RLX Technology Inc. (RLX) Earnings Call Transcripts

RLX Technology Inc.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, RLX Technology Inc. reported net revenues of RMB 1.59 billion, reflecting a remarkable 96.2% year-over-year increase and a 38.9% quarter-over-quarter rise. This strong performance was largely driven by robust international operations and the integration of a European acquisition. Management emphasized their commitment to innovation and compliance, signaling confidence in sustaining growth despite evolving regulatory landscapes. The company maintained a strong balance sheet, which positions it well for future expansion, particularly in Europe and Asia.

Reported metrics

Guidance from management

Management expressed confidence in sustaining growth through innovation and compliance, with a focus on expanding in Europe and Asia. Specific numerical guidance was not provided, but they indicated a commitment to long-term value creation.

What management said

Thank you once again for joining us today. If you have further questions, please feel free to contact RH Technologies Investor Relations team through the contact information provided on our website or via Piacente Financial Communications.

What analysts pressed on

Analysts raised questions regarding the integration of the European acquisition and the implications of recent FDA decisions on flavored vapes. Concerns were also noted about the potential impact of regulatory changes in China on production costs and market dynamics.

Main topics on the call

• Revenue Growth Acceleration — RLX Technology achieved net revenues of RMB 1.59 billion, marking a 96.2% increase year-over-year and a 38.9% increase quarter-over-quarter. Management noted, "Our international business remained our key growth driver, a...
• Margin Expansion — Gross margin improved to 31.8%, up from 28.6% in the same period last year, driven by a favorable product mix and supply chain optimization. Operating margin also expanded significantly, with non-GAAP operating margin re...
• Regulatory Landscape Impact — Management highlighted the U.K.'s generational smoking ban as a structural tailwind for their business, stating, "This effectively positioned e-vapor as the only legal nicotine consumption channel for future generations....
• European Expansion Strategy — RLX is pursuing a dual engine strategy in Europe, focusing on both strategic M&A and organic growth. Management stated, "We are not seeking rapid entry, but rather building a durable presence with care and discipline," i...

Read the full RLX Technology Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 21 RLX Technology Inc. earnings call transcripts on record, spanning March 26, 2021 to May 20, 2026. Based on this history, RLX Technology Inc. reports quarterly. The most recent call on file is dated May 20, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

RLX

Exchange

NYSE

Country

US

Sector

Consumer Staples

Industry

Tobacco

Calls on record

21

First call

March 26, 2021

Most recent

May 20, 2026

Reporting cadence

quarterly