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

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

• Operating Expenses for Q1 2026 came in at -$37.6 million, down 77.92% year-over-year; the trailing twelve-month figure through Mar 2026 was -$136.6 million (down 24.14% YoY), and the FY2025 annual result was $122.3 million, up 7.06% from the prior year.
• Operating Expenses was -$37.6 million for Q1 2026 at RLX Technology, down from -$34.2 million in the prior quarter.
• Over five years, Operating Expenses peaked at -$5.3 million in Q1 2022 and troughed at -$90.0 million in Q4 2022.
• Average Operating Expenses over 5 years is -$34.2 million, with a median of -$30.9 million recorded in 2024.
• Year-over-year, Operating Expenses surged 97.15% in 2022 and tumbled 1052.54% in 2023.
• Over 5 years, Operating Expenses stood at -$90.0 million in 2022, then surged by 58.68% to -$37.2 million in 2023, then rose by 14.7% to -$31.7 million in 2024, then slipped by 7.83% to -$34.2 million in 2025, then slipped by 10.08% to -$37.6 million in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were -$37.6 million in Q1 2026, -$34.2 million in Q4 2025, and -$36.4 million in Q3 2025.