How XPeng (XPEV) Makes Money: A Visual Guide

XPeng (XPEV) generated 76.41B CNY in revenue (TTM through Q4 2025) but reported a net loss of 1.14B CNY. Below is an interactive breakdown of how revenue flows through the income statement.

XPeng (XPEV) Income Statement Flow

Frequently asked questions

How much revenue does XPeng (XPEV) generate?

XPeng (XPEV) generated 76.41B CNY in total revenue for TTM through Q4 2025 with a net profit margin of -1.5%.

What is XPeng (XPEV) gross profit margin?

XPeng (XPEV) reported a gross profit margin of 18.9% for TTM through Q4 2025, equivalent to 14.41B CNY in gross profit. This means XPeng retains 18.9% of each revenue unit after direct costs of production.

What is XPeng (XPEV) operating profit margin?

XPeng (XPEV) reported an operating profit margin of -4.8% for TTM through Q4 2025, equivalent to −3.64B CNY in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is XPeng (XPEV) net profit margin?

XPeng (XPEV) reported a net profit margin of -1.5% for TTM through Q4 2025, equivalent to −1.14B CNY in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does XPeng (XPEV) invest in R&D?

XPeng (XPEV) invested 9.45B CNY in research and development in TTM through Q4 2025 (12.4% of total revenue). R&D spending reflects investment in future products, services, and technologies.

Data & methodology

What is a Sankey diagram?

A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.

How is the data calculated?

We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.

When was this data last updated?

Based on company filings through TTM through Q4 2025.