Cash flow RLX Technology Inc.

Equities

RLX

US74969N1037

Tobacco

Real-time Estimate Cboe BZX Other stock markets 19:07:42 20/01/2026 GMT			5-day change	1st Jan Change
2.285 ^USD	-1.08%		-0.44%	-2.15%

12-31	Tranche Update on RLX Technology Inc.'s Equity Buyback Plan announced on December 8, 2021.	CI
12-31	RLX Technology Extends Share Buyback Plan Through 2027	MT

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Published financial data: RLX TECHNOLOGY INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	3.82B	8.52B	5.28B	1.24B	2.44B
Total Revenues	3.82B	8.52B	5.28B	1.24B	2.44B
Cost of Goods Sold, Total	2.29B	4.85B	2.97B	856M	1.72B
Gross Profit	1.53B	3.67B	2.31B	388M	727M
Selling General & Admin Expenses, Total	1.22B	1.19B	925M	712M	745M
R&D Expenses	299M	180M	317M	173M	88.31M
Other Operating Expenses, Total	1.51B	1.37B	1.24B	884M	834M
Operating Income	13.15M	2.3B	1.06B	-497M	-107M
Interest Expense, Total	-	-	-	-	-
Interest And Investment Income	52.76M	167M	317M	874M	666M
Net Interest Expenses	52.76M	167M	317M	874M	666M
Other Non Operating Income (Expenses)	37.52M	194M	404M	215M	99.92M
EBT, Excl. Unusual Items	103M	2.66B	1.78B	592M	659M
Gain (Loss) On Sale Of Investments	-1M	-	-4M	-	-
EBT, Incl. Unusual Items	102M	2.66B	1.78B	592M	659M
Income Tax Expense	231M	631M	372M	50.76M	94.46M
Earnings From Continuing Operations	-128M	2.03B	1.41B	541M	564M
Net Income to Company	-128M	2.03B	1.41B	541M	564M
Minority Interest	-	-3.41M	32.49M	-6.66M	-12.51M
Net Income - (IS)	-128M	2.02B	1.44B	534M	552M
Net Income to Common Incl Extra Items	-128M	2.02B	1.44B	534M	552M
Net Income to Common Excl. Extra Items	-128M	2.02B	1.44B	534M	552M
Per Share Items
Net EPS - Basic	-0.09	1.44	1.09	0.41	0.45
Basic EPS - Continuing Operations	-0.09	1.44	1.09	0.41	0.45
Basic Weighted Average Shares Outstanding	1.44B	1.4B	1.32B	1.31B	1.23B
Net EPS - Diluted	-0.09	1.44	1.08	0.4	0.43
Diluted EPS - Continuing Operations	-0.09	1.44	1.08	0.4	0.43
Diluted Weighted Average Shares Outstanding	1.44B	1.41B	1.33B	1.34B	1.29B
Normalized Basic EPS	0.04	1.18	0.87	0.28	0.32
Normalized Diluted EPS	0.04	1.18	0.86	0.27	0.31
Dividend Per Share	-	-	-	0.07	0.07
Payout Ratio	-	-	-	17.29	16.1
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	36.22M	2.34B	1.14B	-450M	-66.9M
EBITA	16.54M	2.3B	1.07B	-488M	-94.64M
EBIT	13.15M	2.3B	1.06B	-497M	-107M
EBITDAR	81.3M	2.42B	1.24B	-390M	-23.79M
Effective Tax Rate - (Ratio)	225.06	23.74	20.87	8.58	14.34
Total Current Taxes	242M	647M	410M	46.26M	84.8M
Total Deferred Taxes	-11.26M	-15.55M	-38.9M	4.5M	9.66M
Normalized Net Income	64.64M	1.66B	1.15B	363M	399M
Supplemental Operating Expense Items
Advertising Expense	88.12M	193M	57.95M	31.9M	15.01M
Selling and Marketing Expenses	443M	521M	348M	214M	229M
General and Administrative Expenses	772M	673M	577M	498M	516M
Research And Development Expense From Footnotes	299M	180M	317M	173M	88.31M
Net Rental Expense, Total	45.08M	78.04M	95.22M	60M	43.11M
Stock-Based Comp., R&D Exp. (Total)	193M	-59.07M	10.92M	11.82M	-11.54M
Stock-Based Comp., S&M Exp. (Total)	142M	-19.65M	-6.99M	16.7M	32.56M
Stock-Based Comp., G&A Exp. (Total)	593M	302M	162M	334M	349M
Total Stock-Based Compensation	929M	223M	166M	363M	370M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.11B	5.21B	1.27B	2.39B	5.59B
Short Term Investments	1.97B	6.86B	9.52B	5.72B	2.9B
Total Cash And Short Term Investments	3.08B	12.07B	10.79B	8.11B	8.49B
Accounts Receivable, Total	20.95M	25.97M	54.38M	165M	418M
Other Receivables	12.6M	140M	151M	478M	125M
Total Receivables	33.55M	166M	206M	643M	543M
Inventory	329M	589M	131M	145M	143M
Prepaid Expenses	28.69M	20.99M	9M	7.84M	10.89M
Restricted Cash	341M	500K	20.57M	29.76M	50.87M
Other Current Assets, Total	54.1M	1.1B	43.73M	43.7M	61.02M
Total Current Assets	3.87B	13.95B	11.2B	8.98B	9.3B
Gross Property Plant And Equipment	188M	382M	285M	285M	263M
Accumulated Depreciation	-22.02M	-62.47M	-122M	-155M	-188M
Net Property Plant And Equipment	166M	319M	163M	130M	74.9M
Long-term Investments	4M	2.02B	4.93B	7B	7.33B
Goodwill	-	-	-	66.51M	59.58M
Other Intangibles, Total	5.39M	8.37M	7.55M	69.78M	52.8M
Deferred Tax Assets Long-Term	6M	20.86M	63.89M	58.26M	38.07M
Other Long-Term Assets, Total	11.35M	48.96M	13.46M	4.87M	9.91M
Total Assets	4.06B	16.37B	16.38B	16.32B	16.87B
Liabilities
Accounts Payable, Total	1.46B	1.29B	269M	322M	459M
Accrued Expenses, Total	205M	262M	238M	110M	170M
Short-term Borrowings	-	-	-	41.11M	40M
Current Portion of Leases	45.07M	80.58M	45.96M	29.44M	11.45M
Current Income Taxes Payable	364M	598M	110M	77.16M	126M
Unearned Revenue Current, Total	320M	287M	75.23M	49.59M	10.61M
Other Current Liabilities	103M	222M	51.38M	39.47M	41.29M
Total Current Liabilities	2.5B	2.74B	790M	669M	858M
Long-Term Debt	-	-	-	-	-
Long-Term Leases	49.45M	104M	39.97M	24.42M	7.05M
Deferred Tax Liability Non Current	5.21M	4.51M	8.65M	23.59M	16.2M
Total Liabilities	2.55B	2.85B	838M	717M	881M
Common Stock, Total	94K	103K	104K	104K	104K
Additional Paid In Capital	1.59B	11.88B	12.06B	12.12B	12.72B
Retained Earnings	-80.64M	1.91B	3.35B	3.79B	4.25B
Treasury Stock	-	-128M	-628M	-1.28B	-2.11B
Comprehensive Income and Other	-678K	-150M	782M	981M	1.12B
Total Common Equity	1.51B	13.51B	15.57B	15.61B	15.99B
Minority Interest	-	3.8M	-28.69M	-10.98M	1.74M
Total Equity	1.51B	13.52B	15.54B	15.6B	15.99B
Total Liabilities And Equity	4.06B	16.37B	16.38B	16.32B	16.87B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.57B	1.55B	1.31B	1.27B	1.22B
ECS Total Common Shares Outstanding	1.44B	1.57B	1.31B	1.27B	1.22B
Book Value / Share	1.05	8.63	11.86	12.28	13.12
Tangible Book Value	1.5B	13.51B	15.56B	15.47B	15.88B
Tangible Book Value Per Share	1.05	8.63	11.85	12.17	13.03
Total Debt	94.52M	185M	85.92M	94.96M	58.5M
Net Debt	-2.99B	-11.89B	-10.7B	-8.02B	-8.43B
Debt Equivalent Oper. Leases	361M	624M	762M	480M	345M
Minority Interest, Total (Incl. Fin. Div)	-	3.8M	-28.69M	-10.98M	1.74M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	44.77M	66.23M	7.23M	27.18M	21.12M
Inventories - Finished Goods, Total	284M	612M	124M	118M	121M
Land - (BS)	-	-	-	8.38M	7.5M
Buildings, Total	-	-	-	8.33M	7.46M
Machinery, Total	63.98M	140M	132M	133M	141M
Full Time Employees	725	1.24K	707	397	381
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	201K	3.03M	3.61M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-128M	2.02B	1.44B	534M	552M
Depreciation & Amortization - CF	59.05M	109M	159M	87.71M	63.29M
Amortization of Goodwill and Intangible Assets - (CF)	3.4M	4.77M	5.37M	8.89M	12.51M
Depreciation & Amortization, Total	62.45M	114M	164M	96.6M	75.8M
(Gain) Loss From Sale Of Asset	-	4.1M	1.23M	2.99M	5.49M
(Gain) Loss on Sale of Investments - (CF)	-3.35M	-15.79M	-64.88M	-543M	-91.3M
Asset Writedown & Restructuring Costs	-	-	42.53M	5.08M	-
Stock-Based Compensation (CF)	929M	223M	166M	363M	370M
Provision and Write-off of Bad Debts	-	2.56M	25.04M	1.62M	4.04M
Other Operating Activities, Total	-26.67M	75.6M	115M	45.62M	59.47M
Change In Accounts Receivable	27.39M	-3.22M	-30.41M	23.08M	-17.14M
Change In Inventories	-110M	-349M	278M	-39.05M	-21.74M
Change In Accounts Payable	961M	-171M	-1.02B	-30.06M	192M
Change in Unearned Revenues	302M	-33.78M	-211M	-25.8M	-38.98M
Change In Income Taxes	361M	234M	-491M	-36.86M	48.99M
Change in Other Net Operating Assets	215M	-305M	69.67M	-199M	-284M
Cash from Operations	2.59B	1.8B	487M	199M	854M
Capital Expenditure	-12.58M	-131M	-38.64M	-28.22M	-10.09M
Sale of Property, Plant, and Equipment	-	-	-	-	285K
Sale (Purchase) of Intangible assets	-4.87M	-7.9M	-5.93M	-4.19M	-2.18M
Investment in Marketable and Equity Securities, Total	-1.72B	-7.75B	-4.09B	2.12B	3.03B
Other Investing Activities, Total	-70.7M	21.01M	-	640K	1.28M
Cash from Investing	-1.81B	-7.87B	-4.13B	2.09B	3.02B
Short Term Debt Issued, Total	1.71B	-	-	41.11M	-
Long-Term Debt Issued, Total	-	-	199M	-	40M
Total Debt Issued	1.71B	-	199M	41.11M	40M
Short Term Debt Repaid, Total	-1.54B	-11.17M	-	-	-41.11M
Long-Term Debt Repaid, Total	-	-	-200M	-	-
Total Debt Repaid	-1.54B	-11.17M	-200M	-	-41.11M
Issuance of Common Stock	-	10.04B	23.86M	8.76M	1.45M
Repurchase of Common Stock	-	-128M	-500M	-997M	-589M
Issuance of Preferred Stock	-	-	-	-	-
Common Dividends Paid	-	-	-	-92.38M	-88.84M
Common & Preferred Stock Dividends Paid	-	-	-	-92.38M	-88.84M
Other Financing Activities, Total	-298K	389K	640K	-154M	-176K
Cash from Financing	175M	9.9B	-477M	-1.19B	-678M
Foreign Exchange Rate Adjustments	19.34M	-78.69M	203M	34.34M	29.98M
Net Change in Cash	971M	3.75B	-3.92B	1.13B	3.22B
Supplemental Items
Cash Interest Paid	-	-	1.4M	-	176K
Cash Income Tax Paid (Refund)	11.31M	471M	744M	74.84M	40.8M
Levered Free Cash Flow	2.78B	1.36B	159M	-488M	636M
Unlevered Free Cash Flow	2.78B	1.36B	159M	-488M	636M
Change In Net Working Capital	-1.8B	275M	792M	605M	-270M
Net Debt Issued / Repaid	175M	-11.17M	-1.4M	41.11M	-1.11M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	0.3	14.07	4.06	-1.9	-0.4
Return on Total Capital	0.91	18.76	4.53	-1.98	-0.42
Return On Equity %	-15.86	26.99	9.7	3.47	3.57
Return on Common Equity	-15.86	26.95	9.91	3.43	3.49
Margin Analysis
Gross Profit Margin %	39.99	43.09	43.66	31.17	29.72
SG&A Margin	31.81	14.01	17.51	57.21	30.49
EBITDA Margin %	0.95	27.51	21.68	-36.19	-2.74
EBITA Margin %	0.43	27.03	20.24	-39.21	-3.87
EBIT Margin %	0.34	26.98	20.14	-39.93	-4.38
Income From Continuing Operations Margin %	-3.35	23.8	26.68	43.49	23.09
Net Income Margin %	-3.35	23.76	27.3	42.95	22.57
Net Avail. For Common Margin %	-3.35	23.76	27.3	42.95	22.57
Normalized Net Income Margin	1.69	19.47	21.74	29.19	16.33
Levered Free Cash Flow Margin	72.75	15.96	3	-39.26	26.01
Unlevered Free Cash Flow Margin	72.75	15.96	3	-39.26	26.01
Asset Turnover
Asset Turnover	1.39	0.83	0.32	0.08	0.15
Fixed Assets Turnover	23.66	35.09	21.9	8.5	23.87
Receivables Turnover (Average Receivables)	110.25	363.24	131.43	11.36	8.4
Inventory Turnover (Average Inventory)	8.36	10.56	8.26	6.21	11.96
Short Term Liquidity
Current Ratio	1.55	5.1	14.18	13.44	10.84
Quick Ratio	1.25	4.47	13.92	13.1	10.53
Operating Cash Flow to Current Liabilities	1.04	0.66	0.62	0.3	1
Days Sales Outstanding (Average Receivables)	3.32	1	2.78	32.14	43.59
Days Outstanding Inventory (Average Inventory)	43.79	34.56	44.17	58.77	30.61
Average Days Payable Outstanding	149.24	98.19	112.99	123.95	83.23
Cash Conversion Cycle (Average Days)	-102.13	-62.62	-66.04	-33.05	-9.02
Long Term Solvency
Total Debt/Equity	6.27	1.37	0.55	0.61	0.37
Total Debt / Total Capital	5.9	1.35	0.55	0.61	0.36
LT Debt/Equity	3.28	0.77	0.26	0.16	0.04
Long-Term Debt / Total Capital	3.08	0.76	0.26	0.16	0.04
Total Liabilities / Total Assets	62.84	17.39	5.12	4.39	5.22
EBIT / Interest Expense	-	-	-	-	-
EBITDA / Interest Expense	-	-	-	-	-
(EBITDA - Capex) / Interest Expense	-	-	-	-	-
Total Debt / EBITDA	1.16	0.08	0.07	-0.24	-2.46
Net Debt / EBITDA	-36.73	-4.91	-8.63	20.55	354.58
Total Debt / (EBITDA - Capex)	1.38	0.08	0.07	-0.23	-1.73
Net Debt / (EBITDA - Capex)	-43.46	-5.19	-8.91	19.17	249
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	146.54	123.08	-38.03	-76.44	96.5
Gross Profit, 1 Yr. Growth %	162.94	140.39	-37.23	-83.18	87.38
EBITDA, 1 Yr. Growth %	-39.17	6.37K	-51.17	-139.32	-85.14
EBITA, 1 Yr. Growth %	-71.06	13.82K	-53.6	-145.64	-80.6
EBIT, 1 Yr. Growth %	-76.68	17.38K	-53.74	-146.71	-78.43
Earnings From Cont. Operations, 1 Yr. Growth %	-368.29	-1.68K	-30.54	-61.6	4.32
Net Income, 1 Yr. Growth %	-368.29	-1.68K	-28.82	-62.93	3.28
Normalized Net Income, 1 Yr. Growth %	40.39	2.47K	-30.81	-68.36	9.93
Diluted EPS Before Extra, 1 Yr. Growth %	-370.17	-1.71K	-24.44	-63.23	7.27
Accounts Receivable, 1 Yr. Growth %	-56.66	23.94	109.43	202.86	153.57
Inventory, 1 Yr. Growth %	50.07	78.99	-77.78	10.66	-1.59
Net Property, Plant and Equip., 1 Yr. Growth %	6.1	92.14	-49.01	-20.24	-42.35
Total Assets, 1 Yr. Growth %	181.14	303.09	0.08	-0.39	3.41
Tangible Book Value, 1 Yr. Growth %	1.39K	798.5	15.21	-0.57	2.6
Common Equity, 1 Yr. Growth %	1.32K	795.84	15.2	0.26	2.43
Cash From Operations, 1 Yr. Growth %	665.81	-30.49	-72.95	-59.18	329.96
Capital Expenditures, 1 Yr. Growth %	-85.19	940.44	-70.49	-26.96	-64.26
Levered Free Cash Flow, 1 Yr. Growth %	-1.94K	-37.17	-90.73	-407.98	-230.18
Unlevered Free Cash Flow, 1 Yr. Growth %	-1.94K	-37.17	-90.73	-407.98	-230.18
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	2.96
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	436.69	134.51	17.57	-61.79	-31.96
Gross Profit, 2 Yr. CAGR %	407.77	151.41	22.84	-67.51	-43.86
EBITDA, 2 Yr. CAGR %	-	527.48	462.24	-56.18	-75.83
EBITA, 2 Yr. CAGR %	173.55	534.8	703.73	-53.98	-70.24
EBIT, 2 Yr. CAGR %	143.87	538.49	799.3	-53.52	-68.26
Earnings From Cont. Operations, 2 Yr. CAGR %	2.01K	551.73	231.62	-48.35	-36.71
Net Income, 2 Yr. CAGR %	2.01K	551.18	235.42	-48.63	-38.12
Normalized Net Income, 2 Yr. CAGR %	602.14	500.21	321.35	-53.21	-41.02
Diluted EPS Before Extra, 2 Yr. CAGR %	1.83K	559.66	248.85	-47.29	-37.19
Accounts Receivable, 2 Yr. CAGR %	15.72	-26.71	61.11	151.85	177.13
Inventory, 2 Yr. CAGR %	382.26	63.89	-36.93	-50.41	4.36
Net Property, Plant and Equip., 2 Yr. CAGR %	1.69K	42.78	-1.02	-36.22	-32.19
Total Assets, 2 Yr. CAGR %	519.65	236.64	100.86	-0.15	1.49
Tangible Book Value, 2 Yr. CAGR %	1.41K	1.06K	221.74	7.03	1
Common Equity, 2 Yr. CAGR %	1.41K	1.03K	221.25	7.47	1.34
Cash From Operations, 2 Yr. CAGR %	5.05K	130.72	-56.64	-66.77	32.47
Capital Expenditures, 2 Yr. CAGR %	1.98K	24.14	75.22	-53.58	-48.91
Levered Free Cash Flow, 2 Yr. CAGR %	-	200	-72.93	-46.56	100.23
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	200	-72.93	-46.56	100.23
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	300.53	50.49	-31.2	-34.05
Gross Profit, 3 Yr. CAGR %	-	295.74	58.31	-36.69	-41.73
EBITDA, 3 Yr. CAGR %	-	-	167.9	131.65	-69.44
EBITA, 3 Yr. CAGR %	-	913.75	165.42	208.93	-65.49
EBIT, 3 Yr. CAGR %	-	913.05	166.18	235.53	-64.01
Earnings From Cont. Operations, 3 Yr. CAGR %	-	1.82K	209	61.64	-34.71
Net Income, 3 Yr. CAGR %	-	1.82K	211.36	60.97	-35.16
Normalized Net Income, 3 Yr. CAGR %	-	981.53	192.11	77.77	-37.8
Diluted EPS Before Extra, 3 Yr. CAGR %	-	1.72K	220.36	64.79	-33.2
Accounts Receivable, 3 Yr. CAGR %	-	18.4	4	98.84	152.42
Inventory, 3 Yr. CAGR %	-	246.58	-15.8	-23.93	-37.68
Net Property, Plant and Equip., 3 Yr. CAGR %	-	749.52	1.3	-7.89	-38.34
Total Assets, 3 Yr. CAGR %	-	436.9	124.68	58.99	1.02
Tangible Book Value, 3 Yr. CAGR %	-	1.17K	436.31	117.53	5.54
Common Equity, 3 Yr. CAGR %	-	1.17K	427.15	117.91	5.76
Cash From Operations, 3 Yr. CAGR %	-	1.13K	12.92	-57.51	-21.99
Capital Expenditures, 3 Yr. CAGR %	-	1.55K	-23.1	30.89	-57.45
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	1.62	-39.12	-28.09
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	1.62	-39.12	-28.09
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	56.48	9.55
Gross Profit, 5 Yr. CAGR %	-	-	-	45.6	4.57
EBITDA, 5 Yr. CAGR %	-	-	-	-	2.36
EBITA, 5 Yr. CAGR %	-	-	-	194.26	10.61
EBIT, 5 Yr. CAGR %	-	-	-	195.33	13.7
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	351.92	63.88
Net Income, 5 Yr. CAGR %	-	-	-	350.8	63.14
Normalized Net Income, 5 Yr. CAGR %	-	-	-	207.95	54.03
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	340.71	66.95
Accounts Receivable, 5 Yr. CAGR %	-	-	-	60.13	53.92
Inventory, 5 Yr. CAGR %	-	-	-	59.23	-8.26
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	201.56	-13.72
Total Assets, 5 Yr. CAGR %	-	-	-	173.95	63.5
Tangible Book Value, 5 Yr. CAGR %	-	-	-	371.74	175.03
Common Equity, 5 Yr. CAGR %	-	-	-	372.57	172.56
Cash From Operations, 5 Yr. CAGR %	-	-	-	189.51	20.37
Capital Expenditures, 5 Yr. CAGR %	-	-	-	295.94	-34.7
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	33.29
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	33.29