RLX Technology Inc. (RLX) - Dilution Analysis

Visualizing historical and potential share dilution over time

View Stock Details

Chase Ink Business Preferred®

Earn Up to 150K Bonus Points

Transfer points to 14+ airline & hotel partners. Up to 40% upgrade value on first class travel. $95/yr.

Apply Now

Dilution Analysis

Medium Risk

Moderate dilution risk

Last updated: April 23, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares

Recent Dilution: 978.04% (2 years)

Historical Dilution Factor: significant recent dilution

Outstanding Shares

1.5B

Potential Supply

Additional shares possible

Splits

None

Past 2 years

Summary

RLX currently has 1.55B outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 978.04% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding
Apr 23, 2026	20-F filing \| 1548.9M shares outstanding	1.5B
Apr 17, 2025	20-F filing \| 143.7M shares outstanding	140M
Apr 19, 2024	20-F filing \| 0.0M shares outstanding	1
Apr 21, 2023	20-F filing \| 0.0M shares outstanding	1
Apr 29, 2022	20-F filing \| 1436.8M shares outstanding	1.4B
Apr 23, 2021	20-F filing \| 1436.8M shares outstanding	1.4B

Back to RLX Details