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RLX Financials Rlx Technology Inc.

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
-CN¥128M CN¥4B CN¥9B CN¥0 2018 2019 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-31% 7% 45% 0% 2018 2019 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-8% 18% 45% 0% 2018 2019 2020 2021 2022 2023 2024 2025
ROEROA
Free cash flow (CFO − capex)
-CN¥1M CN¥1B CN¥3B CN¥0 2018 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
CN¥0 CN¥3B CN¥6B 2018 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-CN¥8B CN¥1B CN¥10B CN¥0 2018 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
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.