RLXNYSECigarettesFiscal year ends December 31

RLX Technology Inc.

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 23, 2026

$1.71+0.01 (+0.59%)

Close on Oct 19, 2026

RLX Technology Inc. balance sheet

Millions of CNY, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2018-01-02
Cash & Equivalents	5,367	5,593	2,390	1,289	5,209	1,455	484	68	–
Short-Term Investments	2,327	720	3,093	2,435	3,622	1,473	40	–	–
Cash & Short-Term Investments	7,694	6,313	5,483	3,724	8,831	2,928	524	68	–
Receivables	–	–	–	51	12	15	39	–	–
Inventory	298	143	145	131	589	329	219	–	–
Prepaid Expenses & Other	319	185	508	199	483	74	103	–	–
Other Current Assets	61	27	20	21	7.60	6.30	6.38	–	–
Total Current Assets	11,204	9,301	8,984	11,198	13,951	3,867	1,183	–	–
Property, Plant & Equipment	246	51	77	88	143	75	66	–	–
Gross Property, Plant & Equipment	545	254	247	226	206	97	69	–	–
Accumulated Depreciation	-288	-188	-155	-122	-62	-22	-2.35	–	–
Long-Term Investments	8.33	8.00	8.00	8.00	12	4.00	5.00	–	–
Operating Lease Right-of-Use Assets	82	24	53	75	176	92	90	–	–
Goodwill	567	60	67	–	–	–	–	–	–
Intangible Assets	213	53	70	7.55	8.37	5.39	5.40	–	–
Deferred Tax Assets	29	38	58	64	21	6.00	0.10	–	–
Other Long-Term Assets	29	9.91	4.87	13	49	11	21	–	–
Total Assets	17,930	16,871	16,315	16,379	16,365	4,060	1,444	–	–
Accounts Payable	304	295	109	52	506	536	150	–	–
Short-Term Debt	92	40	0	–	–	–	–	–	–
Current Debt	92	40	0	–	–	–	–	–	–
Current Portion of Leases	29	11	29	46	81	45	31	–	–
Current Income Taxes Payable	160	126	77	110	598	364	2.78	–	–
Deferred Revenue (Current)	84	11	50	75	287	320	18	–	–
Other Current Liabilities	–	–	–	22	23	12	4.56	–	–
Total Current Liabilities	1,965	858	669	790	2,738	2,497	620	–	–
Long-Term Leases	56	7.05	24	40	104	49	61	–	–
Operating Lease Liabilities	84	18	54	86	185	95	93	–	–
Deferred Tax Liabilities	113	16	24	8.65	4.51	5.21	11	–	–
Other Long-Term Liabilities	64	–	–	–	–	–	–	–	–
Total Liabilities	2,198	881	717	838	2,846	2,551	1,338	–	–
Total Debt	92	40	0	–	–	–	–	–	–
Common Stock	0.10	0.10	0.10	0.10	0.10	0.09	0.09	–	–
Additional Paid-In Capital	12,910	12,724	12,115	12,062	11,881	1,590	60	–	–
Retained Earnings	4,120	4,220	3,766	3,325	1,909	-82	46	–	–
Treasury Stock	-2,286	-2,106	-1,281	-628	-128	–	–	–	–
Comprehensive Income & Other	863	1,123	981	782	-150	-0.68	-0.82	–	–
Shareholders' Equity	15,634	15,988	15,609	15,569	13,515	1,509	106	6.62	–
Noncontrolling Interest	98	1.74	-11	-29	3.80	–	–	–	–
Total Equity	15,732	15,990	15,598	15,540	13,519	1,509	106	6.62	–
Total Liabilities & Equity	17,930	16,871	16,315	16,379	16,365	4,060	1,444	–	–
Shares Outstanding(shares)	–	–	–	1,528	1,566	1,437	1,437	–	0.00

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 29.9%
Operating margin: 8.3%
Net margin: 23.3%
Return on equity, FY2025: 5.8%

Financial strength

Current ratio: 5.70
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 273.1%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –

Valuation ratios need the share price and fill in once daily prices are connected.