RLX Technology (RLX) Enterprise Value (2018 - 2026)
RLX Technology (RLX) reported Enterprise Value of -$624.9 million for Q1 2026, up 9.81% on a YoY basis from -$569.1 million in Q1 2025, and up 18.63% quarter-over-quarter from -$768.0 million in Q4 2025.
RLX Technology (RLX) Enterprise Value (2018 - 2026) Analysis & Trends
RLX Technology has reported Enterprise Value for 9 years, with the latest figure at -$624.9 million in Q1 2026.
- For the quarter ending Q1 2026, Enterprise Value rose 9.81% year-over-year to -$624.9 million; the trailing twelve-month figure through Mar 2026 stood at -$624.9 million (up 9.81% YoY), and the FY2025 full-year result was -$1.1 billion, down 42.52% from the prior year.
- Enterprise Value for Q1 2026 stood at -$624.9 million, up from -$768.0 million in the prior quarter.
- The five-year high for Enterprise Value was -$132.0 million in Q3 2022, with the low at -$831.6 million in Q4 2024.
- Historically, Enterprise Value has averaged -$449.5 million across 5 years, with a median of -$432.9 million in 2024.
- Annual changes were most pronounced in 2022 — Enterprise Value jumped 86.64% — and 2023, when it sank 169.14%.
- RLX Technology's Enterprise Value stood at -$185.3 million in 2022, then plunged by 82.23% to -$337.6 million in 2023, then slumped by 146.31% to -$831.6 million in 2024, then grew by 7.65% to -$768.0 million in 2025, then advanced by 18.63% to -$624.9 million in 2026.
- The last three Enterprise Value figures came in at -$624.9 million (Q1 2026), -$768.0 million (Q4 2025), and -$489.6 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 277.78 Bn | 274.30 Bn | 6.91 Bn | -3.47 Bn |
| 2 | Altria | 120.77 Bn | 117.29 Bn | 3.51 Bn | -3.48 Bn |
| 3 | British American Tobacco p.l.c | 45.84 Bn | 40.53 Bn | - | -5.31 Bn |
| 4 | Turning Point Brands | 1.66 Bn | 1.49 Bn | 68.30 Mn | -172.71 Mn |
| 5 | Universal | 1.35 Bn | 1.30 Bn | 98.47 Mn | -16.45 Mn |
| 6 | RLX Technology | 355.86 Mn | -269.04 Mn | 73.10 Mn | -624.90 Mn |
| 7 | Ispire Technology | 97.40 Mn | 79.11 Mn | 1.99 Mn | -18.29 Mn |
| 8 | Rythm | 54.37 Mn | 21.11 Mn | 10.40 Mn | -33.26 Mn |
| 9 | Greenlane Holdings | 11.69 Mn | -26.54 Mn | 217,000.00 | -38.23 Mn |
| 10 | 22nd Century | 2.50 Mn | -7.04 Mn | -636,000.00 | -9.55 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -624.90 Mn |
| Dec 31, 2025 | -768.01 Mn |
| Sep 30, 2025 | -489.61 Mn |
| Jun 30, 2025 | -554.61 Mn |
| Mar 31, 2025 | -692.86 Mn |
| Dec 31, 2024 | -831.63 Mn |
| Sep 30, 2024 | -481.04 Mn |
| Jun 30, 2024 | -432.92 Mn |
| Mar 31, 2024 | -337.56 Mn |
| Dec 31, 2023 | -337.64 Mn |
| Sep 30, 2023 | -355.20 Mn |
| Jun 30, 2023 | -248.72 Mn |
| Mar 31, 2023 | -215.96 Mn |
| Dec 31, 2022 | -185.28 Mn |
| Sep 30, 2022 | -131.98 Mn |
| Jun 30, 2022 | -260.38 Mn |
| Mar 31, 2022 | -693.95 Mn |
| Dec 31, 2021 | -814.22 Mn |
| Sep 30, 2021 | -987.93 Mn |
| Jun 30, 2021 | -1.01 Bn |