RLX Technology Inc. Announces Unaudited First Quarter 2026 Financial Results

RLX Technology Inc. reported its unaudited financial results for the first quarter ended March 31, 2026. Net revenues increased by 96.2% year-over-year to RMB1,585.8 million (US$229.9 million). Gross margin improved to 31.8% from 28.6% in the prior year period. Non-GAAP income from operations surged by 187.9% to RMB310.3 million (US$45.0 million), and U.S. GAAP net income increased by 32.1% to RMB294.2 million (US$42.6 million). The company attributed the strong performance to international expansion, a scalable global ecosystem, and operational efficiencies. RLX Technology highlighted its focus on user-centric products, distribution capabilities, and responsible practices. The company ended the quarter with RMB14,529.7 million (US$2,106.4 million) in cash, cash equivalents, restricted cash, and investments. The company also announced a conference call to discuss these results.