RLX Technology (RLX)
NYSE:RLX
Earnings Data
Report Date
May 15, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.03Last Year’s EPS
0.02Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong top-line growth, margin expansion, sustained profitability, a fortress-like balance sheet (RMB 15.73 billion / ~USD 2.2 billion), and rapid international expansion (76.5% of Q4 revenue) driven by disciplined execution and AI-enabled operating leverage. Key challenges include ASP pressure from product-mix shifts, regional retail value contraction (notably the U.K.), regulatory and tax uncertainties, and near-term supply ramp constraints for new product categories. Overall, the positive financial results, cash generation, shareholder returns and broad global momentum substantially outweigh the manageable regulatory and mix-related headwinds.Company Guidance
Strong Revenue Growth
Fourth quarter net revenues reached RMB 1.14 billion, up 40.3% year-over-year; full year net revenues grew 44% to RMB 3.96 billion.
Robust Margin Expansion
Gross margin expanded to 31.4% in Q4 (from 27.0% a year ago) and full-year gross margin increased to 29.9%, driven by favorable product mix and optimized supply chain.
Sustained Profitability
Recorded ninth consecutive quarter of positive non-GAAP operating profit (RMB 158 million in Q4). Full-year non-GAAP operating income doubled to RMB 570 million and full-year non-GAAP net income rose to RMB 1.16 billion.
Exceptional Cash Position and Returns
Ended 2025 with total financial assets of RMB 15.73 billion (~USD 2.2 billion), generated RMB 1.1 billion in operating cash flow for the year, and maintained a negative cash conversion cycle of -15 days in Q4. Returned over USD 500 million to shareholders (USD 330 million share repurchases + USD 171 million cash dividends).
International Expansion Momentum
International sales comprised 76.5% of Q4 revenue. Management highlighted multidimensional global expansion with accelerated market entries and a replicable 'single store' model driving outsized share gains.
Rapid Channel and Retail Execution in East Asia
Launched two product series, opened 425 franchise stores, captured over 20% of the specialty store channel from a zero start in early 2025, and increased channel revenue by over 200% in those markets.
Strategic Progress in Europe
Invested in a leading European firm (May 2025), integrated the investment smoothly, increased wholesale shelf space, and made Western Europe a top strategic priority with tailored premium products and compliance-focused partnerships.
Product Diversification and New Categories
Began rolling out modern oral (nicotine pouch) products in Europe in H2 2025, ramping production at a new Southeast Asia facility with positive early feedback from consumers and distributors.
Operational Leverage via AI
Accelerating AI integration across product development and supply chain to predict preferences, speed launches, reduce routine headcount needs, and improve efficiency and margin protection.
Mainland China Recovery and Compliance
Domestic Mainland China revenue grew by over 20% in 2025, aided by stricter enforcement reducing the illegal market and by enhancements to product offerings and retail execution.
RLX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RLX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 13, 2026 | $2.27 | $2.25 | -0.88% |
Nov 14, 2025 | $2.23 | $2.46 | +10.30% |
Aug 22, 2025 | $2.14 | $2.29 | +7.15% |
May 16, 2025 | $1.86 | $1.90 | +2.09% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does RLX Technology (RLX) report earnings?
RLX Technology (RLX) is schdueled to report earning on May 15, 2026, Before Open (Confirmed).
What is RLX Technology (RLX) earnings time?
RLX Technology (RLX) earnings time is at May 15, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RLX EPS forecast?
RLX EPS forecast for the fiscal quarter 2026 (Q1) is 0.03.