RLX Technology Inc. RLX
Annual
Quarterly
FY2025 · ended Dec 31, 2025 · Revenue $566.11M, +50.3% YoY · Filed Apr 23, 2026
RLX Technology Inc. (RLX) files with the SEC under industry code 2111, Cigarettes. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $566.1 million and net income of $131.8 million. Free cash flow was $141.1 million. As of Dec 31, 2025 it held $1.1 billion in cash and investments and $25.2 million in total debt.
Revenue
$566.11M
+50.3% vs prior year
Net income
$131.83M
+74.4% vs prior year
Operating cash flow
$157.95M
+34.9% vs prior year
Free cash flow
$141.11M
+22.0% vs prior year
EPS
$0.10
+69.5% vs prior year
Dividend per share
$0.11
Shares outstanding
1.55B
-1.4% vs prior year
Net cash
$1.08B
FY 2025
Operating margin
8.3%
FY 2025
Company profile
- Industry
- Cigarettes (SIC 2111)
- Listed as
- RLX (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- Cayman Islands
- Headquarters
- Guangdong Province
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1828365
Other Cigarettes companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $566.1M | $376.6M | $223.4M | $773.2M | $1.3B |
| Operating income | $47.0M | -$14.7M | -$70.0M | $154.2M | $360.7M |
| Net income | $131.8M | $75.6M | $75.3M | $209.0M | $317.7M |
| Diluted EPS | $0.10 | $0.06 | $0.06 | $0.16 | $0.23 |
| Operating cash flow | $157.9M | $117.0M | $28.0M | $70.6M | $282.4M |
| Free cash flow | $141.1M | $115.7M | $24.0M | $65.0M | $261.9M |
| Total assets | $2.6B | $2.3B | $2.3B | $2.4B | $2.6B |
| Total liabilities | $314.3M | $120.7M | $100.9M | $121.6M | $446.7M |
| Stockholders' equity | $2.2B | $2.2B | $2.2B | $2.3B | $2.1B |
| Cash and investments | $1.1B | $866.0M | $773.5M | $538.1M | $1.4B |
| Total debt | $25.2M | $8.0M | $7.6M | $12.5M | $29.0M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 6-K | Current report (foreign issuer) | Aug 14, 2026 | Aug 14, 2026 |
| 6-K | Current report (foreign issuer) | May 20, 2026 | May 20, 2026 |
| 20-F | Annual report (foreign issuer) | Apr 23, 2026 | Dec 31, 2025 |
| 6-K | Current report (foreign issuer) | Mar 13, 2026 | Mar 13, 2026 |
| 6-K | Current report (foreign issuer) | Dec 31, 2025 | Dec 31, 2025 |
| 6-K | Current report (foreign issuer) | Nov 14, 2025 | Nov 14, 2025 |
All 88 RLX Technology Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.