RLX Technology (RLX) Notes Payables (2019 - 2025)

RLX Technology (RLX) posted Notes Payables of $13.0 million for Q4 2025, down 42.79% quarter-over-quarter from $22.7 million in Q4 2024, and down 42.79% year-on-year from $22.7 million in Q4 2024.

RLX Technology (RLX) Notes Payables (2019 - 2025) Analysis & Trends

RLX Technology (RLX) has reported Notes Payables for 6 consecutive years, with $13.0 million the latest figure, recorded in Q4 2025.

  • Notes Payables for Q4 2025 came in at $13.0 million, down 42.79% year-over-year; the trailing twelve-month figure through Dec 2025 was $13.0 million (down 42.79% YoY), and the FY2025 annual result was $13.2 million, up 140.0% from the prior year.
  • Notes Payables was $13.0 million for Q4 2025 at RLX Technology, down from $22.7 million in the prior quarter.
  • Over five years, Notes Payables peaked at $122.4 million in Q4 2021 and troughed at $13.0 million in Q4 2025.
  • Average Notes Payables over 4 years is $47.2 million, with a median of $26.6 million recorded in 2022.
  • Year-over-year, Notes Payables decreased 12.19% in 2021 and sank 75.1% in 2022.
  • Over 4 years, Notes Payables stood at $122.4 million in 2021, then tumbled by 75.1% to $30.5 million in 2022, then decreased by 25.55% to $22.7 million in 2024, then tumbled by 42.79% to $13.0 million in 2025.
  • Per Business Quant data, the three most recent Notes Payables figures were $13.0 million in Q4 2025, $22.7 million in Q4 2024, and $30.5 million in Q4 2022.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Altria 66.91 Bn 63.43 Bn 3.51 Bn
2 RLX Technology 2.38 Bn 1.75 Bn 73.10 Mn
3 Turning Point Brands 1.68 Bn 1.51 Bn 68.30 Mn
4 Universal 1.30 Bn 1.29 Bn 98.47 Mn
5 Ispire Technology 65.31 Mn 47.02 Mn 1.99 Mn
6 Rythm 54.80 Mn 21.54 Mn 10.40 Mn
7 Greenlane Holdings 9.60 Mn -28.63 Mn 217,000.00
8 VPR Brands 4.59 Mn 1.87 Mn 138,574.00
9 Lftd Partners 2.96 Mn 873,406.64 -1.71 Mn
10 22nd Century 128,296.63 -9.42 Mn -636,000.00

Historic Data

Download Data
DateValue
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