RLX Technology (RLX) Research & Development (2019 - 2026)
RLX Technology's (RLX) quarterly Research & Development came in at -$4.4 million in Q1 2026, down 18.11% YoY from -$5.4 million in Q1 2025, and up 5.66% on a QoQ basis from -$4.7 million in Q4 2025.
RLX Technology (RLX) Research & Development (2019 - 2026) Analysis & Trends
RLX Technology (RLX) has 8 years of Research & Development data on file, last reported at -$4.4 million in 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 advanced to -$4.4 million in Q1 2026, from -$4.7 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $5000.0 in Q2 2024 to a low of -$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 tumbled 84040.0%.
- Tracing RLX's Research & Development over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 293.70 Bn | 287.70 Bn | 7.66 Bn | - |
| 2 | British American Tobacco p.l.c | 121.88 Bn | 118.19 Bn | - | - |
| 3 | Altria | 110.55 Bn | 108.18 Bn | 3.82 Bn | - |
| 4 | RLX Technology | 2.21 Bn | 1.47 Bn | 52.74 Mn | -4.33 Mn |
| 5 | Turning Point Brands | 1.69 Bn | 1.42 Bn | 93.70 Mn | - |
| 6 | Universal | 1.12 Bn | 848.43 Mn | 83.09 Mn | - |
| 7 | Ispire Technology | 85.42 Mn | 66.19 Mn | 1.99 Mn | 1.09 Mn |
| 8 | Rythm | 49.98 Mn | 8.07 Mn | 18.54 Mn | - |
| 9 | Greenlane Holdings | 12.48 Mn | -12.02 Mn | 32,000.00 | - |
| 10 | VPR Brands | 8.26 Mn | 5.92 Mn | 161,075.00 | - |
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 |