XPeng Q4 2025: first quarterly net profit, revenue RMB22.25bn, gross margin 21.3%

Total revenues were RMB22.25 billion for Q4 2025, up 38.2% from the same quarter of 2024, on 116,249 deliveries. Gross margin was 21.3% and vehicle margin 13.0%; net profit — XPeng's first as a listed company — was RMB0.38 billion, against a loss of RMB1.33 billion a year earlier. The cash position at the end of the quarter was RMB47.66 billion. For Q1 2026 XPeng guided to deliveries of 61,000–66,000 and revenue of RMB12.20–13.28 billion.