RLX Technology Inc. (RLX) Earnings History
Annual and quarterly earnings data from 2018 to 2024
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RLX EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
RLX Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2024 | 29.7% | -4.4% | 22.6% |
| 2023 | 31.2% | -39.9% | 43.0% |
| 2022 | 43.2% | 19.9% | 27.0% |
| 2021 | 43.1% | 27.0% | 23.8% |
| 2020 | 40.0% | 0.3% | -3.4% |
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RLX Technology Inc. (RLX) Earnings Overview
As of May 8, 2026, RLX Technology Inc. (RLX) reported trailing twelve-month net income of $764M, reflecting +7.5% year-over-year growth. The company earned $0.59 per diluted share over the past four quarters, with a net profit margin of 22.6%.
Looking at the long-term picture, RLX's 5-year EPS compound annual growth rate (CAGR) stands at +69.5%, indicating exceptional earnings growth. The company achieved its highest annual net income of $2.02B in fiscal 2021.
RLX Technology Inc. maintains industry-leading profitability with a gross margin of 29.7%, operating margin of -4.4%, and net margin of 22.6%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including MO ($8.05B net income, 34.5% margin), PM ($11.10B net income, 27.9% margin), BTI (-$10.75B net income, 11.9% margin), RLX has room to improve margins relative to the peer group. Compare RLX vs MO →
RLX Earnings vs Peers
Earnings metrics vs comparable public companies
RLX Historical Earnings Data (2018–2024)
7 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $552M | +3.3% | -$107M | $0.43 | 22.6% | -4.4% |
| 2023 | $534M | -62.9% | -$497M | $0.40 | 43.0% | -39.9% |
| 2022 | $1.44B | -28.8% | $1.06B | $1.09 | 27.0% | 19.9% |
| 2021 | $2.02B | +1680.6% | $2.30B | $1.44 | 23.8% | 27.0% |
| 2020 | -$128M | -368.3% | $13M | $-0.08 | -3.4% | 0.3% |
| 2019 | $48M | +16736.9% | $56M | $0.03 | 3.1% | 3.6% |
| 2018 | $-287,000 | - | $2M | $-0.00 | -0.2% | 1.7% |
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Start ComparisonRLX — Frequently Asked Questions
Quick answers to the most common questions about buying RLX stock.
Is RLX growing earnings?
RLX EPS stands at $0.59, with +7.5% growth matching the 5-year CAGR of +69.5%. TTM net income is $764M. Earnings trajectory remains consistent.
What are RLX's profit margins?
RLX Technology Inc. net margin is +22.6%, with operating margin at -4.4%. Above-average margins indicate pricing power.
How consistent are RLX's earnings?
RLX earnings data spans 2018-2024. The current earnings trend is +7.5% YoY. Historical data enables comparison across business cycles.