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| Date | Value |
|---|---|
| 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 |