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RLX Technology ( (RLX) ) has provided an update.
RLX Technology reported unaudited results on March 13, 2026, showing strong growth for the fourth quarter and full year 2025, driven largely by international expansion and contributions from an acquired entity. Fourth-quarter 2025 net revenues rose 40.3% year on year to RMB1,141.3 million, gross margin improved to 31.4%, and U.S. GAAP net income jumped 124.8% to RMB286.3 million, with international business accounting for 76.5% of quarterly revenue.
For fiscal 2025, net revenues climbed 44.0% to RMB3,958.9 million and gross margin increased to 29.9%, while non‑GAAP income from operations more than doubled and U.S. GAAP net income grew 65.6% to RMB934.4 million. Management highlighted operating leverage from an optimized revenue mix, supply chain efficiencies, and a recovering Mainland China market, alongside more than US$500 million returned to shareholders, underscoring improved profitability and a stronger global competitive position going into 2026.
The most recent analyst rating on (RLX) stock is a Buy with a $3.00 price target. To see the full list of analyst forecasts on RLX Technology stock, see the RLX Stock Forecast page.
Spark’s Take on RLX Stock
According to Spark, TipRanks’ AI Analyst, RLX is a Outperform.
RLX Technology’s strong financial performance and positive earnings call are the primary drivers of its stock score. The company’s robust international growth and financial stability are significant strengths. However, the high valuation and challenges in Mainland China and the UK slightly temper the overall outlook.
To see Spark’s full report on RLX stock, click here.
More about RLX Technology
RLX Technology Inc. is a leading global branded e‑vapor company headquartered in Shenzhen, China, focused on providing harm‑reduction alternatives to adult smokers. The company has been expanding internationally, with a growing revenue contribution from overseas markets and an emphasis on regulatory compliance and responsible operations in both China and abroad.
Average Trading Volume: 2,282,268
Technical Sentiment Signal: Buy
Current Market Cap: $2.77B
See more insights into RLX stock on TipRanks’ Stock Analysis page.