RLX Technology Inc. (RLX)

1.83 +1.67% (+0.03)

Over 3Y: +38.3%

2026-08-28
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1.5 2 2.5
2023 2024 2025 2026

Financials Annual

Figures
Revenue Gross Profit Operating Income Cost of Revenue Operating Cash Flow Free Cash Flow Net Income

A share count and earnings a share are not here: neither is money, so neither can share this axis. Both have their own panel on All charts.

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FY21 — Gross Profit: 576.2M FY21 — Operating Cash Flow: 282.4M FY21 — Free Cash Flow: 261.9M FY21 — Net Income: 317.7M FY22 — Gross Profit: 334.2M FY22 — Operating Cash Flow: 70.6M FY22 — Free Cash Flow: 65M FY22 — Net Income: 209M FY23 — Gross Profit: 54.6M FY23 — Operating Cash Flow: 28M FY23 — Free Cash Flow: 24M FY23 — Net Income: 75.3M FY24 — Gross Profit: 99.5M FY24 — Operating Cash Flow: 117M FY24 — Free Cash Flow: 115.7M FY24 — Net Income: 75.6M FY25 — Gross Profit: 169.3M FY25 — Operating Cash Flow: 157.9M FY25 — Free Cash Flow: 141.1M FY25 — Net Income: 131.8M 0 150M 300M 450M 600M
FY21 FY22 FY23 FY24 FY25
Gross Profit Operating Cash Flow Free Cash Flow Net Income

Figures as at 2025-12-31, reported in USD. The newest fact in the filings is dated 2025-12-31, 242 days ago. Nothing on this page is advice.

How it scores

Five questions, each answered by the measures under it. Every figure is the company's own; the bar beside it is where that figure sits among the companies read here — the top fifth, the bottom fifth, or somewhere between. Not among all listed companies, and for a valuation multiple the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

4.0
OE margin 20.2%
ROIC 3.3%
Accruals -1.0%
FCF margin 24.9%
OCF / EBIT 3.4×
OCF margin 27.9%
ROA 5.1%
Gross margin 29.9%
ROE 5.9%
ROCE 2.1%

5 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

0.5
Div. yield —
EV/EBIT —
EV/GP —
EV/OE —
EV/Sales —
FCF yield —
Fwd P/E —
P/B —
P/C —
P/E —
PEG —

0 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

1.1
RPO / sales 0.021×
RPO growth —
Segment HHI —

4 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

9.7
ND/EBITDA —
Debt / Eq 0.0×
Debt payback 0.0 yr
F-score 7.9 pts
Payout 9.9%
Quick ratio 5.6×
Cash / Debt —
Cash runway —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

4.7
Sales/sh Y/Y +58.3%
Sales CAGR 4Y -19.3%
EPS Y/Y +83.6%
Div. growth +7.5%
EBIT CAGR -39.9%
EPS CAGR 4Y -18.4%
EBIT Y/Y —
EPS next Y —
Sales Q/Q —

4 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.