RLX Technology Announces Unaudited Fourth Quarter and Fiscal Year 2025 Financial Results
RLX Technology Inc. American Depositary Shares, each representing the right to receive one (1) Class A ordinary share (RLX)
Company Research
Source: PR Newswire
SHENZHEN, China, March 13, 2026 /PRNewswire/ -- RLX Technology Inc. ("RLX Technology" or the "Company") (NYSE: RLX), a leading global branded e-vapor company, today announced its unaudited financial results for the fourth quarter and the fiscal year ended December 31, 2025.Fourth Quarter 2025 Financial HighlightsNet revenues were RMB1,141.3 million (US$163.2 million) in the fourth quarter of 2025, increasing by 40.3% from RMB813.5 million in the same period of 2024.Gross margin was 31.4% in the fourth quarter of 2025, compared with 27.0% in the same period of 2024.Non-GAAP income from operations[1] was RMB158.1 million (US$22.6 million) in the fourth quarter of 2025, increasing by 37.9% from RMB114.7 million in the same period of 2024.U.S. GAAP net income was RMB286.3 million (US$40.9 million) in the fourth quarter of 2025, increasing by 124.8% from RMB127.4 million in the same period of 2024.Non-GAAP net income[1] was RMB323.0 million (US$46.2 million) in the fourth quarter of 2025,
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News
- RLX Technology (RLX) had its price target lowered by Citigroup Inc. from $2.60 to $2.50. They now have a "neutral" rating on the stock.MarketBeat
- Maintaining RLX Technology At 'Strong Buy' [Seeking Alpha]Seeking Alpha
- RLX Technology (RLX) was downgraded by <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=RLX&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> from "hold" to MarketBeat
- Is Now The Time To Reassess RLX Technology (RLX) After A 5-Year 88% Share Price Slide [Yahoo! Finance]Yahoo! Finance
- RLX Technology Inc (RLX) Q4 2025 Earnings Call Highlights: Robust Revenue Growth and Strategic ... [Yahoo! Finance]Yahoo! Finance
RLX
Sec Filings
- 3/18/26 - Form 3
- 3/18/26 - Form 3
- 3/18/26 - Form 3
- RLX's page on the SEC website