RLX Technology (RLX) Operating Leases (2019 - 2026)
RLX Technology (RLX) reported Operating Leases of $8.27 million for the quarter ended Jun 30, 2026, up 89.3% from $4.37 million a year earlier and up 13.0% from the prior quarter.
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Analysis
RLX Technology (RLX) Operating Leases (2019 - 2026) Analysis & Trends
As of Dec 31, 2025, RLX Technology posted Operating Leases of $7.96 million, up 724.1% from the prior year.
- Operating Leases has a five-year compound annual growth rate of 2.9% (years ended Dec 2020 to Dec 2025).
- By year, Operating Leases came in at $966,000 in the year ended Dec 31, 2024 (-71.9%), $3.44 million in the year ended Dec 31, 2023 (-40.7%), $5.8 million in the year ended Dec 31, 2022 (-64.6%) and $16.36 million in the year ended Dec 31, 2021 (+136.8%).
- The figure for the quarter ended Jun 30, 2026 ranks as the highest quarterly Operating Leases since the quarter ended Jun 30, 2022.
- Year over year, Operating Leases gained in four of the last six quarters, with growth averaging 122.6%.
- The high point for year-over-year Operating Leases in five years was the quarter ended Sep 30, 2025 (growth of 305.7%); the low point was the quarter ended Sep 30, 2024 (a decline of 74.9%).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at $7.32 million (quarter ended Mar 31, 2026), $7.85 million (quarter ended Dec 31, 2025) and $4.13 million (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Philip Morris International | 302.14 Bn | 283.71 Bn | 7.66 Bn |
| 2 | British American Tobacco p.l.c | 129.64 Bn | 108.78 Bn | - |
| 3 | Altria | 115.45 Bn | 101.65 Bn | 3.82 Bn |
| 4 | Curaleaf Holdings | 2.87 Bn | 2.47 Bn | 169.91 Mn |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn |
| 6 | Trulieve Cannabis | 2.37 Bn | 989.63 Mn | 162.29 Mn |
| 7 | Green Thumb Industries | 1.53 Bn | 385.54 Mn | 137.87 Mn |
| 8 | Cronos | 1.26 Bn | -1.96 Bn | 28.45 Mn |
| 9 | Turning Point Brands | 1.21 Bn | 343.16 Mn | 93.70 Mn |
| 10 | Verano Holdings | 871.29 Mn | 544.91 Mn | 99.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.27 Mn |
| 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 | -55.66 Mn |
| Sep 30, 2024 | 1.02 Mn |
| Jun 30, 2024 | 1.81 Mn |
| Mar 31, 2024 | 2.49 Mn |
| Dec 31, 2023 | -67.36 Mn |
| Sep 30, 2023 | 4.06 Mn |
| Jun 30, 2023 | 5.36 Mn |
| Mar 31, 2023 | 4.67 Mn |
| Dec 31, 2022 | -100.32 Mn |
| Sep 30, 2022 | 5.35 Mn |
| Jun 30, 2022 | 13.12 Mn |
| Mar 31, 2022 | 14.35 Mn |
| Dec 31, 2021 | 184.95 Mn |
| Sep 30, 2021 | 12.39 Mn |
API Access
RLX Technology Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=RLX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "RLX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=RLX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();