How XPeng ADR makes money

Period

FY2025

How does XPeng ADR make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

XPeng Inc. American depositary shares each representing two · FY2025 · year ended 2025-12-31

Revenue$10.7BNet loss$157M · 1%Cost of revenue$8.7B · 81%Gross profit$2.0B · 19%Operating expenses$2.4B · 22%Other income$229M · 2%R&D$1.3B · 12%Selling & marketing$1.0B · 10%Other opex$51M · 0%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.