RLX (RLX) Q4 2025 Earnings Call Transcript
RLX Technology reported Q4 2025 net revenue of RMB 1.14 billion, a 40.3% year-over-year increase, driven by international expansion. Full-year revenue reached RMB 3.96 billion, up 44%. The company opened 425 franchise stores in East Asia and emphasized AI integration for operational efficiency. Despite challenges in the U.K. e-vapor market and compliance issues in Mainland China, RLX remains committed to strategic growth in Europe and Asia, with a strong cash position of RMB 15.73 billion.
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