XPeng Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	76,720	40,866	30,676	26,855	20,988
Revenue Growth (YoY)	87.73%	33.22%	14.23%	27.95%	259.12%
Cost of Revenue	62,247	34,883	30,143	23,736	18,331
Gross Profit	14,473	5,983	532.97	3,119	2,657
Selling, General & Admin	9,398	6,871	6,559	6,688	5,305
Research & Development	9,490	6,457	5,277	5,215	4,114
Other Operating Expenses	-1,761	-589.23	-465.59	-109.17	-84.88
Operating Expenses	17,127	12,738	11,370	11,794	9,335
Operating Income	-2,654	-6,755	-10,837	-8,675	-6,678
Interest Expense	-379.93	-343.98	-268.67	-132.19	-55.34
Interest & Investment Income	1,163	1,375	1,260	1,059	743.03
Earnings From Equity Investments	30.93	-29.07	54.74	4.12	-
Currency Exchange Gain (Loss)	286	-49.54	97.08	-1,460	313.58
Other Non Operating Income (Expenses)	44.79	108.15	-368.48	95.68	149.52
EBT Excluding Unusual Items	-1,509	-5,695	-10,062	-9,108	-5,527
Gain (Loss) on Sale of Investments	500.53	-261.99	-224.36	25.06	591.51
Asset Writedown	-	-137.52	-81.81	-30.85	-34.59
Other Unusual Items	-117.31	234.25	29.34	-	132.86
Pretax Income	-1,126	-5,860	-10,339	-9,114	-4,837
Income Tax Expense	13.59	-69.78	36.81	24.73	25.99
Net Income	-1,139	-5,790	-10,376	-9,139	-4,863
Net Income to Common	-1,139	-5,790	-10,376	-9,139	-4,863
Shares Outstanding (Basic)	952	946	870	856	821
Shares Outstanding (Diluted)	952	946	870	856	821
Shares Change (YoY)	0.67%	8.64%	1.66%	4.24%	117.81%
EPS (Basic)	-1.20	-6.12	-11.92	-10.67	-5.92
EPS (Diluted)	-1.20	-6.12	-11.92	-10.67	-5.92
Free Cash Flow	-	-4,238	-1,650	-12,508	-3,417
Free Cash Flow Per Share	-	-4.48	-1.90	-14.61	-4.16
Gross Margin	18.87%	14.64%	1.74%	11.62%	12.66%
Operating Margin	-3.46%	-16.53%	-35.33%	-32.30%	-31.82%
Profit Margin	-1.49%	-14.17%	-33.82%	-34.03%	-23.17%
Free Cash Flow Margin	-	-10.37%	-5.38%	-46.58%	-16.28%
EBITDA	-494.81	-4,596	-8,912	-7,643	-6,069
EBITDA Margin	-0.65%	-11.24%	-29.05%	-28.46%	-28.92%
D&A For EBITDA	2,159	2,159	1,925	1,032	608.76
EBIT	-2,654	-6,755	-10,837	-8,675	-6,678
EBIT Margin	-3.46%	-16.53%	-35.33%	-32.30%	-31.82%
Revenue as Reported	76,720	40,866	30,676	26,855	20,988

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.