Rlx Technology Inc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Rlx Technology Inc has an operating margin of -3.9%, meaning the company retains $-4 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -31.3% the prior year.
Rlx Technology Inc's revenue surged 68.5% year-over-year to $376.6M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Rlx Technology Inc carries a low D/E ratio of 0.06, meaning only $0.06 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 10.84, Rlx Technology Inc holds $10.84 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Rlx Technology Inc converts 30.7% of revenue into free cash flow ($115.7M). This strong cash generation earns a score of 100/100.
Rlx Technology Inc generates a 3.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 14/100. This is up from 3.4% the prior year.
Rlx Technology Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Rlx Technology Inc generates $1.55 in operating cash flow ($117.0M OCF vs $75.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Rlx Technology Inc earns $-611.6 in operating income for every $1 of interest expense (-$14.7M vs $24K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Rlx Technology Inc (RLX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Rlx Technology Inc generated $376.6M in revenue in fiscal year 2024. This represents an increase of 68.5% from the prior year.
Rlx Technology Inc's EBITDA was -$9.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 85.5% from the prior year.
Rlx Technology Inc generated $115.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 381.7% from the prior year.
Rlx Technology Inc reported $75.6M in net income in fiscal year 2024. This represents an increase of 0.5% from the prior year.
Rlx Technology Inc earned $0.06 per diluted share (EPS) in fiscal year 2024. This represents an increase of 5.4% from the prior year.
Rlx Technology Inc held $766.3M in cash against $0 in long-term debt as of fiscal year 2024.
Rlx Technology Inc had 1.57B shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Rlx Technology Inc's gross margin was 26.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 2.0 percentage points from the prior year.
Rlx Technology Inc's operating margin was -3.9% in fiscal year 2024, reflecting core business profitability. This is up 27.4 percentage points from the prior year.
Rlx Technology Inc's net profit margin was 20.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 13.6 percentage points from the prior year.
Rlx Technology Inc's ROE was 3.5% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 0.0 percentage points from the prior year.
Rlx Technology Inc invested $12.1M in research and development in fiscal year 2024. This represents a decrease of 50.3% from the prior year.
Rlx Technology Inc spent $80.7M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 42.5% from the prior year.
Rlx Technology Inc invested $1.4M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 65.2% from the prior year.
RLX Income Statement
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 |
|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A |
RLX Balance Sheet
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 |
|---|---|---|---|---|---|
| Total Assets | $2.3B+0.6% | $2.3B-3.2% | $2.4B-7.5% | $2.6B+312.7% | $622.2M |
| Current Assets | $1.3B+0.7% | $1.3B-22.1% | $1.6B-25.8% | $2.2B+269.4% | $592.6M |
| Cash & Equivalents | $766.3M+127.6% | $336.7M+83.1% | $183.9M-77.5% | $817.4M+378.8% | $170.7M |
| Inventory | $19.5M-4.3% | $20.4M+7.5% | $19.0M-79.5% | $92.4M+83.3% | $50.4M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $8.2M-12.9% | $9.4M | N/A | N/A | N/A |
| Total Liabilities | $120.7M+19.6% | $100.9M-17.0% | $121.6M-72.8% | $446.7M+14.2% | $391.0M |
| Current Liabilities | $117.5M+24.8% | $94.2M-17.8% | $114.5M-73.3% | $429.6M+12.3% | $382.6M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $2.2B-0.4% | $2.2B-2.6% | $2.3B+6.4% | $2.1B+817.3% | $231.2M |
| Retained Earnings | $578.1M+9.0% | $530.4M+10.0% | $482.0M+60.9% | $299.5M+2494.1% | -$12.5M |
RLX Cash Flow Statement
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 |
|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A |
RLX Financial Ratios
| Metric | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 |
|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 10.84-2.6 | 13.44-0.7 | 14.18+9.1 | 5.10+3.5 | 1.55 |
| Debt-to-Equity | 0.060.0 | 0.050.0 | 0.05-0.2 | 0.21-1.5 | 1.69 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Rlx Technology Inc's annual revenue?
Rlx Technology Inc (RLX) reported $376.6M in total revenue for fiscal year 2024. This represents a 68.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Rlx Technology Inc's revenue growing?
Rlx Technology Inc (RLX) revenue grew by 68.5% year-over-year, from $223.4M to $376.6M in fiscal year 2024.
Is Rlx Technology Inc profitable?
Yes, Rlx Technology Inc (RLX) reported a net income of $75.6M in fiscal year 2024, with a net profit margin of 20.1%.
What is Rlx Technology Inc's earnings per share (EPS)?
Rlx Technology Inc (RLX) reported diluted earnings per share of $0.06 for fiscal year 2024. This represents a 5.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Rlx Technology Inc's EBITDA?
Rlx Technology Inc (RLX) had EBITDA of -$9.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Rlx Technology Inc's gross margin?
Rlx Technology Inc (RLX) had a gross margin of 26.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Rlx Technology Inc's operating margin?
Rlx Technology Inc (RLX) had an operating margin of -3.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Rlx Technology Inc's net profit margin?
Rlx Technology Inc (RLX) had a net profit margin of 20.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Rlx Technology Inc's return on equity (ROE)?
Rlx Technology Inc (RLX) has a return on equity of 3.5% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Rlx Technology Inc's free cash flow?
Rlx Technology Inc (RLX) generated $115.7M in free cash flow during fiscal year 2024. This represents a 381.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Rlx Technology Inc's operating cash flow?
Rlx Technology Inc (RLX) generated $117.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Rlx Technology Inc's total assets?
Rlx Technology Inc (RLX) had $2.3B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Rlx Technology Inc's capital expenditures?
Rlx Technology Inc (RLX) invested $1.4M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Rlx Technology Inc spend on research and development?
Rlx Technology Inc (RLX) invested $12.1M in research and development during fiscal year 2024.
Does Rlx Technology Inc buy back shares?
Yes, Rlx Technology Inc (RLX) spent $80.7M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Rlx Technology Inc have outstanding?
Rlx Technology Inc (RLX) had 1.57B shares outstanding as of fiscal year 2024.
What is Rlx Technology Inc's current ratio?
Rlx Technology Inc (RLX) had a current ratio of 10.84 as of fiscal year 2024, which is generally considered healthy.
What is Rlx Technology Inc's debt-to-equity ratio?
Rlx Technology Inc (RLX) had a debt-to-equity ratio of 0.06 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Rlx Technology Inc's return on assets (ROA)?
Rlx Technology Inc (RLX) had a return on assets of 3.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Rlx Technology Inc's Piotroski F-Score?
Rlx Technology Inc (RLX) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Rlx Technology Inc's earnings high quality?
Rlx Technology Inc (RLX) has an earnings quality ratio of 1.55x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Rlx Technology Inc cover its interest payments?
Rlx Technology Inc (RLX) has an interest coverage ratio of -611.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Rlx Technology Inc?
Rlx Technology Inc (RLX) scores 69 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.