# RLX Technology Inc.: overview

RLX · NYSE · CIK 1828365 · [Consumer staples](/sectors/consumer-staples.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/rlx.md) · [Financials](/companies/rlx/financials.md) · [Filings](/companies/rlx/filings.md) · [Insiders](/companies/rlx/insiders.md)

Revenue is not reported in this company’s XBRL financial statements.

## Last eight quarters

Not reported.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,337](/filings/0001104659-22-052805.md) | [773](/filings/0001104659-23-047999.md) | [223](/filings/0001104659-24-049421.md) | [377](/filings/0001410578-25-000790.md) | [566](/filings/0001104659-26-047278.md) |
| Gross margin | % | [43.1%](/filings/0001104659-22-052805.md) | [43.2%](/filings/0001104659-23-047999.md) | [24.4%](/filings/0001104659-24-049421.md) | [26.4%](/filings/0001410578-25-000790.md) | [29.9%](/filings/0001104659-26-047278.md) |
| Operating margin | % | [27.0%](/filings/0001104659-22-052805.md) | [19.9%](/filings/0001104659-23-047999.md) | [(31.3%)](/filings/0001104659-24-049421.md) | [(3.9%)](/filings/0001410578-25-000790.md) | [8.3%](/filings/0001104659-26-047278.md) |
| Net margin | % | [23.8%](/filings/0001104659-22-052805.md) | [27.0%](/filings/0001104659-23-047999.md) | [33.7%](/filings/0001104659-24-049421.md) | [20.1%](/filings/0001410578-25-000790.md) | [23.3%](/filings/0001104659-26-047278.md) |
| Diluted EPS | $ per share | [0.23](/filings/0001104659-22-052805.md) | [0.16](/filings/0001104659-23-047999.md) | [0.06](/filings/0001104659-24-049421.md) | [0.06](/filings/0001410578-25-000790.md) | [0.10](/filings/0001104659-26-047278.md) |
| Free cash flow | $m | [262](/filings/0001104659-22-052805.md) | [65.0](/filings/0001104659-23-047999.md) | [24.0](/filings/0001104659-24-049421.md) | [116](/filings/0001410578-25-000790.md) | [141](/filings/0001104659-26-047278.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/rlx/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [First Beijing Investment Ltd](/funds/1701717.md) | 2026-06-30 | $113.7m | 59,821,839 |  | Reduced −307,832 |
| [IDG China Venture Capital Fund V Associates L.P.](/funds/1709671.md) | 2026-06-30 | $104.6m | 55,074,473 |  | Reduced −2,058,530 |
| [NOMURA HOLDINGS INC](/funds/1163653.md) | 2026-06-30 | $42.9m | 22,583,602 |  | Added +20,221,393 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $39.8m | 20,925,425 |  | Reduced −546,627 |
| [OLP CAPITAL MANAGEMENT Ltd](/funds/1738126.md) | 2026-06-30 | $25.3m | 13,322,760 |  | Added +135,045 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $18.3m | 9,634,820 |  | Added +109,933 |
| [D. E. Shaw & Co., Inc.](/funds/1009207.md) | 2026-06-30 | $18.1m | 9,550,710 |  | Reduced −59,275 |
| [Perseverance Asset Management International](/funds/1802695.md) | 2026-06-30 | $14.0m | 7,360,737 |  | Reduced −135,125 |
| [Oasis Management Co Ltd.](/funds/1317904.md) | 2026-06-30 | $12.3m | 6,497,600 |  | Unchanged |
| [BARCLAYS PLC](/funds/312069.md) | 2026-06-30 | $11.5m | 6,048,550 |  | Unchanged |

## Recent filings

[All 86 filings](/companies/rlx/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-14 | 06:56 ET | [6-K](/filings/0001104659-26-096395.md) | Report of a foreign private issuer, period 2026-08-14 | 0001104659-26-096395 |
| 2026-05-20 | 09:02 ET | [6-K](/filings/0001104659-26-064175.md) | Report of a foreign private issuer, period 2026-05-20 | 0001104659-26-064175 |
| 2026-04-23 | 08:11 ET | [20-F](/filings/0001104659-26-047278.md) | Annual report of a foreign private issuer, period 2025-12-31 | 0001104659-26-047278 |
| 2026-03-13 | 06:41 ET | [6-K](/filings/0001104659-26-027330.md) | Report of a foreign private issuer, period 2026-03-13 | 0001104659-26-027330 |
| 2025-12-31 | 06:03 ET | [6-K](/filings/0001104659-25-125369.md) | Report of a foreign private issuer, period 2025-12-31 | 0001104659-25-125369 |
| 2025-11-14 | 06:02 ET | [6-K](/filings/0001104659-25-111711.md) | Report of a foreign private issuer, period 2025-11-14 | 0001104659-25-111711 |
| 2025-08-22 | 07:09 ET | [6-K](/filings/0001104659-25-081600.md) | Report of a foreign private issuer, period 2025-08-22 | 0001104659-25-081600 |
| 2025-05-16 | 06:02 ET | [6-K](/filings/0001104659-25-049727.md) | Report of a foreign private issuer, period 2025-05-16 | 0001104659-25-049727 |
| 2025-04-17 | 16:01 ET | [20-F](/filings/0001410578-25-000790.md) | Annual report of a foreign private issuer, period 2024-12-31 | 0001410578-25-000790 |
| 2025-03-14 | 06:10 ET | [6-K](/filings/0001104659-25-023665.md) | Report of a foreign private issuer, period 2025-03-14 | 0001104659-25-023665 |

## Latest annual report

[Form 20-F for the fiscal year ended Dec 31, 2025](/filings/0001104659-26-047278.md), filed Apr 23, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1828365
- Tickers: RLX
- Exchange: NYSE
- SIC code: 2111 Cigarettes
- State of incorporation: E9
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:48 ET. No prices; not investment advice.
