XPeng Inc. (XPEV) Financial Statements
XPeng financial statements at a glance
XPeng reported revenue of 40.87 billion CNY for fiscal year 2024 (ended December 31, 2024), up 33.2% from fiscal year 2023. Net income was -5.79 billion CNY, a net margin of 14.2% loss, and diluted earnings per share were -3.06 CNY.
At the end of fiscal year 2024 it had total assets of 82.71 billion CNY, total liabilities of 51.43 billion CNY and shareholders' equity of 31.27 billion CNY, with cash and short-term investments of 32.72 billion CNY and total debt of 15.94 billion CNY.
Its operations brought in -2.01 billion CNY of cash; capital spending was 2.43 billion CNY, leaving free cash flow of -4.44 billion CNY.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in CNY; latest fiscal year ended December 31, 2024.
XPeng Inc.
Income Statement
Annual • CNY
XPeng key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | – | 40.9B CNY | 30.7B CNY | 26.9B CNY | 21.0B CNY |
| Gross profit | – | 5.8B CNY | 451.2M CNY | 3.1B CNY | 2.6B CNY |
| Operating income | – | -6.9B CNY | -10.9B CNY | -8.7B CNY | -6.6B CNY |
| Net income | – | -5.8B CNY | -10.4B CNY | -9.1B CNY | -4.9B CNY |
| Diluted EPS | -0.60 CNY | -3.06 CNY | -5.96 CNY | -5.34 CNY | -2.96 CNY |
| Total assets | – | 82.7B CNY | 84.2B CNY | 71.5B CNY | 65.7B CNY |
| Total liabilities | – | 51.4B CNY | 47.8B CNY | 34.6B CNY | 23.5B CNY |
| Shareholders' equity | – | 31.3B CNY | 36.3B CNY | 36.9B CNY | 42.1B CNY |
| Cash and short-term investments | – | 32.7B CNY | 38.7B CNY | 31.2B CNY | 39.7B CNY |
| Total debt | – | 15.9B CNY | 15.4B CNY | 12.8B CNY | 5.1B CNY |
| Operating cash flow | – | -2.0B CNY | 956.2M CNY | -8.2B CNY | -1.1B CNY |
| Capital spending | – | 2.4B CNY | 2.3B CNY | 4.7B CNY | 4.3B CNY |
| Free cash flow | – | -4.4B CNY | -1.4B CNY | -12.9B CNY | -5.4B CNY |
In CNY. Fiscal years as reported by the company; statements on this page go back to fiscal year 2018.
Questions and answers
What was XPeng's revenue in fiscal year 2024?
40.87 billion CNY, up 33.2% from 30.68 billion CNY in fiscal year 2023.
How much profit does XPeng make?
XPeng reported net income of -5.79 billion CNY for fiscal year 2024 (14.2% of revenue); operating income was -6.89 billion CNY.
How much cash and debt does XPeng have?
At the end of fiscal year 2024: cash and short-term investments of 32.72 billion CNY and total debt of 15.94 billion CNY.
What is XPeng's free cash flow?
-4.44 billion CNY in fiscal year 2024 (operating cash flow of -2.01 billion CNY minus capital spending of 2.43 billion CNY).
