RLX Technology (RLX) Notes Payables (2019 - 2025)
RLX Technology (RLX) reported Notes Payables of $13.0 million for Q4 2025, down 42.79% on a YoY basis from $22.7 million in Q4 2024, and down 42.79% quarter-over-quarter from $22.7 million in Q4 2024.
RLX Technology (RLX) Notes Payables (2019 - 2025) Analysis & Trends
RLX Technology has reported Notes Payables for 6 years, with the latest figure at $13.0 million in Q4 2025.
- For the quarter ending Q4 2025, Notes Payables fell 42.79% year-over-year to $13.0 million; the trailing twelve-month figure through Dec 2025 stood at $13.0 million (down 42.79% YoY), and the FY2025 full-year result was $13.2 million, up 140.0% from the prior year.
- Notes Payables for Q4 2025 stood at $13.0 million, down from $22.7 million in the prior quarter.
- The five-year high for Notes Payables was $122.4 million in Q4 2021, with the low at $13.0 million in Q4 2025.
- Historically, Notes Payables has averaged $47.2 million across 4 years, with a median of $26.6 million in 2022.
- Annual changes were most pronounced in 2021 — Notes Payables fell 12.19% — and 2022, when it tumbled 75.1%.
- RLX Technology's Notes Payables stood at $122.4 million in 2021, then plunged by 75.1% to $30.5 million in 2022, then declined by 25.55% to $22.7 million in 2024, then plunged by 42.79% to $13.0 million in 2025.
- The last three Notes Payables figures came in at $13.0 million (Q4 2025), $22.7 million (Q4 2024), and $30.5 million (Q4 2022), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Philip Morris International | 277.78 Bn | 274.30 Bn | 6.91 Bn |
| 2 | Altria | 120.77 Bn | 117.29 Bn | 3.51 Bn |
| 3 | British American Tobacco p.l.c | 45.84 Bn | 40.53 Bn | - |
| 4 | Turning Point Brands | 1.66 Bn | 1.49 Bn | 68.30 Mn |
| 5 | Universal | 1.35 Bn | 1.30 Bn | 98.47 Mn |
| 6 | RLX Technology | 355.86 Mn | -269.04 Mn | 73.10 Mn |
| 7 | Ispire Technology | 97.40 Mn | 79.11 Mn | 1.99 Mn |
| 8 | Rythm | 54.37 Mn | 21.11 Mn | 10.40 Mn |
| 9 | Greenlane Holdings | 11.69 Mn | -26.54 Mn | 217,000.00 |
| 10 | 22nd Century | 2.50 Mn | -7.04 Mn | -636,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 12.99 Mn |
| Dec 31, 2024 | 22.70 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 |