RLX Technology (RLX) EBITDA (2019 - 2026)

RLX Technology (RLX) posted EBITDA of $35.5 million for Q1 2026, up 108.57% on a QoQ basis from $17.0 million in Q4 2025, and up 232.32% year-over-year from $10.7 million in Q1 2025.

RLX Technology (RLX) EBITDA (2019 - 2026) Analysis & Trends

RLX Technology's EBITDA history runs 8 years deep, the most recent figure standing at $35.5 million for Q1 2026.

  • Quarterly EBITDA rose 232.32% year-over-year to $35.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $71.0 million (up 2280.39% YoY) and the FY2025 annual result came in at $46.3 million, up 410.56% from the prior year.
  • EBITDA was $35.5 million for Q1 2026 at RLX Technology, up from $17.0 million in the prior quarter.
  • Across five years, EBITDA topped out at $98.3 million in Q1 2022 and bottomed at -$68.5 million in Q4 2022.
  • A 5-year average of $9.2 million and a median of $5.4 million in 2025 frame the typical range for EBITDA.
  • Annual changes were most pronounced in 2022 — EBITDA tumbled 181.7% — and 2025, when it surged 1175.52%.
  • RLX Technology's EBITDA stood at -$68.5 million in 2022, then surged by 71.09% to -$19.8 million in 2023, then jumped by 92.01% to -$1.6 million in 2024, then jumped by 1175.52% to $17.0 million in 2025, then surged by 108.57% to $35.5 million in 2026.
  • Business Quant data shows RLX's EBITDA at $35.5 million in Q1 2026, $17.0 million in Q4 2025, and $13.1 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Philip Morris International 300.23 Bn 294.78 Bn 6.91 Bn 3.89 Bn
2 British American Tobacco p.l.c 133.32 Bn 128.01 Bn - -
3 Altria 121.70 Bn 118.17 Bn 3.51 Bn 2.96 Bn
4 RLX Technology 2.50 Bn 1.83 Bn 73.10 Mn 35.47 Mn
5 Turning Point Brands 1.47 Bn 1.43 Bn 68.30 Mn 12.48 Mn
6 Universal 1.35 Bn 1.11 Bn 98.47 Mn -14.96 Mn
7 Ispire Technology 89.38 Mn 71.30 Mn 1.99 Mn -9.48 Mn
8 Rythm 42.81 Mn 9.55 Mn 10.40 Mn -4.03 Mn
9 VPR Brands 11.01 Mn 8.30 Mn 138,574.00 -464,467.00
10 Greenlane Holdings 8.50 Mn -29.73 Mn 217,000.00 -5.57 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 35.47 Mn
Dec 31, 2025 17.00 Mn
Sep 30, 2025 13.10 Mn
Jun 30, 2025 5.44 Mn
Mar 31, 2025 10.67 Mn
Dec 31, 2024 -1.58 Mn
Sep 30, 2024 -1.52 Mn
Jun 30, 2024 -4.59 Mn
Mar 31, 2024 -7.15 Mn
Dec 31, 2023 -19.79 Mn
Sep 30, 2023 -5.38 Mn
Jun 30, 2023 7.08 Mn
Mar 31, 2023 -54.35 Mn
Dec 31, 2022 -68.46 Mn
Sep 30, 2022 65.40 Mn
Jun 30, 2022 66.73 Mn
Mar 31, 2022 98.35 Mn
Dec 31, 2021 83.80 Mn
Sep 30, 2021 139.26 Mn
Jun 30, 2021 151.68 Mn