RLX Technology (RLX) EBITDA Margin (2019 - 2026)
RLX Technology (RLX) posted EBITDA Margin of 6.18% for Q1 2026, down 50.91% quarter-over-quarter from 12.59% in Q4 2025, and down 1969.0% year-on-year from 0.33% in Q1 2025.
RLX Technology (RLX) EBITDA Margin (2019 - 2026) Analysis & Trends
RLX Technology (RLX) has reported EBITDA Margin for 8 consecutive years, with 6.18% the latest figure, recorded in Q1 2026.
- EBITDA Margin for Q1 2026 came in at 6.18%, down 1969.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 11.73% (down 1332.0% YoY), and the FY2025 annual result was 17.05%, down 863.0% from the prior year.
- EBITDA Margin was 6.18% for Q1 2026 at RLX Technology, down from 12.59% in the prior quarter.
- Over five years, EBITDA Margin peaked at 204.01% in Q2 2023 and troughed at 132.1% in Q4 2022.
- Average EBITDA Margin over 5 years is 21.78%, with a median of 22.23% recorded in 2023.
- Year-over-year, EBITDA Margin jumped 15826 bps in 2023 and slumped 17534 bps in 2024.
- Over 5 years, EBITDA Margin stood at 132.1% in 2022, then soared by 110 bps to 13.4% in 2023, then soared by 250 bps to 46.94% in 2024, then tumbled by 73 bps to 12.59% in 2025, then plunged by 51 bps to 6.18% in 2026.
- Per Business Quant data, the three most recent EBITDA Margin figures were 6.18% in Q1 2026, 12.59% in Q4 2025, and 11.0% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Altria | 66.91 Bn | 63.43 Bn | 3.51 Bn | 54.46% |
| 2 | RLX Technology | 2.38 Bn | 1.75 Bn | 73.10 Mn | 6.18% |
| 3 | Turning Point Brands | 1.68 Bn | 1.51 Bn | 68.30 Mn | 10.05% |
| 4 | Universal | 1.30 Bn | 1.29 Bn | 98.47 Mn | -2.09% |
| 5 | Ispire Technology | 65.31 Mn | 47.02 Mn | 1.99 Mn | -51.02% |
| 6 | Rythm | 54.80 Mn | 21.54 Mn | 10.40 Mn | -30.36% |
| 7 | Greenlane Holdings | 9.60 Mn | -28.63 Mn | 217,000.00 | -4,157.37% |
| 8 | VPR Brands | 4.59 Mn | 1.87 Mn | 138,574.00 | -80.07% |
| 9 | Lftd Partners | 2.96 Mn | 873,406.64 | -1.71 Mn | -49.01% |
| 10 | 22nd Century | 128,296.63 | -9.42 Mn | -636,000.00 | -79.44% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.18% |
| Dec 31, 2025 | 12.59% |
| Sep 30, 2025 | 11.00% |
| Jun 30, 2025 | 21.90% |
| Mar 31, 2025 | 25.87% |
| Dec 31, 2024 | 46.94% |
| Sep 30, 2024 | -1.35% |
| Jun 30, 2024 | 28.67% |
| Mar 31, 2024 | 26.21% |
| Dec 31, 2023 | 13.40% |
| Sep 30, 2023 | 22.23% |
| Jun 30, 2023 | 204.01% |
| Mar 31, 2023 | -107.05% |
| Dec 31, 2022 | -132.10% |
| Sep 30, 2022 | 107.55% |
| Jun 30, 2022 | 45.75% |
| Mar 31, 2022 | 38.47% |
| Dec 31, 2021 | 16.37% |
| Sep 30, 2021 | 60.73% |
| Jun 30, 2021 | 25.16% |