RLX Technology (RLX) EBITDA (2019 - 2026)
RLX Technology (RLX) reported EBITDA of $14.2 million for Q1 2026, down 50.7% on a YoY basis from $28.8 million in Q1 2025, and down 30.85% quarter-over-quarter from $20.5 million in Q4 2025.
RLX Technology (RLX) EBITDA (2019 - 2026) Analysis & Trends
RLX Technology has reported EBITDA for 8 years, with the latest figure at $14.2 million in Q1 2026.
- For the quarter ending Q1 2026, EBITDA fell 50.7% year-over-year to $14.2 million; the trailing twelve-month figure through Mar 2026 stood at $79.8 million (down 24.46% YoY), and the FY2025 full-year result was $96.5 million, changed 0.2% from the prior year.
- EBITDA for Q1 2026 stood at $14.2 million, down from $20.5 million in the prior quarter.
- The five-year high for EBITDA was $157.9 million in Q3 2022, with the low at -$64.6 million in Q4 2022.
- Historically, EBITDA has averaged $38.4 million across 5 years, with a median of $20.5 million in 2025.
- Annual changes were most pronounced in 2022 — EBITDA slumped 231.78% — and 2025, when it jumped 2073.43%.
- RLX Technology's EBITDA stood at -$64.6 million in 2022, then surged by 115.74% to $10.2 million in 2023, then soared by 421.7% to $53.1 million in 2024, then tumbled by 61.28% to $20.5 million in 2025, then sank by 30.85% to $14.2 million in 2026.
- The last three EBITDA figures came in at $14.2 million (Q1 2026), $20.5 million (Q4 2025), and $18.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 277.78 Bn | 274.30 Bn | 6.91 Bn | 3.89 Bn |
| 2 | Altria | 120.77 Bn | 117.29 Bn | 3.51 Bn | 2.96 Bn |
| 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 | 12.48 Mn |
| 5 | Universal | 1.35 Bn | 1.30 Bn | 98.47 Mn | -14.96 Mn |
| 6 | RLX Technology | 355.86 Mn | -269.04 Mn | 73.10 Mn | 14.21 Mn |
| 7 | Ispire Technology | 97.40 Mn | 79.11 Mn | 1.99 Mn | -9.53 Mn |
| 8 | Rythm | 54.37 Mn | 21.11 Mn | 10.40 Mn | -4.03 Mn |
| 9 | Greenlane Holdings | 11.69 Mn | -26.54 Mn | 217,000.00 | -18.63 Mn |
| 10 | 22nd Century | 2.50 Mn | -7.04 Mn | -636,000.00 | -3.26 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 14.21 Mn |
| Dec 31, 2025 | 20.55 Mn |
| Sep 30, 2025 | 18.20 Mn |
| Jun 30, 2025 | 26.90 Mn |
| Mar 31, 2025 | 28.82 Mn |
| Dec 31, 2024 | 53.06 Mn |
| Sep 30, 2024 | -922,000.00 |
| Jun 30, 2024 | 24.74 Mn |
| Mar 31, 2024 | 20.13 Mn |
| Dec 31, 2023 | 10.17 Mn |
| Sep 30, 2023 | 13.04 Mn |
| Jun 30, 2023 | 106.65 Mn |
| Mar 31, 2023 | -29.35 Mn |
| Dec 31, 2022 | -64.64 Mn |
| Sep 30, 2022 | 157.91 Mn |
| Jun 30, 2022 | 152.58 Mn |
| Mar 31, 2022 | 101.15 Mn |
| Dec 31, 2021 | 49.05 Mn |
| Sep 30, 2021 | 158.04 Mn |
| Jun 30, 2021 | 99.05 Mn |