RLX Technology (RLX) Research & Development (2019 - 2026)
RLX Technology (RLX) recorded Research & Development of -$4.33 million in the quarter ended Jun 30, 2026, compared with -$4.2 million a year earlier.
Powered by 
Analysis
RLX Technology (RLX) Research & Development (2019 - 2026) Analysis & Trends
On a TTM basis, RLX Technology's Research & Development came in at -$19.19 million as of Jun 30, 2026; for the year ended Dec 31, 2025, it came in at -$18.73 million.
- Across earlier years, Research & Development came in at -$12.1 million in the year ended Dec 31, 2024, -$24.32 million in the year ended Dec 31, 2023, -$45.98 million in the year ended Dec 31, 2022 and $28.23 million in the year ended Dec 31, 2021 (-38.4%).
- Quarterly Research & Development has ranged from -$18.78 million in the quarter ended Dec 31, 2022 to $6.92 million in the quarter ended Sep 30, 2021 over the past five years.
- Per Business Quant, the preceding three quarters came in at -$4.4 million (quarter ended Mar 31, 2026), -$4.67 million (quarter ended Dec 31, 2025) and -$5.79 million (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.14 Bn | 283.71 Bn | 7.66 Bn | - |
| 2 | British American Tobacco p.l.c | 129.64 Bn | 108.78 Bn | - | - |
| 3 | Altria | 115.45 Bn | 101.65 Bn | 3.82 Bn | - |
| 4 | Curaleaf Holdings | 2.87 Bn | 2.47 Bn | 169.91 Mn | - |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn | -4.33 Mn |
| 6 | Trulieve Cannabis | 2.37 Bn | 989.63 Mn | 162.29 Mn | - |
| 7 | Green Thumb Industries | 1.53 Bn | 385.54 Mn | 137.87 Mn | - |
| 8 | Cronos | 1.26 Bn | -1.96 Bn | 28.45 Mn | 1.22 Mn |
| 9 | Turning Point Brands | 1.21 Bn | 343.16 Mn | 93.70 Mn | - |
| 10 | Verano Holdings | 871.29 Mn | 544.91 Mn | 99.70 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -4.33 Mn |
| 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 |
API Access
RLX Technology Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=RLX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "RLX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=RLX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();