RLX Technology Inc. (RLX)

RLX Technology Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-	934.38	564.34	540.99	1,409	2,028
Depreciation & Amortization	-	60.3	40.25	46.51	81.41	45.64
Stock-Based Compensation	-	186.24	369.66	362.87	166.16	223.35
Other Adjustments	-	25.87	0.74	-443.8	234.35	130.97
Change in Receivables	-	-31.79	-17.14	23.08	-30.41	-3.22
Changes in Inventories	-	-55.09	-21.74	-39.05	278.49	-349.04
Changes in Accounts Payable	-	-55.56	192.11	-30.06	-1,020	-170.94
Changes in Accrued Expenses	-	3.23	35.3	-118.42	-215.92	184.75
Changes in Income Taxes Payable	-	6.88	48.99	-36.86	-490.65	234.12
Changes in Unearned Revenue	-	-0.61	-38.98	-25.8	-211.43	-33.78
Changes in Other Operating Activities	-	30.71	-319.19	-80.76	285.59	-490.08
Operating Cash Flow	828.54	1,105	854.35	198.7	486.83	1,800
Operating Cash Flow Growth	-21.65%	29.29%	329.96%	-59.18%	-72.95%	-30.49%
Capital Expenditures	-	-117.73	-10.09	-28.22	-38.64	-130.94
Sale of Property, Plant & Equipment	-	0.57	0.29	-	-	-
Purchases of Intangible Assets	-	-0.99	-2.18	-4.19	-5.93	-7.9
Purchases of Investments	-	-17,137	-13,050	-17,131	-45,790	-21,719
Proceeds from Sale of Investments	-	17,033	16,079	19,254	41,701	13,966
Payments for Business Acquisitions	-	-599.09	-	-	-	-
Other Investing Activities	-	-	1.28	0.64	-	21.01
Investing Cash Flow	48.65	-822.19	3,018	2,091	-4,133	-7,871
Long-Term Debt Issued	-	92.1	40	-	198.6	-
Long-Term Debt Repaid	-	-99.02	-	-	-200	-
Net Long-Term Debt Issued (Repaid)	-	-6.92	40	-	-1.4	-
Issuance of Common Stock	-	1.15	1.45	8.76	23.86	10,042
Repurchase of Common Stock	-	-183.93	-589.36	-996.63	-500.37	-127.52
Net Common Stock Issued (Repurchased)	-	-182.78	-587.91	-987.87	-476.51	9,915
Common Dividends Paid	-	-91.47	-88.84	-92.38	-	-
Other Financing Activities	-	-1.58	-41.28	-112.96	0.64	-10.79
Financing Cash Flow	-1,161	-282.75	-678.03	-1,193	-477.27	9,904
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-148.57	-98.96	29.98	34.34	203.1	-78.69
Net Cash Flow	-432.27	-99.35	3,224	1,131	-3,920	3,755
Free Cash Flow	828.54	986.82	844.26	170.48	448.19	1,669
Free Cash Flow Growth	-16.04%	16.89%	395.22%	-61.96%	-73.15%	-35.23%
FCF Margin	17.49%	24.93%	30.72%	10.75%	8.40%	19.59%
Free Cash Flow Per Share	0.60	0.81	0.66	0.13	0.34	1.18
Levered Free Cash Flow	983.96	787.07	518.5	221.67	109.18	1,314
Unlevered Free Cash Flow	436.68	163.57	-165.12	-766.76	-489.18	1,043

Updated May 20, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q