XPENG Reports Fourth Quarter and Fiscal Year 2025 Unaudited Financial Results

The Company achieved a positive net profit of RMB0.38 billion in the fourth quarter of 2025, recorded a positive net profit for a single quarter for the first time.

Mar. 20, 2026 at 9:55am

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XPENG Inc., a leading global AI mobility technology company, today announced its unaudited financial results for the three months and fiscal year ended December 31, 2025. The Company achieved a positive net profit of RMB0.38 billion in the fourth quarter of 2025, recorded a positive net profit for a single quarter for the first time. Cash position was RMB47.66 billion (US$6.81 billion) as of December 31, 2025.

Why it matters

XPENG has faced some challenges in recent years, but the company's focus on technological leadership and profitability has helped it turn a corner. The positive net profit in Q4 2025 is a significant milestone, demonstrating XPENG's ability to leverage its business model and investments in AI and autonomous driving to drive sustainable growth.

The details

In the fourth quarter of 2025, XPENG's total revenues were RMB22.25 billion (US$3.18 billion), a 38.2% increase year-over-year. Gross margin reached 21.3%, a new record high, and net profit hit RMB0.38 billion. The company's cash on hand of RMB47.66 billion at the end of 2025 provides a solid foundation for continued investment in R&D and expansion.

  • XPENG reported its Q4 2025 and full-year 2025 financial results on March 20, 2026.

The players

XPENG Inc.

A leading Chinese Smart EV company that designs, develops, manufactures, and markets Smart EVs.

Xiaopeng He

Chairman and CEO of XPENG.

Hongdi Brian Gu

Vice Chairman and Co-President of XPENG.

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What they’re saying

“In 2025, XPENG delivered a total of 429,445 vehicles, representing a 125.9% year-over-year increase. We continue to push the boundaries of Physical AI, accelerating the mass production and commercialization of product innovations as we expand our global footprint.”

— Xiaopeng He, Chairman and CEO of XPENG

“In the fourth quarter of 2025, XPENG's gross margin reached 21.3%, reaching a new record high, with net profit hitting RMB0.38 billion. By leveraging a business model driven by technological leadership, we have established a profitability path that sets us apart from traditional automakers.”

— Hongdi Brian Gu, Vice Chairman and Co-President of XPENG

The takeaway

XPENG's strong financial performance in 2025, including its first-ever quarterly net profit, demonstrates the company's ability to leverage its technological advantages and innovative business model to drive sustainable growth and profitability in the competitive electric vehicle market.