RLX Technology (RLX) Enterprise Value (2021 - 2026)
RLX Technology (RLX) recorded Enterprise Value of $1.98 billion in the quarter ended Jun 30, 2026, down 26.6% from $2.7 billion a year earlier and down 13.9% from the prior quarter.
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Analysis
RLX Technology (RLX) Enterprise Value (2021 - 2026) Analysis & Trends
On a TTM basis, RLX Technology's Enterprise Value came in at -$622.34 million as of Jun 30, 2026; for the year ended Dec 31, 2025, it came in at $3.4 billion, up 4.2% from the prior year.
- Annual Enterprise Value has a four-year compound annual growth rate of -11.5% (years ended Dec 2021 to Dec 2025).
- Across earlier years, Enterprise Value came in at $3.26 billion in the year ended Dec 31, 2024 (+15.0%), $2.84 billion in the year ended Dec 31, 2023 (-12.6%), $3.25 billion in the year ended Dec 31, 2022 (-41.5%) and $5.55 billion in the year ended Dec 31, 2021.
- The figure for the quarter ended Jun 30, 2026 is the lowest quarterly Enterprise Value since the quarter ended Sep 30, 2023.
- On a year-over-year basis, Enterprise Value rose in six of the last eight quarters, with growth averaging 13.4%.
- Peak year-over-year performance for Enterprise Value in the last five years was growth of 323.6% in the quarter ended Sep 30, 2023, against a decline of 92.2% in the quarter ended Sep 30, 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $2.3 billion (quarter ended Mar 31, 2026), $3.39 billion (quarter ended Dec 31, 2025) and $3.34 billion (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Philip Morris International | 302.31 Bn | 283.88 Bn | 7.66 Bn |
| 2 | British American Tobacco p.l.c | 126.84 Bn | 105.99 Bn | - |
| 3 | Altria | 114.73 Bn | 100.93 Bn | 3.82 Bn |
| 4 | Curaleaf Holdings | 2.84 Bn | 2.44 Bn | 169.91 Mn |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn |
| 6 | Trulieve Cannabis | 2.39 Bn | 1.00 Bn | 162.29 Mn |
| 7 | Green Thumb Industries | 1.49 Bn | 344.56 Mn | 137.87 Mn |
| 8 | Cronos | 1.25 Bn | -1.97 Bn | 28.45 Mn |
| 9 | Turning Point Brands | 1.21 Bn | 336.94 Mn | 93.70 Mn |
| 10 | Verano Holdings | 877.15 Mn | 550.77 Mn | 99.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.98 Bn |
| Mar 31, 2026 | 2.30 Bn |
| Dec 31, 2025 | 3.39 Bn |
| Sep 30, 2025 | 3.34 Bn |
| Jun 30, 2025 | 2.70 Bn |
| Mar 31, 2025 | 2.11 Bn |
| Dec 31, 2024 | 3.26 Bn |
| Sep 30, 2024 | 2.07 Bn |
| Jun 30, 2024 | 2.11 Bn |
| Mar 31, 2024 | 2.32 Bn |
| Dec 31, 2023 | 2.84 Bn |
| Sep 30, 2023 | 1.65 Bn |
| Jun 30, 2023 | 2.23 Bn |
| Mar 31, 2023 | 4.03 Bn |
| Dec 31, 2022 | 3.27 Bn |
| Sep 30, 2022 | 390.28 Mn |
| Jun 30, 2022 | 2.43 Bn |
| Mar 31, 2022 | 1.40 Bn |
| Dec 31, 2021 | 5.54 Bn |
| Sep 30, 2021 | 5.02 Bn |
API Access
RLX Technology Enterprise Value API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=enterprise-value&ticker=RLX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "ticker": "RLX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=enterprise-value&ticker=RLX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();