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RLX Technology vs 22nd Century: revenue, profit, margins and growth compared

RLX Technology brought in $566.1M of revenue in fiscal 2025, 22nd Century $17.6M in fiscal 2025. Revenue changed by +50.3% at RLX Technology and -27.9% at 22nd Century on the year before, so RLX Technology grew faster. RLX Technology kept 23.3% of its revenue as net profit, 22nd Century -28.7%. Free cash flow was $141.1M at RLX Technology and -$7.8M at 22nd Century.

Side by side, latest fiscal year

RLXXXII
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$566.1M$17.6M
Revenue growth+50.3%-27.9%
Net income$131.8M-$5.1M
Net margin23.3%-28.7%
Free cash flow$141.1M-$7.8M
Free cash flow margin24.9%-44.3%
Earnings per share (diluted)$0.10-$52.87
Cash$767.5M$7.1M
Debtn/a$708K
Price to earningsn/an/a
Market value$2.6B$949.6K
Dividend yieldn/an/a
Rank by revenue in sector#188 of 646 · Health care#443 of 646 · Health care

Over the years

Revenue
RLX FY2020: $585.4MRLX FY2021: $1.3BRLX FY2022: $773.2MRLX FY2023: $223.4MRLX FY2024: $376.6MRLX FY2025: $566.1MXXII FY2018: $26.4MXXII FY2019: $25.8MXXII FY2020: $28.1MXXII FY2021: $30.9MXXII FY2022: $40.5MXXII FY2023: $32.2MXXII FY2024: $24.4MXXII FY2025: $17.6MFY18FY19FY20FY21FY22FY23FY24FY25
RLX $566.1MXXII $17.6M
Net income
RLX FY2020: -$19.6MRLX FY2021: $317.7MRLX FY2022: $209MRLX FY2023: $75.3MRLX FY2024: $75.6MRLX FY2025: $131.8MXXII FY2018: -$8MXXII FY2019: -$26.6MXXII FY2020: -$19.7MXXII FY2021: -$32.6MXXII FY2022: -$59.8MXXII FY2023: -$140.8MXXII FY2024: -$15.2MXXII FY2025: -$5.1MFY18FY19FY20FY21FY22FY23FY24FY25
RLX $131.8MXXII -$5.1M
Net margin
RLX FY2020: -3.4%RLX FY2021: 23.8%RLX FY2022: 27.0%RLX FY2023: 33.7%RLX FY2024: 20.1%RLX FY2025: 23.3%XXII FY2018: -30.1%XXII FY2019: -102.8%XXII FY2020: -70.1%XXII FY2021: -105.4%XXII FY2022: -147.7%XXII FY2023: -437.1%XXII FY2024: -62.2%XXII FY2025: -28.7%FY18FY19FY20FY21FY22FY23FY24FY25
RLX 23.3%XXII -28.7%
Revenue growth
RLX FY2021: +128.4%RLX FY2022: -42.2%RLX FY2023: -71.1%RLX FY2024: +68.5%RLX FY2025: +50.3%XXII FY2019: -2.2%XXII FY2020: +8.8%XXII FY2021: +10.1%XXII FY2022: +30.9%XXII FY2023: -20.5%XXII FY2024: -24.3%XXII FY2025: -27.9%FY19FY20FY21FY22FY23FY24FY25
RLX +50.3%XXII -27.9%
Free cash flow
RLX FY2020: $394.9MRLX FY2021: $261.9MRLX FY2022: $65MRLX FY2023: $24MRLX FY2024: $115.7MRLX FY2025: $141.1MXXII FY2019: -$15.1MXXII FY2020: -$15.7MXXII FY2021: -$23.6MXXII FY2022: -$55.4MXXII FY2023: -$59.6MXXII FY2024: -$14.5MXXII FY2025: -$7.8MFY19FY20FY21FY22FY23FY24FY25
RLX $141.1MXXII -$7.8M

Fiscal years as each company reports them; the two may end in different months.

Questions about RLX Technology and 22nd Century

Which is bigger by revenue, RLX Technology or 22nd Century?

RLX Technology is bigger by revenue: $566.1M in fiscal 2025, against $17.6M for 22nd Century in fiscal 2025.

Which keeps more of its revenue as profit, RLX Technology or 22nd Century?

RLX Technology had a net margin of 23.3% in fiscal 2025; 22nd Century had -28.7% in fiscal 2025.

Which grew revenue faster, RLX Technology or 22nd Century?

In their latest fiscal years revenue changed by +50.3% at RLX Technology and -27.9% at 22nd Century.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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