RLX Technology Reports Q2 2025 Financial Results with Net Revenues of RMB880 Million, up 40.3% YoY

RLX Technology reported Q2 2025 net revenues of RMB880.0 million ($122.8 million), up 40.3% YoY and 8.9% sequentially. Gross margin increased to 27.5%, compared to 25.2% in the same period of 2024. Non-GAAP income from operations rose 147.6% YoY to RMB116.2 million ($16.2 million), while U.S. GAAP net income reached RMB218.5 million ($30.5 million). Non-GAAP net income was RMB291.2 million ($40.6 million).