RLX Technology (RLX) Free Cash Flow (2019 - 2026)
RLX Technology (RLX) reported Free Cash Flow of -$9.9 million for Q1 2026, down 134.81% on a YoY basis from $28.5 million in Q1 2025, and down 122.4% quarter-over-quarter from $44.4 million in Q4 2025.
RLX Technology (RLX) Free Cash Flow (2019 - 2026) Analysis & Trends
RLX Technology has reported Free Cash Flow for 8 years, with the latest figure at -$9.9 million in Q1 2026.
- For the quarter ending Q1 2026, Free Cash Flow fell 134.81% year-over-year to -$9.9 million; the trailing twelve-month figure through Mar 2026 stood at $116.7 million (down 20.08% YoY), and the FY2025 full-year result was $141.1 million, up 22.0% from the prior year.
- Free Cash Flow for Q1 2026 stood at -$9.9 million, down from $44.4 million in the prior quarter.
- The five-year high for Free Cash Flow was $215.6 million in Q2 2022, with the low at -$142.9 million in Q3 2022.
- Historically, Free Cash Flow has averaged $21.9 million across 5 years, with a median of $27.1 million in 2024.
- Annual changes were most pronounced in 2022 — Free Cash Flow tumbled 544.78% — and 2025, when it surged 5025.31%.
- RLX Technology's 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 plunged by 34.85% to $44.4 million in 2025, then tumbled by 122.4% to -$9.9 million in 2026.
- The last three Free Cash Flow figures came in at -$9.9 million (Q1 2026), $44.4 million (Q4 2025), and $50.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 277.78 Bn | 274.30 Bn | 6.91 Bn | -752.00 Mn |
| 2 | Altria | 120.77 Bn | 117.29 Bn | 3.51 Bn | 2.23 Bn |
| 3 | British American Tobacco p.l.c | 45.84 Bn | 40.53 Bn | - | - |
| 4 | Turning Point Brands | 1.66 Bn | 1.49 Bn | 68.30 Mn | -27.40 Mn |
| 5 | Universal | 1.35 Bn | 1.30 Bn | 98.47 Mn | 178.61 Mn |
| 6 | RLX Technology | 355.86 Mn | -269.04 Mn | 73.10 Mn | -9.94 Mn |
| 7 | Ispire Technology | 97.40 Mn | 79.11 Mn | 1.99 Mn | 1.71 Mn |
| 8 | Rythm | 54.37 Mn | 21.11 Mn | 10.40 Mn | 1.04 Mn |
| 9 | Greenlane Holdings | 11.69 Mn | -26.54 Mn | 217,000.00 | -4.83 Mn |
| 10 | 22nd Century | 2.50 Mn | -7.04 Mn | -636,000.00 | -3.14 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 50.22 Mn |
| Sep 30, 2025 | 50.22 Mn |
| Jun 30, 2025 | 32.05 Mn |
| Jun 30, 2025 | 32.05 Mn |
| Mar 31, 2025 | 28.55 Mn |
| Mar 31, 2025 | 28.55 Mn |
| Dec 31, 2024 | 68.09 Mn |
| Dec 31, 2024 | 68.09 Mn |
| Sep 30, 2024 | 22.31 Mn |
| Sep 30, 2024 | 22.31 Mn |
| Jun 30, 2024 | 27.08 Mn |
| Jun 30, 2024 | 27.08 Mn |
| Mar 31, 2024 | 557,000.00 |
| Mar 31, 2024 | 557,000.00 |
| Dec 31, 2023 | 42.99 Mn |
| Dec 31, 2023 | 42.99 Mn |