Xpeng (XPNGF) Operating Expenses (2019 - 2026)

Xpeng (XPNGF) reported Operating Expenses of -$660.6 million for Q1 2026, down 36.93% year-over-year from -$1.0 billion in Q1 2025, and up 2.1% quarter-over-quarter from -$674.8 million in Q4 2025.

Xpeng (XPNGF) Operating Expenses (2019 - 2026) Analysis & Trends

Xpeng (XPNGF) has 8 years of Operating Expenses data on file, last reported at -$660.6 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at -$660.6 million, down 36.93% year-over-year; the trailing twelve-month figure through Mar 2026 was -$2.6 billion (down 35.85% YoY), and the FY2025 annual result was -$2.5 billion, down 35.06% from the prior year.
  • Operating Expenses grew to -$660.6 million in Q1 2026 per XPNGF's latest filing, from -$674.8 million in the prior quarter.
  • Over five years, Operating Expenses peaked at -$379.3 million in Q1 2024 and troughed at -$682.0 million in Q3 2025.
  • A 5-year average of -$487.3 million and a median of -$451.6 million in 2022 frame the typical range for Operating Expenses.
  • On a YoY basis, Operating Expenses climbed as much as 22.58% in 2022 and fell as far as 135.59% in 2022.
  • A 5-year view of Operating Expenses shows it stood at -$419.8 million in 2022, then dropped by 8.84% to -$456.9 million in 2023, then declined by 18.24% to -$540.3 million in 2024, then declined by 24.9% to -$674.8 million in 2025, then increased by 2.1% to -$660.6 million in 2026.
  • Business Quant data shows XPNGF's Operating Expenses at -$660.6 million in Q1 2026, -$674.8 million in Q4 2025, and -$682.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Tesla 1,264.49 Bn 1,219.81 Bn 4.72 Bn 3.78 Bn
2 Toyota Motor 448.54 Bn 321.13 Bn 9.14 Bn 76.70 Bn
3 General Motors 74.80 Bn 52.42 Bn 4.32 Bn 40.70 Bn
4 Ferrari 71.95 Bn 70.15 Bn 1.09 Bn 479.59 Mn
5 Ford Motor 59.47 Bn 29.01 Bn 7.94 Bn 40.92 Bn
6 Rivian Automotive 20.42 Bn 15.62 Bn 119.00 Mn 1.00 Bn
7 China Yuchai International 16.65 Bn 15.59 Bn 317.01 Mn -282.20 Mn
8 VinFast Auto 7.51 Bn 10.51 Bn -15,731.99 Bn -11,212.24 Bn
9 Digital Currency X Technology 5.68 Bn 5.68 Bn - -
10 Xpeng - - 388.90 Mn -660.64 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -660.64 Mn
Dec 31, 2025 -674.80 Mn
Sep 30, 2025 -682.02 Mn
Jun 30, 2025 -572.61 Mn
Mar 31, 2025 -482.45 Mn
Dec 31, 2024 -540.27 Mn
Sep 30, 2024 -465.44 Mn
Jun 30, 2024 -418.37 Mn
Mar 31, 2024 -379.33 Mn
Dec 31, 2023 -456.94 Mn
Sep 30, 2023 -410.92 Mn
Jun 30, 2023 -401.41 Mn
Mar 31, 2023 -390.60 Mn
Dec 31, 2022 -419.82 Mn
Sep 30, 2022 -439.29 Mn
Jun 30, 2022 -437.36 Mn
Mar 31, 2022 -451.60 Mn
Dec 31, 2021 -542.24 Mn
Sep 30, 2021 -434.97 Mn
Jun 30, 2021 -293.39 Mn