RLX Technology (RLX) Payables (2019 - 2025)

RLX Technology (RLX) reported Payables of $123.3 million for Q4 2025, up 92.66% on a YoY basis from $64.0 million in Q4 2024, and up 92.66% quarter-over-quarter from $64.0 million in Q4 2024.

RLX Technology (RLX) Payables (2019 - 2025) Analysis & Trends

RLX Technology has reported Payables for 7 years, with the latest figure at $123.3 million in Q4 2025.

  • For the quarter ending Q4 2025, Payables rose 92.66% year-over-year to $123.3 million; the trailing twelve-month figure through Dec 2025 stood at $123.3 million (up 92.66% YoY), and the FY2025 full-year result was $139.4 million, up 103.58% from the prior year.
  • Payables for Q4 2025 stood at $123.3 million, up from $64.0 million in the prior quarter.
  • The five-year high for Payables was $201.6 million in Q4 2021, with the low at $15.3 million in Q4 2023.
  • Historically, Payables has averaged $88.4 million across 5 years, with a median of $64.0 million in 2024.
  • Annual changes were most pronounced in 2022 — Payables tumbled 81.21% — and 2024, when it jumped 317.78%.
  • RLX Technology's Payables stood at $201.6 million in 2021, then plunged by 81.21% to $37.9 million in 2022, then tumbled by 59.55% to $15.3 million in 2023, then jumped by 317.78% to $64.0 million in 2024, then soared by 92.66% to $123.3 million in 2025.
  • The last three Payables figures came in at $123.3 million (Q4 2025), $64.0 million (Q4 2024), and $15.3 million (Q4 2023), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Payables (Qtr)
1 Philip Morris International 277.78 Bn 274.30 Bn 6.91 Bn 11.93 Bn
2 Altria 120.77 Bn 117.29 Bn 3.51 Bn 2.48 Bn
3 British American Tobacco p.l.c 45.84 Bn 40.53 Bn - 16.88 Bn
4 Turning Point Brands 1.66 Bn 1.49 Bn 68.30 Mn 35.89 Mn
5 Universal 1.35 Bn 1.30 Bn 98.47 Mn 288.07 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 5.01 Mn
8 Rythm 54.37 Mn 21.11 Mn 10.40 Mn 73.97 Mn
9 Greenlane Holdings 11.69 Mn -26.54 Mn 217,000.00 5.35 Mn
10 22nd Century 2.50 Mn -7.04 Mn -636,000.00 1.03 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 123.30 Mn
Dec 31, 2024 63.99 Mn
Dec 31, 2023 15.32 Mn
Dec 31, 2022 37.87 Mn
Dec 31, 2021 201.59 Mn
Dec 31, 2020 359.70 Mn
Dec 31, 2019 120.25 Mn