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RLX Technology Inc is engaged in the manufacturing of e-vapor products for adult smokers. It has an integrated offline distribution and "Branded store plus" retail model tailored to China's e-vapor market.
2018
397
LTM Revenue $54.5M
LTM EBITDA $5.3M
$1.5B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
RLX Technology has a last 12-month revenue of $54.5M and a last 12-month EBITDA of $5.3M.
In the most recent fiscal year, RLX Technology achieved revenue of $1.2B and an EBITDA of -$400M.
RLX Technology expects next 12-month revenue of XXX and NTM EBITDA of XXX
See RLX Technology valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $5.3B | $1.2B | XXX | XXX | XXX |
| Gross Profit | $3.7B | $2.3B | XXX | XXX | XXX |
| Gross Margin | 69% | 185% | XXX | XXX | XXX |
| EBITDA | $1.2B | -$400M | XXX | XXX | XXX |
| EBITDA Margin | 23% | -32% | XXX | XXX | XXX |
| Net Profit | $2.0B | $1.4B | XXX | XXX | XXX |
| Net Margin | 38% | 116% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, RLX Technology's stock price is $2.
RLX Technology has current market cap of $2.6B, and EV of $1.5B.
See RLX Technology trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1.5B | $2.6B | XXX | XXX | XXX | XXX | $0.07 |
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Sign UpAs of April 15, 2025, RLX Technology has market cap of $2.6B and EV of $1.5B.
RLX Technology's trades at 3.7x LTM EV/Revenue multiple, and 38.4x LTM EBITDA.
Analysts estimate RLX Technology's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for RLX Technology and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $1.5B | XXX | XXX | XXX |
| EV/Revenue | 1.2x | XXX | XXX | XXX |
| EV/EBITDA | -3.7x | XXX | XXX | XXX |
| P/E | 4.9x | XXX | XXX | XXX |
| P/E/Growth | -0.1x | XXX | XXX | XXX |
| EV/FCF | 8.9x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpRLX Technology's NTM/LTM revenue growth is 17%
RLX Technology's revenue per employee for the last fiscal year averaged $3.1M, while opex per employee averaged $2.2M for the same period.
Over next 12 months, RLX Technology's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate RLX Technology's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for RLX Technology and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -77% | XXX | XXX | XXX | XXX |
| EBITDA Margin | -32% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -133% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | -16% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $3.1M | XXX | XXX | XXX | XXX |
| Opex per Employee | $2.2M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 17% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 40% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 14% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 71% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Karelia Tobacco | XXX | XXX | XXX | XXX | XXX | XXX |
| Godfrey Phillips India | XXX | XXX | XXX | XXX | XXX | XXX |
| Eastern Company | XXX | XXX | XXX | XXX | XXX | XXX |
| Ceylon Tobacco Company | XXX | XXX | XXX | XXX | XXX | XXX |
| Scandinavian Tobacco | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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RLX Technology acquired XXX companies to date.
Last acquisition by RLX Technology was XXXXXXXX, XXXXX XXXXX XXXXXX . RLX Technology acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was RLX Technology founded? | RLX Technology was founded in 2018. |
| Where is RLX Technology headquartered? | RLX Technology is headquartered in United States of America. |
| How many employees does RLX Technology have? | As of today, RLX Technology has 397 employees. |
| Who is the CEO of RLX Technology? | RLX Technology's CEO is Ms. Ying Wang. |
| Is RLX Technology publicy listed? | Yes, RLX Technology is a public company listed on NYS. |
| What is the stock symbol of RLX Technology? | RLX Technology trades under RLX ticker. |
| When did RLX Technology go public? | RLX Technology went public in 2021. |
| Who are competitors of RLX Technology? | Similar companies to RLX Technology include e.g. Karelia Tobacco, Godfrey Phillips India, Eastern Company, Ceylon Tobacco Company. |
| What is the current market cap of RLX Technology? | RLX Technology's current market cap is $2.6B |
| What is the current revenue of RLX Technology? | RLX Technology's last 12-month revenue is $54.5M. |
| What is the current EBITDA of RLX Technology? | RLX Technology's last 12-month EBITDA is $5.3M. |
| What is the current EV/Revenue multiple of RLX Technology? | Current revenue multiple of RLX Technology is 3.7x. |
| What is the current EV/EBITDA multiple of RLX Technology? | Current EBITDA multiple of RLX Technology is 38.4x. |
| What is the current revenue growth of RLX Technology? | RLX Technology revenue growth between 2023 and 2024 was -77%. |
| Is RLX Technology profitable? | Yes, RLX Technology is EBITDA-positive (as of the last 12 months). |
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