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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
381
LTM Revenue $55.3M
LTM EBITDA $5.2M
$1.4B
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 (LTM) of $55.3M and a last 12-month EBITDA of $5.2M.
In the most recent fiscal year, RLX Technology achieved revenue of $2.4B and an EBITDA of -$31.3M.
RLX Technology expects next 12-month revenue of XXX and NTM EBITDA of XXX
See RLX Technology valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $55.3M | XXX | $2.4B | XXX | XXX | XXX |
| Gross Profit | $16.8M | XXX | $727M | XXX | XXX | XXX |
| Gross Margin | 30% | XXX | 30% | XXX | XXX | XXX |
| EBITDA | $5.2M | XXX | -$31.3M | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | -1% | XXX | XXX | XXX |
| EBIT | $2.9M | XXX | -$107M | XXX | XXX | XXX |
| EBIT Margin | 5% | XXX | -4% | XXX | XXX | XXX |
| Net Profit | $11.4M | XXX | $552M | XXX | XXX | XXX |
| Net Margin | 21% | XXX | 23% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, RLX Technology's stock price is $2.
RLX Technology has current market cap of $2.5B, and EV of $1.4B.
See RLX Technology trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1.4B | $2.5B | XXX | XXX | XXX | XXX | $0.08 |
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Start Free TrialAs of May 30, 2025, RLX Technology has market cap of $2.5B and EV of $1.4B.
RLX Technology's trades at 0.6x EV/Revenue multiple, and -44.3x EV/EBITDA.
Equity research analysts estimate RLX Technology's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
RLX Technology has a P/E ratio of 30.6x.
See valuation multiples for RLX Technology and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2.5B | XXX | $2.5B | XXX | XXX | XXX |
| EV (current) | $1.4B | XXX | $1.4B | XXX | XXX | XXX |
| EV/Revenue | 3.5x | XXX | 0.6x | XXX | XXX | XXX |
| EV/EBITDA | 37.2x | XXX | -44.3x | XXX | XXX | XXX |
| EV/EBIT | 67.3x | XXX | -13.0x | XXX | XXX | XXX |
| EV/Gross Profit | 11.5x | XXX | n/a | XXX | XXX | XXX |
| P/E | 30.6x | XXX | 4.5x | XXX | XXX | XXX |
| EV/FCF | 9.8x | XXX | 1.6x | 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.
Start Free TrialRLX Technology's last 12 month revenue growth is 19%
RLX Technology's revenue per employee in the last FY averaged $6.4M, while opex per employee averaged $2.2M for the same period.
RLX Technology's rule of 40 is -13% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
RLX Technology's rule of X is 57% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for RLX Technology and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 19% | XXX | -53% | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | -1% | XXX | XXX | XXX |
| EBITDA Growth | 32% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | -13% | XXX | 18% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 57% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $6.4M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $2.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 9% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 4% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 34% | 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 |
Valuation data powered by FactSet, Inc.
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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Start Free Trial| 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 381 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 $2.5B |
| What is the current revenue of RLX Technology? | RLX Technology's last 12 months revenue is $55.3M. |
| What is the current revenue growth of RLX Technology? | RLX Technology revenue growth (NTM/LTM) is 19%. |
| What is the current EV/Revenue multiple of RLX Technology? | Current revenue multiple of RLX Technology is 3.5x. |
| Is RLX Technology profitable? | Yes, RLX Technology is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of RLX Technology? | RLX Technology's last 12 months EBITDA is $5.2M. |
| What is RLX Technology's EBITDA margin? | RLX Technology's last 12 months EBITDA margin is 9%. |
| What is the current EV/EBITDA multiple of RLX Technology? | Current EBITDA multiple of RLX Technology is 37.2x. |
| What is the current FCF of RLX Technology? | RLX Technology's last 12 months FCF is $19.6M. |
| What is RLX Technology's FCF margin? | RLX Technology's last 12 months FCF margin is 36%. |
| What is the current EV/FCF multiple of RLX Technology? | Current FCF multiple of RLX Technology is 9.8x. |
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