STOCK TITAN
  1. Home
  2. Financials
  3. XPNGF

XPENG INC Financials

XPNGF
Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2020 Currency USD FYE December

This page shows XPENG INC (XPNGF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI XPNGF FY2020

XPeng’s FY2020 numbers show a cash-rich, equity-funded buildout where thin gross profit cannot yet carry operating costs.

The most revealing mismatch is between accounting loss and cash burn: net income was -$418.7M, yet operating cash flow was only -$21.4M. That means reported losses were not draining cash one-for-one, but capital spending still pulled free cash flow to -$145.0M, so the business looked more constrained by reinvestment needs than by day-to-day working cash use.

Cash of $4.48B and a current ratio of 5.1x leave near-term obligations lightly constraining the business, which is unusual relative to the size of its operating losses. That cushion is externally funded liquidity, because financing cash flow of $5.26B rather than operations supplied the balance-sheet strength visible at year-end.

A gross margin of 4.6% on $895.7M of revenue leaves very little room to absorb the rest of the cost structure, so profitability depends first on improving unit economics, not just trimming overhead. That is why R&D spending at $264.5M and SG&A at $447.6M dominate the income statement: the organization is scaled ahead of the gross profit base.

Generated by Rhea from SEC filings [ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score pending refresh

We are recalculating XPENG INC's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Altman Z-Score Safe
5.46

XPENG INC scores 5.46, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($13.5B) relative to total liabilities ($1.6B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Earnings Quality Low Quality
0.05x

For every $1 of reported earnings, XPENG INC generates $0.05 in operating cash flow (-$21.4M OCF vs -$418.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk
-191.2x

XPENG INC earns $-191.2 in operating income for every $1 of interest expense (-$658.0M vs $3.4M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue
$895.7M

XPENG INC generated $895.7M in revenue in fiscal year 2020.

EBITDA
-$608.5M

XPENG INC's EBITDA was -$608.5M in fiscal year 2020, measuring earnings before interest, taxes, depreciation, and amortization.

Net Income
-$418.7M

XPENG INC reported -$418.7M in net income in fiscal year 2020.

EPS (Diluted)
N/A

Cash & Balance Sheet

Free Cash Flow
-$145.0M

XPENG INC generated -$145.0M in free cash flow in fiscal year 2020, representing cash available after capex.

Cash & Debt
$4.5B

XPENG INC held $4.5B in cash against $252.1M in long-term debt as of fiscal year 2020.

Dividends Per Share
N/A
Shares Outstanding
N/A

Margins & Returns

Gross Margin
4.5%

XPENG INC's gross margin was 4.5% in fiscal year 2020, indicating the percentage of revenue retained after direct costs.

Operating Margin
-73.5%

XPENG INC's operating margin was -73.5% in fiscal year 2020, reflecting core business profitability.

Net Margin
-46.8%

XPENG INC's net profit margin was -46.8% in fiscal year 2020, showing the share of revenue converted to profit.

Return on Equity
-7.9%

XPENG INC's ROE was -7.9% in fiscal year 2020, measuring profit generated per dollar of shareholder equity.

Capital Allocation

R&D Spending
$264.5M

XPENG INC invested $264.5M in research and development in fiscal year 2020.

Share Buybacks
N/A
Capital Expenditures
$123.5M

XPENG INC invested $123.5M in capex in fiscal year 2020, funding long-term assets and infrastructure.

XPNGF Income Statement

Metric Q4'20
Revenue N/A
Cost of Revenue N/A
Gross Profit N/A
R&D Expenses N/A
SG&A Expenses N/A
Operating Income N/A
Interest Expense N/A
Income Tax N/A
Net Income N/A
EPS (Diluted) N/A

XPNGF Balance Sheet

Metric Q4'20
Total Assets $6.9B
Current Assets $6.1B
Cash & Equivalents $4.5B
Inventory $205.8M
Accounts Receivable $173.0M
Goodwill N/A
Total Liabilities $1.6B
Current Liabilities $1.2B
Long-Term Debt $252.1M
Total Equity $5.3B
Retained Earnings -$1.7B

XPNGF Cash Flow Statement

Metric Q4'20
Operating Cash Flow N/A
Capital Expenditures N/A
Free Cash Flow N/A
Investing Cash Flow N/A
Financing Cash Flow N/A
Dividends Paid N/A
Share Buybacks N/A

XPNGF Financial Ratios

Metric Q4'20
Gross Margin N/A
Operating Margin N/A
Net Margin N/A
Return on Equity N/A
Return on Assets N/A
Current Ratio 5.06
Debt-to-Equity 0.05
FCF Margin N/A

Frequently Asked Questions

XPENG INC (XPNGF) reported $895.7M in total revenue for fiscal year 2020. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

No, XPENG INC (XPNGF) reported a net income of -$418.7M in fiscal year 2020, with a net profit margin of -46.8%.

XPENG INC (XPNGF) had EBITDA of -$608.5M in fiscal year 2020, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2020, XPENG INC (XPNGF) had $4.5B in cash and equivalents against $252.1M in long-term debt.

XPENG INC (XPNGF) had a gross margin of 4.5% in fiscal year 2020, indicating the percentage of revenue retained after direct costs of goods sold.

XPENG INC (XPNGF) had an operating margin of -73.5% in fiscal year 2020, reflecting the profitability of core business operations before interest and taxes.

XPENG INC (XPNGF) had a net profit margin of -46.8% in fiscal year 2020, representing the share of revenue converted into profit after all expenses.

XPENG INC (XPNGF) has a return on equity of -7.9% for fiscal year 2020, measuring how efficiently the company generates profit from shareholder equity.

XPENG INC (XPNGF) generated -$145.0M in free cash flow during fiscal year 2020. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

XPENG INC (XPNGF) generated -$21.4M in operating cash flow during fiscal year 2020, representing cash generated from core business activities.

XPENG INC (XPNGF) had $6.9B in total assets as of fiscal year 2020, including both current and long-term assets.

XPENG INC (XPNGF) invested $123.5M in capital expenditures during fiscal year 2020, funding long-term assets and infrastructure.

XPENG INC (XPNGF) invested $264.5M in research and development during fiscal year 2020.

XPENG INC (XPNGF) had a current ratio of 5.06 as of fiscal year 2020, which is generally considered healthy.

XPENG INC (XPNGF) had a debt-to-equity ratio of 0.05 as of fiscal year 2020, measuring the company's financial leverage by comparing total debt to shareholder equity.

XPENG INC (XPNGF) had a return on assets of -6.1% for fiscal year 2020, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2020 data, XPENG INC (XPNGF) had $4.5B in cash against an annual operating cash burn of $21.4M. This gives an estimated cash runway of approximately 2508 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

XPENG INC (XPNGF) has an Altman Z-Score of 5.46, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

XPENG INC (XPNGF) has an earnings quality ratio of 0.05x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

XPENG INC (XPNGF) has an interest coverage ratio of -191.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Back to top