RLX Technology (RLX) Research & Development (2019 - 2026)
RLX Technology (RLX) posted Research & Development of -$4.4 million for Q1 2026, up 5.66% quarter-over-quarter from -$4.7 million in Q4 2025, and down 18.11% year-on-year from -$5.4 million in Q1 2025.
RLX Technology (RLX) Research & Development (2019 - 2026) Analysis & Trends
RLX Technology (RLX) has reported Research & Development for 8 consecutive years, with -$4.4 million the latest figure, recorded in Q1 2026.
- Research & Development for Q1 2026 came in at -$4.4 million, down 18.11% year-over-year; the trailing twelve-month figure through Mar 2026 was -$19.1 million (down 63.75% YoY), and the FY2025 annual result was $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.
- Over five years, Research & Development peaked at $5000.0 in Q2 2024 and troughed at -$18.8 million in Q4 2022.
- Average Research & Development over 5 years is -$6.2 million, with a median of -$4.4 million recorded in 2026.
- Year-over-year, Research & Development soared 100.08% in 2024 and sank 84040.0% in 2025.
- Over 5 years, Research & Development stood at -$18.8 million in 2022, then soared by 83.58% to -$3.1 million in 2023, then tumbled by 43.76% to -$4.4 million in 2024, then declined by 5.23% to -$4.7 million in 2025, then increased by 5.66% to -$4.4 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were -$4.4 million in Q1 2026, -$4.7 million in Q4 2025, and -$5.8 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Altria | 66.91 Bn | 63.43 Bn | 3.51 Bn | - |
| 2 | RLX Technology | 2.38 Bn | 1.75 Bn | 73.10 Mn | -4.40 Mn |
| 3 | Turning Point Brands | 1.68 Bn | 1.51 Bn | 68.30 Mn | - |
| 4 | Universal | 1.30 Bn | 1.29 Bn | 98.47 Mn | - |
| 5 | Ispire Technology | 65.31 Mn | 47.02 Mn | 1.99 Mn | - |
| 6 | Rythm | 54.80 Mn | 21.54 Mn | 10.40 Mn | - |
| 7 | Greenlane Holdings | 9.60 Mn | -28.63 Mn | 217,000.00 | - |
| 8 | VPR Brands | 4.59 Mn | 1.87 Mn | 138,574.00 | - |
| 9 | Lftd Partners | 2.96 Mn | 873,406.64 | -1.71 Mn | - |
| 10 | 22nd Century | 128,296.63 | -9.42 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 |