XPENG Reports First Quarter 2026 Unaudited Financial Results
Rhea-AI Summary
XPENG (NYSE:XPEV) reported unaudited Q1 2026 results with total revenues of RMB13.03 billion, down 17.6% year-over-year, as vehicle deliveries fell 33.3% to 62,682.
Gross margin reached 20.6%, up 5.0 percentage points year-over-year, while net loss widened to RMB1.78 billion. Cash position was RMB42.09 billion at March 31, 2026. April deliveries were 31,011, and the tech flagship SUV XPENG GX launched on May 20, 2026. For Q2 2026, XPENG guides vehicle deliveries of 100,000–106,000 and revenues of RMB19.60–20.80 billion, implying year-over-year revenue growth of about 7.25%–13.82%.
AI-generated analysis. Not financial advice.
Positive
- Gross margin 20.6% in Q1 2026, up 5.0 percentage points year-over-year
- Vehicle margin 12.1% in Q1 2026, up 1.6 percentage points year-over-year
- Services and others revenue up 41.2% year-over-year to RMB2.03 billion
- Cash position of RMB42.09 billion as of March 31, 2026
- Q2 2026 revenue guidance RMB19.60–20.80 billion, 7.25%–13.82% year-over-year growth
- Q2 2026 delivery guidance 100,000–106,000 vehicles, 59.54%–69.11% quarter-over-quarter growth
- XPENG network at 733 stores and 3,455 charging stations as of March 31, 2026
- Launch of XPENG GX tech flagship SUV on May 20, 2026
Negative
- Q1 2026 vehicle deliveries down 33.3% year-over-year to 62,682
- Q1 2026 total revenue down 17.6% year-over-year and 41.4% quarter-over-quarter
- Vehicle sales revenue down 23.5% year-over-year and 42.3% quarter-over-quarter
- Q1 2026 net loss RMB1.78 billion versus RMB0.66 billion loss a year earlier and RMB0.38 billion profit in Q4 2025
- Q1 2026 loss from operations RMB1.87 billion versus RMB1.04 billion a year earlier
- Cash position declined from RMB47.66 billion at December 31, 2025 to RMB42.09 billion at March 31, 2026
- Q1 2026 services and others margin down from 70.8% in Q4 2025 to 66.5%
- Q1 2026 other income RMB0.18 billion, down 66.5% year-over-year due to lower subsidies
News Market Reaction – XPEV
On the day this news was published, XPEV declined 0.06%, reflecting a mild negative market reaction. Argus tracked a peak move of +3.2% during that session. Our momentum scanner triggered 11 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $9M from the company's valuation, bringing the market cap to $15.75B at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Momentum scanner shows LI down 4.12%, while broader auto peers like NIO (+10.36%) and F (+3.05%) in the sector snapshot were higher. With only one peer in momentum and mixed peer moves, trading appears more company-specific than a clear sector-wide shift.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Mar 20 | Q4/FY 2025 earnings | Positive | -8.4% | Strong FY 2025 growth and record Q4 margins with positive net profit. |
| Nov 17 | Q3 2025 earnings | Positive | -10.3% | Q3 2025 deliveries and revenue more than doubled with margin gains. |
| Aug 19 | Q2 2025 earnings | Positive | +4.2% | Record Q2 2025 revenues and deliveries with sharply higher margins. |
| May 21 | Q1 2025 earnings | Positive | +13.0% | Q1 2025 revenue and deliveries surged with clear margin improvement. |
| Mar 31 | Q1 2025 deliveries | Positive | +1.2% | First quarter 2025 deliveries grew over 300% year-over-year with strong momentum. |
Earnings releases have often been strong operationally, but market reactions are mixed, with both rallies and notable sell-offs on positive results.
Over the last year, XPENG’s earnings reports highlighted rapid growth and improving margins. Q1 2025 and Q2 2025 showed surging deliveries and rising gross and vehicle margins. Q3 and Q4 2025 continued this trend, with FY 2025 revenues of RMB76.72B and gross margin of 18.9%, plus a profitable Q4. Despite these positives, share-price reactions ranged from double-digit gains to steep declines, underscoring volatile sentiment around results.
Historical Comparison
Across 5 prior earnings-related releases, XPENG’s average next-day move was roughly flat at -0.06%, with both sharp rallies and declines following strong fundamentals.
Earnings updates show a progression from rapid 2025 volume and revenue growth toward improved margins and a profitable Q4 2025, alongside growing cash reserves and an expanding network.
Market Pulse Summary
This announcement details Q1 2026 results marked by weaker scale but firmer margins. Deliveries fell to 62,682 and revenues to RMB13.03B, while gross margin improved to 20.6% and vehicle margin to 12.1%. Net loss widened to RMB1.78B and cash declined to RMB42.09B. Compared with prior earnings, the update shifts focus from rapid growth to managing profitability and cash, with upcoming delivery and revenue trends key to watch.
Key Terms
non-gaap financial
ads financial
derivative liability financial
contingent consideration financial
robotaxis technical
AI-generated analysis. Not financial advice.
- Cash position[i] was
RMB42.09 billion (US ) as of March 31, 2026$6.10 billion - Quarterly total revenues were
RMB13.03 billion , a17.6% decrease year-over-year - Quarterly gross margin was
20.6% , an increase of 5.0 percentage points over the same period of 2025 - Quarterly vehicle margin was
12.1% , an increase of 1.6 percentage points over the same period of 2025
Operational and Financial Highlights for the Three Months Ended March 31, 2026
2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 | 2024Q4 | |
Total deliveries | 62,682 | 116,249 | 116,007 | 103,181 | 94,008 | 91,507 |
- Total deliveries of vehicles were 62,682 for the first quarter of 2026, representing a decrease of
33.3% from 94,008 in the corresponding period of 2025.
- XPENG's physical sales network had a total of 733 stores, covering 256 cities as of March 31, 2026.
- XPENG self-operated charging station network reached 3,455 stations, including 2,398 XPENG ultra-fast charging stations as of March 31, 2026.
- Total revenues were
RMB13.03 billion (US ) for the first quarter of 2026, representing a decrease of$1.89 billion 17.6% from the same period of 2025, and a decrease of41.4% from the fourth quarter of 2025.
- Revenues from vehicle sales were
RMB11.00 billion (US ) for the first quarter of 2026, representing a decrease of$1.59 billion 23.5% from the same period of 2025, and a decrease of42.3% from the fourth quarter of 2025.
- Gross margin was
20.6% for the first quarter of 2026, compared with15.6% for the same period of 2025 and21.3% for the fourth quarter of 2025.
- Vehicle margin, which is gross profit of vehicle sales as a percentage of vehicle sales revenue, was
12.1% for the first quarter of 2026, compared with10.5% for the same period of 2025 and13.0% for the fourth quarter of 2025.
- Net loss was
RMB1.78 billion (US ) for the first quarter of 2026, compared with a loss of$0.26 billion RMB0.66 billion for the same period of 2025 and a profit ofRMB0.38 billion for the fourth quarter of 2025. Excluding share-based compensation expenses and fair value loss (gain) on derivative liability relating to the contingent consideration, non-GAAP net loss wasRMB1.69 billion (US ) for the first quarter of 2026, compared with a loss of$0.24 billion RMB0.43 billion for the same period of 2025 and a profit ofRMB0.51 billion for the fourth quarter of 2025.
- Net loss attributable to ordinary shareholders of XPENG was
RMB1.78 billion (US ) for the first quarter of 2026, compared with a loss of$0.26 billion RMB0.66 billion for the same period of 2025 and a profit ofRMB0.38 billion for the fourth quarter of 2025. Excluding share-based compensation expenses and fair value loss (gain) on derivative liability relating to the contingent consideration, non-GAAP net loss attributable to ordinary shareholders of XPENG wasRMB1.69 billion (US ) for the first quarter of 2026, compared with a loss of$0.24 billion RMB0.43 billion for the same period of 2025 and a profit ofRMB0.51 billion for the fourth quarter of 2025.
- Basic and diluted net loss per American depositary share (ADS) were both
RMB1.87 (US ) and basic and diluted net loss per ordinary share were both$0.27 RMB0.93 (US ) for the first quarter of 2026. Each ADS represents two Class A ordinary shares.$0.14
- Non-GAAP basic and diluted net loss per ADS were both
RMB1.76 (US ), and non-GAAP basic and diluted net loss per ordinary share were both$0.26 RMB0.88 (US ) for the first quarter of 2026.$0.13
- Cash position was
RMB42.09 billion (US ) as of March 31, 2026, compared with$6.10 billion RMB47.66 billion as of December 31, 2025.
[i] Cash position includes cash and cash equivalents, restricted cash, short-term investments and time deposits. Time deposits include restricted short-term deposits, short-term deposits, current portion and non-current portion of restricted long-term deposits, current portion and non-current portion of long-term deposits. |
Key Financial Results | |||||
(in RMB billions, except for percentages) | |||||
For the Three Months Ended | % Change[ii] | ||||
March 31, | December 31, | March 31, | |||
2026 | 2025 | 2025 | YoY | QoQ | |
Vehicle sales | 11.00 | 19.07 | 14.37 | -23.5 % | -42.3 % |
Vehicle margin | 12.1 % | 13.0 % | 10.5 % | 1.6pts | -0.9pts |
Total revenues | 13.03 | 22.25 | 15.81 | -17.6 % | -41.4 % |
Gross profit | 2.68 | 4.74 | 2.46 | 9.1 % | -43.4 % |
Gross margin | 20.6 % | 21.3 % | 15.6 % | 5.0pts | -0.7pts |
Net (loss) profit | (1.78) | 0.38 | (0.66) | 168.7 % | N/A |
Non-GAAP net (loss) | (1.69) | 0.51 | (0.43) | 295.9 % | N/A |
Net (loss) profit | (1.78) | 0.38 | (0.66) | 168.7 % | N/A |
Non-GAAP net (loss) | (1.69) | 0.51 | (0.43) | 295.9 % | N/A |
Comprehensive (loss) | (2.06) | 0.22 | (0.69) | 198.4 % | N/A |
[ii] Except for vehicle margin and gross margin, where absolute changes instead of percentage changes are presented | |||||
Management Commentary
"Kickstarted by the successful launch of the GX, XPENG will deliver four new models this year, positioning us for a robust sales growth trajectory," said Mr. Xiaopeng He, Chairman and CEO of XPENG. "This year, I am dedicated to leading our team to achieve the mass production of Robotaxis and humanoid robots. We are nurturing a global business ecosystem to transform physical AI technologies into new growth drivers for revenue and profit."
"For the first quarter of 2026, our gross margin surpassed
Recent Developments
Deliveries in April 2026
- Total deliveries were 31,011 vehicles in April 2026.
- As of April 30, 2026, year-to-date total deliveries were 93,693 vehicles.
Launch of XPENG GX
On May 20, 2026, XPENG launched the XPENG GX, its tech flagship SUV.
Unaudited Financial Results for the Three Months Ended March 31, 2026
Total revenues were
Revenues from vehicle sales were
Revenues from services and others were
Cost of sales was
Gross margin was
Vehicle margin was
Services and others margin was
Research and development expenses were
Selling, general and administrative expenses were
Other income, net was
Fair value (loss) gain on derivative liability relating to the contingent consideration was a gain of
Loss from operations was
Non-GAAP loss from operations, which excludes share-based compensation expenses and fair value loss (gain) on derivative liability relating to the contingent consideration, was
Net loss was
Non-GAAP net loss, which excludes share-based compensation expenses and fair value loss (gain) on derivative liability relating to the contingent consideration, was
Net loss attributable to ordinary shareholders of XPENG was
Non-GAAP net loss attributable to ordinary shareholders of XPENG, which excludes share-based compensation expenses and fair value loss (gain) on derivative liability relating to the contingent consideration, was
Basic and diluted net loss per ADS were both
Non-GAAP basic and diluted net loss per ADS were both
Balance Sheets
As of March 31, 2026, the Company had a cash position of
Business Outlook
For the second quarter of 2026, the Company expects:
- Deliveries of vehicles to be between 100,000 and 106,000, representing a year-over-year change of approximately -
3.08% to +2.73% , and a quarter-over-quarter increase of approximately59.54% to69.11% .
- Total revenues to be between
RMB19.60 billion andRMB20.80 billion , representing a year-over-year increase of approximately7.25% to13.82% , and a quarter-over-quarter increase of approximately50.38% to59.59% .
The above outlook is based on the current market conditions and reflects the Company's preliminary estimates of market and operating conditions, and customer demand, which are all subject to change.
Conference Call
The Company's management will host an earnings conference call at 7:00 AM
For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration process and dial in 5 minutes prior to the scheduled call start time. Upon registration, each participant will receive dial-in details to join the conference call.
Event Title: XPENG First Quarter 2026 Earnings Conference Call
Pre-registration link: https://s1.c-conf.com/diamondpass/10054534-c1s7jl.html
Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at http://ir.xiaopeng.com.
A replay of the conference call will be accessible approximately an hour after the conclusion of the call until June 4, 2026, by dialing the following telephone numbers:
+1-855-883-1031 | |
International: | +61-7-3107-6325 |
800-930-639 | |
Chinese Mainland: | 400-120-9216 |
Replay Access Code: | 10054534 |
About XPENG
XPENG is a leading Chinese Smart EV and NEV company that designs, develops, manufactures, and markets Smart EVs and NEVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to become a smart technology company trusted and loved by users worldwide. In order to optimize its customers' mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in
Use of Non-GAAP Financial Measures
The Company uses non-GAAP measures, such as non-GAAP (loss) profit from operations, non-GAAP net (loss) profit, non-GAAP net (loss) profit attributable to ordinary shareholders, non-GAAP basic (loss) profit per ordinary share and non-GAAP basic (loss) profit per ADS, in evaluating its operating results and for financial and operational decision-making purposes. By excluding the impact of share-based compensation expenses and fair value loss (gain) on derivative liability relating to the contingent consideration, the Company believes that the non-GAAP financial measures help identify underlying trends in its business and enhance the overall understanding of the Company's past performance and future prospects. The Company also believes that the non-GAAP financial measures allow for greater visibility with respect to key metrics used by the Company's management in its financial and operational decision-making. The non-GAAP financial measures are not presented in accordance with
For more information on the non-GAAP financial measures, please see the table captioned "Unaudited Reconciliations of GAAP and non-GAAP Results" set forth in this announcement.
Exchange Rate Information
This announcement contains translations of certain RMB amounts into
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about XPENG's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPENG's goal and strategies; XPENG's expansion plans; XPENG's future business development, financial condition and results of operations; the trends in, and size of,
For Investor Enquiries
IR Department
XPeng Inc.
E-mail: ir@xiaopeng.com
Jenny Cai
Piacente Financial Communications
Tel: +1-212-481-2050 or +86-10-6508-0677
E-mail: xpeng@tpg-ir.com
For Media Enquiries
PR Department
XPeng Inc.
E-mail: pr@xiaopeng.com
XPENG INC. | ||||||
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||
(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data) | ||||||
December 31, | March 31, | March 31, | ||||
2025 RMB | 2026 RMB | 2026 US$ | ||||
ASSETS
Cash and cash equivalents | 17,329,612 | 14,460,430 | 2,096,322 | |||
Restricted cash | 6,071,491 | 5,436,604 | 788,142 | |||
Short-term deposits | 11,388,834 | 9,568,321 | 1,387,115 | |||
Restricted short-term deposits | 296,277 | 1,223,833 | 177,419 | |||
Short-term investments | 3,217,293 | 3,112,654 | 451,240 | |||
Long-term deposits, current portion | 3,020,317 | 3,453,198 | 500,609 | |||
Restricted long-term deposits, current portion | 600,472 | — | — | |||
Derivative assets | — | 2,203 | 319 | |||
Accounts and notes receivable, net | 1,996,917 | 1,078,429 | 156,339 | |||
Installment payment receivables, net, current portion | 3,553,054 | 3,213,713 | 465,891 | |||
Inventory | 10,380,668 | 13,291,855 | 1,926,914 | |||
Amounts due from related parties | 102,219 | 119,406 | 17,310 | |||
Prepayments and other current assets, net | 5,296,673 | 5,707,084 | 827,353 | |||
Total current assets | 63,253,827 | 60,667,730 | 8,794,973 | |||
Non-current assets Long-term deposits | 4,263,542 | 3,354,922 | 486,362 | |||
Restricted long-term deposits | 1,468,708 | 1,476,815 | 214,093 | |||
Property, plant and equipment, net | 13,527,237 | 17,421,250 | 2,525,551 | |||
Right-of-use assets, net | 3,730,921 | 1,187,653 | 172,174 | |||
Intangible assets, net | 4,253,168 | 4,120,041 | 597,281 | |||
Land use rights, net | 3,216,526 | 3,491,040 | 506,095 | |||
Installment payment receivables, net | 6,496,020 | 5,866,931 | 850,526 | |||
Long-term investments | 2,523,037 | 2,817,726 | 408,484 | |||
Other non-current assets | 429,644 | 408,481 | 59,217 | |||
Total non-current assets | 39,908,803 | 40,144,859 | 5,819,783 | |||
Total assets | 103,162,630 | 100,812,589 | 14,614,756 | |||
XPENG INC. | |||||||
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS | |||||||
(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data) | |||||||
December 31, | March 31, | March 31, | |||||
2025 | 2026 | 2026 | |||||
LIABILITIES | |||||||
Current liabilities | |||||||
Short-term borrowings | 4,282,000 | 6,764,000 | 980,574 | ||||
Accounts payable | 18,001,675 | 13,077,399 | 1,895,825 | ||||
Notes payable | 19,161,724 | 17,817,244 | 2,582,958 | ||||
Amounts due to related parties | 1,064 | 2,532 | 367 | ||||
Income taxes payable | 44,682 | 25,921 | 3,758 | ||||
Derivative liabilities | 281,009 | 227,709 | 33,011 | ||||
Operating lease liabilities, current portion | 445,901 | 327,703 | 47,507 | ||||
Finance lease liabilities, current portion | 55,581 | 84,002 | 12,178 | ||||
Deferred revenue, current portion | 1,463,065 | 1,753,105 | 254,147 | ||||
Long-term borrowings, current portion | 1,837,950 | 790,251 | 114,562 | ||||
Accruals and other liabilities | 12,538,698 | 12,463,653 | 1,806,850 | ||||
Total current liabilities | 58,113,349 | 53,333,519 | 7,731,737 | ||||
Non-current liabilities | |||||||
Long-term borrowings | 6,588,865 | 9,004,823 | 1,305,425 | ||||
Operating lease liabilities | 4,246,599 | 2,066,919 | 299,640 | ||||
Finance lease liabilities | 740,576 | 4,644,769 | 673,350 | ||||
Deferred revenue | 1,206,014 | 1,275,748 | 184,945 | ||||
Deferred tax liabilities | 330,353 | 330,353 | 47,891 | ||||
Other non-current liabilities | 1,568,284 | 1,696,838 | 245,990 | ||||
Total non-current liabilities | 14,680,691 | 19,019,450 | 2,757,241 | ||||
Total liabilities | 72,794,040 | 72,352,969 | 10,488,978 | ||||
SHAREHOLDERS' EQUITY | |||||||
Class A Ordinary shares | 105 | 105 | 15 | ||||
Class B Ordinary shares | 21 | 21 | 3 | ||||
Additional paid-in capital | 71,236,011 | 71,385,560 | 10,348,733 | ||||
Statutory and other reserves | 137,720 | 151,302 | 21,934 | ||||
Accumulated deficit | (42,767,710) | (44,565,392) | (6,460,625) | ||||
Accumulated other comprehensive income | 1,762,443 | 1,488,024 | 215,718 | ||||
Total shareholders' equity | 30,368,590 | 28,459,620 | 4,125,778 | ||||
Total liabilities and shareholders' equity | 103,162,630 | 100,812,589 | 14,614,756 | ||||
XPENG INC. | |||||||
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF | |||||||
(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data) | |||||||
Three Months Ended | |||||||
March 31, | December 31, | March 31, | March 31, | ||||
2025 | 2025 | 2026 | 2026 | ||||
Revenues | |||||||
Vehicle sales | 14,369,298 | 19,072,174 | 10,999,321 | 1,594,567 | |||
Services and others | 1,441,330 | 3,181,585 | 2,034,460 | 294,935 | |||
Total revenues | 15,810,628 | 22,253,759 | 13,033,781 | 1,889,502 | |||
Cost of sales | |||||||
Vehicle sales | (12,866,303) | (16,583,754) | (9,669,451) | (1,401,776) | |||
Services and others | (484,795) | (928,199) | (681,737) | (98,831) | |||
Total cost of sales | (13,351,098) | (17,511,953) | (10,351,188) | (1,500,607) | |||
Gross profit | 2,459,530 | 4,741,806 | 2,682,593 | 388,895 | |||
Operating expenses | |||||||
Research and development expenses | (1,980,724) | (2,874,248) | (2,906,991) | (421,425) | |||
Selling, general and administrative | (1,946,064) | (2,792,254) | (1,883,438) | (273,041) | |||
Other income, net | 544,040 | 839,694 | 182,249 | 26,421 | |||
Fair value (loss) gain on derivative | (118,229) | 40,744 | 51,113 | 7,410 | |||
Total operating expenses, net | (3,500,977) | (4,786,064) | (4,557,067) | (660,635) | |||
Loss from operations | (1,041,447) | (44,258) | (1,874,474) | (271,740) | |||
Interest income | 291,227 | 262,919 | 257,166 | 37,281 | |||
Interest expense | (128,935) | (76,485) | (164,994) | (23,919) | |||
Fair value loss on derivative assets or | — | — | (101) | (15) | |||
Investment gain on long-term | 79,653 | 265,364 | 169,117 | 24,517 | |||
Exchange gain (loss) from foreign | 130,448 | (12,994) | (148,728) | (21,561) | |||
Other non-operating income (expenses), | 20,275 | 22,173 | (959) | (139) | |||
(Loss) profit before income tax | (648,779) | 416,719 | (1,762,973) | (255,576) | |||
Income tax expenses | (7,991) | (22,128) | (9,251) | (1,341) | |||
Share of results of equity method | (7,276) | (11,383) | (11,876) | (1,722) | |||
Net (loss) profit | (664,046) | 383,208 | (1,784,100) | (258,639) | |||
Net (loss) profit attributable to | (664,046) | 383,208 | (1,784,100) | (258,639) | |||
XPENG INC. | |||||||
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF | |||||||
(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data) | |||||||
Three Months Ended | |||||||
March 31, | December 31, | March 31, | March 31, | ||||
2025 | 2025 | 2026 | 2026 | ||||
Net (loss) profit | (664,046) | 383,208 | (1,784,100) | (258,639) | |||
Other comprehensive loss | |||||||
Foreign currency translation | (25,710) | (166,194) | (274,419) | (39,782) | |||
Total comprehensive (loss) profit | (689,756) | 217,014 | (2,058,519) | (298,421) | |||
Comprehensive (loss) profit | (689,756) | 217,014 | (2,058,519) | (298,421) | |||
Weighted average number of | |||||||
Basic | 1,899,365,591 | 1,908,651,262 | 1,910,568,643 | 1,910,568,643 | |||
Diluted | 1,899,365,591 | 1,934,719,272 | 1,910,568,643 | 1,910,568,643 | |||
Net (loss) profit per ordinary share | |||||||
Basic | (0.35) | 0.20 | (0.93) | (0.14) | |||
Diluted | (0.35) | 0.20 | (0.93) | (0.14) | |||
Weighted average number of ADS | |||||||
Basic | 949,682,796 | 954,325,631 | 955,284,322 | 955,284,322 | |||
Diluted | 949,682,796 | 967,359,636 | 955,284,322 | 955,284,322 | |||
Net (loss) profit per ADS | |||||||
Basic | (0.70) | 0.40 | (1.87) | (0.27) | |||
Diluted | (0.70) | 0.40 | (1.87) | (0.27) | |||
XPENG INC. | ||||||||
UNAUDITED RECONCILIATIONS OF GAAP AND | ||||||||
(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data) | ||||||||
Three Months Ended | ||||||||
March 31, | December 31, | March 31, | March 31, | |||||
2025 | 2025 | 2026 | 2026 | |||||
Loss from operations | (1,041,447) | (44,258) | (1,874,474) | (271,740) | ||||
Fair value loss (gain) on derivative liability | 118,229 | (40,744) | (51,113) | (7,410) | ||||
Share-based compensation expenses | 120,028 | 162,629 | 149,549 | 21,680 | ||||
Non-GAAP (loss) profit from operations | (803,190) | 77,627 | (1,776,038) | (257,470) | ||||
Net (loss) profit | (664,046) | 383,208 | (1,784,100) | (258,639) | ||||
Fair value loss (gain) on derivative liability | 118,229 | (40,744) | (51,113) | (7,410) | ||||
Share-based compensation expenses | 120,028 | 162,629 | 149,549 | 21,680 | ||||
Non-GAAP net (loss) profit | (425,789) | 505,093 | (1,685,664) | (244,369) | ||||
Net (loss) profit attributable to ordinary | (664,046) | 383,208 | (1,784,100) | (258,639) | ||||
Fair value loss (gain) on derivative liability | 118,229 | (40,744) | (51,113) | (7,410) | ||||
Share-based compensation expenses | 120,028 | 162,629 | 149,549 | 21,680 | ||||
Non-GAAP net (loss) profit attributable | (425,789) | 505,093 | (1,685,664) | (244,369) | ||||
Weighted average number of ordinary | ||||||||
Basic | 1,899,365,591 | 1,908,651,262 | 1,910,568,643 | 1,910,568,643 | ||||
Diluted | 1,899,365,591 | 1,934,719,272 | 1,910,568,643 | 1,910,568,643 | ||||
Non-GAAP net (loss) profit per ordinary | ||||||||
Basic | (0.22) | 0.26 | (0.88) | (0.13) | ||||
Diluted | (0.22) | 0.26 | (0.88) | (0.13) | ||||
Weighted average number of ADS used | ||||||||
Basic | 949,682,796 | 954,325,631 | 955,284,322 | 955,284,322 | ||||
Diluted | 949,682,796 | 967,359,636 | 955,284,322 | 955,284,322 | ||||
Non-GAAP net (loss) profit per ADS | ||||||||
Basic | (0.45) | 0.53 | (1.76) | (0.26) | ||||
Diluted | (0.45) | 0.52 | (1.76) | (0.26) | ||||
View original content:https://www.prnewswire.com/news-releases/xpeng-reports-first-quarter-2026-unaudited-financial-results-302784231.html
SOURCE XPeng Inc.