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

RLX Technology (RLX) reported Operating Leases of $7.3 million for Q1 2026, up 300.49% on a YoY basis from $1.8 million in Q1 2025, and down 6.78% quarter-over-quarter from $7.8 million in Q4 2025.

RLX Technology (RLX) Operating Leases (2019 - 2026) Analysis & Trends

RLX Technology has reported Operating Leases for 8 years, with the latest figure at $7.3 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Leases rose 300.49% year-over-year to $7.3 million; the trailing twelve-month figure through Mar 2026 stood at $7.3 million (up 300.49% YoY), and the FY2025 full-year result was $8.0 million, up 724.12% from the prior year.
  • Operating Leases for Q1 2026 stood at $7.3 million, down from $7.8 million in the prior quarter.
  • The five-year high for Operating Leases was $14.3 million in Q1 2022, with the low at $981470.8 in Q4 2024.
  • Historically, Operating Leases has averaged $5.2 million across 5 years, with a median of $4.4 million in 2025.
  • Annual changes were most pronounced in 2024 — Operating Leases sank 74.94% — and 2025, when it soared 699.74%.
  • RLX Technology's Operating Leases stood at $5.6 million in 2022, then slumped by 39.65% to $3.4 million in 2023, then sank by 71.06% to $981470.8 in 2024, then soared by 699.74% to $7.8 million in 2025, then dropped by 6.78% to $7.3 million in 2026.
  • The last three Operating Leases figures came in at $7.3 million (Q1 2026), $7.8 million (Q4 2025), and $4.1 million (Q3 2025), 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
DateValue
Mar 31, 2026 7.32 Mn
Dec 31, 2025 7.85 Mn
Sep 30, 2025 4.13 Mn
Jun 30, 2025 4.37 Mn
Mar 31, 2025 1.83 Mn
Dec 31, 2024 981,470.82
Sep 30, 2024 1.02 Mn
Jun 30, 2024 1.81 Mn
Mar 31, 2024 2.49 Mn
Dec 31, 2023 3.39 Mn
Sep 30, 2023 4.06 Mn
Jun 30, 2023 5.36 Mn
Mar 31, 2023 4.67 Mn
Dec 31, 2022 5.62 Mn
Sep 30, 2022 5.35 Mn
Jun 30, 2022 13.12 Mn
Mar 31, 2022 14.35 Mn
Dec 31, 2021 16.30 Mn
Sep 30, 2021 18.82 Mn
Jun 30, 2021 7.72 Mn