RLX
RLX Technology Inc.
NYSEUSDEQUITY
Consumer Defensive
DELAYED
Sell
-36/100
Last price
1.70
▼ 0.02 (1.16%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
Lower pane
Overlay another symbol
Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
1.70
Prev close
1.72
Day high
1.72
Day low
1.70
Volume
1.05M
Market cap
$2.08B
P/E (TTM)
15.45
52W range
1.65 – 2.60
Day trading desk
Gap from prior close
-1.16%
Prior close 1.72
VWAP
1.71
-0.33% from price
Relative volume
0.58×
Quiet session
Session range
1.18%
1.70 – 1.72
Position in range
0%
Near session low
ATR (14D)
0.04
2.61% of price
Prior day high
1.74
PDH
Prior day low
1.70
PDL
Bid / ask spread
—
Quote not published
Session volume
1.85M
Avg 3.17M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
0.00%
-1.9%
1M
-5.56%
-6.7%
3M
-12.82%
-17.3%
6M
-20.19%
-38.4%
YTD
-27.04%
-41.3%
1Y
-32.81%
-49.2%
3Y
+12.58%
-69.7%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on RLX open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
1.09B
Total on file
Fundamentals
Market cap$2.08B
Enterprise value$-6.32B
Revenue (TTM)$4.50B
Gross profit$1.57B
EBITDA$657.50M
Net income$984.59M
EPS (TTM)$0.11
Free cash flow$-621.44M
Total cash$8.76B
Total debt$244.04M
Book value / share$1.89
Shares outstanding913.54M
Float334.46M
Short % of float2.16%
Dividend yield5.88%
Beta (5Y)1.13
Valuation & profitability ratios
Trailing P/E15.45
Forward P/E10.44
PEG ratio—
Price / sales—
Price / book0.90
EV / revenue-1.40
EV / EBITDA-9.61
Gross margin34.94%
Operating margin14.22%
Profit margin21.87%
Return on equity6.33%
Return on assets2.14%
Debt / equity1.56
Current ratio10.61
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $3.62B | $2.44B | $1.24B | $5.28B | +48.0% |
| Operating revenue | $3.74B | $2.61B | $1.51B | $5.17B | +43.4% |
| Cost of revenue | $2.43B | $1.72B | $856.33M | $2.97B | +41.7% |
| Gross profit | $1.18B | $726.52M | $387.71M | $2.31B | +62.9% |
| Research & development | $131.01M | $88.31M | $172.69M | $317.11M | +48.4% |
| Selling, general & admin | $724.04M | $745.35M | $711.74M | $924.61M | -2.9% |
| Total operating expense | $855.05M | $833.66M | $884.42M | $1.24B | +2.6% |
| Operating income | $328.56M | -$107.14M | -$496.71M | $1.06B | +406.6% |
| Net interest income | $560.42M | $616.39M | $627.88M | $180.73M | -9.1% |
| Pre-tax income | $1.05B | $658.80M | $591.74M | $1.78B | +59.9% |
| Tax provision | $118.99M | $94.46M | $50.76M | $371.58M | +26.0% |
| Net income | $921.87M | $551.84M | $534.33M | $1.44B | +67.1% |
| Net income to common | $921.87M | $551.84M | $534.33M | $1.44B | +67.1% |
| Basic EPS | 0.70 | 0.45 | 0.41 | 1.09 | +55.8% |
| Diluted EPS | 0.70 | 0.43 | 0.40 | 1.09 | +63.1% |
| EBIT | $328.56M | -$107.14M | -$496.71M | $1.06B | +406.6% |
| EBITDA | $420.08M | -$31.35M | -$400.11M | $1.23B | +1,440.0% |
| Basic shares | 1.22B | 1.23B | 1.31B | 1.32B | -0.7% |
| Diluted shares | 1.22B | 1.29B | 1.34B | 1.33B | -5.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $5.37B | $5.59B | $2.39B | $1.27B | -4.0% |
| Cash & short-term investments | $10.00B | $8.49B | $8.11B | $10.79B | +17.8% |
| Accounts receivable | $194.52M | $83.21M | $67.38M | $54.38M | +133.8% |
| Inventory | $297.68M | $142.55M | $144.85M | $130.90M | +108.8% |
| Total current assets | $11.20B | $9.30B | $8.98B | $11.20B | +20.5% |
| Property, plant & equipment | $353.76M | $81.95M | $136.64M | $162.88M | +331.7% |
| Goodwill & intangibles | $780.32M | $112.38M | $136.28M | $7.55M | +594.4% |
| Total assets | $17.93B | $16.87B | $16.32B | $16.38B | +6.3% |
| Total current liabilities | $1.97B | $857.85M | $668.67M | $789.83M | +129.1% |
| Current debt | $107.59M | $40.00M | — | — | +169.0% |
| Total debt | $191.85M | $58.50M | $53.85M | $85.92M | +228.0% |
| Total liabilities | $2.20B | $881.10M | $716.68M | $838.45M | +149.5% |
| Retained earnings | $4.12B | $4.22B | $3.77B | $3.32B | -2.4% |
| Shareholder equity | $15.63B | $15.99B | $15.61B | $15.57B | -2.2% |
| Working capital | $9.24B | $8.44B | $8.32B | $10.41B | +9.4% |
| Net tangible assets | $14.85B | $15.88B | $15.47B | $15.56B | -6.4% |
| Shares issued | 1.57B | 1.57B | 1.57B | 1.79B | 0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $934.38M | $564.34M | $540.99M | $1.41B | +65.6% |
| Depreciation & amortisation | $91.52M | $75.80M | $96.60M | $164.46M | +20.7% |
| Stock-based compensation | $186.24M | $369.65M | $362.87M | $166.16M | -49.6% |
| Change in working capital | -$102.23M | -$120.64M | -$307.86M | -$1.40B | +15.3% |
| Operating cash flow | $1.10B | $854.35M | $198.70M | $486.83M | +29.3% |
| Capital expenditure | -$118.72M | -$12.26M | -$32.41M | -$44.57M | -868.1% |
| Investing cash flow | -$822.19M | $3.02B | $2.09B | -$4.13B | -127.2% |
| Share buybacks | -$183.93M | -$589.36M | -$996.63M | -$500.37M | +68.8% |
| Dividends paid | -$91.47M | -$88.84M | -$92.38M | $0 | -3.0% |
| Financing cash flow | -$282.75M | -$678.03M | -$1.19B | -$477.27M | +58.3% |
| Free cash flow | $985.83M | $842.09M | $166.29M | $442.26M | +17.1% |
| End cash position | $5.55B | $5.64B | $2.42B | $1.29B | -1.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $916.89M | $1.47B | $1.08B | $1.03B | $794.12M | -37.6% |
| Operating revenue | $1.01B | $1.59B | $925.34M | $1.13B | $879.95M | -36.3% |
| Cost of revenue | $559.06M | $965.45M | $722.80M | $681.29M | $552.04M | -42.1% |
| Gross profit | $357.83M | $504.26M | $358.02M | $352.56M | $242.08M | -29.0% |
| Research & development | $29.36M | $30.38M | $32.63M | $41.25M | $30.07M | -3.4% |
| Selling, general & admin | $198.09M | $229.25M | $206.47M | $218.06M | $173.06M | -13.6% |
| Total operating expense | $227.45M | $259.62M | $239.11M | $259.31M | $203.12M | -12.4% |
| Operating income | $130.38M | $244.63M | $118.91M | $93.25M | $38.96M | -46.7% |
| Net interest income | $109.12M | $113.82M | $141.95M | $139.67M | $142.85M | -4.1% |
| Pre-tax income | $246.85M | $339.41M | $302.71M | $252.77M | $246.97M | -27.3% |
| Tax provision | $24.85M | $45.26M | $16.39M | $45.95M | $28.47M | -45.1% |
| Net income | $217.75M | $284.14M | $279.55M | $203.16M | $217.12M | -23.4% |
| Net income to common | $217.75M | $284.14M | $279.55M | $203.16M | $217.12M | -23.4% |
| Basic EPS | 0.18 | 0.23 | 0.17 | 0.17 | 0.18 | -22.9% |
| Diluted EPS | 0.17 | 0.22 | 0.17 | 0.16 | 0.17 | -22.7% |
| EBIT | $130.38M | $244.63M | $118.91M | $93.25M | $38.96M | -46.7% |
| EBITDA | $130.38M | $244.63M | $118.91M | $93.25M | $38.96M | -46.7% |
| Basic shares | 1.23B | 1.23B | 1.23B | 1.22B | 1.22B | -0.5% |
| Diluted shares | 1.31B | 1.31B | 1.23B | 1.30B | 1.31B | -0.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $4.63B | $4.26B | $5.37B | $3.46B | $3.86B | +8.6% |
| Cash & short-term investments | $8.76B | $9.50B | $10.00B | $8.47B | $7.41B | -7.8% |
| Accounts receivable | $343.33M | $339.27M | $194.52M | $209.58M | $245.07M | +1.2% |
| Inventory | $416.25M | $372.44M | $297.68M | $230.95M | $227.86M | +11.8% |
| Total current assets | $10.79B | $11.55B | $11.20B | $9.58B | $8.37B | -6.6% |
| Property, plant & equipment | $339.63M | $325.67M | $353.76M | $228.74M | $228.59M | +4.3% |
| Goodwill & intangibles | $745.16M | $758.22M | $780.32M | $796.69M | $816.77M | -1.7% |
| Total assets | $16.85B | $17.56B | $17.93B | $17.43B | $17.49B | -4.0% |
| Total current liabilities | $1.02B | $1.35B | $1.97B | $1.03B | $1.00B | -24.9% |
| Current debt | $165.17M | $135.17M | $107.59M | $113.34M | $104.11M | +22.2% |
| Total debt | $244.04M | $211.57M | $191.85M | $165.46M | $158.05M | +15.3% |
| Total liabilities | $1.23B | $1.57B | $2.20B | $1.24B | $1.25B | -21.7% |
| Retained earnings | — | — | $4.12B | — | — | — |
| Shareholder equity | $15.51B | $15.88B | $15.63B | $16.10B | $16.15B | -2.3% |
| Working capital | $9.77B | $10.20B | $9.24B | $8.55B | $7.36B | -4.2% |
| Net tangible assets | $14.77B | $15.12B | $14.85B | $15.30B | $15.33B | -2.4% |
| Shares issued | 1.22B | 1.55B | 1.57B | 1.22B | 1.22B | -21.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Operating cash flow | -$63.23M | -$68.84M | $310.22M | $357.55M | $229.62M | +8.2% |
| Investing cash flow | $983.34M | -$116.33M | $1.32B | -$343.19M | -$816.50M | +945.3% |
| Financing cash flow | -$403.60M | -$863.71M | $399.97M | -$370.20M | -$326.95M | +53.3% |
| Free cash flow | -$63.23M | -$68.84M | $191.50M | $357.55M | $229.62M | +8.2% |
| End cash position | $4.84B | $4.44B | $5.55B | $3.58B | $3.96B | +9.0% |
Options analytics
Put / call volume
1.94
Put-heavy session
Put / call open interest
0.01
Positioning, not flow
Max pain
4.00
+135.3% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
67
Contracts, this expiry
Put volume
130
Contracts, this expiry
Heaviest call OI
4.00
406 contracts
Heaviest put OI
0.50
2 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.63 | 0.18 | -71.6% |
| Mar 2026 | 0.21 | 0.26 | +22.9% |
| Dec 2025 | 0.23 | 0.20 | -13.9% |
| Sep 2025 | 0.22 | 0.22 | +2.0% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.23 | 1 | $1.75B | +54.8% |
| Next quarter | -0.14 | 1 | $1.77B | +54.8% |
| Current year | 0.90 | 5 | $5.89B | +48.8% |
| Next year | 1.09 | 6 | $7.30B | +23.9% |
Analyst targets & ownership
Mean target$2.78
High target$3.24
Low target$2.10
Implied upside63.46%
Analyst count6
ConsensusNONE
Strong buy / Buy0 / 5
Hold1
Sell / Strong sell0 / 0
Held by insiders88.70%
Held by institutions29.82%
Institutions holding135
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
1.70
-0.18% from price
SMA 20
1.72
-1.22% from price
SMA 50
1.82
-6.78% from price
SMA 100
1.91
-10.95% from price
SMA 200
2.08
-18.43% from price
EMA 12
1.71
-0.70% from price
EMA 26
1.74
-2.58% from price
EMA 50
1.80
-5.76% from price
RSI (14)
40.5
Neutral
MACD (12,26,9)
-0.03
Hist 0.01
ATR (14)
0.04
2.61% of price
Realised vol 30D
22.6%
Annualised
Bollinger upper
1.78
20, 2σ
Bollinger lower
1.67
20, 2σ
50 / 200 cross
Death
1.82 vs 2.08
Trend bias
Below 200
-18.43%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.43
Less volatile than market
Correlation to SPY
0.19
Largely independent
Realised vol 30D
22.6%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-34.6%
Peak to trough
Max drawdown 5Y
-84.3%
Peak to trough
ATR 14
0.04
2.61% of price
Beta (reported)
1.13
5Y monthly, from filing
Short interest
Shares short
9.64M
Prior 5.23M
Change vs prior
+84.5%
Shorts adding
% of float
2.16%
Normal
% of shares out
0.79%
Against total outstanding
Days to cover
2.7
Liquid
Float
334.46M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 16, 26 | Citigroup | MAINTAINED | Neutral | Neutral |
| May 19, 25 | Citigroup | MAINTAINED | Neutral | Neutral |
| Mar 17, 25 | Citigroup | DOWNGRADE | Buy | Neutral |
| Mar 18, 24 | Citigroup | MAINTAINED | Buy | Buy |
| Aug 8, 23 | UBS | INITIATED | — | Buy |
| Mar 13, 23 | Citigroup | MAINTAINED | — | Buy |
| Nov 1, 21 | B of A Securities | INITIATED | — | Neutral |
| Mar 12, 21 | Citigroup | INITIATED | — | Buy |
Dividends & splits
Forward rate$0.10 / yr
Forward yield5.88%
5-year avg yield0.52%
Payout ratio106.13%
Ex-dividend dateJan 26, 2026
Next pay dateFeb 9, 2026
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
6-K · 2026-08-14
Corporate Changes & Voting Matters
6-K · 2026-05-20
Periodic Financial Reports
20-F · 2026-04-23
Corporate Changes & Voting Matters
6-K · 2026-03-13
Corporate Changes & Voting Matters
6-K · 2025-12-31
Corporate Changes & Voting Matters
6-K · 2025-11-14
Corporate Changes & Voting Matters
6-K · 2025-08-22
Periodic Financial Reports
20-F · 2025-04-17
Headlines
RLX Technology (RLX) Bets Big On Europe And Nicotine Pouches
Insider Monkey · 40d ago
AIR Global Reports 1H Revenue & Gross Profit Growth, Maintains 2026 Guidance
Exec Edge · 48d ago
RLX Technology Inc (RLX) (Q2 2026) Earnings Call Highlights: International Expansion Drives 14. ...
GuruFocus.com · 50d ago
RLX Technology Q2 Earnings Call Highlights
MarketBeat · 54d ago
RLX Technology Announces Unaudited Second Quarter 2026 Financial Results
PR Newswire · 54d ago
RLX Technology to Report Second Quarter 2026 Financial Results on August 14, 2026
PR Newswire · 63d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.