RLX Technology (RLX) Payables (2019 - 2026)

RLX Technology (RLX) posted Payables of $110.7 million for Q1 2026, down 19.46% on a QoQ basis from $137.4 million in Q4 2025, and up 76.07% year-over-year from $62.9 million in Q1 2025.

RLX Technology (RLX) Payables (2019 - 2026) Analysis & Trends

RLX Technology's Payables history runs 8 years deep, the most recent figure standing at $110.7 million for Q1 2026.

  • Quarterly Payables rose 76.07% year-over-year to $110.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $110.7 million (up 76.07% YoY) and the FY2025 annual result came in at $137.4 million, up 193.22% from the prior year.
  • Payables was $110.7 million for Q1 2026 at RLX Technology, down from $137.4 million in the prior quarter.
  • Across five years, Payables topped out at $221.7 million in Q2 2022 and bottomed at $6.9 million in Q1 2023.
  • A 5-year average of $73.8 million and a median of $62.9 million in 2025 frame the typical range for Payables.
  • Annual changes were most pronounced in 2023 — Payables tumbled 96.04% — and 2024, when it jumped 329.56%.
  • RLX Technology's Payables stood at $68.4 million in 2022, then tumbled by 77.59% to $15.3 million in 2023, then jumped by 205.94% to $46.9 million in 2024, then jumped by 193.22% to $137.4 million in 2025, then retreated by 19.46% to $110.7 million in 2026.
  • Business Quant data shows RLX's Payables at $110.7 million in Q1 2026, $137.4 million in Q4 2025, and $63.5 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Payables (Qtr)
1 Philip Morris International 300.23 Bn 294.78 Bn 6.91 Bn 11.93 Bn
2 British American Tobacco p.l.c 133.32 Bn 128.01 Bn - 16.88 Bn
3 Altria 121.70 Bn 118.17 Bn 3.51 Bn 2.48 Bn
4 RLX Technology 2.50 Bn 1.83 Bn 73.10 Mn 110.68 Mn
5 Turning Point Brands 1.47 Bn 1.43 Bn 68.30 Mn 35.89 Mn
6 Universal 1.35 Bn 1.11 Bn 98.47 Mn 288.07 Mn
7 Ispire Technology 89.38 Mn 71.30 Mn 1.99 Mn 5.01 Mn
8 Rythm 42.81 Mn 9.55 Mn 10.40 Mn 73.97 Mn
9 VPR Brands 11.01 Mn 8.30 Mn 138,574.00 906,203.00
10 Greenlane Holdings 8.50 Mn -29.73 Mn 217,000.00 5.35 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 110.68 Mn
Dec 31, 2025 137.42 Mn
Sep 30, 2025 63.49 Mn
Jun 30, 2025 64.38 Mn
Mar 31, 2025 62.86 Mn
Dec 31, 2024 46.86 Mn
Sep 30, 2024 50.22 Mn
Jun 30, 2024 44.56 Mn
Mar 31, 2024 29.62 Mn
Dec 31, 2023 15.32 Mn
Sep 30, 2023 32.90 Mn
Jun 30, 2023 18.23 Mn
Mar 31, 2023 6.90 Mn
Dec 31, 2022 68.36 Mn
Sep 30, 2022 107.72 Mn
Jun 30, 2022 221.71 Mn
Mar 31, 2022 174.21 Mn
Dec 31, 2021 324.02 Mn
Sep 30, 2021 224.94 Mn
Jun 30, 2021 337.24 Mn