RLX Technology (RLX) Enterprise Value (2019 - 2026)
RLX Technology's (RLX) quarterly Enterprise Value came in at -$652.9 million in Q1 2026, up 5.76% YoY from -$617.3 million in Q1 2025, and up 14.98% on a QoQ basis from -$768.0 million in Q4 2025.
RLX Technology (RLX) Enterprise Value (2019 - 2026) Analysis & Trends
RLX Technology (RLX) has 8 years of Enterprise Value data on file, last reported at -$652.9 million in 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, up 9.03% from the prior year.
- Enterprise Value rose to -$652.9 million in Q1 2026, from -$768.0 million in the prior quarter.
- In the past five years, Enterprise Value ranged from a high of -$132.3 million in Q3 2022 to a low of -$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 sank 174.08%.
- Tracing RLX's Enterprise Value over 5 years: stood at -$185.3 million in 2022, then plunged by 82.23% to -$337.6 million in 2023, then sank by 132.66% to -$785.5 million in 2024, then advanced by 2.23% to -$768.0 million in 2025, then climbed by 14.98% to -$652.9 million in 2026.
- The last three Enterprise Value figures came in at -$652.9 million (Q1 2026), -$768.0 million (Q4 2025), and -$506.4 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 | 298.83 Bn | 292.83 Bn | 7.66 Bn | -4.07 Bn |
| 2 | British American Tobacco p.l.c | 122.98 Bn | 119.29 Bn | - | -3.40 Bn |
| 3 | Altria | 111.97 Bn | 109.61 Bn | 3.82 Bn | -2.32 Bn |
| 4 | RLX Technology | 2.22 Bn | 1.48 Bn | 52.74 Mn | -724.98 Mn |
| 5 | Turning Point Brands | 1.73 Bn | 1.46 Bn | 93.70 Mn | -246.27 Mn |
| 6 | Universal | 1.15 Bn | 869.50 Mn | 83.09 Mn | -242.41 Mn |
| 7 | Ispire Technology | 87.09 Mn | 67.86 Mn | 1.99 Mn | -19.23 Mn |
| 8 | Rythm | 45.53 Mn | 3.62 Mn | 18.54 Mn | -41.92 Mn |
| 9 | Greenlane Holdings | 14.10 Mn | -10.40 Mn | 32,000.00 | -24.50 Mn |
| 10 | VPR Brands | 9.14 Mn | 6.80 Mn | 161,075.00 | -2.34 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 |