RLX Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $1.71
P/E 3.3
EPS $0.70
Revenue $3.96B
ROE 5.8%
Debt/Equity 0.0
52W Range $2–$3

RLX Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

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About RLX Technology Inc. American Depositary Shares, each representing the right to receive one (1) Class A ordinary share Company overview from Wikipedia

05 · wikidata
sectorConsumer Staples industryTobacco employees897 countryCN

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$3.96B
2018-12-31 → 2025-12-31
EPS$0.70
2018-12-31 → 2025-12-31
Free Cash Flow$987M
2020-12-31 → 2025-12-31
Net margin23.3%
2020-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend RLX 5Y avg Peer Median Verdict
P/E 3.35Y avg ≈3.6 ≈3.6 · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

13
Payout Ratio9.9%
Annualized Payout≈$0.01Paid annually
Ex-dateAmountCurrencyYield
Dec 6, 2024$0.01USD≈0.55%
Nov 30, 2023$0.01USD≈0.45%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

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Avg Surprise -9.3%
Next Report Nov 12, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Aug 14, 2026 $0.18 $0.64 -72.0%
March 31, 2026 May 20, 2026 $0.26 $0.21 24.0%
Dec. 31, 2025 $0.25 $0.23 7.6%
Sept. 30, 2025 $0.21 $0.22 -5.5%
June 30, 2025 $0.14 $0.18 -21.0%
March 31, 2025 $0.19 $0.17 11.2%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

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Income Statement 17
Metric Trend 2025202420232022202120202019
Revenue $3.96B$2.75B$1.59B$5.33B$8.52B$3.82B$1.55B
Cost of Revenue $2.43B$1.72B$856M$2.97B$4.85B$2.29B$968M
Gross Profit $1.18B$727M$388M$2.31B$3.67B$1.53B$581M
R&D Expense $131M$88M$173M$317M$180M$299M$32M
SG&A Expense $337M$516M$498M$577M$673M$772M$133M
Operating Expenses $855M$834M$884M$1.24B$1.37B$1.51B$525M
Operating Income $329M$-107M$-497M$1.06B$2.30B$13M$56M
Interest Expense $6M$176.0K·$1M···
Other Non-op $113M$100M$215M$400M$194M$37M$17M
Pretax Income $1.05B$659M$592M$1.78B$2.66B$102M$74M
Income Tax $119M$94M$51M$372M$631M$231M$26M
Net Income $922M$552M$534M$1.44B$2.02B$-128M$48M
EPS (Basic) $0.70$0.45$0.41$1.09$1.45$-0.09$0.03
EPS (Diluted) $0.70$0.43$0.40$1.08$1.44$-0.09$0.03
Shares (Basic) 1,223,656,6601,232,148,5311,311,401,9011,319,732,8021,401,371,4941,436,815,5701,436,815,570
Shares (Diluted) 1,223,955,7371,288,911,7831,340,445,6531,328,144,0921,409,690,8791,436,815,5701,436,815,570
EBITDA $329M$-107M$-497M$1.06B$2.30B$13M·
Balance Sheet 30
Metric Trend 2025202420232022202120202019
Cash & Equivalents $5.37B$5.59B$2.39B$1.27B$5.21B$1.11B$136M
Short-term Investments $2.33B$720M$3.09B$2.43B$3.62B$1.47B$40M
Receivables ···$51M$12M$15M$39M
Inventory $298M$143M$145M$131M$589M$329M$219M
Prepaid Expense $319M$185M$508M$199M$483M$74M$103M
Other Current Assets $61M$27M$20M$21M$8M$6M$6M
Current Assets $11.20B$9.30B$8.98B$11.20B$13.95B$3.87B$1.18B
PP&E (Net) $246M$51M$77M$88M$143M$74M$66M
PP&E (Gross) $545M$254M$247M$226M$206M$97M$69M
Accum. Depreciation $288M$188M$155M$122M$62M$22M$2M
Goodwill $567M$60M$67M····
Intangibles $213M$53M$70M$8M$8M$5M$5M
Other Non-current Assets $29M$10M$5M$13M$49M$11M$21M
Total Assets $17.93B$16.87B$16.32B$16.38B$16.37B$4.06B$1.44B
Accounts Payable $304M$295M$109M$52M$506M$536M$150M
Short-term Debt $92M$40M$0$217M$783M$924M$349M
Current Liabilities $1.97B$858M$669M$790M$2.74B$2.50B$620M
Capital Leases $56M$7M$24M$40M$104M$49M$61M
Deferred Tax $113M$16M$24M$9M$5M$5M$11M
Other Non-current Liabilities $64M······
Total Liabilities $2.20B$881M$717M$838M$2.85B$2.55B$1.34B
Total Debt $92M$40M$157M$217M$783M$924M·
Common Stock $104.0K$104.0K$104.0K$104.0K$103.0K$94.0K$94.0K
Paid-in Capital $12.91B$12.72B$12.12B$12.06B$11.88B$1.59B$60M
Retained Earnings $4.12B$4.22B$3.77B$3.32B$1.91B$-82M$46M
Treasury Stock $2.29B$2.11B$1.28B$628M$128M··
AOCI $863M$1.12B$981M$782M$-150M$-678.0K$-819.0K
Stockholders' Equity $15.63B$15.99B$15.61B$15.57B$13.51B$1.51B$106M
Liabilities + Equity $17.93B$16.87B$16.32B$16.38B$16.37B$4.06B$1.44B
Shares Outstanding ···1,528,356,9281,565,730,8371,436,815,5701,436,815,570
Cash Flow 14
Metric Trend 2025202420232022202120202019
Stock-based Comp $186M$370M$363M$166M$223M$929M$53M
Deferred Tax $-3M$10M$4M$-39M$-16M$-11M$11M
Amort. of Intangibles $29M$13M$9M$5M$5M$3M$776.0K
Operating Cash Flow $1.10B$854M$199M$487M$1.80B$2.59B$338M
CapEx $118M$10M$28M$39M$131M$13M$85M
Investing Cash Flow $-822M$3.02B$2.09B$-4.13B$-7.87B$-1.81B$-498M
Stock Repurchased $184M$589M$997M$500M$128M··
Net Stock Activity $-184M$-589M$-997M$-500M$-128M··
Dividends Paid $91M$89M$92M···$36M
Financing Cash Flow $-283M$-678M$-1.19B$-477M$9.90B$175M$576M
Net Change in Cash $-99M$3.22B$1.13B$-3.92B$3.75B$971M$416M
Taxes Paid $85M$41M$75M$744M$471M$11M$28M
Free Cash Flow $987M$844M$170M$448M$1.67B$2.58B·
Levered FCF $981M$844M·$447M···
Profitability 8
Metric Trend 2025202420232022202120202019
Gross Margin 29.9%26.4%24.4%43.2%43.1%40.0%·
Operating Margin 8.3%-3.9%-31.3%19.9%27.0%0.34%·
Net Margin 23.3%20.1%33.7%27.0%23.8%-3.4%·
Pretax Margin 26.6%24.0%37.3%33.4%31.2%2.7%·
EBITDA Margin 8.3%-3.9%-31.3%19.9%27.0%0.34%·
ROA 5.3%3.3%3.3%8.8%19.8%-4.7%·
ROE 5.8%3.5%3.4%9.9%27.0%-15.9%·
ROIC 1.8%-0.57%-2.9%5.3%12.3%-0.68%·
Liquidity & Solvency 4
Metric Trend 2025202420232022202120202019
Current Ratio 5.710.813.414.25.11.5·
Quick Ratio 3.97.48.24.83.21.0·
Debt / Equity 0.00.00.00.00.10.6·
Interest Coverage 51.4-608.8·758.5···
Efficiency 3
Metric Trend 2025202420232022202120202019
Asset Turnover 0.20.20.10.30.81.4·
Inventory Turnover 11.112.06.28.310.68.4·
Receivables Turnover ···167.0629.2143.1·
Per Share 6
Metric Trend 2025202420232022202120202019
Book Value / Share ···$10.19$8.63$1.05·
Revenue / Share $3.23$2.13$1.18$4.02$6.04$2.66·
Cash Flow / Share $0.90$0.66$0.15$0.37$1.28$1.80·
Cash / Share ···$0.83$3.33$0.78·
Dividend / Share $0.11······
EPS (TTM) $0.70$0.43$0.40$1.08$1.44$-0.09·
Valuation (TTM) 16
Metric Trend 2025202420232022202120202019
Revenue TTM $3.96B$2.75B$1.59B$5.33B$8.52B$3.82B·
Net Income TTM $922M$552M$534M$1.44B$2.02B$-128M·
Market Cap ···$3.52B$6.11B··
Enterprise Value ···$29M$-1.94B··
P/E 3.35.05.02.12.7··
P/S ···0.70.7··
P/B ···0.20.5··
P / Tangible Book ···0.20.5··
P / Cash Flow ···7.23.4··
P / FCF ···7.83.7··
EV / EBITDA ···0.0-0.8··
EV / FCF ···0.1-1.2··
EV / Revenue ···0.0-0.2··
Earnings Yield 30.0%19.8%20.0%47.2%36.8%··
Payout Ratio 9.9%16.1%17.3%····
Annual Payout $91M$89M$92M····

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

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Metric 2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $3.96B $2.75B $1.59B $5.33B $8.52B
Gross Margin % 29.9% 26.4% 24.4% 43.2% 43.1%
Operating Margin % 8.3% -3.9% -31.3% 19.9% 27.0%
Net Income $922M $552M $534M $1.44B $2.02B
Diluted EPS $0.70 $0.43 $0.40 $1.08 $1.44

Institutional owners (13F) 116 filers · $571.6M total · As of June 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 116
Value held $571.6M
New positions 16
Exited positions 12
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
16 (-9 vs prior Q) 12 (-4 vs prior Q) 29 (-2 vs prior Q) 46 (+12 vs prior Q) +23.6M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
First Beijing Investment Ltd $113,661,494 59,821,839 19.88% Shares
IDG China Venture Capital Fund V Associates L.P. $104,641,499 55,074,473 18.31% Shares
VANGUARD GROUP INC $63,245,587 27,144,029 11.06% Shares
NOMURA HOLDINGS INC $42,908,844 22,583,602 7.51% Shares
VANGUARD CAPITAL MANAGEMENT LLC $39,758,308 20,925,425 6.96% Shares
OLP CAPITAL MANAGEMENT Ltd $25,313,244 13,322,760 4.43% Shares
BlackRock, Inc. $18,306,159 9,634,820 3.20% Shares
D. E. Shaw & Co., Inc. $18,146,349 9,550,710 3.17% Shares
Perseverance Asset Management International $13,985,401 7,360,737 2.45% Shares
Oasis Management Co Ltd. $12,345,439 6,497,600 2.16% Shares
BARCLAYS PLC $11,492,245 6,048,550 2.01% Shares
JANE STREET GROUP, LLC $11,427,550 6,014,500 2.00% Put option
JANE STREET GROUP, LLC $11,419,190 6,010,100 2.00% Call option
VANGUARD FIDUCIARY TRUST CO $10,727,104 5,645,844 1.88% Shares
Pictet Asset Management Holding SA $7,474,036 3,933,703 1.31% Shares
MORGAN STANLEY $7,422,357 3,906,504 1.30% Shares
STATE STREET CORP $5,688,568 2,993,983 1.00% Shares
BANK OF AMERICA CORP /DE/ $4,668,606 2,457,161 0.82% Shares
TWO SIGMA INVESTMENTS, LP $4,453,021 2,343,695 0.78% Shares
GOLDMAN SACHS GROUP INC $4,127,518 2,172,378 0.72% Shares
Connor, Clark & Lunn Investment Management Ltd. $4,098,616 2,157,166 0.72% Shares
Vista Wealth Management Group, LLC $3,875,174 2,061,263 0.68% Shares
CAPITOLIS LIQUID GLOBAL MARKETS LLC $2,869,380 1,510,200 0.50% Shares
VANGUARD ASSET MANAGEMENT, Ltd $1,923,505 1,012,371 0.34% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $1,639,529 862,910 0.29% Shares
CITADEL ADVISORS LLC $1,529,441 804,969 0.27% Shares
UBS Group AG $1,499,916 789,429 0.26% Shares
Legal & General Group Plc $1,475,042 775,522 0.26% Shares
Assenagon Asset Management S.A. $1,382,269 727,510 0.24% Shares
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS $1,324,222 696,959 0.23% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $1,283,783 675,675 0.22% Shares
BNP PARIBAS FINANCIAL MARKETS $1,121,519 590,273 0.20% Shares
NORTHERN TRUST CORP $1,084,248 570,657 0.19% Shares
MACKENZIE FINANCIAL CORP $947,866 498,877 0.17% Shares
TWO SIGMA ADVISERS, LP $923,146 396,200 0.16% Shares
FRANKLIN RESOURCES INC $857,493 451,312 0.15% Shares
Invesco Ltd. $850,609 447,689 0.15% Shares
Qube Research & Technologies Ltd $812,723 427,749 0.14% Shares
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO $674,141 354,811 0.12% Shares
JPMORGAN CHASE & CO $650,876 346,211 0.11% Shares
MARSHALL WACE, LLP $568,798 299,366 0.10% Shares
Bank of New York Mellon Corp $563,268 296,456 0.10% Shares
Man Group plc $550,384 289,676 0.10% Shares
GUGGENHEIM CAPITAL LLC $517,646 272,445 0.09% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $499,046 226,839 0.09% Shares
GEODE CAPITAL MANAGEMENT, LLC $498,973 262,618 0.09% Shares
RENAISSANCE TECHNOLOGIES LLC $498,180 262,200 0.09% Shares
MILLENNIUM MANAGEMENT LLC $464,656 244,556 0.08% Shares
Police & Firemen's Retirement System of New Jersey $461,651 242,974 0.08% Shares
US BANCORP \DE\ $447,783 235,675 0.08% Shares

Show all 116 institutional owners →

Company insiders 1 insider · 0 officers · 0 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Chao Lu · July 31, 2026 A · 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 9 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
PGJ · Invesco Exchange-Traded Fund Trust 0.89% 443,927 SH Oct. 1, 2026 Daily
ECNS · iShares Trust 0.25% 90,132 SH Sept. 11, 2026 Daily
EEMS · iShares, Inc. 0.03% 71,900 SH Sept. 11, 2026 Daily
VWO · VANGUARD INTERNATIONAL EQUITY INDEX… 0.01% 9,254,924 SH Aug. 19, 2026 Daily
IEMG · iShares, Inc. 0.00% 4,122,954 SH Sept. 11, 2026 Daily
IXUS · iShares Trust 0.00% 778,306 SH Sept. 11, 2026 Daily
VXUS · VANGUARD STAR FUNDS 0.00% 9,595,757 SH Aug. 19, 2026 Daily
VEU · VANGUARD INTERNATIONAL EQUITY INDEX… 0.00% 1,518,862 SH Aug. 19, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.00% 555,882 SH Aug. 19, 2026 Daily

RLX Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 10 analysts BUY
Median target $2.80 +63.5%
2 20.0% Strong Buy
5 50.0% Buy
3 30.0% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

6 analysts · 2026-09-27

Mean target $2.77 +62.3%

← Below all targets Current price $1.71
Low$2.09 Mean$2.77 High$3.23

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Source: SEC 20-F filed Apr 23, 2026