RLX
RLX Technology Inc.
Next earnings Aug 20, 2026 · consensus $0.64 EPS, $1.21B rev
$1.93
▲ +2.66%$1.93▼ -8.52%
over 1Y
L $1.79H $2.61
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+2.7%
1W+7.8%
1M-6.8%
3M-11.9%
YTD-13.2%
1Y-8.5%
Buy
Conviction
Horizon
Medium (3–12mo)
Street · 8 analysts
Buy
Revenue grew 50.3% YoY.
Revenue (FY2025) $566M · FY2025
The read
Quality fundamentals and an attractive price line up (~97% below fair value) — the rarer case where both the business and the entry look good.
RLX Technology Inc. shows $566M in FY2025 revenue (+50.3% YoY), a 23.3% net margin, and 5.9% ROE.
Supporting the case: revenue grew 50.3% YoY; strong net margin (23.3%); conservative balance sheet (liabilities/equity 0.14x).
Is RLX a buy? The one-page verdict, explained →
The options angle
model · matches our verdictBull call spread (wide)~60d expiry
- Long call 2 @ ~0.08 est
- Short call 2 @ ~0.08 est
debit $0max +$0max $0
High-conviction BUY: a wider spread keeps more of the upside while the short call still cuts cost and decay.
Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.34B | $773M | $223M | $377M | $566M |
| Gross profit | $576M | $334M | $54.6M | $99.5M | $169M |
| Operating income | $361M | $154M | -$70.0M | -$14.7M | $47.0M |
| Net income | $318M | $209M | $75.3M | $75.6M | $132M |
| Diluted EPS | $0.23 | $0.16 | $0.06 | $0.06 | $0.10 |
| Net margin | 23.8% | 27.0% | 33.7% | 20.1% | 23.3% |
10-year statements — income, cash flow, balance sheet & CSV export →
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$1.60B
EV / EBITDA—
EV / Sales2.8
EV / FCF11.4
P / FCF16.7
PEG (trailing)0.26
Earnings yield5.6%
FCF yield6.0%
Quality & risk
ROIC (est.)1.7%
Free cash flow$141M
Total debt$13.2M
Net cash$754M
Altman Z-Score5.72 safe
Piotroski F-Score7/8
Capital returns
Buyback yield1.1%
Dividend yield (est.)0.6%
Shareholder yield1.7%
Shares Δ YoY-1.4%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Recent filings
all on EDGAR ↗6-KPeriod ending 2026-05-202026-05-20open ↗20-FPeriod ending 2025-12-312026-04-23open ↗3Period ending 2026-03-182026-03-18open ↗3Period ending 2026-03-182026-03-18open ↗3Period ending 2026-03-182026-03-18open ↗3Period ending 2026-03-182026-03-18open ↗3Period ending 2026-03-182026-03-18open ↗3Period ending 2026-03-182026-03-18open ↗SCHEDULE 13G/AFiling2026-03-18open ↗6-KPeriod ending 2026-03-132026-03-13open ↗6-KPeriod ending 2025-12-312025-12-31open ↗6-KPeriod ending 2025-11-142025-11-14open ↗
Frequently asked
- Is RLX Technology Inc. (RLX) a buy?
- RLX currently carries a Buy rating with 5/5 conviction, derived from its latest SEC filings. Revenue grew 50.3% YoY.
- What is RLX's fair value?
- A Modified-Graham model based on RLX's SEC fundamentals estimates a fair value of about $3.80. It is an estimate from reported earnings, not a price target.
- Is RLX overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, RLX currently appears undervalued relative to its SEC-grounded earnings power.
- What is RLX Technology Inc.'s quality score?
- RLX scores 72.00040675844805/100 (grade B) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001828365, latest 6-K filed 2026-05-20) · EODHD · as of 7/5/2026, 7:24:29 AM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
Rule-based analysis, generated automatically from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jul 5, 2026, 3:24 AM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.