RLX Technology Reports Strong Q4 and Full-Year 2025 Results with Significant Revenue and Net Income Growth

summarizeSummary

RLX Technology Inc. reported strong fourth quarter and full fiscal year 2025 financial results, showcasing significant revenue and net income growth, improved gross margins, and successful international expansion.

check_boxKey Events

• Strong Q4 2025 Performance

  Net revenues increased by 40.3% to US$163.2 million, and U.S. GAAP net income surged by 124.8% to US$40.9 million in the fourth quarter of 2025 compared to the same period in 2024.

• Significant Full-Year 2025 Growth

  For the full fiscal year 2025, net revenues grew by 44.0% to US$566.1 million, and U.S. GAAP net income rose by 65.6% to US$133.6 million year-over-year.

• Improved Profitability

  Gross margin increased to 31.4% in Q4 2025 from 27.0% in Q4 2024, and to 29.9% for the full year 2025 from 26.4% in the prior year, driven by a favorable revenue mix and supply chain optimization.

• International Expansion Drives Revenue

  International business contributed significantly, representing 76.5% of net revenues in Q4 2025, alongside a solid recovery in Mainland China operations.

auto_awesomeAnalysis

RLX Technology Inc. delivered robust financial performance for both the fourth quarter and the full fiscal year 2025. The company achieved substantial growth in net revenues and net income, driven by successful international expansion and a recovery in the Mainland China market due to intensified customs enforcement. The significant increase in gross margin also highlights improved operational efficiency and a favorable revenue mix. This filing provides the full, detailed financial statements and management commentary following the earlier news wire announcement of robust results, confirming a strong operational trajectory and commitment to shareholder returns.