8 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings, in CNY as reported — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 0.7% per year over the past 5 years.
Operating margin has expanded, at 8.3% in the latest year.
Free cash flow has declined 17.5% per year over the past 5 years.
Financial health
Operating income covered interest expense 51× in the latest year.
Shareholder returns
Dividends have been paid for 3 consecutive years, consuming 9.9% of earnings and 9.3% of free cash flow.
The dividend has declined 0.5% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
CN¥4.0B
CN¥922M
29.9%
8.3%
5.9%
5.1%
CN¥987M
—
CN¥5.4B
2024
CN¥2.7B
CN¥552M
26.4%
-3.9%
3.5%
3.3%
CN¥844M
—
CN¥5.6B
2023
CN¥1.6B
CN¥534M
24.4%
-31.3%
3.4%
3.3%
CN¥170M
—
CN¥2.4B
2022
CN¥5.3B
CN¥1.4B
43.2%
19.9%
9.3%
8.8%
CN¥448M
—
CN¥1.3B
2021
CN¥8.5B
CN¥2.0B
43.1%
27.0%
15.0%
12.4%
CN¥1.7B
—
CN¥5.2B
2020
CN¥3.8B
-CN¥128M
40.0%
0.3%
-8.5%
-3.2%
CN¥2.6B
—
CN¥1.1B
2019
CN¥1.5B
CN¥48M
37.5%
3.6%
44.9%
3.3%
CN¥253M
—
CN¥136M
2018
CN¥133M
-CN¥287000
44.7%
1.7%
-4.3%
—
-CN¥1M
—
CN¥68M
Frequently asked questions
Is RLX growing its revenue and profit?
Over the past 5 years, Rlx Technology Inc.'s revenue has grown 0.7% per year. These are computed facts, not advice.
How much debt does RLX have?
As of FY2025, Rlx Technology Inc. reported — of total debt against CN¥5.4B of cash; operating income covered interest expense 51×.
What is RLX's profit margin?
In FY2025, gross margin was 29.9%, operating margin 8.3%, and net margin 23.3%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — its annual and interim reports, in CNY as reported (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (annual and interim filings, reported in CNY) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.