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| Date | Value |
|---|---|
| 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 |