Financials · XPEV

XPeng Inc. (XPEV) financials

For fiscal 2025 (ended Dec 31, 2025), XPeng Inc. reported CN¥76.72B of revenue and -CN¥1.14B of net income. Figures are in CNY, the currency of its SEC filings.

Revenue, FY2025
CN¥76.72B
Revenue growth, YoY
+87.7%
Net income, FY2025
-CN¥1.14B
Net margin
-1.5%
Free cash flow, FY2025
CN¥5.10B
EPS, diluted, FY2025
-CN¥0.60
Cash
CN¥17.33B
Total debt
CN¥12.71B
Annual revenueCN¥76.72B
FY2018FY2025
Annual net income-CN¥1.14B
FY2018FY2025
Annual free cash flowCN¥5.10B
FY2018FY2025

XPEV revenue and earnings growth

XPEV revenueFY2025CN¥76.72B

FY YoY
+87.7%
5Y CAGR
+67.4%

XPEV revenue was CN¥76.72B for fiscal 2025 (ended Dec 31, 2025), up 87.7% from fiscal 2024. Compound annual growth was +67.4% over 5 years. It rose in each of the last 7 fiscal years. Fiscal 2025 is the highest of the 8 fiscal years on file.

XPEV net incomeFY2025-CN¥1.14B

XPEV net income was -CN¥1.14B for fiscal 2025 (ended Dec 31, 2025), compared with -CN¥5.79B in fiscal 2024.

XPEV EPSFY2025-CN¥0.60

XPEV diluted EPS was -CN¥0.60 for fiscal 2025 (ended Dec 31, 2025), compared with -CN¥3.06 in fiscal 2024.

XPEV free cash flowFY2025CN¥5.10B

XPEV free cash flow was CN¥5.10B for fiscal 2025 (ended Dec 31, 2025), compared with -CN¥4.24B in fiscal 2024. Fiscal 2025 is the highest of the 8 fiscal years on file.

Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
RevenueCN¥76.72BCN¥40.87BCN¥30.68BCN¥26.86BCN¥20.99BCN¥5.84BCN¥2.32BCN¥9.71M
Cost of revenueCN¥62.25BCN¥35.02BCN¥30.22BCN¥23.77BCN¥18.37BCN¥5.58BCN¥2.88BCN¥12.07M
Gross profitCN¥14.47BCN¥5.85BCN¥451.15MCN¥3.09BCN¥2.62BCN¥265.99M-CN¥558.14M-CN¥2.36M
Research and developmentCN¥9.49BCN¥6.46BCN¥5.28BCN¥5.21BCN¥4.11BCN¥1.73BCN¥2.07BCN¥1.05B
Selling, general and adminCN¥9.40BCN¥6.87BCN¥6.56BCN¥6.69BCN¥5.31BCN¥2.92BCN¥1.16BCN¥642.54M
Operating income-CN¥2.77B-CN¥6.66B-CN¥10.89B-CN¥8.71B-CN¥6.58B-CN¥4.29B-CN¥3.78B-CN¥1.69B
Interest expenseCN¥379.93MCN¥343.98MCN¥268.67MCN¥132.19MCN¥55.34MCN¥22.45MCN¥32.02MCN¥5.82M
Pre-tax income-CN¥1.16B-CN¥5.83B-CN¥10.39B-CN¥9.12B-CN¥4.84B-CN¥2.73B-CN¥3.69B-CN¥1.40B
Income taxCN¥13.59M-CN¥69.78MCN¥36.81MCN¥24.73MCN¥25.99MCN¥1.22MCN¥1.0KCN¥0
Net income-CN¥1.14B-CN¥5.79B-CN¥10.38B-CN¥9.14B-CN¥4.86B-CN¥2.73B-CN¥3.69B-CN¥1.40B
EPS, basic-CN¥0.60-CN¥3.06-CN¥5.96-CN¥5.34-CN¥2.96-CN¥6.48-CN¥13.29-CN¥6.83
EPS, diluted-CN¥0.60-CN¥3.06-CN¥5.96-CN¥5.34-CN¥2.96-CN¥6.48-CN¥13.29-CN¥6.83
Diluted shares1.90B1.89B1.74B1.71B1.64B754.3M349.5M330.2M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Cash and equivalentsCN¥17.33BCN¥18.59BCN¥24.30BCN¥14.71BCN¥11.63BCN¥31.54BCN¥2.41BCN¥1.63B
Short-term investmentsCN¥3.22BCN¥751.29MCN¥781.22MCN¥1.26BCN¥2.83BCN¥2.82BCN¥407.84M-
ReceivablesCN¥2.00BCN¥2.45BCN¥2.72BCN¥3.87BCN¥2.67BCN¥1.13BCN¥539.20M-
InventoryCN¥10.38BCN¥5.56BCN¥5.53BCN¥4.52BCN¥2.66BCN¥1.34BCN¥454.12M-
Current assetsCN¥63.25BCN¥49.74BCN¥54.52BCN¥43.53BCN¥48.83BCN¥39.68BCN¥4.96B-
GoodwillCN¥34.11MCN¥34.11MCN¥34.11M-----
Total assetsCN¥103.16BCN¥82.71BCN¥84.16BCN¥71.49BCN¥65.65BCN¥44.71BCN¥9.25B-
Current liabilitiesCN¥58.11BCN¥39.86BCN¥36.11BCN¥24.11BCN¥18.01BCN¥7.84BCN¥3.30B-
Short-term debtCN¥6.12BCN¥6.47BCN¥5.25BCN¥3.18BCN¥0CN¥172.90MCN¥479.95M-
Long-term debtCN¥6.59BCN¥5.66BCN¥5.65BCN¥4.61BCN¥1.68BCN¥1.65BCN¥1.69B-
Total debtCN¥12.71BCN¥12.13BCN¥10.90BCN¥7.79BCN¥1.68BCN¥1.82BCN¥2.17B-
Total liabilitiesCN¥72.79BCN¥51.43BCN¥47.83BCN¥34.58BCN¥23.50BCN¥10.28BCN¥6.39B-
Shareholders' equityCN¥30.37BCN¥31.27BCN¥36.33BCN¥36.91BCN¥42.15BCN¥34.43B-CN¥6.83B-CN¥2.19B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Operating cash flowCN¥8.26B-CN¥2.01BCN¥956.16M-CN¥8.23B-CN¥1.09B-CN¥139.77M-CN¥3.56B-CN¥1.57B
Capital expendituresCN¥3.16BCN¥2.23BCN¥2.10BCN¥4.28BCN¥2.30BCN¥806.07MCN¥1.83BCN¥770.34M
Free cash flowCN¥5.10B-CN¥4.24B-CN¥1.14B-CN¥12.51B-CN¥3.39B-CN¥945.83M-CN¥5.39B-CN¥2.34B
Investing cash flow-CN¥7.33B-CN¥1.26BCN¥631.17MCN¥4.85B-CN¥33.08B-CN¥4.41BCN¥740.30M-CN¥3.63B
Financing cash flowCN¥514.76MCN¥669.32MCN¥8.02BCN¥6.00BCN¥14.63BCN¥34.33BCN¥3.59BCN¥6.73B
Stock-based compensationCN¥564.33MCN¥473.65MCN¥550.53MCN¥710.49MCN¥379.95MCN¥996.42MCN¥517.0KCN¥1.63M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Revenue growth, YoY87.7%33.2%14.2%28.0%259.1%151.8%23815.3%-
Gross margin18.9%14.3%1.5%11.5%12.5%4.6%-24.0%-24.3%
Operating margin-3.6%-16.3%-35.5%-32.4%-31.3%-73.5%-162.9%-17459.7%
Net margin-1.5%-14.2%-33.8%-34.0%-23.2%-46.7%-159.0%-14411.9%
Free cash flow margin6.7%-10.4%-3.7%-46.6%-16.2%-16.2%-232.4%-24140.3%
Return on equity-3.8%-18.5%-28.6%-24.8%-11.5%-7.9%--
Return on assets-1.1%-7.0%-12.3%-12.8%-7.4%-6.1%-39.9%-
Current ratio1.091.251.511.812.715.061.50-
Debt to equity0.420.390.300.210.040.05--

Source: XBRL data XPeng Inc. files with the SEC, latest filing dated Apr 16, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

XPEV peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
XPEVCN¥76.72B+87.7%-CN¥1.14B-1.5%$9.81B
TSLA$103.57B+8.3%$3.22B3.1%$1.42T
TM¥50.68T+5.5%¥3.85T7.6%$281.77B
RACE€7.15B+7.0%€1.60B22.3%$97.35B
GM$186.95B-0.3%$4.08B2.2%$72.68B
PCAR$29.08B-1.5%$2.76B9.5%$53.69B
F$186.97B-1.4%-$7.79B-4.2%$49.68B
HMC¥21.80T+0.5%-¥423.94B-1.9%$46.43B
RIVN$6.48B+11.1%-$2.98B-45.9%$19.87B

XPEV FAQ

9 questions
  • What is XPEV revenue?
    XPeng Inc. (XPEV) reported CN¥76.72B of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 87.7% from the year before.
  • Is XPEV profitable?
    No. XPeng Inc. reported a net loss of CN¥1.14B for fiscal 2025 (ended Dec 31, 2025).
  • How much cash and debt does XPEV have?
    XPeng Inc. reported CN¥17.33B in cash and cash equivalents and CN¥12.71B of debt on its most recent balance sheet in SEC filings.
  • How fast is XPEV revenue growing?
    XPeng Inc.'s revenue changed +87.7% in fiscal 2025, to CN¥76.72B. Its compound annual growth rate was +67.4% over 5 years.
  • What is XPEV gross margin?
    XPeng Inc.'s gross profit was CN¥14.47B on CN¥76.72B of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 18.9%.
  • What is XPEV free cash flow?
    XPeng Inc. generated CN¥5.10B of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of CN¥8.26B less capital expenditures.
  • What is XPEV earnings per share?
    Diluted earnings per share were -CN¥0.60 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did XPEV last report financial results?
    The latest statements here come from XPeng Inc.'s 20-F filed on Apr 16, 2026, covering the period ended Dec 31, 2025.
  • Where does this XPEV financial data come from?
    Quantisnow builds these statements from the structured XBRL data XPeng Inc. files with the SEC. It is provided for information only and is not investment advice.