RLX Technology (RLX) Invested Capital (2019 - 2026)
RLX Technology (RLX) posted Invested Capital of $13.4 million for Q1 2026, down 79.93% on a QoQ basis from $66.9 million in Q4 2025, and up 284.57% year-over-year from $3.5 million in Q1 2025.
RLX Technology (RLX) Invested Capital (2019 - 2026) Analysis & Trends
RLX Technology's Invested Capital history runs 8 years deep, the most recent figure standing at $13.4 million for Q1 2026.
- Quarterly Invested Capital rose 284.57% year-over-year to $13.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $88.0 million (up 630.44% YoY) and the FY2025 annual result came in at $66.9 million, up 1101.71% from the prior year.
- Invested Capital was $13.4 million for Q1 2026 at RLX Technology, down from $66.9 million in the prior quarter.
- Across five years, Invested Capital topped out at $66.9 million in Q4 2025 and bottomed at $59475.5 in Q4 2022.
- A 5-year average of $9.9 million and a median of $3.5 million in 2025 frame the typical range for Invested Capital.
- Annual changes were most pronounced in 2024 — Invested Capital soared 5505.77% — and 2025, when it slumped 60.06%.
- RLX Technology's Invested Capital stood at $59475.5 in 2022, then jumped by 162.29% to $156000.0 in 2023, then jumped by 3469.63% to $5.6 million in 2024, then soared by 1101.71% to $66.9 million in 2025, then plunged by 79.93% to $13.4 million in 2026.
- Business Quant data shows RLX's Invested Capital at $13.4 million in Q1 2026, $66.9 million in Q4 2025, and $3.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 300.23 Bn | 294.78 Bn | 6.91 Bn | 5.69 Bn |
| 2 | British American Tobacco p.l.c | 133.32 Bn | 128.01 Bn | - | 46.65 Bn |
| 3 | Altria | 121.70 Bn | 118.17 Bn | 3.51 Bn | 542.00 Mn |
| 4 | RLX Technology | 2.50 Bn | 1.83 Bn | 73.10 Mn | 13.43 Mn |
| 5 | Turning Point Brands | 1.47 Bn | 1.43 Bn | 68.30 Mn | - |
| 6 | Universal | 1.35 Bn | 1.11 Bn | 98.47 Mn | 287.56 Mn |
| 7 | Ispire Technology | 89.38 Mn | 71.30 Mn | 1.99 Mn | 1.09 Mn |
| 8 | Rythm | 42.81 Mn | 9.55 Mn | 10.40 Mn | 8.62 Mn |
| 9 | VPR Brands | 11.01 Mn | 8.30 Mn | 138,574.00 | - |
| 10 | Greenlane Holdings | 8.50 Mn | -29.73 Mn | 217,000.00 | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 13.43 Mn |
| Dec 31, 2025 | 66.92 Mn |
| Sep 30, 2025 | 3.48 Mn |
| Jun 30, 2025 | 4.19 Mn |
| Mar 31, 2025 | 3.49 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 |
| Mar 31, 2021 | 942,000.00 |
| Dec 31, 2020 | 1.69 Mn |
| Dec 31, 2019 | 42,280.47 |