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

RLX Technology Inc. Sponsored ADR

RLX Consumer Defensive Tobacco

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%
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 (at or above 1.5: strong)
Debt/Equity 0.01 (at or below 0.5: strong)
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% (at or above 15%: strong)
Next Y EPS Growth 23.26% (at or above 15%: strong)
Next Y revenue growth 70.27% (at or above 10%: strong)
Next 5Y EPS Growth 18.88% (at or above 15%: strong)

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.2×, against a ten-year median of 3.4×; over the ten years it ranged from −0.6× in 2022 to 15.6× in 2023.
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.

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

RLX Technology Inc. Sponsored ADR vs peers in Tobacco (Q) = latest quarter vs a year earlier

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.

RLX Technology Inc. Sponsored ADR (RLX) Latest News

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stockrow.com/RLX · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com