RLX - RLX Technology Inc.
Price:
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CONSENSUS:
Hold
DETAILS
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 3,518.7 | 2,444.5 | 1,244.0 | 5,332.8 | 8,521.0 | 3,819.7 | 1,549.4 | 132.6 |
| Cost of Revenue | 2,367.4 | 1,718.0 | 856.3 | 3,027.6 | 4,848.9 | 2,292.2 | 968.4 | 73.4 |
| Gross Profit | 1,151.4 | 726.5 | 387.7 | 2,305.1 | 3,672.1 | 1,527.6 | 580.9 | 59.2 |
| Operating Expenses | ||||||||
| R&D Expenses | 127.4 | 88.3 | 172.7 | 317.1 | 179.9 | 299.3 | 31.9 | 2.1 |
| SG&A Expenses | 704.3 | 745.4 | 711.7 | 924.6 | 1,193.4 | 1,215.1 | 492.6 | 55.0 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.0) |
| Operating Expenses | 831.8 | 833.7 | 884.4 | 1,241.7 | 1,373.4 | 1,514.4 | 524.6 | 57.0 |
| Operating Income | ||||||||
| Operating Income | 319.6 | (107.1) | (496.7) | 1,063.4 | 2,298.7 | 13.1 | 56.4 | 2.2 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 |
| Interest Income | 595.4 | 616.4 | 627.9 | 180.7 | 72.4 | 52.8 | 0.7 | 0 |
| Profitability | ||||||||
| EBITDA | 1,116.2 | 705.3 | 688.3 | 1,861.7 | 2,705.2 | 36.2 | 69.8 | 2.2 |
| EBIT | 1,024.7 | 658.8 | 591.7 | 1,780.3 | 2,659.6 | 13.1 | 56.4 | 2.2 |
| Income Before Tax | 1,024.7 | 658.8 | 591.7 | 1,780.3 | 2,659.6 | 102.4 | 73.7 | 2.1 |
| Income Tax Expense | 115.7 | 94.5 | 50.8 | 371.6 | 631.4 | 230.5 | 25.9 | 2.4 |
| Net Income | 896.8 | 551.8 | 534.3 | 1,441.2 | 2,024.7 | (128.1) | 47.7 | (0.3) |
| Per Share Data | ||||||||
| EPS (Basic) | 0.70 | 0.45 | 0.40 | 1.09 | 1.44 | -0.08 | 0.03 | -0.00 |
| EPS (Diluted) | 0.70 | 0.43 | 0.40 | 1.09 | 1.44 | -0.08 | 0.03 | -0.00 |
| Shares Outstanding | 1,223.7 | 1,232.1 | 1,339.2 | 1,319.7 | 1,401.4 | 1,553.3 | 1,553.3 | 1,553.3 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Cash & Cash Equivalents | 5,548.5 | 5,593.5 | 2,390.3 | 1,268.5 | 5,209.0 | 222.5 | 69.5 | 68.2 |
| Short-Term Investments | 4,640.0 | 2,899.6 | 5,724.4 | 9,519.7 | 7,643.8 | 300.7 | 47.0 | 0 |
| Net Receivables | 405.0 | 566.2 | 662.7 | 59.5 | 26.0 | 8.3 | 12.3 | 19.3 |
| Inventory | 297.9 | 142.6 | 144.8 | 130.9 | 589.1 | 53.2 | 33.1 | 14.2 |
| Other Current Assets | 319.7 | 70.6 | 39.3 | 219.5 | 174.8 | 2.2 | 0 | 0.2 |
| Total Current Assets | 11,211.2 | 9,301.0 | 8,983.8 | 11,198.2 | 13,950.9 | 591.3 | 169.8 | 104.3 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment | 328.6 | 82.0 | 129.9 | 162.9 | 319.4 | 27.2 | 25.3 | 0.9 |
| Goodwill | 567.5 | 59.6 | 66.5 | 2.8 | 0 | 0 | 0 | 0 |
| Intangible Assets | 213.3 | 52.8 | 69.8 | 4.7 | 8.4 | 0.8 | 0.8 | 0 |
| Long-Term Investments | 5,561.8 | 7,334.8 | 7,001.9 | 4,932.9 | 2,016.6 | 0.6 | 11.2 | 0 |
| Other Non-Current Assets | 29.4 | 2.9 | 4.9 | 13.5 | 49.0 | 0 | 0.2 | 0 |
| Total Non-Current Assets | 6,729.8 | 7,570.1 | 7,331.3 | 5,180.7 | 2,414.2 | 29.5 | 37.5 | 1.4 |
| Total Assets | 17,941.0 | 16,871.0 | 16,315.1 | 16,378.8 | 16,365.1 | 620.8 | 207.3 | 105.7 |
| Current Liabilities | ||||||||
| Account Payables | 404.0 | 295.5 | 109.4 | 52.5 | 506.1 | 81.9 | 21.6 | 17.2 |
| Short-Term Debt | 120.8 | 40 | 41.1 | 0 | 0 | 148.2 | 54.5 | (50.9) |
| Deferred Revenue | 84.1 | 10.6 | 49.6 | 75.2 | 286.7 | 49.0 | 2.6 | 0.5 |
| Other Current Liabilities | 624.6 | 29.2 | (4.2) | 38.2 | 214.9 | 19.6 | 3.7 | (2.9) |
| Total Current Liabilities | 1,966.3 | 857.9 | 668.7 | 789.8 | 2,737.6 | 381.8 | 89.0 | 97.7 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 113.0 | 0 | 23.6 | 8.7 | 4.5 | 0.8 | 1.5 | 0 |
| Other Non-Current Liabilities | 64.3 | 16.2 | 23.6 | 8.7 | 4.5 | 0 | 92.7 | 1.1 |
| Total Non-Current Liabilities | 233.0 | 23.2 | 48.0 | 48.6 | 108.7 | 8.4 | 103.1 | 1.4 |
| Total Liabilities | 2,199.3 | 881.1 | 716.7 | 838.5 | 2,846.4 | 390.1 | 192.1 | 99.1 |
| Stockholders' Equity | ||||||||
| Common Stock | 0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.1 |
| Retained Earnings | 0 | 4,247.0 | 3,765.7 | 3,324.6 | 1,908.9 | (12.5) | 6.7 | (1.1) |
| Accumulated Other Comprehensive Income | 0 | 1,122.9 | 981.3 | 809.9 | (147.5) | 0.0 | 0.0 | 0.8 |
| Total Stockholders' Equity | 15,643.7 | 15,988.2 | 15,609.4 | 15,569.1 | 13,515.0 | 230.7 | 15.3 | 6.6 |
| Total Liabilities & Equity | 17,941.0 | 16,871.0 | 16,315.1 | 16,378.8 | 16,365.1 | 620.8 | 207.3 | 105.7 |
| Debt Metrics | ||||||||
| Total Debt | 176.5 | 58.5 | 95.0 | 85.9 | 184.8 | 155.7 | 63.4 | 0.5 |
| Net Debt | (5,372.1) | (5,535.0) | (2,295.3) | (1,182.6) | (5,024.2) | (66.7) | (6.1) | (67.7) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | 934.4 | 564.3 | 541.0 | 1,408.7 | 2,024.7 | (128.1) | 47.7 | (0.3) |
| Depreciation & Amortization | 91.5 | 75.8 | 96.6 | 159.1 | 113.5 | 62.4 | 13.4 | 0.0 |
| Stock-Based Compensation | 186.2 | 369.7 | 362.9 | 166.2 | 223.3 | 929.1 | 52.7 | 6.8 |
| Change in Working Capital | (102.2) | (120.6) | (307.9) | (839.8) | (657.6) | 1,756.0 | 210.7 | (7.1) |
| Other Non-Cash Items | (2.6) | (44.5) | (498.4) | (368.5) | 95.9 | (18.8) | 2.6 | 0.1 |
| Operating Cash Flow | 1,104.5 | 854.3 | 198.7 | 486.8 | 1,799.9 | 2,589.4 | 338.1 | (1.0) |
| Investing Activities | ||||||||
| Capital Expenditure | (118.7) | (12.3) | (32.4) | (38.6) | (138.8) | (17.5) | (92.4) | (0.4) |
| Acquisitions | (599.1) | 0 | (2,094.7) | 0 | 7.9 | (4.9) | 0 | 0 |
| Purchases of Investments | (17,137.4) | (13,049.9) | (17,131.4) | (45,789.7) | (21,719.2) | (7,465.7) | (353.7) | 0 |
| Sales/Maturities of Investments | 17,032.5 | 16,078.6 | 19,254.4 | 16,119.5 | 13,987.4 | 5,740.9 | 0 | 0 |
| Other Investing Activities | (0.4) | (0.6) | 2,091.1 | 25,575.8 | (7.9) | (65.8) | (51.8) | (0.4) |
| Investing Cash Flow | (822.2) | 3,018.0 | 2,091.1 | (4,133.0) | (7,870.7) | (1,812.9) | (497.8) | (0.4) |
| Financing Activities | ||||||||
| Net Debt Issuance | (6.9) | 40 | 0 | (1.4) | 0 | 0 | 0 | 5 |
| Stock Repurchased | (183.9) | (589.4) | (996.6) | (500.4) | (127.5) | 0 | 0 | 0 |
| Dividends Paid | (91.5) | (88.8) | (92.4) | (0.6) | (325.4) | 0 | (36) | 0 |
| Other Financing Activities | (1.6) | (39.8) | (104.2) | 25.1 | 314.7 | 174.9 | 612.4 | 33.6 |
| Financing Cash Flow | (282.7) | (678.0) | (1,193.2) | (477.3) | 9,904.1 | 174.9 | 576.4 | 69.6 |
| Cash Position | ||||||||
| Net Change in Cash | (99.3) | 3,224.3 | 1,131.0 | (3,920.4) | 3,754.7 | 970.7 | 415.9 | 68.2 |
| Cash at Beginning | 5,644.4 | 2,420.1 | 1,289.1 | 5,209.5 | 1,454.8 | 484.1 | 68.2 | 0 |
| Cash at End | 5,545.0 | 5,644.4 | 2,420.1 | 1,289.1 | 5,209.5 | 1,454.8 | 484.1 | 68.2 |
| Free Cash Flow | 985.8 | 842.1 | 166.3 | 448.2 | 1,661.1 | 2,571.9 | 245.7 | (1.4) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 3,518.7 | 2,444.5 | 1,244.0 | 5,332.8 | 8,521.0 | 3,819.7 | 1,549.4 | 132.6 |
| Gross Profit | 1,151.4 | 726.5 | 387.7 | 2,305.1 | 3,672.1 | 1,527.6 | 580.9 | 59.2 |
| Operating Income | 319.6 | (107.1) | (496.7) | 1,063.4 | 2,298.7 | 13.1 | 56.4 | 2.2 |
| Net Income | 896.8 | 551.8 | 534.3 | 1,441.2 | 2,024.7 | (128.1) | 47.7 | (0.3) |
| EPS (Diluted) | 0.70 | 0.43 | 0.40 | 1.09 | 1.44 | -0.08 | 0.03 | -0.00 |
| Balance Sheet | ||||||||
| Cash & Equivalents | 5,548.5 | 5,593.5 | 2,390.3 | 1,268.5 | 5,209.0 | 222.5 | 69.5 | 68.2 |
| Total Assets | 17,941.0 | 16,871.0 | 16,315.1 | 16,378.8 | 16,365.1 | 620.8 | 207.3 | 105.7 |
| Total Debt | 176.5 | 58.5 | 95.0 | 85.9 | 184.8 | 155.7 | 63.4 | 0.5 |
| Stockholders' Equity | 15,643.7 | 15,988.2 | 15,609.4 | 15,569.1 | 13,515.0 | 230.7 | 15.3 | 6.6 |
| Cash Flow | ||||||||
| Operating Cash Flow | 1,104.5 | 854.3 | 198.7 | 486.8 | 1,799.9 | 2,589.4 | 338.1 | (1.0) |
| Capital Expenditure | (118.7) | (12.3) | (32.4) | (38.6) | (138.8) | (17.5) | (92.4) | (0.4) |
| Free Cash Flow | 985.8 | 842.1 | 166.3 | 448.2 | 1,661.1 | 2,571.9 | 245.7 | (1.4) |