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