RLX Technology (RLX) Research & Development (2019 - 2026)
RLX Technology (RLX) posted Research & Development of -$4.4 million for Q1 2026, up 5.66% on a QoQ basis from -$4.7 million in Q4 2025, and down 18.11% year-over-year from -$5.4 million in Q1 2025.
RLX Technology (RLX) Research & Development (2019 - 2026) Analysis & Trends
RLX Technology's Research & Development history runs 8 years deep, the most recent figure standing at -$4.4 million for Q1 2026.
- Quarterly Research & Development fell 18.11% year-over-year to -$4.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$19.1 million (down 63.75% YoY) and the FY2025 annual result came in at $18.7 million, up 54.85% from the prior year.
- Research & Development was -$4.4 million for Q1 2026 at RLX Technology, up from -$4.7 million in the prior quarter.
- Across five years, Research & Development topped out at $5000.0 in Q2 2024 and bottomed at -$18.8 million in Q4 2022.
- A 5-year average of -$6.2 million and a median of -$4.4 million in 2026 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2024 — Research & Development jumped 100.08% — and 2025, when it slumped 84040.0%.
- RLX Technology's Research & Development stood at -$18.8 million in 2022, then surged by 83.58% to -$3.1 million in 2023, then slumped by 43.76% to -$4.4 million in 2024, then dropped by 5.23% to -$4.7 million in 2025, then grew by 5.66% to -$4.4 million in 2026.
- Business Quant data shows RLX's Research & Development at -$4.4 million in Q1 2026, -$4.7 million in Q4 2025, and -$5.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 300.23 Bn | 294.78 Bn | 6.91 Bn | - |
| 2 | British American Tobacco p.l.c | 133.32 Bn | 128.01 Bn | - | - |
| 3 | Altria | 121.70 Bn | 118.17 Bn | 3.51 Bn | - |
| 4 | RLX Technology | 2.50 Bn | 1.83 Bn | 73.10 Mn | -4.40 Mn |
| 5 | Turning Point Brands | 1.47 Bn | 1.43 Bn | 68.30 Mn | - |
| 6 | Universal | 1.35 Bn | 1.11 Bn | 98.47 Mn | - |
| 7 | Ispire Technology | 89.38 Mn | 71.30 Mn | 1.99 Mn | 1.09 Mn |
| 8 | Rythm | 42.81 Mn | 9.55 Mn | 10.40 Mn | - |
| 9 | VPR Brands | 11.01 Mn | 8.30 Mn | 138,574.00 | - |
| 10 | Greenlane Holdings | 8.50 Mn | -29.73 Mn | 217,000.00 | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -4.40 Mn |
| Dec 31, 2025 | -4.67 Mn |
| Sep 30, 2025 | -5.79 Mn |
| Jun 30, 2025 | -4.20 Mn |
| Mar 31, 2025 | -3.73 Mn |
| Dec 31, 2024 | -4.44 Mn |
| Sep 30, 2024 | -3.48 Mn |
| Jun 30, 2024 | 5,000.00 |
| Mar 31, 2024 | -4.37 Mn |
| Dec 31, 2023 | -3.09 Mn |
| Sep 30, 2023 | -4.22 Mn |
| Jun 30, 2023 | -5.97 Mn |
| Mar 31, 2023 | -11.17 Mn |
| Dec 31, 2022 | -18.78 Mn |
| Sep 30, 2022 | -6.46 Mn |
| Jun 30, 2022 | -17.55 Mn |
| Mar 31, 2022 | -3.79 Mn |
| Dec 31, 2021 | -2.79 Mn |
| Sep 30, 2021 | 6.92 Mn |
| Jun 30, 2021 | 761,000.00 |