RLX Technology | 6-K: RLX Technology Announces Unaudited Third Quarter 2025 Financial Results

RLX Technology reported strong Q3 2025 financial results with net revenues increasing 49.3% YoY to RMB1.13 billion (US$158.6 million). Gross margin improved to 31.2% from 27.2% YoY, while non-GAAP operating income more than doubled to RMB187.8 million. International business contributed 71.6% of total revenues, reflecting successful global expansion.The company's U.S. GAAP net income reached RMB206.8 million (US$29.1 million), up from RMB169.4 million in Q3 2024. The robust performance was driven by equity investments in European markets, organic growth in international operations, and gradual recovery in Mainland China. The company maintained a strong balance sheet with total cash and investments of RMB15.35 billion.The Board approved a cash dividend of US$0.1 per ADS. To date, RLX has returned over US$500 million to shareholders through repurchases and dividends, including US$330 million in share repurchases and approximately US$171 million in cash dividends, demonstrating its commitment to shareholder returns.

RLX Technology reported strong Q3 2025 financial results with net revenues increasing 49.3% YoY to RMB1.13 billion (US$158.6 million). Gross margin improved to 31.2% from 27.2% YoY, while non-GAAP operating income more than doubled to RMB187.8 million. International business contributed 71.6% of total revenues, reflecting successful global expansion.The company's U.S. GAAP net income reached RMB206.8 million (US$29.1 million), up from RMB169.4 million in Q3 2024. The robust performance was driven by equity investments in European markets, organic growth in international operations, and gradual recovery in Mainland China. The company maintained a strong balance sheet with total cash and investments of RMB15.35 billion.The Board approved a cash dividend of US$0.1 per ADS. To date, RLX has returned over US$500 million to shareholders through repurchases and dividends, including US$330 million in share repurchases and approximately US$171 million in cash dividends, demonstrating its commitment to shareholder returns.