Financials in USD. Standardized financial statements.
A compact view of how RLX Technology Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue? | $3.52B | $2.44B | $1.24B | $5.33B | $8.52B | $3.82B | $1.55B | $132.61M |
| Revenue Growth? | +43.9% | +96.5% | -76.7% | -37.4% | +123.1% | +146.5% | +1068.3% | 0.0% |
| Cost of Revenue? | $2.37B | $1.72B | $856.33M | $3.03B | $4.85B | $2.29B | $968.41M | $73.37M |
| Gross Profit? | $1.15B | $726.52M | $387.71M | $2.31B | $3.67B | $1.53B | $580.94M | $59.25M |
| Gross Margin? | +32.7% | +29.7% | +31.2% | +43.2% | +43.1% | +40.0% | +37.5% | +44.7% |
| Operating Expenses? | $831.75M | $833.66M | $884.42M | $1.24B | $1.37B | $1.51B | $524.56M | $57.04M |
| Operating Income? | $319.61M | -$107.14M | -$496.71M | $1.06B | $2.30B | $13.15M | $56.39M | $2.21M |
| EBITDA? | $319.61M | -$60.63M | -$400.11M | $1.14B | $2.34B | $36.22M | $69.79M | $2.25M |
| Income Before Tax | $1.02B | $658.80M | $591.74M | $1.78B | $2.66B | $102.43M | $73.67M | $2.10M |
| Income Tax Expense | $115.75M | $94.46M | $50.76M | $371.58M | $631.43M | $230.53M | $25.92M | $2.38M |
| Net Income? | $896.75M | $551.84M | $534.33M | $1.44B | $2.02B | -$128.10M | $47.75M | -$287,000 |
| EPS? | $0.70 | $0.45 | $0.40 | $1.09 | $1.44 | $-0.08 | $0.03 | $-0.00 |
| Diluted EPS? | $0.70 | $0.43 | $0.40 | $1.09 | $1.44 | $-0.08 | $0.03 | $-0.00 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality