RLX Technology (RLX) Free Cash Flow (2019 - 2026)

RLX Technology (RLX) posted Free Cash Flow of -$9.9 million for Q1 2026, down 122.4% quarter-over-quarter from $44.4 million in Q4 2025, and down 134.87% year-on-year from $28.5 million in Q1 2025.

RLX Technology (RLX) Free Cash Flow (2019 - 2026) Analysis & Trends

RLX Technology (RLX) has reported Free Cash Flow for 8 consecutive years, with -$9.9 million the latest figure, recorded in Q1 2026.

  • Free Cash Flow for Q1 2026 came in at -$9.9 million, down 134.87% year-over-year; the trailing twelve-month figure through Mar 2026 was $116.1 million (down 20.2% YoY), and the FY2025 annual result was $153.7 million, up 32.87% from the prior year.
  • Free Cash Flow was -$9.9 million for Q1 2026 at RLX Technology, down from $44.4 million in the prior quarter.
  • Over five years, Free Cash Flow peaked at $219.0 million in Q2 2022 and troughed at -$148.7 million in Q3 2022.
  • Average Free Cash Flow over 5 years is $21.9 million, with a median of $27.1 million recorded in 2024.
  • Year-over-year, Free Cash Flow slumped 570.57% in 2022 and soared 4969.33% in 2025.
  • Over 5 years, Free Cash Flow stood at -$36.1 million in 2022, then surged by 219.13% to $43.0 million in 2023, then jumped by 58.4% to $68.1 million in 2024, then tumbled by 34.85% to $44.4 million in 2025, then slumped by 122.4% to -$9.9 million in 2026.
  • Per Business Quant data, the three most recent Free Cash Flow figures were -$9.9 million in Q1 2026, $44.4 million in Q4 2025, and $50.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Altria 66.91 Bn 63.43 Bn 3.51 Bn 2.23 Bn
2 RLX Technology 2.38 Bn 1.75 Bn 73.10 Mn -9.94 Mn
3 Turning Point Brands 1.68 Bn 1.51 Bn 68.30 Mn -27.40 Mn
4 Universal 1.30 Bn 1.29 Bn 98.47 Mn 178.61 Mn
5 Ispire Technology 65.31 Mn 47.02 Mn 1.99 Mn 1.71 Mn
6 Rythm 54.80 Mn 21.54 Mn 10.40 Mn 1.04 Mn
7 Greenlane Holdings 9.60 Mn -28.63 Mn 217,000.00 -4.83 Mn
8 VPR Brands 4.59 Mn 1.87 Mn 138,574.00 2.57 Mn
9 Lftd Partners 2.96 Mn 873,406.64 -1.71 Mn 339,178.00
10 22nd Century 128,296.63 -9.42 Mn -636,000.00 -3.14 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -9.94 Mn
Mar 31, 2026 -9.94 Mn
Dec 31, 2025 44.36 Mn
Dec 31, 2025 44.36 Mn
Sep 30, 2025 49.96 Mn
Sep 30, 2025 49.96 Mn
Jun 30, 2025 31.75 Mn
Jun 30, 2025 31.75 Mn
Mar 31, 2025 28.50 Mn
Mar 31, 2025 28.50 Mn
Dec 31, 2024 68.09 Mn
Dec 31, 2024 68.09 Mn
Sep 30, 2024 21.84 Mn
Sep 30, 2024 21.84 Mn
Jun 30, 2024 27.08 Mn
Jun 30, 2024 27.08 Mn
Mar 31, 2024 562,181.93
Mar 31, 2024 562,181.93
Dec 31, 2023 42.99 Mn
Dec 31, 2023 42.99 Mn