XPEV
$9.42-1.46%
as of close, Oct 1, 2026
☾ AH $9.42 -1.46%
XPeng Inc. American depositary shares each representing twoStock · Industrials
XPEV financial statements
The full income statement, balance sheet, and cash-flow statement for XPeng Inc. American depositary shares each representing two (XPEV), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2020-12 377.1M2021-12 855.6M2022-12 862.0M2023-12 942.7M2024-12 949.6M2025-12 954.9M+153.2% over 5 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 10.7B+88.0% | 5.68B+31.0% | 4.33B+8.7% | 3.99B+22.6% | 3.25B+263.3% | |
| 2.01B+147.9% | 812M+1174.4% | 63.7M-86.1% | 459M+12.8% | 407M+897.4% | ||
| Cost of revenue | 8.66B+78.0% | 4.87B+14.0% | 4.27B+21.0% | 3.53B+24.0% | 2.85B+233.1% | |
| 2.40B+38.1% | 1.74B+8.4% | 1.60B-9.4% | 1.77B+21.1% | 1.46B+105.1% | ||
| Research & development | 1.32B+47.2% | 897M+20.4% | 746M-3.8% | 775M+21.4% | 638M+141.2% | |
| Selling, general & administrative | 1.31B+37.0% | 955M+3.0% | 927M-6.7% | 994M+20.8% | 823M+83.8% | |
| General & administrative | 280M+50.3% | 186M-14.8% | 218M-11.4% | 246M+54.5% | 160M-6.9% | |
| Selling & marketing | 1.03B+33.7% | 769M+8.5% | 708M-5.2% | 747M+12.7% | 663M+163.3% | |
| Amortization of intangibles | 79.0M+5.7% | 74.7M+129.4% | 32.6M+233.6% | 9.76M+143.3% | 4.01M+29.8% | |
| Provision for credit losses | 17.6M+2169.7% | 774K-92.2% | 9.94M-1.1% | 10.1M-7.0% | 10.8M+643.2% | |
| Operating income | -386M+58.3% | -925M+39.9% | -1.54B-19.0% | -1.29B-26.8% | -1.02B-55.0% | |
| Interest expense | 52.9M+10.6% | 47.8M+25.9% | 38.0M+93.3% | 19.6M+128.9% | 8.58M+149.3% | |
| Interest & investment income | 162M-15.3% | 191M+7.3% | 178M+13.2% | 157M+36.5% | 115M+465.0% | |
| Other non-operating income | 6.23M-58.5% | 15.0M+153.7% | 5.93M+9.8% | 5.40M-50.5% | 10.9M-21.4% | |
| Equity-method income | 4.30M+206.5% | -4.04M-152.2% | 7.73M+1164.7% | 612K | 0.00 | |
| Pre-tax income | -161M+80.1% | -810M+44.8% | -1.47B-8.4% | -1.35B-80.6% | -750M-89.5% | |
| Income tax | 1.89M+119.5% | -9.70M-286.5% | 5.20M+41.6% | 3.67M-8.8% | 4.03M+2054.8% | |
| -159M+80.3% | -805M+45.1% | -1.47B-8.0% | -1.36B-80.1% | -754M-80.1% | ||
| Net income to common | -159M+80.3% | -805M+45.1% | -1.47B-8.0% | -1.36B-80.1% | -754M-0.6% | |
| -$1.20+80.4% | -$6.12+48.7% | -$11.92-211.6% | $10.68+1263.6% | -$0.92+51.1% | ||
| EPS (basic) | -$1.20+80.4% | -$6.12+48.7% | -$11.92-211.6% | $10.68+1263.6% | -$0.92+51.1% | |
| Weighted-avg shares (basic) | 952M+0.7% | 946M+8.6% | 870M+1.7% | 856M+4.2% | 821M+117.8% | |
| Weighted-avg shares (diluted) | 952M+0.7% | 946M+8.6% | 870M+1.7% | 856M+4.2% | 821M+117.8% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 9.04B+32.7% | 6.81B-11.3% | 7.68B+21.7% | 6.31B-17.7% | 7.67B+26.1% | ||
| Cash & equivalents | 2.48B-2.7% | 2.55B-14.4% | 2.98B+40.5% | 2.12B+22.3% | 1.73B-61.3% | |
| Short-term investments | 460M+346.8% | 103M-6.5% | 110M-39.9% | 183M-58.9% | 445M+2.9% | |
| Cash & short-term investments | 2.48B-2.7% | 2.55B-14.4% | 2.98B+40.5% | 2.12B+22.3% | 1.73B-61.4% | |
| Accounts receivable | 285M-14.9% | 336M-12.3% | 383M-31.9% | 561M+33.7% | 420M+142.6% | |
| Inventory | 1.48B+94.7% | 762M-2.1% | 778M+18.8% | 655M+56.8% | 418M+103.1% | |
| Prepaid expenses | 757M+76.3% | 430M+22.5% | 351M-1.9% | 357M+1.3% | 353M+43.7% | |
| Other current assets | 86.1M+71.2% | 50.3M-10.6% | 56.2M-0.3% | 56.4M+19.3% | 47.3M+145.9% | |
| 14.7B+30.1% | 11.3B-4.4% | 11.9B+14.4% | 10.4B+0.5% | 10.3B+50.4% | ||
| Property, plant & equipment | 1.93B+22.5% | 1.58B+2.3% | 1.54B+0.3% | 1.54B+80.5% | 852M+80.4% | |
| Operating lease right-of-use | 533M+208.5% | 173M-15.7% | 205M-27.6% | 283M+15.6% | 245M+246.8% | |
| Goodwill | 4.88M+4.3% | 4.67M-2.7% | 4.80M | — | — | |
| Intangible assets | 608M-3.7% | 632M-9.4% | 697M+361.0% | 151M+9.6% | 138M+48.1% | |
| Long-term investments | 361M+34.1% | 269M-8.4% | 294M-11.7% | 333M+36.8% | 243M | |
| Other non-current assets | 61.4M+1.1% | 60.7M-25.2% | 81.1M+178.1% | 29.2M-89.3% | 272M+675.4% | |
| Total non-current assets | 5.70B+26.3% | 4.52B+8.2% | 4.17B+3.0% | 4.05B+53.5% | 2.64B+242.8% | |
| 8.31B+52.1% | 5.46B+7.4% | 5.09B+45.5% | 3.50B+23.6% | 2.83B+135.5% | ||
| Accounts payable | 2.57B+23.7% | 2.08B-33.5% | 3.13B+51.7% | 2.06B+6.2% | 1.94B+147.8% | |
| Accrued liabilities | 1.79B+51.2% | 1.19B+11.0% | 1.07B+31.9% | 809M+7.2% | 755M+118.5% | |
| Deferred revenue | 209M+19.7% | 175M+96.7% | 88.9M+57.5% | 56.4M-14.1% | 65.7M+161.9% | |
| Short-term & current debt | 263M+3.2% | 255M+32.6% | 192M+73.9% | 110M | 0.00-100.0% | |
| Current lease liability | 63.7M+43.4% | 44.5M-13.8% | 51.6M-27.5% | 71.1M+21.3% | 58.6M+220.0% | |
| Other current liabilities | 152K-88.1% | 1.28M-70.5% | 4.35M-67.1% | 13.2M | — | |
| Finance lease liability (current) | 7.95M+38.3% | 5.75M+18.7% | 4.84M-74.0% | 18.6M | 0.00 | |
| 10.4B+47.7% | 7.05B+4.6% | 6.74B+34.4% | 5.01B+35.8% | 3.69B+134.3% | ||
| Long-term debt | 942M+21.4% | 776M-2.5% | 796M+19.0% | 669M+154.3% | 263M+4.3% | |
| Deferred revenue (non-current) | 172M+52.9% | 113M+19.6% | 94.2M-6.3% | 101M+33.8% | 75.2M+239.0% | |
| Non-current lease liability | 607M+229.2% | 184M-12.2% | 210M-21.9% | 269M+43.9% | 187M+245.8% | |
| Operating lease liability (total) | 671M+193.1% | 229M-12.5% | 262M-23.1% | 340M+38.5% | 245M+239.0% | |
| Finance lease liability (total) | 114M+1.3% | 112M-1.8% | 114M-14.8% | 134M | 0.00 | |
| Finance lease liability | 106M-0.6% | 107M-2.7% | 110M-5.3% | 116M | 0.00 | |
| Deferred tax liabilities | 47.2M+0.8% | 46.8M-17.7% | 56.9M | 0.00 | — | |
| Other non-current liabilities | 224M-33.1% | 335M+1.8% | 329M-9.4% | 363M+7.7% | 337M+639.9% | |
| Total non-current liabilities | 2.10B+32.4% | 1.58B-4.0% | 1.65B+8.8% | 1.52B+75.9% | 862M+130.6% | |
| 4.34B+1.3% | 4.28B-16.3% | 5.12B-4.4% | 5.35B-19.1% | 6.62B+25.4% | ||
| Additional paid-in capital | 10.2B+5.2% | 9.68B-2.1% | 9.89B+12.4% | 8.80B-6.6% | 9.42B+32.2% | |
| Retained earnings | -6.11B-7.3% | -5.70B-13.1% | -5.04B-37.2% | -3.67B-44.4% | -2.54B-46.5% | |
| Accumulated other comprehensive income | 252M-12.2% | 287M+11.2% | 258M+15.2% | 224M+186.5% | -259M-131.2% | |
| Total liabilities & equity | 14.7B+30.1% | 11.3B-4.4% | 11.9B+14.4% | 10.4B+0.5% | 10.3B+50.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.15B+510.9% | -280M-307.0% | 135M+111.0% | -1.22B-620.6% | -170M-692.3% | ||
| Depreciation & amortization | 330M+12.6% | 293M+10.6% | 265M+81.9% | 146M+56.9% | 92.9M+87.6% | |
| Intangible amortization | 79.0M+5.7% | 74.7M+129.4% | 32.6M+233.6% | 9.76M+143.3% | 4.01M+29.8% | |
| Share-based compensation | 78.5M+19.3% | 65.8M-15.4% | 77.8M-26.3% | 106M+79.2% | 58.9M-61.4% | |
| Deferred income taxes | -2.75M+78.5% | -12.8M-581.8% | 2.66M | 0.00 | 0.00 | |
| Change in receivables | -53.8M-57.2% | -34.2M+78.7% | -161M-189.4% | 180M-25.7% | 242M+165.0% | |
| Change in inventory | 803M+445.2% | 147M-55.8% | 333M-9.4% | 368M+22.3% | 301M+100.0% | |
| Change in payables | — | 121M-89.2% | 1.12B+306.7% | 276M-75.4% | 1.12B+76.4% | |
| -1.02B-485.2% | -174M-295.6% | 89.2M-87.6% | 720M+114.0% | -5.13B-659.4% | ||
| Capital expenditure | 439M+42.0% | 309M+4.4% | 296M-53.4% | 635M+78.1% | 357M+188.6% | |
| Free cash flow | 710M+220.5% | -589M-265.6% | -161M+91.3% | -1.86B-253.1% | -526M-2405.3% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Proceeds from sale of PP&E | 7.30M-69.0% | 23.6M+1889.9% | 1.18M-89.7% | 11.4M+206.1% | 3.74M-0.4% | |
| 71.6M-23.0% | 93.0M-91.8% | 1.13B+27.0% | 892M-60.7% | 2.27B-56.9% | ||
| Long-term debt issued | 1.23B-17.1% | 1.49B+27.4% | 1.17B+15.7% | 1.01B+675.6% | 130M-17.4% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net change in cash | 231M+164.9% | -356M-126.3% | 1.35B+196.2% | 457M+114.8% | -3.09B-169.1% | |
| Interest paid | 70.1M+8.5% | 64.6M+49.2% | 43.3M+79.5% | 24.1M+23.5% | 19.5M+67.6% | |
| Income taxes paid | 2.40M-48.6% | 4.67M+28.6% | 3.64M-32.2% | 5.36M | 0.00 | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 19.4B+72.5% | 11.2B-10.7% | 12.6B+47.9% | 8.50B-80.3% | 43.1B+166.6% | |
| P/S | 1.8×-8.2% | 2.0×-37.3% | 3.2×+20.6% | 2.6×-80.3% | 13.2×-26.6% | |
| P/B | 4.5×+70.3% | 2.6×+11.4% | 2.4×+82.9% | 1.3×-80.3% | 6.5×+112.6% | |
| P/FCF | 27.3× | — | — | — | — | |
| FCF yield | 3.7% | — | — | — | — | |
| Source filing | 20-F | 20-F | 20-F | 20-F | 20-F |
About this data
Source: XPEV’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all XPEV filings on SEC EDGAR → Not investment advice.