RLX Technology (RLX) Notes Payables (2019 - 2025)
RLX Technology's (RLX) quarterly Notes Payables came in at $13.0 million in Q4 2025, up 133.19% YoY from $5.6 million in Q4 2024, and up 133.19% on a QoQ basis from $5.6 million in Q4 2024.
RLX Technology (RLX) Notes Payables (2019 - 2025) Analysis & Trends
RLX Technology (RLX) has 6 years of Notes Payables data on file, last reported at $13.0 million in Q4 2025.
- Quarterly Notes Payables rose 133.19% year-over-year to $13.0 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $13.0 million (up 133.19% YoY) and the FY2025 annual result came in at $13.2 million, up 140.88% from the prior year.
- Notes Payables improved to $13.0 million in Q4 2025, from $5.6 million in the prior quarter.
- In the past five years, Notes Payables ranged from a high of $122.4 million in Q4 2021 to a low of $5.6 million in Q4 2024.
- A 4-year average of $42.9 million and a median of $21.7 million in 2025 frame the typical range for Notes Payables.
- Annual changes were most pronounced in 2022 — Notes Payables tumbled 75.1% — and 2025, when it surged 133.19%.
- Tracing RLX's Notes Payables over 4 years: stood at $122.4 million in 2021, then plunged by 75.1% to $30.5 million in 2022, then plunged by 81.74% to $5.6 million in 2024, then surged by 133.19% to $13.0 million in 2025.
- The last three Notes Payables figures came in at $13.0 million (Q4 2025), $5.6 million (Q4 2024), and $30.5 million (Q4 2022), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Philip Morris International | 298.83 Bn | 292.83 Bn | 7.66 Bn |
| 2 | British American Tobacco p.l.c | 122.98 Bn | 119.29 Bn | - |
| 3 | Altria | 111.97 Bn | 109.61 Bn | 3.82 Bn |
| 4 | RLX Technology | 2.22 Bn | 1.48 Bn | 52.74 Mn |
| 5 | Turning Point Brands | 1.73 Bn | 1.46 Bn | 93.70 Mn |
| 6 | Universal | 1.15 Bn | 869.50 Mn | 83.09 Mn |
| 7 | Ispire Technology | 87.09 Mn | 67.86 Mn | 1.99 Mn |
| 8 | Rythm | 45.53 Mn | 3.62 Mn | 18.54 Mn |
| 9 | Greenlane Holdings | 14.10 Mn | -10.40 Mn | 32,000.00 |
| 10 | VPR Brands | 9.14 Mn | 6.80 Mn | 161,075.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 12.99 Mn |
| Dec 31, 2024 | 5.57 Mn |
| Dec 31, 2022 | 30.49 Mn |
| Dec 31, 2021 | 122.43 Mn |
| Dec 31, 2020 | 139.43 Mn |
| Dec 31, 2019 | 49.45 Mn |