RLX Technology Inc. (RLX) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|
| Sales/Revenue | 1.07B | 1.03B | 794.12M | 708.48M | 736.21M | 679.36M | 558.57M | 470.38M | 521.6M | 327.76M | 378.12M | 124.42M | 287.34M | 1.04B | 2.23B | 1.71B | 1.9B | 1.68B | 2.54B | 2.4B |
| Revenue Growth % | 44.78% | 52.18% | 42.17% | 50.62% | 41.15% | 107.27% | 47.72% | 278.06% | 81.52% | -68.62% | -83.07% | -92.74% | -84.91% | -37.71% | -12.1% | -28.52% | 17.67% | 49.69% | - | - |
| Cost of Goods Sold | 712.82M | 681.29M | 552.04M | 477.53M | 516.3M | 473.38M | 400.71M | 327.61M | 383.85M | 222.06M | 279.59M | 78.69M | 139.07M | 522.45M | 1.26B | 1.06B | 1.14B | 1.02B | 1.39B | 1.29B |
| COGS % of Revenue | 66.88% | 65.9% | 69.52% | 67.4% | 70.13% | 69.68% | 71.74% | 69.65% | 73.59% | 67.75% | 73.94% | 63.25% | 48.4% | 50.02% | 56.23% | 61.68% | 59.8% | 60.88% | 54.89% | 53.97% |
| Gross Profit | 353.08M | 352.56M | 242.08M | 230.95M | 219.91M | 205.98M | 157.86M | 142.77M | 137.75M | 105.7M | 98.54M | 45.73M | 148.27M | 521.97M | 977.88M | 657M | 765.53M | 655.97M | 1.15B | 1.1B |
| Gross Margin % | 33.12% | 34.1% | 30.48% | 32.6% | 29.87% | 30.32% | 28.26% | 30.35% | 26.41% | 32.25% | 26.06% | 36.75% | 51.6% | 49.98% | 43.77% | 38.32% | 40.2% | 39.12% | 45.11% | 46.03% |
| Gross Profit Growth % | 60.56% | 71.17% | 53.35% | 61.76% | 59.64% | 94.87% | 60.21% | 212.24% | -7.1% | -79.75% | -89.92% | -93.04% | -80.63% | -20.43% | -14.71% | -40.49% | 10.29% | 49.92% | - | - |
| Operating Expenses | 235.81M | 259.31M | 203.12M | 153.51M | 231.45M | 216.64M | 191.19M | 194.38M | 273.3M | 145M | 47.17M | 418.95M | 620.44M | 56.78M | 530.95M | 33.56M | 231.53M | -241.31M | 167.15M | 1.22B |
| OpEx % of Revenue | 22.12% | 25.08% | 25.58% | 21.67% | 31.44% | 31.89% | 34.23% | 41.32% | 52.4% | 44.24% | 12.48% | 336.72% | 215.92% | 5.44% | 23.77% | 1.96% | 12.16% | -14.39% | 6.58% | 50.7% |
| Selling, General & Admin | 203.62M | 218.06M | 173.06M | 126.46M | 199.08M | 192.2M | 191.23M | 162.84M | 251.4M | 114.22M | 3.86M | 342.26M | 490.88M | 10.8M | 413.38M | 9.55M | 213.74M | -196.71M | 172.06M | 1B |
| SG&A % of Revenue | 19.1% | 21.09% | 21.79% | 17.85% | 27.04% | 28.29% | 34.24% | 34.62% | 48.2% | 34.85% | 1.02% | 275.09% | 170.83% | 1.03% | 18.5% | 0.56% | 11.22% | -11.73% | 6.77% | 41.87% |
| Research & Development | 32.18M | 41.25M | 30.07M | 27.05M | 32.37M | 24.43M | -40K | 31.54M | 21.9M | 30.79M | 43.32M | 76.68M | 129.56M | 45.98M | 117.57M | 24.01M | 17.8M | -44.61M | -4.91M | 211.63M |
| R&D % of Revenue | 3.02% | 3.99% | 3.79% | 3.82% | 4.4% | 3.6% | -0.01% | 6.71% | 4.2% | 9.39% | 11.46% | 61.63% | 45.09% | 4.4% | 5.26% | 1.4% | 0.93% | -2.66% | -0.19% | 8.82% |
| Other Operating Expenses | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K |
| Operating Income | 117.27M | 93.25M | 38.96M | 77.44M | -11.55M | -10.66M | -33.33M | -51.61M | -135.55M | -39.3M | 51.36M | -373.22M | -472.17M | 465.2M | 446.94M | 623.44M | 534M | 897.28M | 979.34M | -111.91M |
| Operating Margin % | 11% | 9.02% | 4.91% | 10.93% | -1.57% | -1.57% | -5.97% | -10.97% | -25.99% | -11.99% | 13.58% | -299.97% | -164.32% | 44.54% | 20.01% | 36.36% | 28.04% | 53.51% | 38.54% | -4.67% |
| Operating Income Growth % | 1115.6% | 974.77% | 216.89% | 250.05% | 91.48% | 72.88% | -164.89% | 86.17% | 71.29% | -108.45% | -88.51% | -159.86% | -188.42% | -48.15% | -54.36% | 657.09% | 436.95% | 1459.65% | - | - |
| EBITDA | 208.79M | 103.31M | 246.97M | 250.92M | -1.49M | 199.81M | 156.33M | 148.97M | -123.92M | -18.95M | 71.71M | -73.88M | -451.81M | 476.61M | 458.35M | 634.85M | 545.41M | 903.05M | 985.1M | -106.14M |
| EBITDA Margin % | 19.59% | 9.99% | 31.1% | 35.42% | -0.2% | 29.41% | 27.99% | 31.67% | -23.76% | -5.78% | 18.97% | -59.38% | -157.24% | 45.63% | 20.52% | 37.03% | 28.64% | 53.86% | 38.76% | -4.43% |
| EBITDA Growth % | 14159.85% | -48.3% | 57.97% | 68.44% | 98.8% | 1154.43% | 118% | 301.65% | 72.57% | -103.98% | -84.35% | -111.64% | -182.84% | -47.22% | -53.47% | 698.11% | 479.23% | 1332.15% | - | - |
| D&A (Non-Cash Add-back) | 91.52M | 10.06M | 0 | 0 | 10.06M | 0 | 0 | 0 | 11.63M | 20.35M | 20.35M | 0 | 20.35M | 11.41M | 11.41M | 11.41M | 11.41M | 5.77M | 5.77M | 5.77M |
| EBIT | 298.53M | 252.77M | 246.97M | 250.92M | 153.69M | 199.81M | 156.33M | 148.97M | 236.17M | 173.23M | 256.22M | -73.88M | -241.37M | 576.11M | 645.88M | 799.69M | 623.95M | 1.1B | 1.03B | -111.91M |
| Net Interest Income | 149.67M | 20.71M | 142.85M | 135.95M | 146.66M | 156.66M | 154.21M | 158.86M | 157.93M | 158.26M | 162.89M | 148.8M | 11.27M | 56.24M | 42.72M | 27.15M | 24.3M | 22.63M | 16.07M | 9.41M |
| Interest Income | 149.67M | 20.71M | 142.85M | 135.95M | 146.66M | 156.66M | 154.21M | 158.86M | 157.93M | 158.26M | 162.89M | 148.8M | 11.27M | 56.24M | 42.72M | 27.15M | 24.3M | 22.63M | 16.07M | 9.41M |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 181.26M | 159.52M | 208.01M | 173.48M | 165.23M | 210.47M | 189.66M | 200.58M | 371.72M | 212.53M | 204.86M | 299.35M | 230.8M | 110.91M | 198.94M | 176.25M | 89.95M | 200.59M | 49.12M | 21.17M |
| Pretax Income | 298.53M | 252.77M | 246.97M | 250.92M | 153.69M | 199.81M | 156.33M | 148.97M | 236.17M | 173.23M | 256.22M | -73.88M | -241.37M | 576.11M | 645.88M | 799.69M | 623.95M | 1.1B | 1.03B | -90.74M |
| Pretax Margin % | 28.01% | 24.45% | 31.1% | 35.42% | 20.88% | 29.41% | 27.99% | 31.67% | 45.28% | 52.85% | 67.76% | -59.38% | -84% | 55.16% | 28.91% | 46.64% | 32.76% | 65.48% | 40.47% | -3.78% |
| Income Tax | 16.16M | 45.95M | 28.47M | 28.18M | 26.3M | 30.42M | 21.39M | 16.34M | 16.29M | 534K | 51.5M | -17.57M | -16.24M | 70.87M | 204.32M | 112.64M | 129.54M | 121.44M | 204.15M | 176.29M |
| Effective Tax Rate % | 5.41% | 18.18% | 11.53% | 11.23% | 17.11% | 15.23% | 13.68% | 10.97% | 6.9% | 0.31% | 20.1% | 23.78% | 6.73% | 12.3% | 31.63% | 14.08% | 20.76% | 11.06% | 19.85% | -194.29% |
| Net Income | 275.69M | 203.16M | 217.12M | 222.04M | 121.96M | 165.65M | 132.31M | 131.91M | 217.52M | 170.99M | 202.79M | -56.97M | -228.48M | 503.36M | 461.06M | 705.28M | 493.52M | 973.91M | 824.3M | -267.03M |
| Net Margin % | 25.86% | 19.65% | 27.34% | 31.34% | 16.57% | 24.38% | 23.69% | 28.04% | 41.7% | 52.17% | 53.63% | -45.79% | -79.51% | 48.19% | 20.64% | 41.14% | 25.92% | 58.08% | 32.44% | -11.13% |
| Net Income Growth % | 126.05% | 22.64% | 64.09% | 68.33% | -43.93% | -3.12% | -34.75% | 331.56% | 195.2% | -66.03% | -56.02% | -108.08% | -146.3% | -48.32% | -44.07% | 364.12% | 308.46% | 12331.9% | - | - |
| Net Income (Continuing) | 282.37M | 206.82M | 218.5M | 222.74M | 127.38M | 169.39M | 134.94M | 132.63M | 219.88M | 172.7M | 204.72M | -56.3M | -225.13M | 505.24M | 441.56M | 687.05M | 494.42M | 976.43M | 824.3M | -267.03M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 97.93M | 90.97M | 87.69M | 2.37M | 1.74M | -3.7M | -7.43M | -10.05M | -10.98M | -1.96M | -3.59M | -28.03M | -28.69M | -4.52M | -5.07M | -2.27M | 3.8M | 450K | 0 | 0 |
| EPS (Diluted) | 0.22 | 0.16 | 0.17 | 0.17 | 0.09 | 0.13 | 0.10 | 0.10 | 0.16 | 0.13 | 0.15 | -0.04 | -0.17 | 0.38 | 0.35 | 0.52 | 0.36 | 0.72 | 0.59 | -0.17 |
| EPS Growth % | 133.05% | 23.08% | 70% | 70% | -41% | 0% | -33.33% | 333.64% | 194.12% | -65.79% | -57.14% | -108.23% | -147.22% | -47.22% | -40.68% | 405.88% | 340% | - | - | - |
| EPS (Basic) | 0.22 | 0.17 | 0.18 | 0.18 | 0.09 | 0.14 | 0.11 | 0.11 | 0.16 | 0.13 | 0.15 | -0.04 | -0.17 | 0.38 | 0.35 | 0.53 | 0.37 | 0.72 | 0.60 | -0.17 |
| Diluted Shares Outstanding | 1.23B | 1.3B | 1.31B | 1.31B | 1.29B | 1.29B | 1.28B | 1.3B | 1.32B | 1.34B | 1.35B | 1.32B | 1.31B | 1.33B | 1.33B | 1.35B | 1.36B | 1.36B | 1.39B | 1.53B |
| Basic Shares Outstanding | 1.23B | 1.29B | 1.22B | 1.23B | 1.3B | 1.23B | 1.23B | 1.25B | 1.33B | 1.32B | 1.32B | 1.32B | 1.31B | 1.32B | 1.32B | 1.34B | 1.35B | 1.35B | 1.39B | 1.53B |
| Dividend Payout Ratio | 33.18% | - | - | - | 72.84% | - | - | - | 42.47% | - | - | - | - | - | - | - | 65.94% | - | - | - |