RLX Technology (NYSE:RLX) Posts Earnings Results, Hits Estimates

RLX Technology (NYSE:RLXGet Free Report) posted its earnings results on Wednesday. The company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03, Zacks reports. The firm had revenue of $230.01 million during the quarter, compared to analysts’ expectations of $166.99 million. RLX Technology had a net margin of 20.76% and a return on equity of 6.19%.

Here are the key takeaways from RLX Technology’s conference call:

  • RLX reported a very strong Q1 2026, with net revenue of RMB 1.59 billion, up 96.2% year over year and 38.9% quarter over quarter, driven mainly by international growth and contribution from its acquired European business.
  • Profitability improved meaningfully, with gross margin rising to 31.8% and non-GAAP operating margin expanding to 19.6%, reflecting better product mix, supply chain optimization, and operating leverage.
  • Management said its Nexus smart manufacturing hub is now fully operational, and it should boost self-manufacturing capacity, quality control, speed of decision-making, and protection of proprietary technology.
  • The company highlighted a favorable regulatory backdrop in markets like the U.K., arguing that tighter rules on combustible cigarettes and higher compliance barriers could help established players like RLX gain share in regulated vape markets.
  • RLX said it remains focused on Europe and Asia, entered two new markets in Southeast Asia and Europe during the quarter, and is still selective on M&A while not pursuing an immediate U.S. launch or large-scale HNB investment.

RLX Technology Price Performance

Shares of NYSE RLX opened at $2.15 on Friday. The company has a 50 day simple moving average of $2.18 and a 200 day simple moving average of $2.29. The firm has a market cap of $3.32 billion, a PE ratio of 21.45 and a beta of 1.16. RLX Technology has a 1 year low of $1.95 and a 1 year high of $2.84.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RLX. Marshall Wace LLP raised its holdings in RLX Technology by 29.3% during the 2nd quarter. Marshall Wace LLP now owns 1,133,093 shares of the company’s stock worth $2,504,000 after purchasing an additional 257,103 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in RLX Technology by 53.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,804,284 shares of the company’s stock worth $8,407,000 after purchasing an additional 1,329,500 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in RLX Technology by 308.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 54,064 shares of the company’s stock worth $119,000 after purchasing an additional 40,819 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in RLX Technology by 11,091.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 808,589 shares of the company’s stock worth $2,127,000 after purchasing an additional 801,364 shares during the last quarter. Finally, Cresset Asset Management LLC bought a new position in RLX Technology during the 3rd quarter worth approximately $66,000. Institutional investors own 22.68% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on RLX shares. Citigroup dropped their price objective on shares of RLX Technology from $2.60 to $2.50 and set a “neutral” rating for the company in a report on Monday, March 16th. Wall Street Zen upgraded shares of RLX Technology from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of RLX Technology in a report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $2.50.

Get Our Latest Analysis on RLX Technology

RLX Technology Company Profile

(Get Free Report)

RLX Technology Inc (NYSE:RLX) is a China-based company specializing in electronic nicotine delivery systems. The company develops, manufactures and markets closed-pod vaping devices and prefilled cartridges, positioning its products as an alternative to traditional combustible tobacco. RLX emphasizes consistent nicotine delivery, flavor variety and convenience through its proprietary e-liquid formulations and device design.

RLX operates a vertically integrated business model that encompasses research and development, production, quality control and sales.

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Earnings History for RLX Technology (NYSE:RLX)

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