RLX Technology (NYSE:RLX) Releases Earnings Results, Meets Estimates

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

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

RLX opened at $2.10 on Thursday. RLX Technology has a one year low of $1.95 and a one year high of $2.84. The business has a 50 day simple moving average of $2.18 and a two-hundred day simple moving average of $2.30. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 23.39 and a beta of 1.16.

Hedge Funds Weigh In On RLX Technology

Several institutional investors and hedge funds have recently added to or reduced their stakes in RLX. Mackenzie Financial Corp lifted its stake in RLX Technology by 40.4% during the 4th quarter. Mackenzie Financial Corp now owns 4,218,617 shares of the company’s stock valued at $9,642,000 after acquiring an additional 1,214,766 shares during the period. Empowered Funds LLC purchased a new position in shares of RLX Technology during the fourth quarter valued at approximately $167,000. XTX Topco Ltd lifted its position in RLX Technology by 152.6% during the fourth quarter. XTX Topco Ltd now owns 390,880 shares of the company’s stock valued at $911,000 after purchasing an additional 236,153 shares during the period. Millennium Management LLC lifted its position in RLX Technology by 15.6% during the fourth quarter. Millennium Management LLC now owns 207,609 shares of the company’s stock valued at $484,000 after purchasing an additional 28,052 shares during the period. Finally, Capitolis Liquid Global Markets LLC purchased a new stake in RLX Technology in the fourth quarter worth approximately $3,519,000. Hedge funds and other institutional investors own 22.68% of the company’s stock.

Analyst Ratings Changes

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

RLX Technology Company Profile

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.