RLX Technology Inc. RLX
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No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS0.10
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $566.1M | $376.6M | $223.4M | $773.2M | $1.34B | $585.4M | — | — |
| Cost of revenue | $348.0M | $235.4M | $120.6M | $431.3M | $760.9M | $351.3M | — | — |
| Gross profit | $169.3M | $99.5M | $54.6M | $334.2M | $576.2M | $234.1M | — | — |
| R&D | $18.7M | $12.1M | $24.3M | $46.0M | $28.2M | $45.9M | — | — |
| SG&A | $48.2M | $70.7M | $70.1M | $83.6M | $105.6M | $118.3M | — | — |
| Total operating expenses | $122.3M | $114.2M | $124.6M | $180.0M | $215.5M | $232.1M | — | — |
| Operating income | $47.0M | -$14.7M | -$70.0M | $154.2M | $360.7M | $2.0M | — | — |
| Interest expense | $914.0K | $24.0K | — | $203.0K | — | — | — | — |
| Pre-tax income | $150.6M | $90.3M | $83.3M | $258.1M | $417.3M | $15.7M | — | — |
| Income tax | $17.0M | $12.9M | $7.1M | $53.9M | $99.1M | $35.3M | — | — |
| Net income | $131.8M | $75.6M | $75.3M | $209.0M | $317.7M | -$19.6M | — | — |
| EPS, basic | 0.10 | 0.06 | 0.06 | 0.16 | 0.23 | -0.01 | — | — |
| EPS, diluted | 0.10 | 0.06 | 0.06 | 0.16 | 0.23 | -0.01 | — | — |
| Shares, diluted (wtd. avg.) | $1.22B | $1.29B | $1.34B | $1.33B | $1.41B | $1.44B | $1.44B | $1.19B |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $767.5M | $807.1M | $331.5M | $181.6M | $755.3M | $228.3M | $74.2M | — |
| Short-term investments | $332.7M | $98.6M | $435.7M | $353.0M | $568.3M | $225.8M | — | — |
| Inventory | $42.6M | $19.5M | $20.4M | $19.0M | $92.4M | $50.4M | — | — |
| Total current assets | $1.60B | $1.27B | $1.27B | $1.62B | $2.19B | $592.6M | — | — |
| Property, plant and equipment | $35.2M | $7.0M | $10.9M | $12.7M | $22.5M | $11.4M | — | — |
| Goodwill | $81.1M | $8.2M | $9.4M | — | — | — | — | — |
| Other intangibles | $30.5M | $7.2M | $9.8M | $1.1M | $1.3M | $826.0K | — | — |
| Total assets | $2.56B | $2.31B | $2.30B | $2.37B | $2.57B | $622.2M | — | — |
| Short-term debt | $13.2M | $5.5M | — | — | — | — | — | — |
| Total current liabilities | $281.0M | $117.5M | $94.2M | $114.5M | $429.6M | $382.6M | — | — |
| Total liabilities | $314.3M | $120.7M | $100.9M | $121.6M | $446.7M | $391.0M | — | — |
| Retained earnings | $589.1M | $578.1M | $530.4M | $482.0M | $299.5M | -$12.5M | — | — |
| Total equity | $2.24B | $2.19B | $2.20B | $2.26B | $2.12B | $231.2M | — | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $157.9M | $117.0M | $28.0M | $70.6M | $282.4M | $396.8M | — | — |
| Depreciation and amortisation | $4.4M | $3.8M | $5.3M | $11.0M | $6.4M | $3.0M | — | — |
| Stock-based compensation | $26.6M | $50.6M | $51.1M | $24.1M | $35.0M | $142.4M | — | — |
| Capital expenditure | $16.8M | $1.4M | $4.0M | $5.6M | $20.5M | $1.9M | — | — |
| Investing cash flow | -$117.6M | $413.5M | $294.5M | -$599.2M | -$1.24B | -$277.8M | — | — |
| Financing cash flow | -$40.4M | -$92.9M | -$168.1M | -$69.2M | $1.55B | $26.8M | — | — |
| Dividends paid | $13.1M | $12.2M | $13.0M | — | — | — | — | — |
| Buybacks | $26.3M | $80.7M | $140.4M | $72.5M | $20.0M | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-047278.
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| XXII | 22nd Century Group, Inc. | $1.7M | — | -27.9% |
| BTI | British American Tobacco p.l.c. | — | — | — |