R&D expense · 2020–2025

RLX Technology R&D expense

$18.7M+54.9% · FY2025

RLX Technology (RLX) reported $18.7M in R&D expense for fiscal 2025, +54.9% year on year.

$45.9M2020$28.2M2021$46.0M2022$24.3M2023$12.1M2024$18.7M2025
RLX Technology — R&D expense, 2020–2025
Fiscal yearR&D expenseChangeFiling
FY20252025-12-31$18.7M+54.9%Open →
FY20242024-12-31$12.1M−50.3%Open →
FY20232023-12-31$24.3M−47.1%Open →
FY20222022-12-31$46.0M+62.9%Open →
FY20212021-12-31$28.2M−38.4%Open →
FY20202020-12-31$45.9M—Open →

R&D expense — Research and development expense is what the company charged to R&D in the income statement for the year. Most companies report no R&D at all — the line is absent rather than zero — so this ranking covers the roughly 40% of filers that do.

Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2020–2025 compound annual growth −16.4%

R&D expense at companies of similar size

Full ranking by R&D expense →

Cite this page

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

Wikipedia

{{cite web |title=RLX Technology R&D expense |url=https://companiesranked.com/en/company/rlx-technology/research-and-development-expense |website=CompaniesRanked |date=2026-09-25 |language=en}}

APA 7

CompaniesRanked. (September 25, 2026). RLX Technology R&D expense. CompaniesRanked. https://companiesranked.com/en/company/rlx-technology/research-and-development-expense

BibTeX

@misc{companiesranked-en-company-rlx-technology-research-and-development-expense-2026,
  author       = {{CompaniesRanked}},
  title        = {{RLX Technology R\&D expense}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/company/rlx-technology/research-and-development-expense}},
  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 R&D expense — 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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