← XPENG INC.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and Cash Equivalents, at Carrying Value | $1.9b | $4.5b | $11.0b | $14.6b | $21.1b | $18.6b | $17.3b | |
| Prepaid Expense and Other Assets, Current | $1.1b | $245.7m | $2.2b | $2.5b | $2.5b | $3.1b | $5.3b | |
| Cash, Cash Equivalents, and Short-term Investments | $1.9b | $29.2b | $11.0b | $14.6b | $21.1b | $18.6b | $17.3b | |
| Short-term Investments | $407.8m | $432.3m | $2.8b | $1.3b | $781.2m | $751.3m | $3.2b | |
| Cash and cash equivalents | $1.9b | $4.5b | $11.0b | $14.6b | $21.1b | $18.6b | $17.3b | |
| Accounts and notes receivable, net | $539.2m | $1.1b | $2.7b | $3.9b | $2.7b | $2.4b | $2.0b | |
| Prepayments and other current assets, net | $1.1b | $1.6b | $2.2b | $2.5b | $2.5b | $3.1b | $5.3b | |
| Installment payment receivables, net | — | $397.5m | $1.9b | $2.2b | $3.0b | $4.4b | $6.5b | |
| Inventory, Net | $454.1m | $205.8m | $2.7b | $4.5b | $5.5b | $5.6b | $10.4b | |
| Assets, Current | $5.0b | $6.1b | $48.8b | $43.5b | $54.5b | $49.7b | $63.3b | |
| Total current assets | $5.0b | $39.7b | $48.8b | $43.5b | $54.5b | $49.7b | $63.3b | |
| Long-term investments | $0 | $153k | $1.5b | $2.3b | $2.1b | $2.0b | $2.5b | |
| Property, Plant and Equipment, Net | $3.2b | $472.3m | $5.4b | $10.6b | $11.0b | $11.5b | $13.5b | |
| Goodwill | — | — | — | — | $34.1m | $34.1m | $34.1m | |
| Intangible Assets, Net (Excluding Goodwill) | $117.9m | $93.1m | $878.7m | $1.0b | $4.9b | $4.6b | $4.3b | |
| Intangible assets, net | $117.9m | $607.8m | $878.7m | $1.0b | $4.9b | $4.6b | $4.3b | |
| Operating Lease, Right-of-Use Asset | $440.1m | $70.7m | $1.6b | $2.0b | $1.5b | $1.3b | $3.7b | |
| Other Assets, Noncurrent | $137.5m | $35.0m | $1.7b | $201.3m | $576.1m | $443.3m | $429.6m | |
| Right-of-use assets, net | $440.1m | $461.2m | $1.6b | $2.0b | $1.5b | $1.3b | $3.7b | |
| Additional Financial Items | ||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | $539.2m | $173.0m | $2.7b | $3.9b | $2.7b | $2.4b | $2.0b | |
| Restricted cash | $460.8m | $357.4m | $610.0m | $106.3m | $3.2b | $3.2b | $6.1b | |
| Short-term deposits | $0 | $150.2m | $25.9b | $14.9b | $9.8b | $12.9b | $11.4b | |
| Restricted short-term deposits | — | — | — | — | $0 | $110.7m | $296.3m | |
| Long-term deposits, current portion | — | — | $0 | $427.5m | $7.1b | $452.3m | $3.0b | |
| Restricted long-term deposits, current portion | — | — | — | — | — | $0 | $600.5m | |
| Installment payment receivables, net, current portion | — | $156.1m | $887.2m | $1.3b | $1.9b | $2.6b | $3.6b | |
| Amounts due from related parties | $22.6m | $682k | $32.8m | $47.1m | $12.9m | $43.7m | $102.2m | |
| Long-term deposits | — | $0 | $3.2b | $6.9b | $3.0b | $4.5b | $4.3b | |
| Restricted long-term deposits | — | — | — | $0 | $767.9m | $1.5b | $1.5b | |
| Land use rights, net | $255.3m | $249.9m | $595.5m | $2.7b | $2.8b | $2.7b | $3.2b | |
| Other non-current assets | $137.5m | $228.6m | $1.7b | $201.3m | $576.1m | $443.3m | $429.6m | |
| Short-term borrowings | $419.9m | $127.9m | $0 | $2.4b | $3.9b | $4.6b | $4.3b | |
| Notes payable | — | — | — | — | — | $7.9b | $19.2b | |
| Amounts due to related parties | $22.6m | $682k | $24.9m | $91.1m | $30.9m | $9.4m | $1.1m | |
| Income taxes payable | $0 | $185k | $22.7m | $27.7m | $5.7m | $14.5m | $44.7m | |
| Derivative liability | — | — | — | $0 | $393.5m | $167.9m | $0 | |
| Operating lease liabilities, current portion | $90.7m | $119.6m | $373.5m | $490.8m | $366.0m | $324.5m | $445.9m | |
| Finance lease liabilities, current portion | — | — | $0 | $128.3m | $34.4m | $41.9m | $55.6m | |
| Long-term borrowings, current portion | $60.0m | $6.9m | $0 | $761.9m | $1.4b | $1.9b | $1.8b | |
| Accruals and other liabilities | $1.8b | $345.8m | $4.8b | $5.6b | $7.6b | $8.7b | $12.5b | |
| Operating lease liabilities | $361.4m | $54.0m | $1.2b | $1.9b | $1.5b | $1.3b | $4.2b | |
| Finance lease liabilities | — | — | $0 | $797.7m | $777.7m | $777.7m | $740.6m | |
| Other non-current liabilities | $73.0m | $45.6m | $2.1b | $2.5b | $2.3b | $2.4b | $1.6b | |
| Statutory and other reserves | — | $0 | $6.0m | $6.4m | $60.0m | $95.0m | $137.7m | |
| Accrued Liabilities, Current | $1.8b | $345.8m | $4.8b | $5.6b | $7.6b | $8.7b | $12.5b | |
| Total non-current assets | $4.3b | $5.0b | $16.8b | $28.0b | $29.6b | $33.0b | $39.9b | |
| Total non-current liabilities | $3.1b | $373.9m | $5.5b | $10.5b | $11.7b | $11.6b | $14.7b | |
| Total shareholders' equity | ($6.8b) | $5.3b | $42.1b | $36.9b | $36.3b | $31.3b | $30.4b | |
| Assets | $9.3b | $6.9b | $65.7b | $71.5b | $84.2b | $82.7b | $103.2b | |
| Total assets | $9.3b | $44.7b | $65.7b | $71.5b | $84.2b | $82.7b | $103.2b | |
| LIABILITIES AND EQUITY | ||||||||
| Current liabilities: | ||||||||
| Operating Lease, Liability, Current | $90.7m | $18.3m | $373.5m | $490.8m | $366.0m | $324.5m | $445.9m | |
| Accounts Payable, Current | $953.9m | $783.4m | $12.4b | $14.2b | $22.2b | $23.1b | $18.0b | |
| Long-term Debt, Current Maturities | $60.0m | $6.9m | $0 | $761.9m | $1.4b | $1.9b | $1.8b | |
| Operating Lease, Liability, Noncurrent | $361.4m | $54.0m | $1.2b | $1.9b | $1.5b | $1.3b | $4.2b | |
| Long-term Debt, Excluding Current Maturities | $1.7b | $252.1m | $1.7b | $4.6b | $5.7b | $5.7b | $6.6b | |
| Deferred Revenue, Current | $16.4m | $25.1m | $418.2m | $389.2m | $631.0m | $1.3b | $1.5b | |
| Deferred Revenue, Noncurrent | $69.1m | $22.2m | $479.1m | $694.0m | $668.9m | $822.7m | $1.2b | |
| Dividends Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Liabilities, Current | $3.3b | $1.2b | $18.0b | $24.1b | $36.1b | $39.9b | $58.1b | |
| Total current liabilities | $3.3b | $1.2b | $18.0b | $24.1b | $36.1b | $39.9b | $58.1b | |
| Deferred Income Tax Liabilities, Net | — | — | — | $0 | $404.0m | $341.9m | $330.4m | |
| Other Liabilities, Noncurrent | $73.0m | $45.6m | $2.1b | $2.5b | $2.3b | $2.4b | $1.6b | |
| Deferred tax liabilities | — | — | — | $0 | $404.0m | $341.9m | $330.4m | |
| Liabilities | $6.4b | $1.6b | $23.5b | $34.6b | $47.8b | $51.4b | $72.8b | |
| Total liabilities | $6.4b | $1.6b | $23.5b | $34.6b | $47.8b | $51.4b | $72.8b | |
| Stockholders’ equity: | ||||||||
| Additional Paid in Capital | $0 | $7.1b | $60.0b | $60.7b | $70.2b | $70.7b | $71.2b | |
| Retained Earnings (Accumulated Deficit) | ($6.8b) | ($1.7b) | ($16.2b) | ($25.3b) | ($35.8b) | ($41.6b) | ($42.8b) | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | ($5.9m) | ($111.9m) | ($1.6b) | $1.5b | $1.8b | $2.1b | $1.8b | |
| Common Stock, Value, Issued | $21k | $26k | $112k | $113k | $124k | $125k | $126k | |
| Accumulated deficit | ($6.8b) | ($1.7b) | ($16.2b) | ($25.3b) | ($35.8b) | ($41.6b) | ($42.8b) | |
| Accumulated other comprehensive income | ($5.9m) | ($111.9m) | ($1.6b) | $1.5b | $1.8b | $2.1b | $1.8b | |
| Stockholders' Equity Attributable to Parent | ($6.8b) | $5.3b | $42.1b | $36.9b | $36.3b | $31.3b | $30.4b | |
| Liabilities and Equity | $9.3b | $6.9b | $65.7b | $71.5b | $84.2b | $82.7b | $103.2b | |
| Total liabilities and shareholders' equity | $9.3b | $6.9b | $65.7b | $71.5b | $84.2b | $82.7b | $103.2b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.