XPENG Reports Second Quarter 2026 Unaudited Financial Results
Rhea-AI Summary
XPENG (NYSE:XPEV) reported unaudited Q2 2026 results with total revenues of RMB19.74 billion (US$2.91 billion), up 8.0% year-over-year and 51.5% quarter-over-quarter. Vehicle sales revenue reached RMB17.05 billion, while services and others revenue rose to RMB2.70 billion, aided by technical R&D services and parts sales.
Gross profit was RMB4.08 billion, with gross margin at 20.7%. Vehicle margin was 12.1% and services and others margin 75.1%. XPENG posted a net loss of RMB1.34 billion and non-GAAP net loss of RMB1.24 billion. Cash position stood at RMB40.48 billion. Q2 deliveries were 103,295 vehicles, and July deliveries were 38,027. A Dogotix subsidiary share subscription agreement was signed for US$900 million. For Q3 2026, XPENG guides deliveries of 115,000–121,000 and revenues of RMB21.7–23.4 billion.
Positive
- Total revenues RMB19.74 billion, up 8.0% YoY and 51.5% QoQ
- Gross profit RMB4.08 billion, with gross margin improving to 20.7%
- Services and others revenue RMB2.70 billion, up 93.9% YoY
- Non-GAAP net loss RMB1.24 billion, improved from RMB1.69 billion in Q1 2026
- Cash position RMB40.48 billion as of June 30, 2026
- Dogotix share subscription US$900 million agreed for newly issued shares
- Q3 2026 guidance deliveries 115,000–121,000 and revenue RMB21.7–23.4 billion
Negative
- Net loss RMB1.34 billion, widening from RMB0.48 billion in Q2 2025
- Non-GAAP net loss RMB1.24 billion, up from RMB0.39 billion a year earlier
- Vehicle margin 12.1%, down from 14.3% in Q2 2025
- R&D expenses RMB2.91 billion, up 32.1% year-over-year
- Selling, general and administrative expenses RMB2.50 billion, up 15.2% YoY and 32.5% QoQ
- Cash position declined to RMB40.48 billion from RMB42.09 billion in Q1 2026
- Other income RMB0.14 billion, down 42.2% YoY due to lower government subsidies
News Explained
XPENG’s Dogotix subsidiary has entered—not completed—a conditional agreement to issue new shares to subscribers for
Market Reaction – XPEV
Following this news, XPEV has declined 2.79%, reflecting a moderate negative market reaction. Our momentum scanner has triggered 14 alerts so far, indicating notable trading interest and price volatility. The stock is currently trading at $11.85. Trading volume is exceptionally heavy at 14.6x the average, suggesting significant selling pressure.
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Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 28 | Q1 earnings report | Negative | -0.1% | Revenue declined year-over-year while vehicle deliveries fell and net loss widened. |
| Mar 20 | FY2025 earnings report | Positive | -8.4% | Record deliveries, revenue growth, margin expansion and quarterly net profit were reported. |
| Nov 17 | Q3 earnings report | Positive | -10.3% | Deliveries, revenue and gross margin increased year-over-year despite a reported net loss. |
| Aug 19 | Q2 earnings report | Positive | +4.2% | Record revenue, stronger margins and a narrower net loss were reported. |
| May 21 | Q1 earnings report | Positive | +13.0% | Revenue and deliveries surged while margins improved and net loss narrowed. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Earnings reactions were mixed: three aligned with release sentiment and two diverged, including negative reactions to two positive reports.
Key Terms
cash position financial
gross margin financial
non-gaap financial
derivative liability financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
- Cash position[i] was
RMB40.48 billion (US ) as of June 30, 2026$5.97 billion - Quarterly total revenues were
RMB19.74 billion , a51.5% increase quarter-over-quarter - Quarterly gross margin was
20.7% , an increase of 3.4 percentage points over the same period of 2025 - Quarterly vehicle margin was
12.1% , remained relatively stable quarter-over-quarter
Operational and Financial Highlights for the Three Months Ended June 30, 2026
2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 | |
Total deliveries | 103,295 | 62,682 | 116,249 | 116,007 | 103,181 | 94,008 |
- Total deliveries of vehicles were 103,295 for the second quarter of 2026, representing an increase of
0.1% from 103,181 in the corresponding period of 2025. - XPENG's physical sales network had a total of 740 stores, covering 257 cities as of June 30, 2026.
- XPENG self-operated charging station network reached 3,780 stations, including 2,720 XPENG ultra-fast charging stations as of June 30, 2026.
- Total revenues were
RMB19.74 billion (US ) for the second quarter of 2026, representing an increase of$2.91 billion 8.0% from the same period of 2025, and an increase of51.5% from the first quarter of 2026. - Revenues from vehicle sales were
RMB17.05 billion (US ) for the second quarter of 2026, representing an increase of$2.51 billion 1.0% from the same period of 2025, and an increase of55.0% from the first quarter of 2026. - Gross margin was
20.7% for the second quarter of 2026, compared with17.3% for the same period of 2025 and20.6% for the first quarter of 2026. - Vehicle margin, which is gross profit of vehicle sales as a percentage of vehicle sales revenue, was
12.1% for the second quarter of 2026, compared with14.3% for the same period of 2025 and12.1% for the first quarter of 2026. - Net loss was
RMB1.34 billion (US ) for the second quarter of 2026, compared with a loss of$0.20 billion RMB0.48 billion for the same period of 2025 and a loss ofRMB1.78 billion for the first quarter of 2026. Excluding share-based compensation expenses and fair value gain on derivative liability relating to the contingent consideration, non-GAAP net loss wasRMB1.24 billion (US ) for the second quarter of 2026, compared with a loss of$0.18 billion RMB0.39 billion for the same period of 2025 and a loss ofRMB1.69 billion for the first quarter of 2026. - Net loss attributable to ordinary shareholders of XPENG was
RMB1.34 billion (US ) for the second quarter of 2026, compared with a loss of$0.20 billion RMB0.48 billion for the same period of 2025 and a loss ofRMB1.78 billion for the first quarter of 2026. Excluding share-based compensation expenses and fair value gain on derivative liability relating to the contingent consideration, non-GAAP net loss attributable to ordinary shareholders of XPENG wasRMB1.24 billion (US ) for the second quarter of 2026, compared with a loss of$0.18 billion RMB0.39 billion for the same period of 2025 and a loss ofRMB1.69 billion for the first quarter of 2026. - Basic and diluted net loss per American depositary share (ADS) were both
RMB1.40 (US ) and basic and diluted net loss per ordinary share were both$0.21 RMB0.70 (US ) for the second quarter of 2026. Each ADS represents two Class A ordinary shares.$0.10 - Non-GAAP basic and diluted net loss per ADS were both
RMB1.29 (US ), and non-GAAP basic and diluted net loss per ordinary share were both$0.19 RMB0.65 (US ) for the second quarter of 2026.$0.10 - Cash position was
RMB40.48 billion (US ) as of June 30, 2026, compared with$5.97 billion RMB42.09 billion as of March 31, 2026.
[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] | ||||||
June 30, | March 31, | June 30, | |||||
2026 | 2026 | 2025 | YoY | QoQ | |||
Vehicle sales | 17.05 | 11.00 | 16.88 | 1.0 % | 55.0 % | ||
Vehicle margin | 12.1 % | 12.1 % | 14.3 % | -2.2 pts | 0.0 pts | ||
Total revenues | 19.74 | 13.03 | 18.27 | 8.0 % | 51.5 % | ||
Gross profit | 4.08 | 2.68 | 3.17 | 28.9 % | 52.2 % | ||
Gross margin | 20.7 % | 20.6 % | 17.3 % | 3.4 pts | 0.1 pts | ||
Net loss | 1.34 | 1.78 | 0.48 | 179.9 % | -25.1 % | ||
Non-GAAP net loss | 1.24 | 1.69 | 0.39 | 221.1 % | -26.6 % | ||
Net loss attributable to ordinary | 1.34 | 1.78 | 0.48 | 179.9 % | -25.1 % | ||
Non-GAAP net loss attributable | 1.24 | 1.69 | 0.39 | 221.1 % | -26.6 % | ||
Comprehensive loss attributable | 1.60 | 2.06 | 0.49 | 223.4 % | -22.4 % | ||
[ii] Except for vehicle margin and gross margin, where absolute changes instead of percentage changes are presented. | |||||||
Management Commentary
"The back-to-back success of the GX and MONA L03 gives us greater confidence in our upcoming new models, as we translate our leading edge in smart technologies and design into more blockbuster products and stronger brand momentum," said Mr. Xiaopeng He, Chairman and CEO of XPENG. "The development of the mass-production version of XPENG's humanoid robot has recently reached several significant milestones. I believe XPENG will not only build one of
"During the second quarter of 2026, our operations remained resilient despite industry-wide cost pressures. Driven by breakthroughs in our premiumization and globalization efforts, our gross margin continued to exceed
Recent Developments
Deliveries in July 2026
- Total deliveries were 38,027 vehicles in July 2026.
- As of July 31, 2026, year-to-date total deliveries were 204,004 vehicles.
Launch of MONA L03
On July 16, 2026, XPENG held the global launch event of MONA L03, the Next-Gen AI SUV Coupe, in
Entering into the Dogotix Share Purchase Agreement
On August 24, 2026, Dogotix Inc. (a subsidiary of the Company) entered into a share purchase agreement (the "Dogotix Share Purchase Agreement") with, among others, certain subscribers, pursuant to which such subscribers conditionally agreed to subscribe for certain shares to be newly issued by Dogotix Inc. at an aggregate purchase price of
Unaudited Financial Results for the Three Months Ended June 30, 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 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 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 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 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 June 30, 2026, the Company had a cash position of
Business Outlook
For the third quarter of 2026, the Company expects:
- Deliveries of vehicles to be between 115,000 and 121,000, representing a year-over-year change of approximately -
0.87% to +4.30% , and a quarter-over-quarter increase of approximately11.33% to17.14% . - Total revenues to be between
RMB21.7 billion andRMB23.4 billion , representing a year-over-year increase of approximately6.47% to14.81% , and a quarter-over-quarter increase of approximately9.91% to18.52% .
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 8:00 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 Second Quarter 2026 Earnings Conference Call
Pre-registration link: https://s1.c-conf.com/diamondpass/10056093-aweri7.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 September 1, 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: | 10056093 |
About XPENG
XPENG is a leading global Physical AI company, dedicated to bringing artificial intelligence into the physical world to reshape future mobility and smart living. Through in-house R&D, XPENG has developed a full-stack Physical AI architecture spanning Turing AI chips, world foundation models, and highly integrated software and hardware applications. This unified technology foundation of XPENG powers an expansive product portfolio of smart EVs, robotaxis, and humanoid robots, advancing the deployment of Physical AI at scale. Headquartered in Guangzhou, China, XPENG is dual-primary listed on the New York Stock Exchange and the Hong Kong Stock Exchange. With global capabilities across R&D, manufacturing, sales, and services, XPENG drives continuous technological innovation and fosters an open Physical AI ecosystem, making life smarter, safer, and better for users worldwide. For more information, please visit https://www.xpeng.com/.
Use of Non-GAAP Financial Measures
The Company uses non-GAAP measures, such as non-GAAP loss from operations, non-GAAP net loss, non-GAAP net loss attributable to ordinary shareholders, non-GAAP basic loss per ordinary share and non-GAAP basic loss 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 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 U.S. GAAP and may be different from non-GAAP methods of accounting and reporting used by other companies. The non-GAAP financial measures have limitations as analytical tools and when assessing the Company's operating performance, investors should not consider them in isolation, or as a substitute for net loss or other consolidated statements of comprehensive loss data prepared in accordance with U.S. GAAP. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company's performance.
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 U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars and from U.S. dollars to RMB are made at a rate of RMB6.79 to US
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, China's EV market; XPENG's expectations regarding demand for, and market acceptance of, its products and services; XPENG's expectations regarding its relationships with customers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in XPENG's filings with the United States Securities and Exchange Commission. All information provided in this announcement is as of the date of this announcement, and XPENG does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
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, | June 30, | June 30, | |||||
2025 RMB | 2026 RMB | 2026 US$ | |||||
ASSETS | |||||||
Current assets | |||||||
Cash and cash equivalents | 17,329,612 | 14,238,387 | 2,098,479 | ||||
Restricted cash | 6,071,491 | 6,924,327 | 1,020,520 | ||||
Short-term deposits | 11,388,834 | 7,780,960 | 1,146,772 | ||||
Restricted short-term deposits | 296,277 | 1,207,694 | 177,992 | ||||
Short-term investments | 3,217,293 | 1,537,877 | 226,655 | ||||
Long-term deposits, current portion | 3,020,317 | 4,485,471 | 661,077 | ||||
Restricted long-term deposits, current portion | 600,472 | — | — | ||||
Derivative assets | — | 46,884 | 6,910 | ||||
Accounts and notes receivable, net | 1,996,917 | 1,140,279 | 168,056 | ||||
Installment payment receivables, net, current portion | 3,553,054 | 3,729,175 | 549,612 | ||||
Inventory | 10,380,668 | 13,729,266 | 2,023,443 | ||||
Amounts due from related parties | 102,219 | 165,426 | 24,381 | ||||
Prepayments and other current assets, net | 5,296,673 | 6,519,738 | 960,889 | ||||
Total current assets | 63,253,827 | 61,505,484 | 9,064,786 | ||||
Non-current assets | |||||||
Long-term deposits | 4,263,542 | 2,815,695 | 414,982 | ||||
Restricted long-term deposits | 1,468,708 | 1,488,663 | 219,402 | ||||
Property, plant and equipment, net | 13,527,237 | 17,874,208 | 2,634,332 | ||||
Right-of-use assets, net | 3,730,921 | 1,172,310 | 172,777 | ||||
Intangible assets, net | 4,253,168 | 3,985,127 | 587,335 | ||||
Land use rights, net | 3,216,526 | 3,475,115 | 512,169 | ||||
Installment payment receivables, net | 6,496,020 | 6,145,671 | 905,760 | ||||
Long-term investments | 2,523,037 | 2,708,224 | 399,143 | ||||
Other non-current assets | 429,644 | 415,819 | 61,284 | ||||
Total non-current assets | 39,908,803 | 40,080,832 | 5,907,184 | ||||
Total assets | 103,162,630 | 101,586,316 | 14,971,970 | ||||
XPENG INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED) (All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data) | |||||||
December 31, | June 30, | June 30, | |||||
2025 | 2026 | 2026 | |||||
RMB | RMB | US$ | |||||
LIABILITIES | |||||||
Current liabilities | |||||||
Short-term borrowings | 4,282,000 | 10,070,000 | 1,484,134 | ||||
Accounts payable | 18,001,675 | 15,721,318 | 2,317,036 | ||||
Notes payable | 19,161,724 | 13,993,642 | 2,062,408 | ||||
Amounts due to related parties | 1,064 | 397 | 59 | ||||
Income taxes payable | 44,682 | 65,560 | 9,662 | ||||
Derivative liabilities | 281,009 | 199,834 | 29,452 | ||||
Operating lease liabilities, current portion | 445,901 | 305,387 | 45,008 | ||||
Finance lease liabilities, current portion | 55,581 | 75,910 | 11,188 | ||||
Deferred revenue, current portion | 1,463,065 | 1,698,642 | 250,349 | ||||
Long-term borrowings, current portion | 1,837,950 | 706,156 | 104,075 | ||||
Accruals and other liabilities | 12,538,698 | 12,468,572 | 1,837,640 | ||||
Total current liabilities | 58,113,349 | 55,305,418 | 8,151,011 | ||||
Non-current liabilities | |||||||
Long-term borrowings | 6,588,865 | 8,983,337 | 1,323,980 | ||||
Operating lease liabilities | 4,246,599 | 2,068,806 | 304,904 | ||||
Finance lease liabilities | 740,576 | 4,649,369 | 685,232 | ||||
Deferred revenue | 1,206,014 | 1,354,301 | 199,599 | ||||
Deferred tax liabilities | 330,353 | 330,341 | 48,686 | ||||
Other non-current liabilities | 1,568,284 | 1,885,892 | 277,946 | ||||
Total non-current liabilities | 14,680,691 | 19,272,046 | 2,840,347 | ||||
Total liabilities | 72,794,040 | 74,577,464 | 10,991,358 | ||||
SHAREHOLDERS' EQUITY | |||||||
Class A Ordinary shares | 105 | 106 | 16 | ||||
Class B Ordinary shares | 21 | 21 | 3 | ||||
Additional paid-in capital | 71,236,011 | 71,532,962 | 10,542,654 | ||||
Statutory and other reserves | 137,720 | 161,535 | 23,807 | ||||
Accumulated deficit | (42,767,710) | (45,912,689) | (6,766,693) | ||||
Accumulated other comprehensive income | 1,762,443 | 1,226,917 | 180,825 | ||||
Total shareholders' equity | 30,368,590 | 27,008,852 | 3,980,612 | ||||
Total liabilities and shareholders' equity | 103,162,630 | 101,586,316 | 14,971,970 | ||||
XPENG INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data) | |||||||
Three Months Ended | |||||||
June 30, | March 31, | June 30, | June 30, | ||||
2025 | 2026 | 2026 | 2026 | ||||
RMB | RMB | RMB | US$ | ||||
Revenues | |||||||
Vehicle sales | 16,883,696 | 10,999,321 | 17,046,476 | 2,512,340 | |||
Services and others | 1,390,709 | 2,034,460 | 2,697,117 | 397,506 | |||
Total revenues | 18,274,405 | 13,033,781 | 19,743,593 | 2,909,846 | |||
Cost of sales | |||||||
Vehicle sales | (14,461,688) | (9,669,451) | (14,987,590) | (2,208,897) | |||
Services and others | (645,387) | (681,737) | (672,521) | (99,117) | |||
Total cost of sales | (15,107,075) | (10,351,188) | (15,660,111) | (2,308,014) | |||
Gross profit | 3,167,330 | 2,682,593 | 4,083,482 | 601,832 | |||
Operating expenses | |||||||
Research and development expenses | (2,206,144) | (2,906,991) | (2,914,440) | (429,535) | |||
Selling, general and administrative | (2,167,241) | (1,883,438) | (2,496,484) | (367,936) | |||
Other income, net | 237,402 | 182,249 | 137,250 | 20,228 | |||
Fair value gain on derivative liability | 34,004 | 51,113 | 47,662 | 7,025 | |||
Total operating expenses, net | (4,101,979) | (4,557,067) | (5,226,012) | (770,218) | |||
Loss from operations | (934,649) | (1,874,474) | (1,142,530) | (168,386) | |||
Interest income | 308,224 | 257,166 | 216,746 | 31,944 | |||
Interest expenses | (75,161) | (164,994) | (124,473) | (18,345) | |||
Fair value (loss) gain on derivative | — | (101) | 36,969 | 5,449 | |||
Investment gain (loss) on long-term | 24,401 | 169,117 | (140,377) | (20,689) | |||
Exchange gain (loss) from foreign | 142,684 | (148,728) | (125,295) | (18,466) | |||
Other non-operating income (expenses), | 3,454 | (959) | 12,401 | 1,828 | |||
Loss before income tax benefit | (531,047) | (1,762,973) | (1,266,559) | (186,665) | |||
Income tax benefit (expenses) | 9,421 | (9,251) | (74,281) | (10,948) | |||
Share of results of equity method | 43,872 | (11,876) | 3,776 | 557 | |||
Net loss | (477,754) | (1,784,100) | (1,337,064) | (197,056) | |||
Net loss attributable to ordinary | (477,754) | (1,784,100) | (1,337,064) | (197,056) | |||
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 | |||||||
June 30, | March 31, | June 30, | June 30, | ||||
2025 | 2026 | 2026 | 2026 | ||||
RMB | RMB | RMB | US$ | ||||
Net loss | (477,754) | (1,784,100) | (1,337,064) | (197,056) | |||
Other comprehensive loss | |||||||
Foreign currency translation | (16,414) | (274,419) | (261,107) | (38,482) | |||
Total comprehensive loss | (494,168) | (2,058,519) | (1,598,171) | (235,538) | |||
Comprehensive loss attributable to | (494,168) | (2,058,519) | (1,598,171) | (235,538) | |||
Weighted average number of | |||||||
Basic and diluted | 1,902,441,632 | 1,910,568,643 | 1,912,734,380 | 1,912,734,380 | |||
Net loss per ordinary share | |||||||
Basic and diluted | (0.25) | (0.93) | (0.70) | (0.10) | |||
Weighted average number of ADS | |||||||
Basic and diluted | 951,220,816 | 955,284,322 | 956,367,190 | 956,367,190 | |||
Net loss per ADS attributable to | |||||||
Basic and diluted | (0.50) | (1.87) | (1.40) | (0.21) | |||
XPENG INC. UNAUDITED RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS (All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data) | ||||||||
Three Months Ended | ||||||||
June 30, | March 31, | June 30, | June 30, | |||||
2025 | 2026 | 2026 | 2026 | |||||
RMB | RMB | RMB | US$ | |||||
Loss from operations | (934,649) | (1,874,474) | (1,142,530) | (168,386) | ||||
Fair value gain on derivative liability | (34,004) | (51,113) | (47,662) | (7,025) | ||||
Share-based compensation expenses | 126,475 | 149,549 | 147,403 | 21,725 | ||||
Non-GAAP loss from operations | (842,178) | (1,776,038) | (1,042,789) | (153,686) | ||||
Net loss | (477,754) | (1,784,100) | (1,337,064) | (197,056) | ||||
Fair value gain on derivative liability | (34,004) | (51,113) | (47,662) | (7,025) | ||||
Share-based compensation expenses | 126,475 | 149,549 | 147,403 | 21,725 | ||||
Non-GAAP net loss | (385,283) | (1,685,664) | (1,237,323) | (182,356) | ||||
Net loss attributable to ordinary | (477,754) | (1,784,100) | (1,337,064) | (197,056) | ||||
Fair value gain on derivative liability | (34,004) | (51,113) | (47,662) | (7,025) | ||||
Share-based compensation expenses | 126,475 | 149,549 | 147,403 | 21,725 | ||||
Non-GAAP net loss attributable to | (385,283) | (1,685,664) | (1,237,323) | (182,356) | ||||
Weighted average number of ordinary | ||||||||
Basic and diluted | 1,902,441,632 | 1,910,568,643 | 1,912,734,380 | 1,912,734,380 | ||||
Non-GAAP net loss per ordinary share | ||||||||
Basic and diluted | (0.20) | (0.88) | (0.65) | (0.10) | ||||
Weighted average number of ADS used | ||||||||
Basic and diluted | 951,220,816 | 955,284,322 | 956,367,190 | 956,367,190 | ||||
Non-GAAP net loss per ADS | ||||||||
Basic and diluted | (0.41) | (1.76) | (1.29) | (0.19) | ||||
View original content:https://www.prnewswire.com/news-releases/xpeng-reports-second-quarter-2026-unaudited-financial-results-302858198.html
SOURCE XPeng Inc.