NYSE$RLX

RLX Technology Inc-ADR · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

RLX Technology reported Q4 2024 revenue of $376.6M, net income of $77.3M.

For Q4 2024, RLX Technology reported Revenue was $376.6M, net income was $77.3M. Management discusses segment trends, liquidity, and outlook in the quarterly filing.

  • Revenue $376.6M for Q4 2024.
  • Net income $77.3M.
  • MD&A highlights operating priorities, liquidity, and sector risks.

Headline financials

Total Revenue

$377M

Previous: $62.4M+504.0%
EPS (adj)

$0.03

Previous: $0.05-43.5%
Gross Margin

27.0%

No prior period
Net Cash from Operations

$68.1M

No prior period
Net Income

$77.3M

Previous: $29.5M+161.7%
Operating Income

-$1.6M

Previous: -$19.4M+91.8%
Gross Profit

$30.1M

Previous: $17.1M+76.3%
R&D Expense

$4.5M

Previous: $3.03M+48.6%

Revenue & EPS history

RLX · Revenue · Quarterly

$377M

Q4 2024+504%vs Q4 2023
Beat estimate in 5 of 11 quarters(45%)
ActualEstimate

Forward guidance

Outlook tied to user growth, trading activity, and regulatory environment in China/HK.

Tailwinds

  • Client asset growth and cross-sell of wealth products.
  • Platform engagement and international expansion.

Headwinds

  • Regulatory changes and market volatility.
  • FX translation and competitive commission rates.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+1.5%

Avg return

Earnings day

+2.8%

Avg return

5 days after

+3.7%

Avg return

30 days after

54%

13 / 24 earnings

Positive

+23.3%

Q4 2022

Best reaction

-47.9%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.9%-1.9%-12.7%
Q4 2025+0.4%+1.3%-7.9%
Q3 2025+10.4%+7.3%+1.3%
Q2 2025+6.8%+7.1%+12.9%
Q1 2025+2.1%+2.6%+10.3%
Q4 2024-3.8%-14.0%-27.7%
Q3 2024+11.7%+11.7%+22.7%
Q2 2024+3.7%+10.5%+1.9%
Q1 2024-7.4%-7.9%-15.3%
Q4 2023-0.5%+8.2%-9.7%
Q3 2023+16.5%+22.0%+32.3%
Q2 2023+4.9%+2.1%+5.6%
Q1 2023-0.4%-3.8%-17.4%
Q4 2022+23.3%+19.2%+31.5%
Q3 2022+8.1%+10.0%+56.9%
Q2 2022-5.7%-14.6%-17.9%
Q1 2022-5.6%-9.6%+17.2%
Q4 2021-47.9%-10.3%-20.1%
Q3 2021-17.4%+7.4%-12.0%
Q2 2021-9.7%+3.1%+13.9%
Q1 2021-8.3%-24.1%-28.9%
Q4 2019+19.3%+14.4%+10.5%
Q4 2018+19.3%+14.4%+10.5%
Q4 2020+16.2%+12.9%+32.0%
Q3 2020
Q2 2020
Q1 2020
Q3 2019

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