RLX Technology RLX
NYSE RLX
$1.78 +0.02 (+1.14%)
As of: Sep 10, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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