RLX Technology (RLX) Operating Expenses (2019 - 2026)

RLX Technology has reported Operating Expenses for 8 years, with the latest figure at -$37.6 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses fell 77.92% year-over-year to -$37.6 million; the trailing twelve-month figure through Mar 2026 stood at -$136.6 million (down 24.14% YoY), and the FY2025 full-year result was $122.3 million, up 7.06% from the prior year.
• Operating Expenses for Q1 2026 stood at -$37.6 million, down from -$34.2 million in the prior quarter.
• The five-year high for Operating Expenses was -$5.3 million in Q1 2022, with the low at -$90.0 million in Q4 2022.
• Historically, Operating Expenses has averaged -$34.2 million across 5 years, with a median of -$30.9 million in 2024.
• Annual changes were most pronounced in 2022 — Operating Expenses soared 97.15% — and 2023, when it sank 1052.54%.
• RLX Technology's Operating Expenses stood at -$90.0 million in 2022, then surged by 58.68% to -$37.2 million in 2023, then climbed by 14.7% to -$31.7 million in 2024, then fell by 7.83% to -$34.2 million in 2025, then fell by 10.08% to -$37.6 million in 2026.
• The last three Operating Expenses figures came in at -$37.6 million (Q1 2026), -$34.2 million (Q4 2025), and -$36.4 million (Q3 2025), per Business Quant data.