XPENG Reports Third Quarter 2025 Unaudited Financial Results
XPENG (NYSE: XPEV) reported unaudited Q3 2025 results on November 17, 2025: total deliveries 116,007 (+149.3% YoY), total revenues RMB20.38bn (+101.8% YoY), and gross margin 20.1% (up 4.8 pts YoY). Vehicle sales were RMB18.05bn (+105.3% YoY) with vehicle margin 13.1% (up 4.5 pts YoY). Cash and equivalents, restricted cash, short-term investments and time deposits were RMB48.33bn as of September 30, 2025. Net loss was RMB0.38bn; non-GAAP net loss was RMB0.15bn.
Q4 2025 outlook: deliveries 125,000–132,000 and revenues RMB21.5bn–RMB23.0bn. Company highlighted Robotaxi, humanoid robots and R&D-driven margin improvement.
XPENG (NYSE: XPEV) ha riportato i risultati non auditati del terzo trimestre 2025 il 17 novembre 2025: consegne totali 116.007 (+149,3% rispetto all"anno precedente), ricavi totali RMB20,38 miliardi (+101,8% YoY) e margine lordo 20,1% (in aumento di 4,8 punti YoY). Le vendite di veicoli hanno registrato RMB18,05 miliardi (+105,3% YoY) con margine sui veicoli del 13,1% (in aumento di 4,5 punti YoY). Le disponibilità liquide e equivalenti, contanti ristretti, investimenti a breve termine e depositi a tempo ammontavano a RMB48,33 miliardi al 30 settembre 2025. La perdita netta ammontava a RMB0,38 miliardi; la perdita netta non GAAP era RMB0,15 miliardi.
Prospettive per Q4 2025: consegne tra 125.000 e 132.000 e ricavi tra RMB21,5 miliardi e RMB23,0 miliardi. L'azienda ha evidenziato Robotaxi, robot umanoidi e un margine guidato dalla R&D.
XPENG (NYSE: XPEV) presentó resultados no auditados del tercer trimestre de 2025 el 17 de noviembre de 2025: entregas totales 116.007 (+149,3% interanual), ingresos totales RMB20,38 mil millones (+101,8% interanual) y margen bruto 20,1% (sube 4,8 puntos interanual). Las ventas de vehículos fueron RMB18,05 mil millones (+105,3% interanual) con margen de vehículos 13,1% (alza de 4,5 puntos interanual). La caja y equivalentes, efectivo restringido, inversiones a corto plazo y depósitos a término fueron RMB48,33 mil millones al 30 de septiembre de 2025. La pérdida neta fue RMB0,38 mil millones; la pérdida neta non-GAAP fue RMB0,15 mil millones.
Perspectiva para el Q4 2025: entregas entre 125.000 y 132.000 y ingresos entre RMB21,5 mil millones y RMB23,0 mil millones. La empresa destacó Robotaxi, robots humanoides y mejora de margen impulsada por I+D.
XPENG (NYSE: XPEV)가 2025년 11월 17일 2025년 3분기 외감 없는 실적을 발표했습니다: 총 인도 116,007대 (+전년 동기 대비 149.3%), 총 매출 RMB20.38십억 (+전년 동기 대비 101.8%), 그리고 총 이익률 20.1% (전년 대비 4.8포인트 상승). 차량 판매액은 RMB18.05십억으로(+전년 동기 대비 105.3%), 차량 마진은 13.1%로(전년 대비 4.5포인트 상승). 현금 및 현금성자산, 제한 현금, 단기 투자 및 예치금은 2025년 9월 30일 기준 RMB48.33십억이었습니다. 순손실은 RMB0.38십억; 비GAAP 순손실은 RMB0.15십억.
2025년 4분기 전망: 인도 125,000~132,000대, 매출 RMB21.5~23.0십억. 회사는 Robotaxi, 휴머노이드 로봇 및 연구개발 주도 마진 개선에 주목했습니다.
XPENG (NYSE: XPEV) a communiqué des résultats non audités du T3 2025 le 17 novembre 2025: livraisons totales 116 007 (+149,3% en glissement annuel), revenus totaux RMB20,38 milliards (+101,8% en glissement annuel) et marge brute 20,1% (+4,8 points en glissement annuel). Les ventes de véhicules se montaient à RMB18,05 milliards (+105,3% YoY) avec une marge sur véhicules de 13,1% (en hausse de 4,5 points YoY). La trésorerie et équivalents, trésorerie restreinte, investissements à court terme et dépôts à terme s’élevaient au 30 septembre 2025 à RMB48,33 milliards. La perte nette était de RMB0,38 milliard; la perte nette non-GAAP était de RMB0,15 milliard.
Perspectives pour Q4 2025: livraisons entre 125 000 et 132 000 et revenus entre RMB21,5 milliards et RMB23,0 milliards. L’entreprise a souligné Robotaxi, robots humanoïdes et une amélioration de la marge tirée par la R&D.
XPENG (NYSE: XPEV) meldete am 17. November 2025 die ungeprüften Ergebnisse für das 3. Quartal 2025: Gesamtlieferungen 116.007 (+149,3% YoY), Gesamterlöse RMB20,38 Mrd. (+101,8% YoY) und Bruttomarge 20,1% (plus 4,8 Punkte YoY). Fahrzeugverkäufe beliefen sich auf RMB18,05 Mrd. (+105,3% YoY) mit einer Fahrzeugmarge von 13,1% (plus 4,5 Punkte YoY). Liquidität und Äquivalente, eingeschränkte Barbestände, kurzfristige Investitionen und Time Deposits betrugen zum 30. September 2025 RMB48,33 Mrd.. Nettoverschuldung betrug RMB0,38 Mrd.; non-GAAP Nettoverschuldung RMB0,15 Mrd.
Ausblick Q4 2025: Lieferungen 125.000–132.000 und Einnahmen RMB21,5 Mrd.– RMB23,0 Mrd. Das Unternehmen hob Robotaxi, humanoide Roboter und margensteigernde Investitionen in F&E hervor.
XPENG (NYSE: XPEV) أصدرت نتائج غير مدققة للربع الثالث من 2025 في 17 نوفمبر 2025: إجمالي الشحنات 116,007 (+149.3% على أساس سنوي)، إجمالي الإيرادات RMB20.38 مليار (+101.8% على أساس سنوي) وهامش الإجمالى 20.1% (ارتفاع بمقدار 4.8 نقاط على أساس سنوي). مبيعات المركبات بلغت RMB18.05 مليار (+105.3% على أساس سنوي) مع هامش المركبات 13.1% (ارتفاع بمقدار 4.5 نقاط على أساس سنوي). النقد وما يعادله، النقد المقيد، الاستثمارات قصيرة الأجل والودائع الآجلة كانت RMB48.33 مليار حتى 30 سبتمبر 2025. صافي الخسارة كان RMB0.38 مليار؛ صافي الخسارة غير المعتمدة على مبادئ GAAP كان RMB0.15 مليار.
توقعات الربع الرابع 2025: تسليمات بين 125,000 و132,000 وإيرادات بين RMB21.5 مليار و RMB23.0 مليار. أشارت الشركة إلى Robotaxi، روبوتات بشرية وارتفاع هامش الربح مدعوم بالبحث والتطوير.
- Deliveries 116,007 in Q3 2025 (+149.3% YoY)
- Total revenues RMB20.38bn in Q3 2025 (+101.8% YoY)
- Gross margin 20.1% in Q3 2025 (up 4.8 pts YoY)
- Cash balance RMB48.33bn as of September 30, 2025
- Net loss RMB0.38bn in Q3 2025
- Vehicle margin QoQ decreased 1.2 pts to 13.1% from Q2 2025
- R&D expense RMB2.43bn in Q3 2025 (+48.7% YoY)
Insights
XPENG posted rapid top-line and delivery growth with improving margins and a much smaller loss; cash remains healthy.
Revenue and volume growth power results: total revenues rose to
Key dependencies and near-term risks include product transition effects on vehicle margin and the concentration of technical R&D revenues tied to milestone achievements with a single manufacturer. Margin improvements appear durable this quarter but partially reflect mix and non-recurring service milestones; R&D and SG&A spend rose materially as the company scales.
Concrete items to watch: quarterly deliveries and vehicle margin in the upcoming Q4 2025 period, where management guides deliveries to
-
Cash and cash equivalents, restricted cash, short-term investments and time deposits were
RMB48.33 billion (US ) as of September 30, 2025$6.79 billion -
Quarterly total revenues were
RMB20.38 billion , a101.8% increase year-over-year -
Quarterly gross margin was
20.1% , an increase of 4.8 percentage points over the same period of 2024 -
Quarterly vehicle margin was
13.1% , an increase of 4.5 percentage points over the same period of 2024
Operational and Financial Highlights for the Three Months Ended September 30, 2025
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|
2025Q3 |
2025Q2 |
2025Q1 |
2024Q4 |
2024Q3 |
2024Q2 |
|
|
|
|
|
|
|
|
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Total deliveries |
116,007 |
103,181 |
94,008 |
91,507 |
46,533 |
30,207 |
-
Total deliveries of vehicles were 116,007 for the third quarter of 2025, representing an increase of
149.3% from 46,533 in the corresponding period of 2024. -
XPENG's physical sales network had a total of 690 stores, covering 242 cities as of September 30, 2025.
-
XPENG self-operated charging station network reached 2,676 stations, including 1,623 XPENG S4 and S5 ultra-fast charging stations as of September 30, 2025.
-
Total revenues were
RMB20.38 billion (US ) for the third quarter of 2025, representing an increase of$2.86 billion 101.8% from the same period of 2024, and an increase of11.5% from the second quarter of 2025. -
Revenues from vehicle sales were
RMB18.05 billion (US ) for the third quarter of 2025, representing an increase of$2.54 billion 105.3% from the same period of 2024, and an increase of6.9% from the second quarter of 2025. -
Gross margin was
20.1% for the third quarter of 2025, compared with15.3% for the same period of 2024 and17.3% for the second quarter of 2025. -
Vehicle margin, which is gross profit of vehicle sales as a percentage of vehicle sales revenue, was
13.1% for the third quarter of 2025, compared with8.6% for the same period of 2024 and14.3% for the second quarter of 2025. -
Net loss was
RMB0.38 billion (US ) for the third quarter of 2025, compared with$0.05 billion RMB1.81 billion for the same period of 2024 andRMB0.48 billion for the second 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 wasRMB0.15 billion (US ) for the third quarter of 2025, compared with$0.02 billion RMB1.53 billion for the same period of 2024 andRMB0.39 billion for the second quarter of 2025. -
Net loss attributable to ordinary shareholders of XPENG was
RMB0.38 billion (US ) for the third quarter of 2025, compared with$0.05 billion RMB1.81 billion for the same period of 2024 andRMB0.48 billion for the second 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 wasRMB0.15 billion (US ) for the third quarter of 2025, compared with$0.02 billion RMB1.53 billion for the same period of 2024 andRMB0.39 billion for the second quarter of 2025. -
Basic and diluted net loss per American depositary share (ADS) were both
RMB0.40 (US ) and basic and diluted net loss per ordinary share were both$0.06 RMB0.20 (US ) for the third quarter of 2025. Each ADS represents two Class A ordinary shares.$0.03 -
Non-GAAP basic and diluted net loss per ADS were both
RMB0.16 (US ) and non-GAAP basic and diluted net loss per ordinary share were both$0.02 RMB0.08 (US ) for the third quarter of 2025.$0.01 -
Cash and cash equivalents, restricted cash, short-term investments and time deposits were
RMB48.33 billion (US ) as of September 30, 2025, compared with$6.79 billion RMB47.57 billion as of June 30, 2025. 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 percentage)
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For the Three Months Ended |
% Changei |
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September 30, |
June 30, |
September 30, |
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|
|
|
2025 |
2025 |
2024 |
YoY |
QoQ |
|
|
|
|
|
|
|
|
Vehicle sales |
18.05 |
16.88 |
8.80 |
105.3 % |
6.9 % |
|
Vehicle margin |
13.1 % |
14.3 % |
8.6 % |
4.5pts |
-1.2pts |
|
Total revenues |
20.38 |
18.27 |
10.10 |
101.8 % |
11.5 % |
|
Gross profit |
4.10 |
3.17 |
1.54 |
166.3 % |
29.6 % |
|
Gross margin |
20.1 % |
17.3 % |
15.3 % |
4.8pts |
2.8pts |
|
Net loss |
0.38 |
0.48 |
1.81 |
-78.9 % |
-20.3 % |
|
Non-GAAP net loss |
0.15 |
0.39 |
1.53 |
-90.1 % |
-60.6 % |
|
Net loss attributable to ordinary shareholders |
0.38 |
0.48 |
1.81 |
-78.9 % |
-20.3 % |
|
Non-GAAP net loss |
0.15 |
0.39 |
1.53 |
-90.1 % |
-60.6 % |
|
Comprehensive loss |
0.50 |
0.49 |
2.09 |
-75.9 % |
1.9 % |
|
|
|
|
|
|
|
|
i Except for vehicle margin and gross margin, where absolute changes instead of percentage changes are presented |
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"In the third quarter of 2025, XPENG delivered another set of record results. Vehicle deliveries, revenue, gross margin and cash on hand all reached new highs," said Mr. Xiaopeng He, Chairman and CEO of XPENG. "We are in the early stages of rapid expansion in terms of sales volume and market share, with Robotaxi and humanoid robots advancing rapidly toward mass production. I firmly believe XPENG will evolve into a global embodied AI company. Centered around physical AI applications, we are developing a comprehensive portfolio of technologies and products, alongside a thriving business ecosystem, thereby creating greater value for customers and shareholders worldwide."
"With effective cost control and technology-related revenue streams unlocking greater potential, our gross margin exceeded
Recent Developments
Deliveries in October 2025
- Total deliveries were 42,013 vehicles in October 2025.
- As of October 31, 2025, year-to-date total deliveries were 355,209 vehicles.
2025 XPENG AI Day
On November 5, 2025, XPENG hosted its 2025 AI Day event in
Unaudited Financial Results for the Three Months Ended September 30, 2025
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 loss 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 September 30, 2025, the Company had cash and cash equivalents, restricted cash, short-term investments and time deposits of
Business Outlook
For the fourth quarter of 2025, the Company expects:
-
Deliveries of vehicles to be between 125,000 and 132,000, representing a year-over-year increase of approximately
36.6% to44.3% . -
Total revenues to be between RMB21.5 billion and RMB23.0 billion, representing a year-over-year increase of approximately
33.5% to42.8% .
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 Third Quarter 2025 Earnings Conference Call
Pre-registration link: https://s1.c-conf.com/diamondpass/10051050-8ugr43.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 November 24, 2025, by dialing the following telephone numbers:
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United States: |
+1-855-883-1031 |
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International: |
+61-7-3107-6325 |
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Hong Kong, |
800-930-639 |
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Mainland China: |
400-120-9216 |
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Replay Access Code: |
10051050 |
About XPENG
XPENG is a leading Chinese Smart EV company that designs, develops, manufactures, and markets Smart EVs 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 from operations, non-GAAP net loss, non-GAAP net loss attributable to ordinary shareholders, non-GAAP basic loss per weighted average number of ordinary shares 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 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
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XPENG INC. |
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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS |
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(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data) |
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December 31, 2024 RMB |
|
September 30, 2025 RMB |
|
September 30, 2025 US$ |
|
ASSETS Current assets Cash and cash equivalents |
18,586,274 |
|
17,532,928 |
|
2,462,836 |
|
Restricted cash |
3,153,390 |
|
4,691,122 |
|
658,958 |
|
Short-term deposits |
12,931,757 |
|
13,302,720 |
|
1,868,622 |
|
Restricted short-term deposits |
110,699 |
|
256,405 |
|
36,017 |
|
Short-term investments |
751,290 |
|
3,861,813 |
|
542,466 |
|
Long-term deposits, current portion |
452,326 |
|
1,723,868 |
|
242,150 |
|
Restricted long-term deposits, current portion |
— |
|
595,897 |
|
83,705 |
|
Accounts and notes receivable, net |
2,449,629 |
|
1,635,569 |
|
229,747 |
|
Installment payment receivables, net, current portion |
2,558,756 |
|
2,901,912 |
|
407,629 |
|
Inventory |
5,562,922 |
|
9,240,680 |
|
1,298,031 |
|
Amounts due from related parties |
43,714 |
|
32,871 |
|
4,617 |
|
Prepayments and other current assets |
3,135,312 |
|
4,178,866 |
|
587,006 |
|
Total current assets |
49,736,069 |
|
59,954,651 |
|
8,421,784 |
|
Non-current assets Long-term deposits |
4,489,036 |
|
5,235,357 |
|
735,406 |
|
Restricted long-term deposits |
1,487,688 |
|
1,125,186 |
|
158,054 |
|
Property, plant and equipment, net |
11,521,863 |
|
12,328,645 |
|
1,731,794 |
|
Right-of-use assets, net |
1,261,663 |
|
3,787,840 |
|
532,075 |
|
Intangible assets, net |
4,610,469 |
|
4,216,325 |
|
592,264 |
|
Land use rights, net |
2,744,424 |
|
3,235,622 |
|
454,505 |
|
Installment payment receivables, net |
4,448,416 |
|
4,807,368 |
|
675,287 |
|
Long-term investments |
1,963,194 |
|
2,300,564 |
|
323,158 |
|
Other non-current assets |
443,283 |
|
1,314,719 |
|
184,677 |
|
Total non-current assets |
32,970,036 |
|
38,351,626 |
|
5,387,220 |
|
Total assets |
82,706,105 |
|
98,306,277 |
|
13,809,004 |
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XPENG INC. |
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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED) |
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(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data) |
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December 31, |
|
September 30, |
|
September 30, |
|
|
|
2024 |
|
2025 |
|
2025 |
|
|
|
RMB |
|
RMB |
|
US$ |
|
|
|
|
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
|
|
Current liabilities |
|
|
|
|
|
|
|
Short-term borrowings |
|
4,609,123 |
|
3,479,123 |
|
488,710 |
|
Accounts payable |
|
15,181,585 |
|
17,751,381 |
|
2,493,522 |
|
Notes payable |
|
7,898,896 |
|
17,358,089 |
|
2,438,276 |
|
Amounts due to related parties |
|
9,364 |
|
77 |
|
11 |
|
Operating lease liabilities, current portion |
|
324,496 |
|
458,418 |
|
64,394 |
|
Finance lease liabilities, current portion |
|
41,940 |
|
11,907 |
|
1,673 |
|
Deferred revenue, current portion |
|
1,275,716 |
|
1,902,340 |
|
267,220 |
|
Long-term borrowings, current portion |
|
1,858,613 |
|
1,922,077 |
|
269,993 |
|
Accruals and other liabilities |
|
8,650,636 |
|
10,678,481 |
|
1,499,997 |
|
Income taxes payable |
|
14,514 |
|
6,644 |
|
933 |
|
Total current liabilities |
|
39,864,883 |
|
53,568,537 |
|
7,524,729 |
|
Non-current liabilities |
|
|
|
|
|
|
|
Long-term borrowings |
|
5,664,518 |
|
6,418,412 |
|
901,589 |
|
Operating lease liabilities |
|
1,345,852 |
|
4,276,564 |
|
600,725 |
|
Finance lease liabilities |
|
777,697 |
|
774,722 |
|
108,825 |
|
Deferred revenue |
|
822,719 |
|
1,071,641 |
|
150,533 |
|
Derivative liability |
|
167,940 |
|
324,023 |
|
45,515 |
|
Deferred tax liabilities |
|
341,932 |
|
312,585 |
|
43,909 |
|
Other non-current liabilities |
|
2,445,776 |
|
1,570,845 |
|
220,655 |
|
Total non-current liabilities |
|
11,566,434 |
|
14,748,792 |
|
2,071,751 |
|
Total liabilities |
|
51,431,317 |
|
68,317,329 |
|
9,596,480 |
|
|
|
|
|
|
|
|
|
SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
|
Class A Ordinary shares |
|
104 |
|
105 |
|
15 |
|
Class B Ordinary shares |
|
21 |
|
21 |
|
3 |
|
Additional paid-in capital |
|
70,671,685 |
|
71,073,383 |
|
9,983,619 |
|
Statutory and other reserves |
|
95,019 |
|
118,882 |
|
16,700 |
|
Accumulated deficit |
|
(41,585,549) |
|
(43,132,080) |
|
(6,058,727) |
|
Accumulated other comprehensive income |
|
2,093,508 |
|
1,928,637 |
|
270,914 |
|
Total shareholders' equity |
|
31,274,788 |
|
29,988,948 |
|
4,212,524 |
|
Total liabilities and shareholders' equity |
|
82,706,105 |
|
98,306,277 |
|
13,809,004 |
|
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 |
||||||
|
|
September 30, |
|
June 30, |
|
September 30, |
|
September 30, |
|
|
2024 |
|
2025 |
|
2025 |
|
2025 |
|
|
RMB |
|
RMB |
|
RMB |
|
US$ |
|
|
|
|
|
|
|
|
|
|
Revenues |
|
|
|
|
|
|
|
|
Vehicle sales |
8,795,011 |
|
16,883,696 |
|
18,053,752 |
|
2,535,996 |
|
Services and others |
1,306,699 |
|
1,390,709 |
|
2,327,198 |
|
326,900 |
|
Total revenues |
10,101,710 |
|
18,274,405 |
|
20,380,950 |
|
2,862,896 |
|
Cost of sales |
|
|
|
|
|
|
|
|
Vehicle sales |
(8,039,240) |
|
(14,461,688) |
|
(15,686,646) |
|
(2,203,490) |
|
Services and others |
(521,022) |
|
(645,387) |
|
(590,051) |
|
(82,884) |
|
Total cost of sales |
(8,560,262) |
|
(15,107,075) |
|
(16,276,697) |
|
(2,286,374) |
|
Gross profit |
1,541,448 |
|
3,167,330 |
|
4,104,253 |
|
576,522 |
|
Operating expenses |
|
|
|
|
|
|
|
|
Research and development expenses |
(1,633,071) |
|
(2,206,144) |
|
(2,428,863) |
|
(341,180) |
|
Selling, general and administrative expenses |
(1,633,196) |
|
(2,167,241) |
|
(2,492,897) |
|
(350,175) |
|
Other income, net |
39,908 |
|
237,402 |
|
140,283 |
|
19,705 |
|
Fair value (loss) gain on derivative liability relating to the contingent |
(162,185) |
|
34,004 |
|
(73,824) |
|
(10,370) |
|
Total operating expenses, net |
(3,388,544) |
|
(4,101,979) |
|
(4,855,301) |
|
(682,020) |
|
Loss from operations |
(1,847,096) |
|
(934,649) |
|
(751,048) |
|
(105,498) |
|
Interest income |
318,021 |
|
308,224 |
|
300,840 |
|
42,259 |
|
Interest expense |
(83,461) |
|
(75,161) |
|
(99,350) |
|
(13,956) |
|
Investment (loss) gain on long-term investments |
(216,768) |
|
24,401 |
|
131,115 |
|
18,418 |
|
Exchange gain from foreign currency transactions |
47,565 |
|
142,684 |
|
25,860 |
|
3,633 |
|
Other non-operating income (expenses), net |
6,444 |
|
3,454 |
|
(1,113) |
|
(156) |
|
Loss before income tax (expense) benefit and share of |
(1,775,295) |
|
(531,047) |
|
(393,696) |
|
(55,300) |
|
Income tax (expenses) benefit |
(7,025) |
|
9,421 |
|
7,113 |
|
999 |
|
Share of results of equity method investees |
(25,400) |
|
43,872 |
|
5,715 |
|
803 |
|
Net loss |
(1,807,720) |
|
(477,754) |
|
(380,868) |
|
(53,498) |
|
Net loss attributable to ordinary shareholders of XPeng Inc. |
(1,807,720) |
|
(477,754) |
|
(380,868) |
|
(53,498) |
|
XPENG INC. |
|||||||
|
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (CONTINUED) |
|||||||
|
(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data) |
|||||||
|
|
|||||||
|
|
Three Months Ended |
||||||
|
|
September 30, |
|
June 30, |
|
September 30, |
|
September 30, |
|
|
2024 |
|
2025 |
|
2025 |
|
2025 |
|
|
RMB |
|
RMB |
|
RMB |
|
US$ |
|
|
|
|
|
|
|
|
|
|
Net loss |
(1,807,720) |
|
(477,754) |
|
(380,868) |
|
(53,498) |
|
Other comprehensive loss |
|
|
|
|
|
|
|
|
Foreign currency translation adjustment, net of tax |
(284,343) |
|
(16,414) |
|
(122,747) |
|
(17,242) |
|
Total comprehensive loss |
(2,092,063) |
|
(494,168) |
|
(503,615) |
|
(70,740) |
|
Comprehensive loss attributable to |
(2,092,063) |
|
(494,168) |
|
(503,615) |
|
(70,740) |
|
|
|
|
|
|
|
|
|
|
Weighted average number of ordinary shares used in computing |
|
|
|
|
|
|
|
|
Basic and diluted |
1,893,857,778 |
|
1,902,441,632 |
|
1,905,381,418 |
|
1,905,381,418 |
|
Net loss per ordinary share attributable to ordinary shareholders |
|
|
|
|
|
|
|
|
Basic and diluted |
(0.95) |
|
(0.25) |
|
(0.20) |
|
(0.03) |
|
|
|
|
|
|
|
|
|
|
Weighted average number of ADS used in computing net loss per share |
|
|
|
|
|
|
|
|
Basic and diluted |
946,928,889 |
|
951,220,816 |
|
952,690,709 |
|
952,690,709 |
|
Net loss per ADS attributable to ordinary shareholders |
|
|
|
|
|
|
|
|
Basic and diluted |
(1.91) |
|
(0.50) |
|
(0.40) |
|
(0.06) |
|
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 |
|
||||||
|
|
September 30, |
|
June 30, |
|
September 30, |
|
September 30, |
|
|
|
2024 |
|
2025 |
|
2025 |
|
2025 |
|
|
|
RMB |
|
RMB |
|
RMB |
|
US$ |
|
|
|
|
|
|
|
|
|
|
|
|
Loss from operations |
(1,847,096) |
|
(934,649) |
|
(751,048) |
|
(105,498) |
|
|
Fair value loss (gain) on derivative |
162,185 |
|
(34,004) |
|
73,824 |
|
10,370 |
|
|
Share-based compensation expenses |
113,963 |
|
126,475 |
|
155,195 |
|
21,800 |
|
|
Non-GAAP loss from operations |
(1,570,948) |
|
(842,178) |
|
(522,029) |
|
(73,328) |
|
|
Net loss |
(1,807,720) |
|
(477,754) |
|
(380,868) |
|
(53,498) |
|
|
Fair value loss (gain) on derivative |
162,185 |
|
(34,004) |
|
73,824 |
|
10,370 |
|
|
Share-based compensation expenses |
113,963 |
|
126,475 |
|
155,195 |
|
21,800 |
|
|
Non-GAAP net loss |
(1,531,572) |
|
(385,283) |
|
(151,849) |
|
(21,328) |
|
|
Net loss attributable to ordinary shareholders |
(1,807,720) |
|
(477,754) |
|
(380,868) |
|
(53,498) |
|
|
Fair value loss (gain) on derivative |
162,185 |
|
(34,004) |
|
73,824 |
|
10,370 |
|
|
Share-based compensation expenses |
113,963 |
|
126,475 |
|
155,195 |
|
21,800 |
|
|
Non-GAAP net loss attributable to |
(1,531,572) |
|
(385,283) |
|
(151,849) |
|
(21,328) |
|
|
Weighted average number of ordinary shares used in |
|
|
|
|
|
|
|
|
|
Basic and diluted |
1,893,857,778 |
|
1,902,441,632 |
|
1,905,381,418 |
|
1,905,381,418 |
|
|
Non-GAAP net loss per ordinary share |
|
|
|
|
|
|
|
|
|
Basic and diluted |
(0.81) |
|
(0.20) |
|
(0.08) |
|
(0.01) |
|
|
Weighted average number of ADS |
|
|
|
|
|
|
|
|
|
Basic and diluted |
946,928,889 |
|
951,220,816 |
|
952,690,709 |
|
952,690,709 |
|
|
Non-GAAP net loss per ADS |
|
|
|
|
|
|
|
|
|
Basic and diluted |
(1.62) |
|
(0.41) |
|
(0.16) |
|
(0.02) |
|
|
|
|
|
|
|
|
|
|
|
View original content:https://www.prnewswire.com/news-releases/xpeng-reports-third-quarter-2025-unaudited-financial-results-302616832.html
SOURCE XPeng Inc.
FAQ
What were XPENG (XPEV) total vehicle deliveries in Q3 2025?
What revenue and gross margin did XPENG (XPEV) report for Q3 2025?
How much cash did XPENG (XPEV) hold as of September 30, 2025?
What is XPENG's Q4 2025 guidance for deliveries and revenue?
Did XPENG (XPEV) report a profit in Q3 2025?
