RLX Technology (RLX) Enterprise Value (2021 - 2026)
RLX Technology's (RLX) quarterly Enterprise Value came in at $2.2 billion in Q2 2026, down 21.75% on a YoY basis from $2.9 billion in Q2 2025, and down 18.44% quarter-over-quarter from $2.8 billion in Q1 2026.
Analysis
RLX Technology (RLX) Enterprise Value (2021 - 2026) Analysis & Trends
RLX Technology (RLX) has reported Enterprise Value for 6 consecutive years, with $2.2 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Enterprise Value fell 21.75% year-over-year to $2.2 billion; the trailing twelve-month figure through Jun 2026 stood at $2.2 billion (down 21.75% YoY), and the FY2025 full-year result was $2.8 billion, up 10.44% from the prior year.
- Enterprise Value retreated to $2.2 billion in Q2 2026 per RLX's latest filing, from $2.8 billion in the prior quarter.
- Across five years, Enterprise Value topped out at $4.3 billion in Q1 2023 and bottomed at $1.5 billion in Q3 2022.
- Historically, Enterprise Value has averaged $2.7 billion across 5 years, with a median of $2.6 billion in 2024.
- The sharpest annual moves came in 2022 and 2023: Enterprise Value plunged 84.21% in 2022, then soared 105.63% in 2023.
- Over 5 years, Enterprise Value stood at $3.4 billion in 2022, then slipped by 18.19% to $2.8 billion in 2023, then dropped by 8.69% to $2.6 billion in 2024, then climbed by 10.97% to $2.8 billion in 2025, then slipped by 20.84% to $2.2 billion in 2026.
- According to Business Quant data, Enterprise Value over the past three periods registered $2.2 billion, $2.8 billion, and $2.8 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Philip Morris International | 295.94 Bn | 289.95 Bn | 7.66 Bn |
| 2 | British American Tobacco p.l.c | 126.98 Bn | 123.54 Bn | - |
| 3 | Altria | 114.81 Bn | 112.45 Bn | 3.82 Bn |
| 4 | RLX Technology | 2.17 Bn | 1.46 Bn | 52.74 Mn |
| 5 | Turning Point Brands | 1.43 Bn | 1.16 Bn | 93.70 Mn |
| 6 | VPR Brands | 7.34 Mn | 5.00 Mn | 161,075.00 |
| 7 | 22nd Century | 427,897.86 | -5.63 Mn | -293,000.00 |
| 8 | Cirtran | 197,816.68 | -168,530.32 | 619,024.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.25 Bn |
| Mar 31, 2026 | 2.76 Bn |
| Dec 31, 2025 | 2.84 Bn |
| Sep 30, 2025 | 3.57 Bn |
| Jun 30, 2025 | 2.87 Bn |
| Mar 31, 2025 | 2.22 Bn |
| Dec 31, 2024 | 2.56 Bn |
| Sep 30, 2024 | 2.37 Bn |
| Jun 30, 2024 | 2.46 Bn |
| Mar 31, 2024 | 2.68 Bn |
| Dec 31, 2023 | 2.80 Bn |
| Sep 30, 2023 | 2.00 Bn |
| Jun 30, 2023 | 2.52 Bn |
| Mar 31, 2023 | 4.34 Bn |
| Dec 31, 2022 | 3.43 Bn |
| Sep 30, 2022 | 1.51 Bn |
| Jun 30, 2022 | 3.07 Bn |
| Mar 31, 2022 | 2.11 Bn |
| Dec 31, 2021 | 5.29 Bn |
| Sep 30, 2021 | 5.51 Bn |