PerpEquities

Equity

XPeng Inc. (XPEV) perpetual futures

XPEV perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade XPEVUSDT.

XPeng Inc. designs, manufactures, and sells intelligent electric vehicles in China, including SUVs and sedans, and offers related services.

$9.22-4.2%NYSE closed
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venue perp mark · Helix (Injective) (XPEV/USDC)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
$822.9
Open interest
-Coverage: 0/1 markets
Best liquidity
-
Tightest spread
-
Highest volume
$822.9
Helix (Injective)
Settlement mix
USDC · 1/1
Perp/spot vol.
0.00x
Spot volume $50.2M
OI / float
-
Float $6.5B
Spot performance
1D-4.15%
5D-5.62%
1M-12.92%
6M-49.01%
YTD-54.49%
1Y-56.46%

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
Helix (Injective)TradeXPEV/USDCTrading$9.22+24.1% APR
+0.00275% every 1h
--$822.9-USDC6x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

No sufficient depth · 0 of 1 venues absorb $10k

No fresh book data: Helix (Injective)

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

-
No live data-

Tightest spread

-
No live data-

Highest volume

XPEV

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 88h ago
Market cap
$9.3B
Updated 88h ago
Revenue
$11.2B
Trailing 12 months
Revenue growth
+13%
Next fiscal year
Profit margin
-4.1%
P/E
-20.0
Peer P/E -9.3
Free cash flow
$0
Trailing 12 months
More metrics
Net income
-$463.7M
Trailing 12 months
P/S
0.8
Peer P/E
-9.3
Similar listed perps
Revenue estimate
$13B
Next fiscal year
Earnings
2026-11-16
Revenue est. $3.5B · Updated 88h ago
Dividend
-

Fundamental detail

Annual + quarterly
Latest revenue$11.4B
Net margin-1.5%
Free cash flow$732.4M
Net debt$331.7M
2020$871.5M
2021$3.1B
2022$4B
2023$4.6B
2024$6.1B
2025$11.4B
PeriodRevenueGrowthNet incomeFCF
2020$871.5M+152%-$407.4M-$224M
2021$3.1B+259%-$725.2M-$807.2M
2022$4B+28%-$1.4B-$1.9B
2023$4.6B+14%-$1.5B-$202.1M
2024$6.1B+33%-$863.5M-$662.2M
2025$11.4B+88%-$169.9M$732.4M
PeriodGross marginOperating marginNet marginROEROA
2020+4.6%-73.5%-46.7%-7.9%-6.1%
2021+12.5%-31.3%-23.2%-11.5%-7.4%
2022+11.5%-32.4%-34.0%-24.8%-12.8%
2023+1.5%-35.5%-33.8%-28.6%-12.3%
2024+14.3%-16.3%-14.2%-18.5%-7.0%
2025+18.9%-3.5%-1.5%-3.8%-1.1%
PeriodCashDebtNet debtCurrent ratio
2020$4.4B$341.5M-$4B5.06
2021$1.6B$753.5M-$890.6M2.71
2022$2.2B$1.9B-$265.3M1.81
2023$3.2B$2.3B-$855.4M1.51
2024$2.8B$2.4B-$394.9M1.25
2025$2.6B$2.9B$331.7M1.09
PeriodMarket capEnterprise valueP/SP/E
2020$35.6B$31.6B40.9-43.5
2021$39.2B$38.3B12.5-54.0
2022$8.8B$8.5B2.2-6.4
2023$13.4B$12.6B2.9-8.7
2024$12.2B$11.8B2.0-14.1
2025$10.1B$10.4B0.9-59.1
Q3 2024$1.5B
Q4 2024$2.4B
Q1 2025$2.4B
Q2 2025$2.7B
Q3 2025$3B
Q4 2025$3.3B
Q1 2026$1.9B
Q2 2026$2.9B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$1.5B+18%-$269.6M$0
Q4 2024$2.4B+23%-$198.3M$0
Q1 2025$2.4B+141%-$99M$0
Q2 2025$2.7B+125%-$71.2M$0
Q3 2025$3B+102%-$56.8M$0
Q4 2025$3.3B+36%$56.4M$0
Q1 2026$1.9B-18%-$264.4M$0
Q2 2026$2.9B+8%-$198.8M$0
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+15.3%-18.3%-17.9%-5.6%-2.4%
Q4 2024+14.4%-9.7%-8.3%-4.3%-1.6%
Q1 2025+15.6%-6.6%-4.2%-2.2%-0.7%
Q2 2025+17.3%-5.1%-2.6%-1.6%-0.5%
Q3 2025+20.1%-3.7%-1.9%-1.3%-0.4%
Q4 2025+21.3%-4.2%+1.7%+1.2%+0.4%
Q1 2026+20.6%-16.2%-13.7%-6.3%-1.8%
Q2 2026+20.7%-6.7%-6.8%-4.9%-1.3%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$1.6B$2.3B$709.2M1.37
Q4 2024$2.8B$2.4B-$394.9M1.25
Q1 2025$2.6B$2.6B-$8.6M1.21
Q2 2025$2.8B$4.6B$1.8B1.14
Q3 2025$2.6B$5.2B$2.6B1.12
Q4 2025$2.6B$2.9B$331.7M1.09
Q1 2026$3B$6.2B$3.2B1.14
Q2 2026$3.2B$6.1B$2.9B1.11
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$12B$12.7B8.0-11.2
Q4 2024$12.2B$11.8B5.1-15.3
Q1 2025$21.2B$21.2B9.0-53.7
Q2 2025$18.1B$19.8B6.6-62.8
Q3 2025$23.7B$26.2B7.8-104.2
Q4 2025$10.1B$10.4B3.144.3
Q1 2026$8.4B$11.6B4.4-7.9
Q2 2026$6.4B$9.3B2.2-7.9

Refreshed 88h ago

Charts: revenue, profit, cash flow & valuation
Revenue$2.9BQ2 2026
$818.2M$1.6B$2.5B$3.3BQ3 2023: $1.3BQ4 2023: $1.9BQ1 2024: $976.5MQ2 2024: $1.2BQ3 2024: $1.5BQ4 2024: $2.4BQ1 2025: $2.4BQ2 2025: $2.7BQ3 2025: $3BQ4 2025: $3.3BQ1 2026: $1.9BQ2 2026: $2.9BQ3 2023Q2 2026
Net income-$198.8MQ2 2026
-$420.6M-$261.6M-$102.6M$56.4MQ3 2023: -$579.6MQ4 2023: -$201MQ1 2024: -$204MQ2 2024: -$191.6MQ3 2024: -$269.6MQ4 2024: -$198.3MQ1 2025: -$99MQ2 2025: -$71.2MQ3 2025: -$56.8MQ4 2025: $56.4MQ1 2026: -$264.4MQ2 2026: -$198.8MQ3 2023Q2 2026
EBITDA-$197.4MQ2 2026
-$409.2M-$249.2M-$89.2M$70.9MQ3 2023: -$569.2MQ4 2023: -$188MQ1 2024: -$190.2MQ2 2024: -$188.5MQ3 2024: -$252.3MQ4 2024: -$187.3MQ1 2025: -$77.5MQ2 2025: -$68MQ3 2025: -$43.9MQ4 2025: $70.9MQ1 2026: -$238.6MQ2 2026: -$197.4MQ3 2023Q2 2026
Free cash flow$0Q2 2026
Q3 2023: $0Q4 2023: $0Q1 2024: $0Q2 2024: $0Q3 2024: $0Q4 2024: $0Q1 2025: $0Q2 2025: $0Q3 2025: $0Q4 2025: $0Q1 2026: $0Q2 2026: $0Q3 2023Q2 2026
EPS-$0.43Q2 2026
-$0.47-$0.28-$0.08$0.12Q3 2023: -$0.67Q4 2023: -$0.21Q1 2024: -$0.21Q2 2024: -$0.2Q3 2024: -$0.28Q4 2024: -$0.21Q1 2025: -$0.1Q2 2025: -$0.07Q3 2025: -$0.06Q4 2025: $0.12Q1 2026: -$0.55Q2 2026: -$0.43Q3 2023Q2 2026
Cash / Debt$3.2BQ2 2026
$1.5B$3.1B$4.6B$6.2BQ3 2023 · Cash: $1.8BQ3 2023 · Debt: $2.1BQ4 2023 · Cash: $3.2BQ4 2023 · Debt: $2.3BQ1 2024 · Cash: $2.2BQ1 2024 · Debt: $2.1BQ2 2024 · Cash: $2.1BQ2 2024 · Debt: $2.3BQ3 2024 · Cash: $1.6BQ3 2024 · Debt: $2.3BQ4 2024 · Cash: $2.8BQ4 2024 · Debt: $2.4BQ1 2025 · Cash: $2.6BQ1 2025 · Debt: $2.6BQ2 2025 · Cash: $2.8BQ2 2025 · Debt: $4.6BQ3 2025 · Cash: $2.6BQ3 2025 · Debt: $5.2BQ4 2025 · Cash: $2.6BQ4 2025 · Debt: $2.9BQ1 2026 · Cash: $3BQ1 2026 · Debt: $6.2BQ2 2026 · Cash: $3.2BQ2 2026 · Debt: $6.1BQ3 2023Q2 2026
CashDebt
Profitability+20.7%Q2 2026
-28.8%-12.1%+4.6%+21.3%Q3 2023 · Gross margin: -2.7%Q4 2023 · Gross margin: +6.2%Q1 2024 · Gross margin: +12.9%Q2 2024 · Gross margin: +14.0%Q3 2024 · Gross margin: +15.3%Q4 2024 · Gross margin: +14.4%Q1 2025 · Gross margin: +15.6%Q2 2025 · Gross margin: +17.3%Q3 2025 · Gross margin: +20.1%Q4 2025 · Gross margin: +21.3%Q1 2026 · Gross margin: +20.6%Q2 2026 · Gross margin: +20.7%Q3 2023 · Operating margin: -37.1%Q4 2023 · Operating margin: -15.7%Q1 2024 · Operating margin: -25.1%Q2 2024 · Operating margin: -19.8%Q3 2024 · Operating margin: -18.3%Q4 2024 · Operating margin: -9.7%Q1 2025 · Operating margin: -6.6%Q2 2025 · Operating margin: -5.1%Q3 2025 · Operating margin: -3.7%Q4 2025 · Operating margin: -4.2%Q1 2026 · Operating margin: -16.2%Q2 2026 · Operating margin: -6.7%Q3 2023 · Net margin: -45.6%Q4 2023 · Net margin: -10.3%Q1 2024 · Net margin: -20.9%Q2 2024 · Net margin: -15.8%Q3 2024 · Net margin: -17.9%Q4 2024 · Net margin: -8.3%Q1 2025 · Net margin: -4.2%Q2 2025 · Net margin: -2.6%Q3 2025 · Net margin: -1.9%Q4 2025 · Net margin: +1.7%Q1 2026 · Net margin: -13.7%Q2 2026 · Net margin: -6.8%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+7.7%Q2 2026
+21.8%+61.7%+101.6%+141.5%Q3 2024: +18.4%Q4 2024: +23.4%Q1 2025: +141.5%Q2 2025: +125.3%Q3 2025: +101.8%Q4 2025: +36.3%Q1 2026: -18.1%Q2 2026: +7.7%Q3 2023Q2 2026
Shares outstanding478.2MQ2 2026
238.2M476.3M714.5M952.7MQ3 2023: 865MQ4 2023: 934.1MQ1 2024: 942.7MQ2 2024: 944MQ3 2024: 944MQ4 2024: 945.7MQ1 2025: 945.7MQ2 2025: 945.7MQ3 2025: 952.7MQ4 2025: 483.7MQ1 2026: 477.6MQ2 2026: 478.2MQ3 2023Q2 2026
Valuation-7.9Q2 2026
-67.1-29.97.244.3Q3 2023 · P/E: -7.4Q4 2023 · P/E: -18.0Q1 2024 · P/E: -9.7Q2 2024 · P/E: -10.3Q3 2024 · P/E: -11.2Q4 2024 · P/E: -15.3Q1 2025 · P/E: -53.7Q2 2025 · P/E: -62.8Q3 2025 · P/E: -104.2Q4 2025 · P/E: 44.3Q1 2026 · P/E: -7.9Q2 2026 · P/E: -7.9Q3 2023 · P/S: 13.6Q4 2023 · P/S: 7.4Q1 2024 · P/S: 8.1Q2 2024 · P/S: 6.5Q3 2024 · P/S: 8.0Q4 2024 · P/S: 5.1Q1 2025 · P/S: 9.0Q2 2025 · P/S: 6.6Q3 2025 · P/S: 7.8Q4 2025 · P/S: 3.1Q1 2026 · P/S: 4.4Q2 2026 · P/S: 2.2Q3 2023Q2 2026
P/EP/S
Revenue$11.4B2025
$2.9B$5.7B$8.6B$11.4B2018: $1.4M2019: $346.1M2020: $871.5M2021: $3.1B2022: $4B2023: $4.6B2024: $6.1B2025: $11.4B20182025
Net income-$169.9M2025
-$1.2B-$773.6M-$386.8M2018: -$208.6M2019: -$550.5M2020: -$407.4M2021: -$725.2M2022: -$1.4B2023: -$1.5B2024: -$863.5M2025: -$169.9M20182025
EBITDA$329.7M2025
-$814.3M-$433M-$51.6M$329.7M2018: -$193.5M2019: -$511.9M2020: -$338.6M2021: -$588.1M2022: -$1.1B2023: -$1.2B2024: -$434.6M2025: $329.7M20182025
Free cash flow$732.4M2025
-$1.3B-$596.6M$67.9M$732.4M2018: -$385.1M2019: -$815.9M2020: -$224M2021: -$807.2M2022: -$1.9B2023: -$202.1M2024: -$662.2M2025: $732.4M20182025
EPS-$0.362025
-$1.33-$0.89-$0.442018: -$0.472019: -$0.922020: -$0.962021: -$0.882022: -$1.592023: -$1.782024: -$0.912025: -$0.3620182025
Cash / Debt$2.6B2025
$1.1B$2.2B$3.3B$4.4B2018 · Cash: $242.6M2018 · Debt: $231.3M2019 · Cash: $290.3M2019 · Debt: $391M2020 · Cash: $4.4B2020 · Debt: $341.5M2021 · Cash: $1.6B2021 · Debt: $753.5M2022 · Cash: $2.2B2022 · Debt: $1.9B2023 · Cash: $3.2B2023 · Debt: $2.3B2024 · Cash: $2.8B2024 · Debt: $2.4B2025 · Cash: $2.6B2025 · Debt: $2.9B20182025
CashDebt
Profitability+18.9%2025
-13,090.0%-8,720.4%-4,350.8%+18.9%2018 · Gross margin: -24.3%2019 · Gross margin: -24.0%2020 · Gross margin: +4.6%2021 · Gross margin: +12.5%2022 · Gross margin: +11.5%2023 · Gross margin: +1.5%2024 · Gross margin: +14.3%2025 · Gross margin: +18.9%2018 · Operating margin: -17,459.7%2019 · Operating margin: -162.9%2020 · Operating margin: -73.5%2021 · Operating margin: -31.3%2022 · Operating margin: -32.4%2023 · Operating margin: -35.5%2024 · Operating margin: -16.3%2025 · Operating margin: -3.5%2018 · Net margin: -14,411.9%2019 · Net margin: -159.0%2020 · Net margin: -46.7%2021 · Net margin: -23.2%2022 · Net margin: -34.0%2023 · Net margin: -33.8%2024 · Net margin: -14.2%2025 · Net margin: -1.5%20182025
Gross marginOperating marginNet margin
Revenue growth+87.7%2025
+5,953.8%+11,907.6%+17,861.5%+23,815.3%2019: +23,815.3%2020: +151.8%2021: +259.1%2022: +28.0%2023: +14.2%2024: +33.2%2025: +87.7%20182025
Shares outstanding476M2025
236.4M472.8M709.3M945.7M2018: 855.3M2019: 855.3M2020: 855.3M2021: 821.5M2022: 856.3M2023: 870.5M2024: 945.7M2025: 476M20182025
Valuation-59.12025
3,169.66,398.49,627.112,855.82018 · P/E: -46.72019 · P/E: -24.02020 · P/E: -43.52021 · P/E: -54.02022 · P/E: -6.42023 · P/E: -8.72024 · P/E: -14.12025 · P/E: -59.12018 · P/S: 12,855.82019 · P/S: 54.42020 · P/S: 40.92021 · P/S: 12.52022 · P/S: 2.22023 · P/S: 2.92024 · P/S: 2.02025 · P/S: 0.920182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-11-16
Revenue est. $3.5B · Updated 88h ago

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 2026-2.72$13B+13%7
FY 2027-0.28$16.7B+46%7
FY 20281.59$19.9B+74%12
Q1 2027-0.34$3.3B+72%1
Q2 2027-0.28$4.3B+47%1
Q3 20270.56$4.8B+58%1

Company events

6
2026-11-16EarningsActual - / Estimate -0.11-
2026-08-24EarningsActual -0.21 / Estimate -0.06Miss
2026-05-28EarningsActual -0.27 / Estimate -0.11Miss
2026-03-20EarningsActual 0.06 / Estimate 0Beat
2025-11-17EarningsActual -0.06 / Estimate -0.01Miss
2025-08-19EarningsActual -0.07 / Estimate -0.11Beat

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering XPEV have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings53176
Analysts1626
Buy / hold / sell33 / 14 / 6104 / 51 / 21
Upgrades / downgrades / initiations2 / 3 / 016 / 7 / 3
Price targets hit / missed0 / 50 (0%)23 / 148 (13%)
Avg. return after a rating (TipRanks)-55.6%-37.7%
Best / worst call-16.3% / -80.7%+39.7% / -80.7%

After buy calls on this stock: median 21-day move -9.6% vs S&P 500 -10.7% (n = 111)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Tim HsiaoMorgan Stanley73% hit rate on this stock · 15 targets measuredBuytarget $34.00Mar 9, 2026
  2. Ming-Hsun LeeBank of America Securities71% hit rate on this stock · 14 targets measuredBuytarget $18.00Aug 24, 2026
  3. Jeff ChungCiti54% hit rate on this stock · 13 targets measuredBuytarget $21.40Aug 24, 2026

Latest ratings

DateAnalystCallTarget
Oct 12, 2026Neil BeveridgeBernsteinHoldMaintained$18.00
Sep 29, 2026Nick LaiJ.P. MorganHoldDowngraded$11.50
Sep 29, 2026Nick LaiJ.P. MorganHoldDowngraded$11.50
Sep 9, 2026Paul GongUBSHoldReiterated$12.00
Aug 25, 2026Jiong ShaoBarclaysSellReiterated$14.00
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$10.00$15.00$20.00$25.00Nov 25 · Buy 11 · Hold 2 · Sell 1Nov 25Dec 25 · Buy 10 · Hold 2 · Sell 1Jan 26 · Buy 11 · Hold 2 · Sell 1Jan 26Feb 26 · Buy 8 · Hold 1 · Sell 1Mar 26 · Buy 7 · Hold 3 · Sell 1Mar 26Apr 26 · Buy 7 · Hold 3 · Sell 1May 26 · Buy 8 · Hold 2 · Sell 1May 26Jun 26 · Buy 8 · Hold 2 · Sell 1Jul 26 · Buy 8 · Hold 3 · Sell 1Jul 26Aug 26 · Buy 9 · Hold 4 · Sell 1Sep 26 · Buy 6 · Hold 5 · Sell 1Sep 26Oct 26 · Buy 6 · Hold 5 · Sell 1Nov 25 · avg. target $27.86Dec 25 · avg. target $28.15Jan 26 · avg. target $28.36Feb 26 · avg. target $26.66Mar 26 · avg. target $25.46Apr 26 · avg. target $25.46May 26 · avg. target $23.91Jun 26 · avg. target $24.00Jul 26 · avg. target $23.33Aug 26 · avg. target $21.76Sep 26 · avg. target $18.35Oct 26 · avg. target $18.35Nov 25 · month-end close $21.83Dec 25 · month-end close $20.28Jan 26 · month-end close $17.98Feb 26 · month-end close $17.56Mar 26 · month-end close $17.11Apr 26 · month-end close $16.30May 26 · month-end close $16.45Jun 26 · month-end close $13.24Jul 26 · month-end close $13.00Aug 26 · month-end close $11.36Sep 26 · month-end close $9.56Oct 26 · month-end close $9.90

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Oct 16, 2026 · 53 ratings

Frequently asked questions

Where can I trade XPEV perpetual futures?

XPeng Inc. (XPEV) perpetual futures trade on 1 crypto venues, including Helix (Injective). PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade XPEV around the clock?

Yes. Unlike the underlying stock, XPEV perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on XPEV perpetuals?

Right now the XPEV perp funding rate is +24.1% annualized (venue median), ranging from +24.1% to +24.1% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the XPEV perp price compare to the XPeng Inc. stock?

The venue-median XPEV perp mark is $9.22 versus a reference stock price of $9.22, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a XPEV perpetual future?

A XPEV perpetual is a derivative that tracks the price of XPeng Inc. with no expiry date. It lets you take long or short exposure to XPeng Inc. on crypto venues, around the clock.

What is XPEVUSDT perpetual?

XPEVUSDT is the symbol most crypto exchanges use for the XPeng Inc. perpetual settled in USDT (Tether). It tracks the XPEV share price through an index, trades 24/7 with leverage and never expires.

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