Xpeng (XPEV) Cost of Revenue (2019 - 2026)

Xpeng has disclosed Cost of Revenue across 8 years of filings, most recently posting $1.5 billion for Q1 2026.

• In Q1 2026, Cost of Revenue fell 18.44% year-over-year to $1.5 billion; the TTM figure through Mar 2026 stood at $8.4 billion (up 40.87% YoY), while the FY2025 annual figure was $8.9 billion, up 85.53% from the prior year.
• Cost of Revenue eased to $1.5 billion in Q1 2026, from $2.5 billion in the prior quarter.
• Over the last five years, Cost of Revenue for XPEV reached as high as $2.5 billion in Q4 2025 and fell as low as $577.6 million in Q1 2023.
• The 5-year median for Cost of Revenue is $1.2 billion (2023), against an average of $1.3 billion.
• The widest YoY moves for Cost of Revenue: up 158.04% in 2022, down 44.15% in 2022.
• A 5-year view of Cost of Revenue shows it stood at $660.2 million in 2022, then soared by 157.52% to $1.7 billion in 2023, then climbed by 12.84% to $1.9 billion in 2024, then advanced by 28.7% to $2.5 billion in 2025, then slumped by 39.22% to $1.5 billion in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $1.5 billion, $2.5 billion, and $2.3 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.