RLX Technology Inc. (RLX) Gross margin 2020–2025
RLX Technology Inc. (RLX) gross margin by fiscal year — reported gross profit divided by reported revenue.
29.9%FY2025 · since FY2020: 40.0% → 29.9%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 29.9% | +3.5 pp |
| FY2024 | 26.4% | +2.0 pp |
| FY2023 | 24.4% | -18.8 pp |
| FY2022 | 43.2% | +0.1 pp |
| FY2021 | 43.1% | +3.1 pp |
| FY2020 | 40.0% | — |
Gross margin = reported gross profit ÷ reported revenue for the same fiscal year.
Source: SEC XBRL filings · For reference only · Not investment advice