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

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

• Cost of Revenue for Q1 2026 came in at $140.0 million, up 112.69% year-over-year; the trailing twelve-month figure through Mar 2026 was $416.1 million (up 60.57% YoY), and the FY2025 annual result was $348.0 million, up 47.86% from the prior year.
• Cost of Revenue was $140.0 million for Q1 2026 at RLX Technology, up from $103.4 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $187.5 million in Q2 2022 and troughed at $11.5 million in Q1 2023.
• Average Cost of Revenue over 5 years is $75.3 million, with a median of $67.5 million recorded in 2024.
• Year-over-year, Cost of Revenue sank 93.13% in 2023 and surged 295.96% in 2024.
• Over 5 years, 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.
• Per Business Quant data, the three most recent Cost of Revenue figures were $140.0 million in Q1 2026, $103.4 million in Q4 2025, and $95.7 million in Q3 2025.