RLX Technology (RLX) Payables (2019 - 2026)

RLX Technology (RLX) posted Payables of $90.7 million for Q1 2026, down 33.99% quarter-over-quarter from $137.4 million in Q4 2025, and up 66.45% year-on-year from $54.5 million in Q1 2025.

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

RLX Technology (RLX) has reported Payables for 8 consecutive years, with $90.7 million the latest figure, recorded in Q1 2026.

  • Payables for Q1 2026 came in at $90.7 million, up 66.45% year-over-year; the trailing twelve-month figure through Mar 2026 was $90.7 million (up 66.45% YoY), and the FY2025 annual result was $135.6 million, up 98.06% from the prior year.
  • Payables was $90.7 million for Q1 2026 at RLX Technology, down from $137.4 million in the prior quarter.
  • Over five years, Payables peaked at $210.0 million in Q2 2022 and troughed at $6.9 million in Q1 2023.
  • Average Payables over 5 years is $67.3 million, with a median of $49.2 million recorded in 2024.
  • Year-over-year, Payables slumped 95.64% in 2023 and soared 333.73% in 2024.
  • Over 5 years, Payables stood at $37.9 million in 2022, then slumped by 59.55% to $15.3 million in 2023, then jumped by 317.78% to $64.0 million in 2024, then jumped by 114.73% to $137.4 million in 2025, then slumped by 33.99% to $90.7 million in 2026.
  • Per Business Quant data, the three most recent Payables figures were $90.7 million in Q1 2026, $137.4 million in Q4 2025, and $47.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Payables (Qtr)
1 Altria 66.91 Bn 63.43 Bn 3.51 Bn 2.48 Bn
2 RLX Technology 2.38 Bn 1.75 Bn 73.10 Mn 90.71 Mn
3 Turning Point Brands 1.68 Bn 1.51 Bn 68.30 Mn 35.89 Mn
4 Universal 1.30 Bn 1.29 Bn 98.47 Mn 288.07 Mn
5 Ispire Technology 65.31 Mn 47.02 Mn 1.99 Mn 5.01 Mn
6 Rythm 54.80 Mn 21.54 Mn 10.40 Mn 73.97 Mn
7 Greenlane Holdings 9.60 Mn -28.63 Mn 217,000.00 5.35 Mn
8 VPR Brands 4.59 Mn 1.87 Mn 138,574.00 884,406.00
9 Lftd Partners 2.96 Mn 873,406.64 -1.71 Mn 3.49 Mn
10 22nd Century 128,296.63 -9.42 Mn -636,000.00 1.03 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 90.71 Mn
Dec 31, 2025 137.42 Mn
Sep 30, 2025 47.32 Mn
Jun 30, 2025 49.36 Mn
Mar 31, 2025 54.50 Mn
Dec 31, 2024 63.99 Mn
Sep 30, 2024 49.17 Mn
Jun 30, 2024 44.56 Mn
Mar 31, 2024 29.91 Mn
Dec 31, 2023 15.32 Mn
Sep 30, 2023 33.18 Mn
Jun 30, 2023 18.87 Mn
Mar 31, 2023 6.92 Mn
Dec 31, 2022 37.87 Mn
Sep 30, 2022 97.41 Mn
Jun 30, 2022 210.04 Mn
Mar 31, 2022 158.25 Mn
Dec 31, 2021 201.59 Mn
Sep 30, 2021 224.05 Mn
Jun 30, 2021 336.97 Mn