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

Xpeng (XPEV) has reported Research & Development for 8 consecutive years, with -$421.4 million the latest figure, recorded in 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 50.14% YoY), while the FY2025 annual figure was -$1.4 billion, down 53.41% from the prior year.
• Research & Development retreated to -$421.4 million in Q1 2026 per XPEV's latest filing, from -$411.0 million in the prior quarter.
• Across five years, Research & Development topped out at -$178.3 million in Q4 2022 and bottomed at -$421.4 million in Q1 2026.
• Historically, Research & Development has averaged -$245.1 million across 5 years, with a median of -$201.8 million in 2024.
• On a YoY basis, Research & Development climbed as much as 21.7% in 2022 and fell as far as 135.88% in 2022.
• Xpeng's Research & Development stood at -$178.3 million in 2022, then declined by 3.28% to -$184.2 million in 2023, then slumped by 51.65% to -$279.3 million in 2024, then sank by 47.14% to -$411.0 million in 2025, then slipped by 2.53% to -$421.4 million in 2026.
• Business Quant data shows XPEV's Research & Development at -$421.4 million in Q1 2026, -$411.0 million in Q4 2025, and -$341.2 million in Q3 2025.