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

RLX Technology (RLX) posted Invested Capital of $2.3 billion for Q1 2026, up 4.36% quarter-over-quarter from $2.2 billion in Q4 2025, and up 28109.38% year-on-year from N/an in Q1 2025.

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

RLX Technology (RLX) has reported Invested Capital for 8 consecutive years, with $2.3 billion the latest figure, recorded in Q1 2026.

  • Invested Capital for Q1 2026 came in at $2.3 billion, up 28109.38% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.3 billion (up 20664.59% YoY), and the FY2025 annual result was $2.2 billion, changed 0.28% from the prior year.
  • Invested Capital was $2.3 billion for Q1 2026 at RLX Technology, up from $2.2 billion in the prior quarter.
  • Over five years, Invested Capital peaked at $2.3 billion in Q1 2026 and troughed at $156000.0 in Q1 2023.
  • Average Invested Capital over 5 years is $1.1 billion, with a median of $1.1 billion recorded in 2022.
  • Year-over-year, Invested Capital slumped 99.99% in 2023 and jumped 1384977.79% in 2024.
  • Over 5 years, Invested Capital stood at $2.2 billion in 2022, then retreated by 0.85% to $2.2 billion in 2023, then rose by 3.0% to $2.2 billion in 2024, then declined by 0.02% to $2.2 billion in 2025, then gained by 4.36% to $2.3 billion in 2026.
  • Per Business Quant data, the three most recent Invested Capital figures were $2.3 billion in Q1 2026, $2.2 billion in Q4 2025, and $15.8 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Altria 66.91 Bn 63.43 Bn 3.51 Bn 21.44 Bn
2 RLX Technology 2.38 Bn 1.75 Bn 73.10 Mn 2.33 Bn
3 Turning Point Brands 1.68 Bn 1.51 Bn 68.30 Mn 385.49 Mn
4 Universal 1.30 Bn 1.29 Bn 98.47 Mn 1.46 Bn
5 Ispire Technology 65.31 Mn 47.02 Mn 1.99 Mn -15.11 Mn
6 Rythm 54.80 Mn 21.54 Mn 10.40 Mn 45.20 Mn
7 Greenlane Holdings 9.60 Mn -28.63 Mn 217,000.00 50.08 Mn
8 VPR Brands 4.59 Mn 1.87 Mn 138,574.00 1.46 Mn
9 Lftd Partners 2.96 Mn 873,406.64 -1.71 Mn 8.47 Mn
10 22nd Century 128,296.63 -9.42 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 15.84 Mn
Jun 30, 2025 14.39 Mn
Mar 31, 2025 8.25 Mn
Dec 31, 2024 2.23 Bn
Sep 30, 2024 1.45 Mn
Jun 30, 2024 1.51 Mn
Mar 31, 2024 2.16 Bn
Dec 31, 2023 2.17 Bn
Sep 30, 2023 2.20 Bn
Mar 31, 2023 156,551.34
Dec 31, 2022 2.19 Bn
Sep 30, 2022 14.62 Mn
Jun 30, 2022 15.16 Mn
Mar 31, 2022 2.15 Bn
Dec 31, 2021 2.11 Bn
Sep 30, 2021 2.05 Bn
Jun 30, 2021 1.98 Bn
Mar 31, 2021 1.90 Bn