RLX Technology Inc (RLX) — Cash Flow Quality Index

Latest as of March 2026: -0.24x

RLX Technology Inc (RLX) has a Cash Flow Quality Index of -0.24x as of March 2026. Operating cash flow of $-68.84 Million is below net income of $284.14 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore RLX Technology Inc (RLX) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.

Cash Flow Quality Index

-0.24x
Operating CF / Net Income

Operating Cash Flow

$-68.84 Million
USD

Net Income

$284.14 Million
USD

Data as of

Mar 2026
Most recent filing

RLX Technology Inc Cash Flow Quality Index (2019–2025)

Historical Cash Flow Quality Index for RLX Technology Inc across 6 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see RLX cash generation efficiency.

Annual Cash Flow Quality Index for RLX Technology Inc (2019–2025)

Year-by-year earnings quality comparison for RLX Technology Inc.

Year Quality Index Operating CF (USD) Net Income YoY Change
2025 1.18x $1.10 Billion $934.38 Million ▼ -21.9%
2024 1.51x $854.35 Million $564.34 Million ▲ +312.2%
2023 0.37x $198.70 Million $540.99 Million ▲ +6.3%
2022 0.35x $486.83 Million $1.41 Billion ▼ -61.1%
2021 0.89x $1.80 Billion $2.03 Billion ▼ -87.5%
2019 7.08x $338.12 Million $47.75 Million
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.