RLX Technology (RLX) Change in Working Capital (2019 - 2026)
RLX Technology (RLX) reported Change in Working Capital of -$4.2 million for Q1 2026, down 203.81% on a YoY basis from $4.0 million in Q1 2025, and down 191.01% quarter-over-quarter from $4.6 million in Q4 2025.
RLX Technology (RLX) Change in Working Capital (2019 - 2026) Analysis & Trends
RLX Technology has reported Change in Working Capital for 8 years, with the latest figure at -$4.2 million in Q1 2026.
- For the quarter ending Q1 2026, Change in Working Capital fell 203.81% year-over-year to -$4.2 million; the trailing twelve-month figure through Mar 2026 stood at $7.6 million (down 45.46% YoY), and the FY2025 full-year result was $16.1 million, up 17.79% from the prior year.
- Change in Working Capital for Q1 2026 stood at -$4.2 million, down from $4.6 million in the prior quarter.
- The five-year high for Change in Working Capital was $21.8 million in Q4 2022, with the low at -$4.2 million in Q1 2026.
- Historically, Change in Working Capital has averaged $6.8 million across 5 years, with a median of $4.4 million in 2023.
- Annual changes were most pronounced in 2022 — Change in Working Capital jumped 3916.56% — and 2026, when it tumbled 203.81%.
- RLX Technology's Change in Working Capital stood at $21.8 million in 2022, then plunged by 80.05% to $4.4 million in 2023, then sank by 76.42% to $1.0 million in 2024, then soared by 346.06% to $4.6 million in 2025, then plunged by 191.01% to -$4.2 million in 2026.
- The last three Change in Working Capital figures came in at -$4.2 million (Q1 2026), $4.6 million (Q4 2025), and $1.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Working Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 277.78 Bn | 274.30 Bn | 6.91 Bn | - |
| 2 | Altria | 120.77 Bn | 117.29 Bn | 3.51 Bn | 998.00 Mn |
| 3 | British American Tobacco p.l.c | 45.84 Bn | 40.53 Bn | - | - |
| 4 | Turning Point Brands | 1.66 Bn | 1.49 Bn | 68.30 Mn | - |
| 5 | Universal | 1.35 Bn | 1.30 Bn | 98.47 Mn | - |
| 6 | RLX Technology | 355.86 Mn | -269.04 Mn | 73.10 Mn | -4.17 Mn |
| 7 | Ispire Technology | 97.40 Mn | 79.11 Mn | 1.99 Mn | - |
| 8 | Rythm | 54.37 Mn | 21.11 Mn | 10.40 Mn | - |
| 9 | Greenlane Holdings | 11.69 Mn | -26.54 Mn | 217,000.00 | - |
| 10 | 22nd Century | 2.50 Mn | -7.04 Mn | -636,000.00 | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -4.17 Mn |
| Mar 31, 2026 | -4.17 Mn |
| Dec 31, 2025 | 4.58 Mn |
| Dec 31, 2025 | 4.58 Mn |
| Sep 30, 2025 | 1.58 Mn |
| Sep 30, 2025 | 1.58 Mn |
| Jun 30, 2025 | 5.63 Mn |
| Jun 30, 2025 | 5.63 Mn |
| Mar 31, 2025 | 4.02 Mn |
| Mar 31, 2025 | 4.02 Mn |
| Dec 31, 2024 | 1.03 Mn |
| Dec 31, 2024 | 1.03 Mn |
| Sep 30, 2024 | 5.81 Mn |
| Sep 30, 2024 | 5.81 Mn |
| Jun 30, 2024 | 3.13 Mn |
| Jun 30, 2024 | 3.13 Mn |
| Mar 31, 2024 | 4.01 Mn |
| Mar 31, 2024 | 4.01 Mn |
| Dec 31, 2023 | 4.36 Mn |
| Dec 31, 2023 | 4.36 Mn |