RLX Technology Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	3,959	2,749	1,586	5,333	8,521
Revenue Growth (YoY)	44.03%	73.26%	-70.25%	-37.42%	123.08%
Cost of Revenue	2,434	1,718	856.33	2,975	4,849
Gross Profit	1,184	726.52	387.71	2,305	3,672
Selling, General & Admin	724.04	745.35	711.74	924.61	1,193
Research & Development	131.01	88.31	172.69	317.11	179.91
Other Operating Expenses	341.6	304.05	342.35	52.67	-
Total Operating Expenses	1,197	1,138	1,227	1,294	1,373
Operating Income	328.56	-107.15	-496.71	1,063	2,299
Interest Income	51.62	49.64	245.7	136.53	94.22
Other Non-Operating Income (Expense)	673.19	716.31	842.75	580.37	266.62
Total Non-Operating Income (Expense)	724.81	765.95	1,088	716.9	360.85
Pretax Income	1,053	658.8	591.74	1,780	2,660
Provision for Income Taxes	118.99	94.46	50.76	371.58	631.43
Net Income	921.87	551.84	534.33	1,441	2,025
Minority Interest in Earnings	12.51	12.51	6.66	-32.49	3.41
Net Income to Common	921.87	551.84	534.33	1,441	2,025
Net Income Growth	67.05%	3.28%	-62.92%	-28.82%	-
Shares Outstanding (Basic)	1,224	1,232	1,311	1,320	1,401
Shares Outstanding (Diluted)	1,224	1,289	1,340	1,328	1,410
Shares Change (YoY)	-5.04%	-3.84%	0.93%	-5.79%	-1.89%
EPS (Basic)	0.70	0.45	0.41	1.09	1.45
EPS (Diluted)	0.70	0.43	0.40	1.08	1.44
EPS Growth	63.08%	7.27%	-63.23%	-24.44%	-
Shares Outstanding	1,217	1,218	1,272	1,313	1,566
Free Cash Flow	986.82	844.26	170.48	448.19	1,669
Free Cash Flow Growth	16.89%	395.22%	-61.96%	-73.15%	-35.23%
Free Cash Flow Per Share	0.81	0.66	0.13	0.34	1.18
Dividends Per Share	0.769	0.073	0.071	-	-
Dividend Growth	953.97%	2.96%	-	-	-
Gross Margin	29.90%	26.43%	24.44%	43.23%	43.09%
Operating Margin	8.30%	-3.90%	-31.31%	19.94%	26.98%
Profit Margin	23.60%	20.53%	34.10%	26.42%	23.80%
FCF Margin	24.93%	30.72%	10.75%	8.40%	19.59%
EBITDA	388.86	-66.9	-450.2	1,145	2,344
EBITDA Margin	9.82%	-2.43%	-28.38%	21.47%	27.51%
EBIT	328.56	-107.15	-496.71	1,063	2,299
EBIT Margin	8.30%	-3.90%	-31.31%	19.94%	26.98%
Effective Tax Rate	11.30%	14.34%	8.58%	20.87%	23.74%

Updated Mar 13, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q