XPeng
Financial Performance
XPeng Revenue & Financials
Revenue
~$10.7B (FY2025, unaudited)
Market Cap
$10.6B
Employees
19,884
What is XPeng's revenue?
XPeng had ~$10.7B (unaudited) in revenue for fiscal year 2025. It reported a net loss of ~$158.4M.
- Latest revenue
- ~$10.7B (FY2025, unaudited)
- Peak revenue
- ~$5.7B (FY2024)
- Years of data
- 8
- Employees
- 19,884
- How much profit does XPeng make?
- XPeng reported a net loss of ~$158.4M for fiscal year 2025. prnewswire.com
- How many employees does XPeng have?
- XPeng has about 19,884 employees.
Financial Analysis
FY2025 revenue was ~$10.7 billion (RMB76.72 billion) (+87.7%), with a net loss of ~$158 million (RMB1.14 billion) and a first quarterly profit in Q4. In Q2 2026, revenue was ~$2.74 billion (RMB19.74 billion), gross margin 20.7% and net loss ~$186 million (RMB1.34 billion). Cash was ~$5.63 billion (RMB40.48 billion) at June 30, 2026.
Revenue Trend Analysis
Peak Year
2024
Trend
Consistent Growth
XPeng has 8 full fiscal year figures on this page. Annual revenue peaked in fiscal year 2024 at ~$5.7B. Of 6 comparable year-over-year steps, 6 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2025unaudited | ~$10.7B | -~$158.4M | — | XPeng Q4 and FY2025 unaudited financial results; 2025 Form 20-F Fiscal year ended 2025-12-31. |
| FY2024 | ~$5.7B | -~$804.8M | +33.2% | XPeng Inc. annual report on Form 20-F Fiscal year ended 2024-12-31. |
| FY2023 | ~$4.3B | -~$1.4B | +14.2% | XPeng Inc. annual report on Form 20-F Fiscal year ended 2023-12-31. |
| FY2022 | ~$3.7B | -~$1.3B | +28.0% | XPeng Inc. annual report on Form 20-F Fiscal year ended 2022-12-31. |
| FY2021 | ~$2.9B | -~$676M | +259.1% | XPeng Inc. annual report on Form 20-F Fiscal year ended 2021-12-31. |
| FY2020 | ~$812.4M | -~$379.7M | +151.8% | XPeng Inc. annual report on Form 20-F Fiscal year ended 2020-12-31. |
| FY2019 | ~$322.6M | -~$513.1M | +23815.3% | XPeng Inc. annual report on Form 20-F Fiscal year ended 2019-12-31. |
| FY2018 | ~$1.3M | — | — | XPeng annual report (Form 20-F, SEC EDGAR, filed 2021-04-16) Fiscal year ended 2018-12-31. |
Click any row to see year details.
XPeng balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 20-F, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | ~$1.1B | ~$438.7M | ~$14.3B | ~$10.1B | ~$4.2B | ~$709.3M | Form 20-F |
| FY2024ended Dec 31, 2024 | -~$279.7M | ~$309.4M | ~$11.5B | ~$7.1B | ~$4.3B | -~$589.1M | Form 20-F |
| FY2023ended Dec 31, 2023 | ~$132.9M | ~$291.4M | ~$11.7B | ~$6.6B | ~$5B | -~$158.5M | Form 20-F |
| FY2022ended Dec 31, 2022 | -~$1.1B | ~$594.3M | ~$9.9B | ~$4.8B | ~$5.1B | -~$1.7B | Form 20-F |
| FY2021ended Dec 31, 2021 | -~$152.1M | ~$319.7M | ~$9.1B | ~$3.3B | ~$5.9B | -~$471.8M | Form 20-F |
| FY2020ended Dec 31, 2020 | -~$19.4M | ~$112M | ~$6.2B | ~$1.4B | ~$4.8B | -~$131.5M | Form 20-F |
| FY2019ended Dec 31, 2019 | -~$495.2M | ~$254.6M | ~$1.3B | ~$888M | -~$949.4M | -~$749.8M | Form 20-F |
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XPeng Revenue and Financial FAQ
What was XPeng's total revenue in fiscal year 2025?
In fiscal year 2025, XPeng generated 76.720 billion RMB (approximately $10.6 billion USD) in total revenue, up over 80% year-over-year propelled by surging deliveries of the MONA M03 and P7+.
What are XPeng's vehicle gross margins?
After experiencing negative gross margins during early supply chain disruptions, XPeng executed sweeping cost reductions to expand vehicle gross margins toward 12% to 15%, bolstered by high-margin software licensing fees from Volkswagen.
How many electric vehicles does XPeng deliver annually?
XPeng scaled annual vehicle deliveries past 250,000 to 300,000 units, demonstrating rapid manufacturing acceleration across its Zhaoqing and Guangzhou production facilities.
How much does XPeng invest annually in Research & Development (R&D)?
XPeng consistently invests 15% to 20% of revenues into R&D (over 5 billion to 6 billion RMB annually), prioritizing end-to-end autonomous driving AI models, in-house Turing AI chips, and humanoid robotics.
What is XPeng's cash and liquidity position?
XPeng maintains a solid liquidity reserve exceeding 40 billion RMB (~$5.5 billion USD) across cash, term deposits, and short-term investments, strengthened by Volkswagen's capital injection and operating cash inflows.
What was the financial impact of the Didi transaction?
Acquiring Didi's smart auto division for all-equity consideration preserved cash while establishing performance earn-outs: Didi receives additional equity if MONA deliveries hit 100,000 and 180,000 units annually.
When does XPeng project reaching company-wide profitability?
Through massive volume scaling with the MONA platform, platform sharing with Volkswagen, and component cost reductions, XPeng has charted a clear trajectory toward quarterly net profitability.
How does XPeng maintain production cost efficiency?
XPeng deployed integrated front and rear integrated die-casting technology (Giga-casting) on its Smart Electric Platform Architecture (SEPA 2.0), reducing manufacturing costs by 20% to 25%.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "XPeng Revenue & Financials." CorpDigest, https://corpdigest.com/company/xpeng/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>XPeng reported ~$10.7B as its latest revenue figure (2025, unaudited, not audited fiscal-year revenue).</strong><br>Source: <a href="https://corpdigest.com/company/xpeng/financials" target="_blank" rel="noopener">CorpDigest — XPeng financials</a></div>Related Financial Audits
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