RLX Technology (RLX) Research & Development (2019 - 2026)
RLX Technology (RLX) reported Research & Development of -$4.4 million for Q1 2026, down 18.11% on a YoY basis from -$5.4 million in Q1 2025, and up 5.66% quarter-over-quarter from -$4.7 million in Q4 2025.
RLX Technology (RLX) Research & Development (2019 - 2026) Analysis & Trends
RLX Technology has reported Research & Development for 8 years, with the latest figure at -$4.4 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development fell 18.11% year-over-year to -$4.4 million; the trailing twelve-month figure through Mar 2026 stood at -$19.1 million (down 63.75% YoY), and the FY2025 full-year result was $18.7 million, up 54.85% from the prior year.
- Research & Development for Q1 2026 stood at -$4.4 million, up from -$4.7 million in the prior quarter.
- The five-year high for Research & Development was $5000.0 in Q2 2024, with the low at -$18.8 million in Q4 2022.
- Historically, Research & Development has averaged -$6.2 million across 5 years, with a median of -$4.4 million in 2026.
- Annual changes were most pronounced in 2024 — Research & Development jumped 100.08% — and 2025, when it tumbled 84040.0%.
- RLX Technology's Research & Development stood at -$18.8 million in 2022, then soared by 83.58% to -$3.1 million in 2023, then plunged by 43.76% to -$4.4 million in 2024, then decreased by 5.23% to -$4.7 million in 2025, then advanced by 5.66% to -$4.4 million in 2026.
- The last three Research & Development figures came in at -$4.4 million (Q1 2026), -$4.7 million (Q4 2025), and -$5.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 277.78 Bn | 274.30 Bn | 6.91 Bn | - |
| 2 | Altria | 120.77 Bn | 117.29 Bn | 3.51 Bn | - |
| 3 | British American Tobacco p.l.c | 45.84 Bn | 40.53 Bn | - | - |
| 4 | Turning Point Brands | 1.66 Bn | 1.49 Bn | 68.30 Mn | - |
| 5 | Universal | 1.35 Bn | 1.30 Bn | 98.47 Mn | - |
| 6 | RLX Technology | 355.86 Mn | -269.04 Mn | 73.10 Mn | -4.40 Mn |
| 7 | Ispire Technology | 97.40 Mn | 79.11 Mn | 1.99 Mn | - |
| 8 | Rythm | 54.37 Mn | 21.11 Mn | 10.40 Mn | - |
| 9 | Greenlane Holdings | 11.69 Mn | -26.54 Mn | 217,000.00 | - |
| 10 | 22nd Century | 2.50 Mn | -7.04 Mn | -636,000.00 | 285,000.00 |
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 |