Saturday 17 October 2026 Export RLX’s income statement to Excel — free account

RLX Technology Inc. Sponsored ADR

In the quarter to June 2026, revenue grew 21.9%, EPS grew 30.0%, free cash flow fell 129.3% and total debt rose 72.5%, each against the same quarter a year earlier.

1.70 0.01 −0.58%

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Market cap: $1.6B
P/E: 16.0×
Fwd P/E: 17.0×
Dividend yield: —
F-score: 7/9
Altman Z: 6.64
Beneish M: −2.69
Dividend safety: 70/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 29.28%

Capital & Financial Ratios $m

Market Cap 1,560.00

Revenue 656.97

Net Income 133.62

Free Cash Flow 77.51

Net Debt (1,289.38)

Current Ratio 10.61

Debt/Equity 0.01

P/E ratio 16.04

Fwd P/E 17.00

P/S ratio 3.17

P/B ratio 0.93

Past 5Y EPS Growth —

This Y EPS Growth 22.05%

Next Y EPS Growth 23.26%

Next Y revenue growth 70.01%

Next 5Y EPS Growth 18.88%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 20.89%

10-year low 10-year high

P/S against its own 10 years 16.08%

10-year low 10-year high

P/B against its own 10 years 10.20%

10-year low 10-year high

EV/Sales against its own 10 years 12.55%

10-year low 10-year high

EV/FCF against its own 10 years 59.17%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	Powerpack
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,147	1,171	1,456	1,322
Receivables	26	59	58	122
Inventory	20	20	43	61
Other	—	—	—	—
	1,265	1,274	1,602	1,590

	2023	2024	2025	Q'26
Payables	38	63	58	34
ST’ Debt	—	5	13	24
Other	7	1	12	12
	94	118	281	150

Compound Annual Growth %

	10y	5y	3y
Sales	—	(2.44%)	(12.25%)
Cash Flow	—	(16.83%)	30.80%
Earnings	—	0.00%	(14.23%)
Book Value	—	57.62%	(0.05%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	213	135	—	—	—
’25	98	111	145	164	517
’24	65	77	97	96	335
’23	18	37	45	75	175
’22	270	334	147	15	766
’21	366	394	260	317	1,337
’20	53	—	—	248	585

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(10)	(9)	—	—	—
’25	29	32	51	46	158
’24	1	27	23	66	117
’23	(34)	7	9	45	28
’22	49	213	(158)	(33)	71
’21	126	102	(22)	75	282
’20	(10)	—	191	205	397

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(10)	(9)	—	—	—
’25	29	32	51	30	141
’24	1	27	23	65	115
’23	(34)	7	9	41	23
’22	49	213	(158)	(38)	64
’21	126	102	(22)	55	261
’20	(10)	—	190	205	394

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.03	0.03	—	—	—
’25	0.02	0.02	0.02	0.03	0.10
’24	0.01	0.01	0.02	0.01	0.06
’23	(0.01)	0.02	0.02	0.02	0.06
’22	0.08	0.05	0.05	(0.03)	0.16
’21	(0.03)	0.09	0.11	0.06	0.23
’20	0.00	—	—	(0.03)	(0.01)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	3.30	0.90	1.39	1.50	1.66	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	35.00	4.09	3.00	2.21	2.84
People
People	Employees	—	—	—	661	725	1,235	707	397	381	897
	Revenue/emp, $m	—	—	—	0.35	0.81	1.08	1.08	0.44	0.88	0.58
Income, $m
Income, $m	Revenue	—	—	—	228	585	1,337	766	175	335	517
	Gross margin, %	—	—	—	37.50	39.99	43.09	43.66	31.17	29.72	32.72
	EBT	—	—	—	11	16	417	258	83	90	151
	EBT margin, %	—	—	—	4.76	2.68	31.21	33.72	47.57	26.95	29.12
	Net income	—	0	—	7	(20)	318	204	76	77	134
	Depreciation	—	—	—	0	4	7	12	7	6	9
Per share, $
Per share, $	Revenue	—	—	—	0.16	0.41	0.95	0.58	0.13	0.27	0.42
	Earnings	—	—	—	0.00	(0.01)	0.23	0.16	0.06	0.06	0.10
	Cash flow	—	—	—	0.03	0.28	0.20	0.05	0.02	0.10	0.13
	Capex	—	—	—	(0.01)	0.00	(0.02)	0.00	0.00	0.00	(0.01)
	Free cash flow	—	—	—	0.03	0.27	0.19	0.05	0.02	0.09	0.12
	Book value	—	—	—	0.01	0.16	1.51	1.71	1.68	1.78	1.84
	Shares, m	—	—	—	1,437	1,437	1,401	1,320	1,311	1,232	1,224
Valuation, ×
Valuation, ×	P/E	—	—	—	0.00	0.00	16.96	16.40	36.25	36.12	23.30
	P/S	—	—	—	0.00	0.00	4.09	4.24	14.59	7.95	5.51
	P/B	—	—	—	183.39	183.39	2.58	1.44	1.16	1.21	1.27
	EV/Sales	—	—	—	0.00	0.00	2.69	2.25	8.10	4.47	2.74
	EV/FCF	—	—	—	96.27	96.27	14.55	40.54	(238.01)	18.13	11.03
Cash, $m
Cash, $m	Operating cash flow	—	—	—	50	397	282	71	28	117	158
	Capex	—	—	—	(14)	(3)	(22)	(6)	(5)	(2)	(17)
	Free cash flow	—	—	—	36	394	261	64	23	115	141
Balance, $m
Balance, $m	Working capital	—	—	—	83	210	1,760	1,509	1,171	1,157	1,321
	Total debt	—	—	—	64	156	151	44	3	6	21
	Net debt	—	—	—	(56)	(369)	(1,866)	(1,523)	(1,144)	(1,164)	(1,435)
	Shareholders’ equity	—	—	—	16	231	2,121	2,253	2,197	2,191	2,250
Returns, %
Returns, %	ROA	—	—	—	6.61	(4.70)	19.92	8.46	3.22	3.28	5.41
	ROIC	—	—	—	0.00	0.00	88.14	13.20	(4.15)	(0.89)	3.60
	ROE	—	—	—	5.72	(15.90)	27.01	9.55	3.38	3.45	5.94

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
PM Philip Morris International Inc.	$311.6B	29.5×	22.6×	+10.37% (above 0%: growing)	−7.69% (below 0%: shrinking)	+67.28% (above 0%: growing)	68.43%	40.48%	Compare
BTI British American Tobacco p.l.c.	$124.7B	7.6×	12.9×	+0.62% (above 0%: growing)	+13.60% (above 0%: growing)	+12.44% (above 0%: growing)	69.38%	0.00%	Compare
MO Altria Group, Inc.	$123.3B	15.8×	12.9×	+0.15% (above 0%: growing)	−2.84% (below 0%: shrinking)	+282.66% (above 0%: growing)	62.51%	51.32%	Compare
RLX RLX Technology Inc. Sponsored ADR	$1.6B	16.0×	17.0×	+21.90% (above 0%: growing)	+30.00% (above 0%: growing)	−129.25% (below 0%: shrinking)	39.03%	14.22%
TPB Turning Point Brands, Inc.	$1.2B	26.3×	60.5×	+22.57% (above 0%: growing)	−77.78% (below 0%: shrinking)	+235.11% (above 0%: growing)	65.55%	11.69%	Compare
AIIR Air Global PLC	$1.2B	— (loss-making)	—	—	n/m	−487.91% (below 0%: shrinking)	56.58%	(46.44%)	Compare
UVV Universal Corporation	$1.0B	53.4×	12.5×	−11.79% (below 0%: shrinking)	n/m	+38.82% (above 0%: growing)	15.86%	0.44%	Compare
ISPR Ispire Technology Inc.	$83.2M	— (loss-making)	— (loss-making)	+32.55% (above 0%: growing)	n/m	−26.12% (below 0%: shrinking)	6.32%	(50.72%)	Compare
RYM RYTHM, Inc.	$40.1M	— (loss-making)	— (loss-making)	+1,027.38% (above 0%: growing)	n/m	+202.80% (above 0%: growing)	80.52%	8.41%	Compare
Median of peers	$1.2B	26.3×	12.9×	+10.37%	−5.26%	+53.05%	64.03%	4.43%

All 11 Tobacco stocks →

RLX Technology Inc. Sponsored ADR (RLX) key facts

RLX Technology Inc. Sponsored ADR (RLX) is a Tobacco company in the Consumer Defensive sector, listed on the New York Stock Exchange.
As of October 16, 2026, RLX traded at $1.70, a market capitalization of $1.6 billion.
Return on equity was 5.94% and debt-to-equity 0.01.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 6.64 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.