RLX 20-F SEC Filing Analysis

Latest settled — T+20d

RLX ▼ -4.55% at T+20d

LONG call ✗ call lost -4.55% · α vs SPY -9.18% · entry $2.20 → $2.10

Next anchor: T+60d in 5w

Currently $2.05 · -6.82% from $2.20 entry

Entry anchored
Apr 22, 03:59 PM ET
via Databento tick

T+1d

+1.82%

call +1.82% · α +1.03%

$2.24

settled 7w ago

T+5d

-2.73%

call -2.73% · α -4.21%

$2.14

settled 6w ago

T+20d

-4.55%

call -4.55% · α -9.18%

$2.10

settled 23d ago

T+60d

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call — · α —

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in 5w

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Executive Summary

RLX Technology's 2025 20-F filing confirms strong financial performance with fiscal year revenue up 44.0% to $566.1 million and net income up 65.6% to $133.6 million, driven by international expansion and improved domestic conditions. This positive data, previously disclosed in a 6-K, is now formally reported.

Actionable Insight

The strong 2025 results are already public, so this 20-F filing is unlikely to cause immediate price movement; however, traders should monitor the company's ability to maintain international growth momentum and manage regulatory challenges in China as key drivers for future performance.

Key Facts

Fiscal year 2025 net revenues were $566.1 million, a 44.0% increase from the prior year.
U.S. GAAP net income was $133.6 million, a 65.6% increase from the prior year.
Non-GAAP net income was $166.2 million, up 23.5% year-over-year.
The company returned over $500 million to shareholders cumulatively.

Financial Impact

Revenue increased by $177.8 million and net income by $49.1 million compared to 2024.

revenueepsnet income

Risk Factors

Regulatory changes in China could impact manufacturing capacity and product offerings.
International expansion exposes the company to new legal and operational risks.

Market Snapshot

Exchange

NYSE

Sector

Cigarettes

Documents Analyzed

This report is based on 3 SEC documents filed with EDGAR.

Document	Accession Number
20-F Filing (Primary)	0001104659-26-047278
Document: 0001104659-26-047278-index.html	0001104659-26-047278
Document: 0001104659-26-047278.txt	0001104659-26-047278

2 reports for RLX

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for RLX — sortable, filterable
	Type				Now
May 20, 2026 23d ago	6-K BULLISH ★ 7/10	$2.10 $1.98	▼ −5.71%	▼ −6.95%	$2.05 (−2.38%)
Apr 23, 2026 7w ago	20-F BULLISH ★ 5/10	$2.20 $2.14	▼ −2.73%	▼ −4.21%	$2.05 (−6.82%)

US Market Status

Market Closed — Opens Mon (49h 30m)

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