RLX Technology (RLX) Enterprise Value (2019 - 2026)
RLX Technology (RLX) posted Enterprise Value of -$652.9 million for Q1 2026, up 14.98% on a QoQ basis from -$768.0 million in Q4 2025, and up 5.76% year-over-year from -$617.3 million in Q1 2025.
RLX Technology (RLX) Enterprise Value (2019 - 2026) Analysis & Trends
RLX Technology's Enterprise Value history runs 8 years deep, the most recent figure standing at -$652.9 million for Q1 2026.
- Quarterly Enterprise Value rose 5.76% year-over-year to -$652.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$652.9 million (up 5.76% YoY) and the FY2025 annual result came in at -$792.9 million, changed 0.03% from the prior year.
- Enterprise Value was -$652.9 million for Q1 2026 at RLX Technology, up from -$768.0 million in the prior quarter.
- Across five years, Enterprise Value topped out at -$132.3 million in Q3 2022 and bottomed at -$789.8 million in Q2 2025.
- A 5-year average of -$464.4 million and a median of -$441.4 million in 2024 frame the typical range for Enterprise Value.
- Annual changes were most pronounced in 2022 — Enterprise Value soared 86.61% — and 2023, when it plunged 174.08%.
- RLX Technology's Enterprise Value stood at -$185.3 million in 2022, then slumped by 82.23% to -$337.6 million in 2023, then tumbled by 132.66% to -$785.5 million in 2024, then grew by 2.23% to -$768.0 million in 2025, then increased by 14.98% to -$652.9 million in 2026.
- Business Quant data shows RLX's Enterprise Value at -$652.9 million in Q1 2026, -$768.0 million in Q4 2025, and -$506.4 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 300.23 Bn | 294.78 Bn | 6.91 Bn | -3.47 Bn |
| 2 | British American Tobacco p.l.c | 133.32 Bn | 128.01 Bn | - | -5.01 Bn |
| 3 | Altria | 121.70 Bn | 118.17 Bn | 3.51 Bn | -3.48 Bn |
| 4 | RLX Technology | 2.50 Bn | 1.83 Bn | 73.10 Mn | -652.93 Mn |
| 5 | Turning Point Brands | 1.47 Bn | 1.43 Bn | 68.30 Mn | -12.26 Mn |
| 6 | Universal | 1.35 Bn | 1.11 Bn | 98.47 Mn | -193.68 Mn |
| 7 | Ispire Technology | 89.38 Mn | 71.30 Mn | 1.99 Mn | -18.08 Mn |
| 8 | Rythm | 42.81 Mn | 9.55 Mn | 10.40 Mn | -33.26 Mn |
| 9 | VPR Brands | 11.01 Mn | 8.30 Mn | 138,574.00 | -2.71 Mn |
| 10 | Greenlane Holdings | 8.50 Mn | -29.73 Mn | 217,000.00 | -38.23 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -652.93 Mn |
| Dec 31, 2025 | -768.01 Mn |
| Sep 30, 2025 | -506.38 Mn |
| Jun 30, 2025 | -789.83 Mn |
| Mar 31, 2025 | -692.86 Mn |
| Dec 31, 2024 | -785.54 Mn |
| Sep 30, 2024 | -481.04 Mn |
| Jun 30, 2024 | -441.44 Mn |
| Mar 31, 2024 | -337.56 Mn |
| Dec 31, 2023 | -337.64 Mn |
| Sep 30, 2023 | -362.49 Mn |
| Jun 30, 2023 | -250.89 Mn |
| Mar 31, 2023 | -216.88 Mn |
| Dec 31, 2022 | -185.28 Mn |
| Sep 30, 2022 | -132.26 Mn |
| Jun 30, 2022 | -260.38 Mn |
| Mar 31, 2022 | -694.03 Mn |
| Dec 31, 2021 | -814.22 Mn |
| Sep 30, 2021 | -988.01 Mn |
| Jun 30, 2021 | -1.01 Bn |