RLX Technology RLX
NYSE RLX
$1.81 +0.00 (+0.00%)
At close: Aug 21, 2026 · 4:00 PM EDT

RLX Technology (RLX) Invested Capital (2019 - 2026)

RLX Technology's (RLX) quarterly Invested Capital came in at $19.6 million in Q1 2026, up 137.0% YoY from $8.3 million in Q1 2025, and up 50.9% on a QoQ basis from $13.0 million in Q4 2025.

RLX Technology (RLX) Invested Capital (2019 - 2026) Analysis & Trends

RLX Technology (RLX) has 8 years of Invested Capital data on file, last reported at $19.6 million in Q1 2026.

  • Quarterly Invested Capital rose 137.0% year-over-year to $19.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $63.0 million (up 274.62% YoY) and the FY2025 annual result came in at $13.0 million, up 136.1% from the prior year.
  • Invested Capital improved to $19.6 million in Q1 2026, from $13.0 million in the prior quarter.
  • In the past five years, Invested Capital ranged from a high of $19.6 million in Q1 2026 to a low of $59475.5 in Q4 2022.
  • A 5-year average of $9.5 million and a median of $10.9 million in 2024 frame the typical range for Invested Capital.
  • Annual changes were most pronounced in 2023 — Invested Capital sank 99.01% — and 2024, when it soared 5505.77%.
  • Tracing RLX's Invested Capital over 5 years: stood at $59475.5 in 2022, then surged by 162.29% to $156000.0 in 2023, then surged by 3469.63% to $5.6 million in 2024, then surged by 133.19% to $13.0 million in 2025, then jumped by 50.9% to $19.6 million in 2026.
  • The last three Invested Capital figures came in at $19.6 million (Q1 2026), $13.0 million (Q4 2025), and $15.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Philip Morris International 293.93 Bn 287.93 Bn 7.66 Bn 3.41 Bn
2 British American Tobacco p.l.c 121.73 Bn 118.03 Bn - 44.95 Bn
3 Altria 110.12 Bn 107.75 Bn 3.82 Bn 1.68 Bn
4 RLX Technology 2.20 Bn 1.46 Bn 52.74 Mn 24.26 Mn
5 Turning Point Brands 1.67 Bn 1.40 Bn 93.70 Mn -
6 Universal 1.13 Bn 851.44 Mn 83.09 Mn 567.01 Mn
7 Ispire Technology 85.94 Mn 66.71 Mn 1.99 Mn 1.09 Mn
8 Rythm 49.34 Mn 7.43 Mn 18.54 Mn 8.62 Mn
9 Greenlane Holdings 11.38 Mn -13.12 Mn 32,000.00 -
10 VPR Brands 9.12 Mn 6.78 Mn 161,075.00 -

Historic Data

Download Data
DateValue
Mar 31, 2026 19.60 Mn
Dec 31, 2025 12.99 Mn
Sep 30, 2025 15.92 Mn
Jun 30, 2025 14.53 Mn
Mar 31, 2025 8.27 Mn
Dec 31, 2024 5.57 Mn
Sep 30, 2024 1.48 Mn
Jun 30, 2024 1.51 Mn
Mar 31, 2024 8.75 Mn
Mar 31, 2023 156,000.00
Dec 31, 2022 59,475.52
Sep 30, 2022 14.06 Mn
Jun 30, 2022 14.93 Mn
Mar 31, 2022 15.78 Mn
Mar 31, 2021 942,000.00
Dec 31, 2020 1.69 Mn
Dec 31, 2019 42,280.47