oasis Management Co Ltd. | 6,497,600 | 0 |
| Barclays PLC | 6,048,550 | 0 |
| Vanguard Fiduciary Trust Co | 5,645,844 | +28,425 |
| Pictet Asset Management Holding SA | 3,933,703 | +181,359 |
| Morgan Stanley | 3,906,504 | -1,861,603 |
| State Street Corp | 2,993,983 | -333,677 |
| Bank of America Corp | 2,457,161 | +7,453 |
| Two Sigma Investments, LP | 2,343,695 | +1,715,872 |
| Goldman Sachs Group Inc | 2,172,378 | -36,324 |
| Connor, Clark & Lunn Investment Management Ltd. | 2,157,166 | -2,623 |
| Capitolis Liquid Global Markets LLC | 1,510,200 | 0 |
| Assenagon Asset Management S.A. | 1,455,020 | +703,023 |
Insiders
Questions about RLX
What does RLX Technology Inc. do?
RLX Technology Inc. is a company in the Health care sector, listed on NYSE as RLX. Its shares trade on NYSE under the ticker RLX.
What is RLX Technology Inc.'s net worth?
RLX Technology Inc. has a market value (market cap) of $2.5B at the latest share price, and shareholders' equity of $2.2B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
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.
Does RLX Technology Inc. pay a dividend?
Yes. RLX Technology Inc. declared dividends of $0.11 per share in fiscal 2025.
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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.