RLX Technology (RLX) Cost of Revenue (2019 - 2026)

RLX Technology (RLX) has 8 years of Cost of Revenue data on file, last reported at $140.0 million in Q1 2026.

• Quarterly Cost of Revenue rose 112.69% year-over-year to $140.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $416.1 million (up 60.57% YoY) and the FY2025 annual result came in at $348.0 million, up 1007.0% from the prior year.
• Cost of Revenue climbed to $140.0 million in Q1 2026, from $103.4 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $187.5 million in Q2 2022 to a low of $11.5 million in Q1 2023.
• A 5-year average of $75.3 million and a median of $67.5 million in 2024 frame the typical range for Cost of Revenue.
• Annual changes were most pronounced in 2023 — Cost of Revenue tumbled 93.13% — and 2024, when it soared 295.96%.
• Tracing RLX's Cost of Revenue over 5 years: stood at $20.2 million in 2022, then surged by 128.64% to $46.1 million in 2023, then jumped by 53.42% to $70.7 million in 2024, then jumped by 46.13% to $103.4 million in 2025, then surged by 35.41% to $140.0 million in 2026.
• The last three Cost of Revenue figures came in at $140.0 million (Q1 2026), $103.4 million (Q4 2025), and $95.7 million (Q3 2025), per Business Quant data.