RLX Technology (RLX) Invested Capital (2018 - 2026)

RLX Technology (RLX) reported Invested Capital of $2.3 billion for Q1 2026, up 28061.49% on a YoY basis from N/an in Q1 2025, and up 4.36% quarter-over-quarter from $2.2 billion in Q4 2025.

RLX Technology (RLX) Invested Capital (2018 - 2026) Analysis & Trends

RLX Technology has reported Invested Capital for 9 years, with the latest figure at $2.3 billion in Q1 2026.

  • For the quarter ending Q1 2026, Invested Capital rose 28061.49% year-over-year to $2.3 billion; the trailing twelve-month figure through Mar 2026 stood at $2.3 billion (up 28061.49% YoY), and the FY2025 full-year result was $2.2 billion, up 2.41% from the prior year.
  • Invested Capital for Q1 2026 stood at $2.3 billion, up from $2.2 billion in the prior quarter.
  • The five-year high for Invested Capital was $2.3 billion in Q1 2026, with the low at $8.3 million in Q1 2025.
  • Historically, Invested Capital has averaged $1.4 billion across 5 years, with a median of $2.2 billion in 2022.
  • Annual changes were most pronounced in 2025 — Invested Capital slumped 99.61% — and 2026, when it soared 28061.49%.
  • RLX Technology's Invested Capital stood at $2.2 billion in 2022, then dropped by 0.85% to $2.2 billion in 2023, then climbed by 3.0% to $2.2 billion in 2024, then decreased by 0.02% to $2.2 billion in 2025, then grew by 4.36% to $2.3 billion in 2026.
  • The last three Invested Capital figures came in at $2.3 billion (Q1 2026), $2.2 billion (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 277.78 Bn 274.30 Bn 6.91 Bn -1.61 Bn
2 Altria 120.77 Bn 117.29 Bn 3.51 Bn 21.44 Bn
3 British American Tobacco p.l.c 45.84 Bn 40.53 Bn - 107.88 Bn
4 Turning Point Brands 1.66 Bn 1.49 Bn 68.30 Mn 385.49 Mn
5 Universal 1.35 Bn 1.30 Bn 98.47 Mn 1.46 Bn
6 RLX Technology 355.86 Mn -269.04 Mn 73.10 Mn 2.33 Bn
7 Ispire Technology 97.40 Mn 79.11 Mn 1.99 Mn -15.11 Mn
8 Rythm 54.37 Mn 21.11 Mn 10.40 Mn 45.20 Mn
9 Greenlane Holdings 11.69 Mn -26.54 Mn 217,000.00 50.08 Mn
10 22nd Century 2.50 Mn -7.04 Mn -636,000.00 21.22 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 2.33 Bn
Dec 31, 2025 2.23 Bn
Sep 30, 2025 15.92 Mn
Jun 30, 2025 14.53 Mn
Mar 31, 2025 8.27 Mn
Dec 31, 2024 2.23 Bn
Mar 31, 2024 2.13 Bn
Dec 31, 2023 2.17 Bn
Sep 30, 2023 2.18 Bn
Dec 31, 2022 2.19 Bn
Sep 30, 2022 14.06 Mn
Jun 30, 2022 14.93 Mn
Mar 31, 2022 2.15 Bn
Dec 31, 2021 2.11 Bn
Sep 30, 2021 2.06 Bn
Jun 30, 2021 1.98 Bn
Mar 31, 2021 1.88 Bn
Dec 31, 2020 229.33 Mn
Dec 31, 2019 15.12 Mn
Dec 31, 2018 957,881.75