Growth Metrics

RLX Technology (RLX) Enterprise Value (2021 - 2026)

RLX Technology filings provide 8 years of Enterprise Value readings, the most recent being -$961.0 million for Q4 2025.

  • On a quarterly basis, Enterprise Value fell 15.55% to -$961.0 million in Q4 2025 year-over-year; TTM through Dec 2025 was -$961.0 million, a 15.55% decrease, with the full-year FY2025 number at -$960.8 million, down 23.17% from a year prior.
  • Enterprise Value hit -$961.0 million in Q4 2025 for RLX Technology, down from -$762.1 million in the prior quarter.
  • In the past five years, Enterprise Value ranged from a high of -$185.3 million in Q4 2022 to a low of -$1.9 billion in Q1 2021.
  • Median Enterprise Value over the past 5 years was -$751.5 million (2024), compared with a mean of -$819.5 million.
  • Biggest five-year swings in Enterprise Value: tumbled 7646.93% in 2021 and later surged 77.24% in 2022.
  • RLX Technology's Enterprise Value stood at -$814.2 million in 2021, then soared by 77.24% to -$185.3 million in 2022, then tumbled by 82.23% to -$337.6 million in 2023, then plummeted by 146.31% to -$831.6 million in 2024, then decreased by 15.55% to -$961.0 million in 2025.
  • The last three reported values for Enterprise Value were -$961.0 million (Q4 2025), -$762.1 million (Q3 2025), and -$741.9 million (Q2 2025) per Business Quant data.