RLX Technology Q1 Earnings Call Highlights

RLX Technology (NYSE:RLX) reported a crisp summation successful first-quarter 2026 revenue, driven by planetary expansion, contributions from a European concern and continued stableness successful mainland China, executives said connected the company’s net call.

Chief Executive Officer Kate Wang said the institution was “off to a robust commencement successful 2026,” citing a 96.2% year-over-year summation successful gross and a 38.9% sequential increase. Wang attributed the show to RLX’s planetary enlargement strategy, localized marketplace efforts and the buildout of its integrated operating hub, Nexus.

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“Our planetary concern sustains its accelerated integrated growth, portion our mainland China concern demonstrated resilience and stability,” Wang said.

International Business Drives Revenue Growth

Chief Financial Officer Chao Lu said nett revenues for the archetypal 4th reached RMB 1.59 billion, up 96.2% from the prior-year play and 38.9% from the erstwhile quarter. He said the summation was chiefly driven by momentum successful planetary operations, accretion from the company’s acquired European entity, dependable advancement successful mainland China and a one-time interaction from changes successful China’s export policy.

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Lu said RLX’s planetary concern has accounted for much than 70% of full nett revenues for respective consecutive quarters, making it the company’s cardinal maturation driver.

Profitability besides improved during the quarter. Gross borderline expanded to 31.8%, compared with 28.6% successful the aforesaid play past year, which Lu said reflected a much favorable merchandise premix and proviso concatenation optimization. Non-GAAP operating borderline roseate to 19.6% from 13.3% a twelvemonth earlier.

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Non-GAAP income from operations accrued 187.9% twelvemonth implicit twelvemonth to RMB 310.3 million, portion non-GAAP nett income roseate 41.4% to RMB 357.3 million, compared with RMB 252.7 cardinal successful the archetypal 4th of 2025.