RLX Technology Inc (RLX) — Free Cash Flow Generation Index

Latest as of December 2025: 0.62x

RLX Technology Inc (RLX) has a Free Cash Flow Generation Index of 0.62x as of December 2025. Free cash flow of $191.50 Million represents 1% of operating cash flow ($310.22 Million). Explore reinvestment intensity of RLX Technology Inc to see what proportion of operating cash flow is directed to capital expenditures.

FCF Generation Index

0.62x
Free Cash Flow / Operating CF

Free Cash Flow

$191.50 Million
USD

Operating Cash Flow

$310.22 Million
USD

Capital Expenditures

$118.72 Million
USD

RLX Technology Inc Free Cash Flow Generation Index (2019–2025)

Historical FCF Generation Index trend for RLX Technology Inc across 7 annual periods. For the full cash flow conversion analysis, see RLX Technology Inc (RLX) cash flow conversion.

Annual Free Cash Flow Generation for RLX Technology Inc (2019–2025)

Year-by-year Free Cash Flow Generation Index for RLX Technology Inc. Check RLX cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.

Year FCG Index Free Cash Flow (USD) Operating CF Capital Expenditures YoY Change
2025 0.89x $985.83 Million $1.10 Billion $118.72 Million ▼ -9.4%
2024 0.99x $842.09 Million $854.35 Million $12.26 Million ▲ +17.8%
2023 0.84x $166.29 Million $198.70 Million $32.41 Million ▼ -9.1%
2022 0.92x $448.19 Million $486.83 Million $38.64 Million ▼ -0.2%
2021 0.92x $1.66 Billion $1.80 Billion $138.84 Million ▼ -7.1%
2020 0.99x $2.57 Billion $2.59 Billion $17.45 Million ▲ +36.7%
2019 0.73x $245.73 Million $338.12 Million $92.39 Million
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).