RLX Technology (NYSE:RLX) Issues Quarterly Earnings Results

RLX Technology (NYSE:RLX) issued its quarterly earnings results on Wednesday. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03, Zacks reports. RLX Technology had a net margin of 23.27% and a return on equity of 5.74%. The firm had revenue of $230.01 million for the quarter, compared to analysts’ expectations of $166.99 million.

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 Stock Performance

RLX Technology stock opened at $2.10 on Thursday. The stock has a 50-day simple moving average of $2.18 and a 200 day simple moving average of $2.30. The stock has a market capitalization of $3.26 billion, a P/E ratio of 23.39 and a beta of 1.16. RLX Technology has a 52 week low of $1.95 and a 52 week high of $2.84.

Institutional Trading of RLX Technology

A number of hedge funds have recently made changes to their positions in RLX. Schonfeld Strategic Advisors LLC bought a new stake in RLX Technology in the 4th quarter valued at $26,000. Insigneo Advisory Services LLC bought a new position in shares of RLX Technology in the fourth quarter valued at about $29,000. SmartHarvest Portfolios LLC acquired a new stake in shares of RLX Technology during the 4th quarter worth about $40,000. BNP Paribas Financial Markets bought a new stake in shares of RLX Technology during the 3rd quarter worth about $60,000. Finally, Cresset Asset Management LLC bought a new stake in shares of RLX Technology during the 3rd quarter worth about $66,000. 22.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

About RLX Technology

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.