Cost of revenue · 2020–2025

RLX Technology cost of revenue

$348M+47.9% · FY2025

RLX Technology (RLX) reported $348M in cost of revenue for fiscal 2025, +47.9% year on year.

$351M2020$761M2021$431M2022$121M2023$235M2024$348M2025
RLX Technology — Cost of revenue, 2020–2025
Fiscal yearCost of revenueChangeFiling
FY20252025-12-31$348M+47.9%Open →
FY20242024-12-31$235M+95.1%Open →
FY20232023-12-31$121M−72.0%Open →
FY20222022-12-31$431M−43.3%Open →
FY20212021-12-31$761M+116.6%Open →
FY20202020-12-31$351M—Open →

Cost of revenue — Cost of revenue is the direct cost of producing what the company sold — materials, manufacturing and the labour tied to delivery. It excludes sales, marketing and administration. Revenue minus this figure is gross profit.

Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2020–2025 compound annual growth −0.2%

Cost of revenue at companies of similar size

Cite this page

Ready-made references for the figures on this page, as published on September 25, 2026.

Wikipedia

{{cite web |title=RLX Technology cost of revenue |url=https://companiesranked.com/en/company/rlx-technology/cost-of-revenue |website=CompaniesRanked |date=2026-09-25 |language=en}}

APA 7

CompaniesRanked. (September 25, 2026). RLX Technology cost of revenue. CompaniesRanked. https://companiesranked.com/en/company/rlx-technology/cost-of-revenue

BibTeX

@misc{companiesranked-en-company-rlx-technology-cost-of-revenue-2026,
  author       = {{CompaniesRanked}},
  title        = {{RLX Technology cost of revenue}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/company/rlx-technology/cost-of-revenue}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

The filing itself

The numbers above are read from this document: 20-F · 0001104659-26-047278 · April 23, 2026

{{cite web |title=RLX Technology cost of revenue — 20-F (0001104659-26-047278) |url=https://www.sec.gov/Archives/edgar/data/1828365/000110465926047278/rlx-20251231x20f.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-04-23}}

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