To the full analysis
RLX Technology stock: growth
RLXRLX Technology reported $527.68M in revenue for fiscal 2025, up 43.9% on the prior year, down 1.6% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
59.7%
per year from 2018 to 2025, per share 65.3%
Earnings (Annual rate)
no data
Free cash flow (Annual rate)
no data
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2018 | |
|---|---|---|
| Revenue | −1.6% | 59.7% |
| Revenue per share | 3.2% | 65.3% |
| Earnings | no data | no data |
| Earnings per share | no data | no data |
| Free cash flow | −17.5% | no data |
| Free cash flow per share | −13.4% | no data |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2018 | $19.89M | −$43.04K | −$206.05K |
| 2019 | $232.35M | $7.16M | $36.85M |
| 2020 | $572.82M | −$19.21M | $385.7M |
| 2021 | $1.28B | $303.63M | $249.1M |
| 2022 | $799.73M | $216.13M | $67.21M |
| 2023 | $186.56M | $80.13M | $24.94M |
| 2024 | $366.59M | $82.76M | $126.28M |
| 2025 | $527.68M | $134.48M | $147.84M |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = CN¥6.6683)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 13 Feb 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.