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| Date | Value |
|---|---|
| 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 |