XPeng Inc. (NYSE: XPEV) reported mixed financial results for the fourth quarter of 2025. While the company experienced a significant year-over-year revenue increase, it fell short of analysts’ expectations. The earnings per share showed a notable improvement from the previous year.
For the fourth quarter of 2025, XPeng reported an adjusted earnings per share of $0.07, a turnaround from the $-0.20 loss per share in the same period last year.
The company generated $3.18 billion in revenue during the fourth quarter of 2025, which was below the analysts’ estimate of $3.32 billion. However, this represents a 43.89% increase from the $2.21 billion reported in the fourth quarter of 2024.
XPeng’s gross margin for the fourth quarter of 2025 was 21.3%, compared to 14.4% in the same period of 2024 and 20.1% in the third quarter of 2025.
The company’s cash position stood at RMB47.66 billion (US$6.81 billion) as of December 31, 2025, up from RMB41.96 billion as of December 31, 2024.
For the first quarter of 2026, XPeng anticipates revenue to range between $1.75 billion and $1.90 billion. Vehicle deliveries are expected to be between 61,000 and 66,000, marking a year-over-year decrease of approximately 29.79% to 35.11%.
Total revenues for the fiscal year 2025 were RMB76.72 billion (US$10.97 billion), an 87.7% increase from RMB40.87 billion in the prior year. The gross margin for the fiscal year 2025 was 18.9%, compared to 14.3% in the previous year.
“In 2025, XPENG delivered a total of 429,445 vehicles, representing a 125.9% year-over-year increase. We continue to push the boundaries of Physical AI, accelerating the mass production and commercialization of product innovations as we expand our global footprint,” said Mr. Xiaopeng He, Chairman and CEO of XPENG.
 reported a mixed fourth quarter of 2025, with revenue increasing 43.89% year-over-year to $3.18 billion.){kind=link}