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

RLX Technology has reported Cost of Revenue for 8 years, with the latest figure at $140.0 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue rose 112.69% year-over-year to $140.0 million; the trailing twelve-month figure through Mar 2026 stood at $416.1 million (up 60.57% YoY), and the FY2025 full-year result was $348.0 million, up 47.86% from the prior year.
• Cost of Revenue for Q1 2026 stood at $140.0 million, up from $103.4 million in the prior quarter.
• The five-year high for Cost of Revenue was $187.5 million in Q2 2022, with the low at $11.5 million in Q1 2023.
• Historically, Cost of Revenue has averaged $75.3 million across 5 years, with a median of $67.5 million in 2024.
• Annual changes were most pronounced in 2023 — Cost of Revenue tumbled 93.13% — and 2024, when it soared 295.96%.
• RLX Technology's Cost of Revenue 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.