Xpeng (XPEV) Research & Development (2019 - 2026)

Xpeng has disclosed Research & Development across 8 years of filings, most recently posting -$421.4 million for Q1 2026.

• In Q1 2026, Research & Development fell 54.4% year-over-year to -$421.4 million; the TTM figure through Mar 2026 stood at -$1.5 billion (down 49.55% YoY), while the FY2025 annual figure was -$1.4 billion, down 53.41% from the prior year.
• Research & Development fell to -$421.4 million in Q1 2026, from -$405.2 million in the prior quarter.
• Over the last five years, Research & Development for XPEV reached as high as -$172.9 million in Q4 2022 and fell as low as -$421.4 million in Q1 2026.
• The 5-year median for Research & Development is -$201.8 million (2024), against an average of -$244.3 million.
• The widest YoY moves for Research & Development: up 24.06% in 2022, down 135.88% in 2022.
• A 5-year view of Research & Development shows it stood at -$172.9 million in 2022, then dropped by 5.02% to -$181.6 million in 2023, then sank by 53.79% to -$279.3 million in 2024, then slumped by 45.08% to -$405.2 million in 2025, then slipped by 3.99% to -$421.4 million in 2026.
• According to Business Quant data, Research & Development over the past three periods registered -$421.4 million, -$405.2 million, and -$341.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.