RLX Technology (RLX) Free Cash Flow (2019 - 2026)
RLX Technology's (RLX) quarterly Free Cash Flow came in at -$10.0 million in Q1 2026, down 134.96% YoY from $28.5 million in Q1 2025, and down 122.5% on a QoQ basis from $44.4 million in Q4 2025.
RLX Technology (RLX) Free Cash Flow (2019 - 2026) Analysis & Trends
RLX Technology (RLX) has 8 years of Free Cash Flow data on file, last reported at -$10.0 million in Q1 2026.
- Quarterly Free Cash Flow fell 134.96% year-over-year to -$10.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $116.7 million (down 20.11% YoY) and the FY2025 annual result came in at $139.1 million, up 19.53% from the prior year.
- Free Cash Flow retreated to -$10.0 million in Q1 2026, from $44.4 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $215.6 million in Q2 2022 to a low of -$142.9 million in Q3 2022.
- A 5-year average of $21.9 million and a median of $27.1 million in 2024 frame the typical range for Free Cash Flow.
- Annual changes were most pronounced in 2022 — Free Cash Flow tumbled 544.78% — and 2025, when it surged 5025.31%.
- Tracing RLX's Free Cash Flow over 5 years: 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 sank by 122.5% to -$10.0 million in 2026.
- The last three Free Cash Flow figures came in at -$10.0 million (Q1 2026), $44.4 million (Q4 2025), and $50.2 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 293.93 Bn | 287.93 Bn | 7.66 Bn | 5.11 Bn |
| 2 | British American Tobacco p.l.c | 121.73 Bn | 118.03 Bn | - | - |
| 3 | Altria | 110.12 Bn | 107.75 Bn | 3.82 Bn | 662.00 Mn |
| 4 | RLX Technology | 2.20 Bn | 1.46 Bn | 52.74 Mn | -9.29 Mn |
| 5 | Turning Point Brands | 1.67 Bn | 1.40 Bn | 93.70 Mn | 26.24 Mn |
| 6 | Universal | 1.13 Bn | 851.44 Mn | 83.09 Mn | -133.05 Mn |
| 7 | Ispire Technology | 85.94 Mn | 66.71 Mn | 1.99 Mn | 1.71 Mn |
| 8 | Rythm | 49.34 Mn | 7.43 Mn | 18.54 Mn | 8.65 Mn |
| 9 | Greenlane Holdings | 11.38 Mn | -13.12 Mn | 32,000.00 | -3.43 Mn |
| 10 | VPR Brands | 9.12 Mn | 6.78 Mn | 161,075.00 | -537,890.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -9.98 Mn |
| Mar 31, 2026 | -9.98 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 |