XPeng Inc. (XPEV) balance sheet

NYSE · Consumer Cyclical · Auto - Manufacturers · 20,632 employees · CEO Xiaopeng He

Price: $9.04 -1.58%
Market cap: $8.59B
Enterprise value: CN¥79.9B
Last report: Q2 '26 filed 2026-09-28
Next report: 2026-11-16

At the end of Q2 '26 XPeng Inc. (XPEV) held CN¥31.7B in cash and short-term investments against CN¥40.9B of debt incl. leases. Total assets CN¥102B, total liabilities CN¥74.6B, shareholders' equity CN¥27B.

Balance sheet

Balance sheet	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Assets
Cash & equivalents	CN¥12.2B	CN¥21.1B	CN¥14.5B	CN¥14.3B	CN¥10.7B	CN¥18.6B	CN¥17.8B	CN¥18.8B	CN¥17.5B	CN¥17.3B	CN¥19.8B	CN¥21.2B
Short-term investments	CN¥12.3B	CN¥17.6B	CN¥19.1B	CN¥13.9B	CN¥16.4B	CN¥14.1B	CN¥14.7B	CN¥15.1B	CN¥17.2B	CN¥17.6B	CN¥17.3B	CN¥10.5B
Receivables	CN¥4.97B	CN¥6.18B	CN¥4.01B	CN¥6.2B	CN¥4.59B	CN¥7.33B	CN¥4.62B	CN¥4.49B	CN¥4.57B	CN¥9.16B	CN¥4.4B	CN¥5.04B
Inventory	CN¥5.29B	CN¥5.53B	CN¥6.14B	CN¥5.57B	CN¥6.14B	CN¥5.56B	CN¥5.97B	CN¥6.6B	CN¥9.24B	CN¥10.4B	CN¥13.2B	CN¥13.7B
Other current assets	CN¥4.38B	CN¥3.57B	-CN¥257M	CN¥2.06B	CN¥3.25B	CN¥3.63B	CN¥7.79B	CN¥8.73B	CN¥9.72B	CN¥7.57B	CN¥2.23B	CN¥11.1B
Current assets	CN¥43.7B	CN¥54.5B	CN¥50.3B	CN¥44.7B	CN¥44B	CN¥49.7B	CN¥52B	CN¥54.8B	CN¥60B	CN¥63.3B	CN¥60.4B	CN¥61.5B
Property, plant & equipment (net)	CN¥12.5B	CN¥12.5B	CN¥12B	CN¥11.7B	CN¥12.7B	CN¥12.8B	CN¥15.3B	CN¥15.8B	CN¥16.1B	CN¥17.3B	CN¥18.5B	CN¥19.1B
Long-term investments	CN¥2.49B	CN¥5.12B	CN¥2.06B	CN¥2.06B	CN¥1.82B	CN¥6.45B	CN¥2.08B	CN¥2.14B	CN¥2.3B	CN¥6.79B	CN¥13.5B	CN¥10.3B
Goodwill	CN¥0	CN¥34.1M	CN¥0	CN¥34.1M	CN¥0	CN¥34.1M	CN¥0	CN¥0	CN¥0	CN¥34.1M	CN¥0	CN¥0
Intangible assets	CN¥3.84B	CN¥7.74B	CN¥7.61B	CN¥7.47B	CN¥7.33B	CN¥7.35B	CN¥7.72B	CN¥7.59B	CN¥7.45B	CN¥7.47B	CN¥4.1B	CN¥3.99B
Other non-current assets	CN¥8.08B	CN¥4.22B	CN¥7.95B	CN¥8.96B	CN¥10.7B	CN¥6.34B	CN¥11.7B	CN¥12.2B	CN¥12.5B	CN¥8.36B	CN¥3.88B	CN¥6.71B
Non-current assets	CN¥26.9B	CN¥29.6B	CN¥29.6B	CN¥30.3B	CN¥32.5B	CN¥33B	CN¥36.9B	CN¥37.7B	CN¥38.4B	CN¥39.9B	CN¥40B	CN¥40.1B
Total assets	CN¥70.5B	CN¥84.2B	CN¥79.9B	CN¥75B	CN¥76.4B	CN¥82.7B	CN¥88.9B	CN¥92.4B	CN¥98.3B	CN¥103B	CN¥100B	CN¥102B
Liabilities
Accounts payable	CN¥16.6B	CN¥22.2B	CN¥20B	CN¥8.1B	CN¥16.9B	CN¥15.2B	CN¥27B	CN¥17B	CN¥17.8B	CN¥18B	CN¥13B	CN¥15.7B
Accrued expenses	CN¥6.67B	CN¥928M	CN¥6.36B	CN¥6.02B	CN¥7.33B	CN¥1.62B	CN¥8.25B	CN¥9.84B	CN¥10.7B	CN¥2.58B	CN¥12.5B	CN¥0
Short-term debt	CN¥5B	CN¥5.79B	CN¥6.18B	CN¥6.14B	CN¥6.6B	CN¥6.47B	CN¥6.13B	CN¥19.2B	CN¥22.8B	CN¥7.31B	CN¥25.4B	CN¥25.2B
Taxes payable	CN¥13.3M	CN¥356M	CN¥6.74M	CN¥7.85M	CN¥8.19M	CN¥450M	CN¥0	CN¥5.24M	CN¥6.64M	CN¥0	CN¥0	CN¥0
Deferred revenue	CN¥537M	CN¥731M	CN¥556M	CN¥1B	CN¥863M	CN¥1.65B	CN¥1.17B	CN¥1.49B	CN¥1.9B	CN¥1.76B	CN¥1.75B	CN¥1.7B
Other current liabilities	CN¥973M	CN¥2.48B	CN¥0	-CN¥3.03B	CN¥0	CN¥2.9B	CN¥0	CN¥0	CN¥0	CN¥4.1B	CN¥86.5M	CN¥12.7B
Current liabilities	CN¥30.3B	CN¥36.1B	CN¥33.5B	CN¥29.8B	CN¥32B	CN¥39.9B	CN¥42.9B	CN¥48B	CN¥53.6B	CN¥58.1B	CN¥53.1B	CN¥55.3B
Long-term debt	CN¥6.42B	CN¥6.93B	CN¥5.43B	CN¥6.65B	CN¥6.38B	CN¥6.98B	CN¥5.84B	CN¥5.79B	CN¥6.42B	CN¥6.76B	CN¥8.97B	CN¥8.99B
Lease obligations (non-current)	CN¥2.33B	CN¥2.27B	CN¥2.17B	CN¥2.16B	CN¥2.08B	CN¥2.12B	CN¥5.35B	CN¥5.21B	CN¥5.05B	CN¥4.99B	CN¥6.69B	CN¥6.72B
Deferred revenue (non-current)	CN¥679M	CN¥791M	CN¥677M	CN¥792M	CN¥689M	CN¥1.02B	CN¥877M	CN¥1.05B	CN¥1.07B	CN¥1.41B	CN¥1.27B	CN¥1.35B
Deferred tax liabilities	CN¥0	CN¥404M	CN¥403M	CN¥364M	CN¥368M	CN¥342M	CN¥342M	CN¥330M	CN¥313M	CN¥330M	CN¥329M	CN¥330M
Other non-current liabilities	CN¥2.02B	CN¥1.33B	CN¥2.59B	CN¥1.22B	CN¥2.86B	CN¥1.1B	CN¥2.84B	CN¥1.74B	CN¥1.89B	CN¥1.2B	CN¥1.69B	CN¥1.89B
Non-current liabilities	CN¥11.5B	CN¥11.7B	CN¥11.3B	CN¥11.2B	CN¥12.4B	CN¥11.6B	CN¥15.3B	CN¥14.1B	CN¥14.7B	CN¥14.7B	CN¥18.9B	CN¥19.3B
Total liabilities	CN¥41.7B	CN¥47.8B	CN¥44.8B	CN¥41B	CN¥44.4B	CN¥51.4B	CN¥58.2B	CN¥62.1B	CN¥68.3B	CN¥72.8B	CN¥72.1B	CN¥74.6B
Equity
Common stock & paid-in capital	CN¥113K	CN¥124K	CN¥124K	CN¥124K	CN¥125K	CN¥126K	CN¥126K	CN¥126K	CN¥126K	CN¥127K	CN¥126K	CN¥127K
Retained earnings	-CN¥34.4B	-CN¥35.8B	-CN¥37.1B	-CN¥38.4B	-CN¥40.2B	-CN¥41.6B	-CN¥42.3B	-CN¥42.7B	-CN¥43.1B	-CN¥42.8B	-CN¥44.4B	-CN¥45.9B
Accumulated other comprehensive income	CN¥2.08B	CN¥1.89B	CN¥1.93B	CN¥2.02B	CN¥1.75B	CN¥2.19B	CN¥2.17B	CN¥2.16B	CN¥2.05B	CN¥1.9B	CN¥1.63B	CN¥1.39B
Shareholders' equity	CN¥28.8B	CN¥36.3B	CN¥35.1B	CN¥34B	CN¥32B	CN¥31.3B	CN¥30.7B	CN¥30.3B	CN¥30B	CN¥30.4B	CN¥28.4B	CN¥27B
Debt
Total debt (incl. leases)	CN¥14.2B	CN¥15.4B	CN¥14.2B	CN¥15.3B	CN¥15.4B	CN¥15.9B	CN¥17.7B	CN¥30.7B	CN¥34.7B	CN¥19.6B	CN¥41.3B	CN¥40.9B
Net debt (debt - cash)	CN¥2.04B	-CN¥5.74B	-CN¥388M	CN¥1.06B	CN¥4.76B	-CN¥2.65B	-CN¥57.8M	CN¥11.9B	CN¥17.2B	CN¥2.22B	CN¥21.5B	CN¥19.7B

Balance sheet	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	CN¥1.63B	CN¥1.95B	CN¥29.2B	CN¥11B	CN¥14.6B	CN¥21.1B	CN¥18.6B	CN¥17.3B
Short-term investments	CN¥3.01B	CN¥408M	CN¥3.8B	CN¥28.7B	CN¥16.6B	CN¥17.6B	CN¥14.1B	CN¥17.6B
Receivables	CN¥1.09B	CN¥585M	CN¥1.28B	CN¥4.16B	CN¥6.61B	CN¥6.18B	CN¥7.33B	CN¥9.16B
Inventory	CN¥169M	CN¥454M	CN¥1.34B	CN¥2.66B	CN¥4.52B	CN¥5.53B	CN¥5.56B	CN¥10.4B
Other current assets	CN¥1.24B	CN¥1.57B	CN¥4.04B	CN¥911M	CN¥495M	CN¥3.57B	CN¥3.63B	CN¥7.57B
Current assets	CN¥6.11B	CN¥4.96B	CN¥39.7B	CN¥48.8B	CN¥43.5B	CN¥54.5B	CN¥49.7B	CN¥63.3B
Property, plant & equipment (net)	CN¥1.23B	CN¥3.68B	CN¥3.54B	CN¥7.01B	CN¥12.6B	CN¥12.5B	CN¥12.8B	CN¥17.3B
Long-term investments	CN¥0	CN¥0	CN¥1M	CN¥1.55B	CN¥2.3B	CN¥5.12B	CN¥6.45B	CN¥6.79B
Goodwill	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥34.1M	CN¥34.1M	CN¥34.1M
Intangible assets	CN¥309M	CN¥373M	CN¥858M	CN¥2.98B	CN¥3.79B	CN¥7.74B	CN¥7.35B	CN¥7.47B
Deferred tax assets	CN¥0	CN¥0	CN¥397M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Other non-current assets	CN¥24.7M	CN¥240M	CN¥229M	CN¥5.28B	CN¥9.27B	CN¥4.22B	CN¥6.34B	CN¥8.36B
Non-current assets	CN¥1.56B	CN¥4.29B	CN¥5.03B	CN¥16.8B	CN¥28B	CN¥29.6B	CN¥33B	CN¥39.9B
Total assets	CN¥7.67B	CN¥9.25B	CN¥44.7B	CN¥65.7B	CN¥71.5B	CN¥84.2B	CN¥82.7B	CN¥103B
Liabilities
Accounts payable	CN¥215M	CN¥954M	CN¥5.11B	CN¥12.4B	CN¥14.2B	CN¥22.2B	CN¥15.2B	CN¥18B
Accrued expenses	CN¥246M	CN¥588M	CN¥742M	CN¥419M	CN¥456M	CN¥928M	CN¥1.62B	CN¥2.58B
Short-term debt	CN¥200M	CN¥480M	CN¥173M	CN¥107M	CN¥3.18B	CN¥5.79B	CN¥6.47B	CN¥7.31B
Taxes payable	CN¥0	CN¥0	CN¥1.21M	CN¥96.5M	CN¥78.8M	CN¥356M	CN¥450M	CN¥0
Deferred revenue	CN¥36.5M	CN¥53.9M	CN¥169M	CN¥627M	CN¥503M	CN¥731M	CN¥1.65B	CN¥1.76B
Other current liabilities	CN¥228M	CN¥1.13B	CN¥1.52B	CN¥1.54B	CN¥1.83B	CN¥2.48B	CN¥2.9B	CN¥4.1B
Current liabilities	CN¥973M	CN¥3.3B	CN¥7.84B	CN¥18B	CN¥24.1B	CN¥36.1B	CN¥39.9B	CN¥58.1B
Long-term debt	CN¥1B	CN¥1.69B	CN¥1.65B	CN¥3.38B	CN¥6.38B	CN¥6.93B	CN¥6.98B	CN¥6.76B
Lease obligations (non-current)	CN¥267M	CN¥361M	CN¥353M	CN¥1.19B	CN¥2.65B	CN¥2.27B	CN¥2.12B	CN¥4.99B
Deferred revenue (non-current)	CN¥1.52M	CN¥116M	CN¥0	CN¥653M	CN¥1.01B	CN¥791M	CN¥1.02B	CN¥1.41B
Deferred tax liabilities	CN¥7.62B	CN¥10.6B	CN¥0	CN¥0	CN¥0	CN¥404M	CN¥342M	CN¥330M
Other non-current liabilities	CN¥62K	CN¥0	CN¥442M	CN¥266M	CN¥425M	CN¥1.33B	CN¥1.1B	CN¥1.2B
Non-current liabilities	CN¥8.89B	CN¥12.8B	CN¥2.44B	CN¥5.49B	CN¥10.5B	CN¥11.7B	CN¥11.6B	CN¥14.7B
Total liabilities	CN¥9.86B	CN¥16.1B	CN¥10.3B	CN¥23.5B	CN¥34.6B	CN¥47.8B	CN¥51.4B	CN¥72.8B
Equity
Common stock & paid-in capital	CN¥21K	CN¥21K	CN¥101K	CN¥112K	CN¥113K	CN¥124K	CN¥126K	CN¥127K
Retained earnings	-CN¥2.18B	-CN¥6.82B	-CN¥11.3B	-CN¥16.2B	-CN¥25.3B	-CN¥35.8B	-CN¥41.6B	-CN¥42.8B
Accumulated other comprehensive income	-CN¥2.98M	-CN¥5.95M	-CN¥730M	-CN¥1.64B	CN¥1.55B	CN¥1.89B	CN¥2.19B	CN¥1.9B
Shareholders' equity	-CN¥2.19B	-CN¥6.83B	CN¥34.4B	CN¥42.1B	CN¥36.9B	CN¥36.3B	CN¥31.3B	CN¥30.4B
Debt
Total debt (incl. leases)	CN¥1.55B	CN¥2.62B	CN¥2.29B	CN¥5.05B	CN¥12.8B	CN¥15.4B	CN¥15.9B	CN¥19.6B
Net debt (debt - cash)	-CN¥75.9M	CN¥675M	-CN¥26.9B	-CN¥5.97B	-CN¥1.78B	-CN¥5.74B	-CN¥2.65B	CN¥2.22B

Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in CNY.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02 · Amounts in CNY as reported; price and market cap in USD.