RLX Technology

RLX Technology Net Debt

The Net Debt of RLX Technology (RLX) as of Oct 25, 2026 is -10.07 B USD. In the previous year, Net Debt was -8.44 B USD — a change of 19.26% (lower).

Net Debt

-10.07 BUSD

YoY

19.26%

Last updated:

Net Debt of RLX Technology is 2025 -10.07 B USD. Net Debt of RLX Technology was 2024 -8.44 B USD. It decreases by 19.26% lower compared to the previous year.

The RLX Technology Net Debt history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Net Debt
Date
Net Debt
Jan 1, 2018
-66.86 M USD
Jan 1, 2019
275.59 M USD
Jan 1, 2020
-374.99 M USD
Jan 1, 2021
-12.77 B USD
Jan 1, 2022
-10.74 B USD
Jan 1, 2023
-8.04 B USD
Jan 1, 2024
-8.44 B USD
Jan 1, 2025
-10.07 B USD
The RLX Technology Net Debt history
YEARNet DebtYoY
-10.07 BUSD+19.26%
-8.44 BUSD+4.94%
-8.04 BUSD-25.12%
-10.74 BUSD-15.89%
-12.77 BUSD+3,305.99%
-374.99 MUSD-236.07%
275.59 MUSD-512.19%
-66.86 MUSD—

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RLX Technology Stock analysis

What does RLX Technology do? RLX Technology Inc. generates revenue through the sale of e-vapor products under various brand names including Qingyu, Phantom, Phantom Pro, Zeus, Leili, and Daqian for rechargeable models, and Feiliu and Feiliu Mega for disposable models. The company offers closed-system rechargeable products, open-system products, closed-system disposable products, and modern oral products to meet diverse consumer preferences. Sales are conducted via local channels, third-party distribution networks, co-managed distribution channels, and direct sales to online and offline end users in China and internationally. The business model relies on a mix of product categories and distribution strategies to reach both domestic and global markets. The company's product portfolio includes rechargeable e-vapor devices under the Qingyu, Phantom, Phantom Pro, Zeus, Leili, and Daqian brands, targeting users seeking reusable solutions. Disposable e-vapor products under Feiliu and Feiliu Mega cater to convenience-focused consumers. Closed-system products are designed for ease of use, while open-system options allow for customization. Modern oral products represent a newer segment within the company's offerings. Distribution channels include local partnerships, third-party logistics, and co-managed networks to ensure broad market coverage. RLX Technology Inc. serves a global customer base through its international presence, selling through local channels in China and other regions. The business model emphasizes direct engagement with end users via online and offline retail, supported by third-party and co-managed distribution. Revenue streams are derived from the sale of both rechargeable and disposable e-vapor products across multiple product categories, with a focus on expanding market reach through strategic channel partnerships. RLX Technology is one of the most popular companies on Eulerpool.

Frequently Asked Questions about RLX Technology stock

Net Debt of RLX Technology is -10.07 B USD in 2025.

Net Debt of RLX Technology changed from -8.44 B USD to -10.07 B USD, representing a 19.26% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Net Debt RLX Technology since 2006 – with annual values, charts, and detailed analysis.

Net debt is total debt minus cash and cash equivalents. It shows the actual debt burden after accounting for available liquid resources.

Net Debt's USD is a key factor for investors. Changes in this metric can signal improving or deteriorating fundamentals, directly impacting the stock price. On Eulerpool, you can track Net Debt's RLX Technology historically and in real time.

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Balance Sheet — RLX Technology

All Key Metrics — RLX Technology