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