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 Capitalization | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 297.69 Bn | 294.22 Bn | 6.91 Bn | -752.00 Mn |
| 2 | British American Tobacco p.l.c | 130.91 Bn | 125.90 Bn | - | - |
| 3 | Altria | 120.57 Bn | 117.09 Bn | 3.51 Bn | 2.23 Bn |
| 4 | RLX Technology | 2.48 Bn | 1.83 Bn | 73.10 Mn | -9.98 Mn |
| 5 | Turning Point Brands | 1.40 Bn | 1.39 Bn | 68.30 Mn | -27.40 Mn |
| 6 | Universal | 1.32 Bn | 1.13 Bn | 98.47 Mn | 178.61 Mn |
| 7 | Ispire Technology | 89.95 Mn | 71.87 Mn | 1.99 Mn | 1.71 Mn |
| 8 | VPR Brands | 11.93 Mn | 9.21 Mn | 138,574.00 | 2.57 Mn |
| 9 | Lftd Partners | 2.82 Mn | 725,179.78 | -1.71 Mn | 339,178.00 |
| 10 | Rythm | 1.41 Mn | -31.85 Mn | 10.40 Mn | 1.04 Mn |
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 |