XPeng (XPEV) Balance Sheet: Assets & Liabilities

XPeng (XPEV) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), XPeng reported total assets of CNY 103.16B and total liabilities of CNY 72.79B. Shareholders' equity was CNY 30.37B, down 2.9% from CNY 31.27B a year earlier. Total debt stood at CNY 10.87B against CNY 35.07B in cash and short-term investments, a net cash position of CNY 24.20B. That puts debt-to-equity at 0.36, compared with 0.33 a year earlier.

XPeng Balance Sheet Analysis

Values in billions CNY

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Balance sheet showing assets, liabilities, and shareholders' equity for XPeng Inc. (XPEV) - Annual data in billions CNY
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Current Assets
Cash and Cash Equivalents	17.33	18.59	21.13	14.61	11.02	29.21	1.95	1.63
Short-Term Investments	17.74	14.24	17.59	16.61	28.78	3.80	0.41	3.01
Cash & Short-Term Investments	35.07	32.82	38.72	31.22	39.80	33.01	2.35	4.63
Accounts Receivable	2.10	2.49	6.18	6.61	2.71	1.28	0.59	1.09
Inventory	10.38	5.56	5.53	4.52	2.66	1.34	0.45	0.17
Other Current Assets	15.29	6.85	4.09	1.17	2.86	4.04	1.57	0.20
Total Current Assets	63.25	49.74	54.52	43.53	48.83	39.68	4.96	6.11
Non-Current Assets
Property, Plant & Equipment (Net)	17.26	12.78	12.53	12.61	6.99	3.54	3.68	1.23
Long-Term Investments	2.52	1.96	5.12	2.30	1.55	0.00	0.00	0.00
Goodwill	0.03	0.03	0.03	0.00	0.00	0.00	0.00	0.00
Intangible Assets	7.47	7.35	7.74	3.79	1.47	0.86	0.37	0.31
Other Non-Current Assets	12.66	10.87	4.22	9.27	6.81	0.23	0.24	0.02
Total Non-Current Assets	39.91	32.97	29.64	27.96	16.82	5.03	4.29	1.56
Total Assets	103.16	82.71	84.16	71.49	65.65	44.71	9.25	7.67
Current Liabilities
Accounts Payable	37.16	23.09	22.21	14.22	12.39	5.11	0.95	0.21
Short-Term Debt	4.28	4.61	6.20	3.80	0.11	0.29	0.57	0.28
Current Portion of Long-Term Debt	1.84	1.86	1.36	0.76	-	0.05	-	-
Accrued Liabilities	12.58	8.67	0.93	5.61	4.83	0.74	-	-
Deferred Revenue	1.46	1.28	0.73	0.50	0.42	0.17	0.05	0.04
Other Current Liabilities	0.28	4.35	6.62	5.51	3.46	2.26	1.72	0.47
Total Current Liabilities	58.11	39.86	36.11	24.11	18.01	7.84	3.30	0.97
Non-Current Liabilities
Long-Term Debt	6.59	5.66	9.20	9.03	1.68	2.00	2.05	1.27
Deferred Tax Liabilities	0.33	0.34	0.40	0.00	0.00	0.00	10.59	7.62
Other Non-Current Liabilities	3.10	3.78	1.33	0.42	2.63	0.44	0.00	0.00
Total Non-Current Liabilities	14.68	11.57	11.72	10.47	5.49	2.44	12.78	8.89
Total Liabilities	72.79	51.43	47.83	34.58	23.50	10.28	16.08	9.86
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	-42.63	-41.49	-35.76	-25.33	-16.19	-11.32	-6.82	-2.18
Accumulated Other Comprehensive Income	1.76	2.09	1.89	1.55	-1.65	-0.73	-0.01	0.00
Treasury Stock	0.00	0.00	-	-	-	-	-	-
Additional Paid-in Capital	71.24	70.67	70.20	60.69	59.98	46.48	-10.59	-6.98
Shares Outstanding	1.91	1.90	1.88	1.72	1.70	-	-	-
Total Stockholders' Equity	30.37	31.27	36.33	36.91	42.15	34.43	-6.83	-2.19
Total Liabilities & Equity	103.16	82.71	84.16	71.49	65.65	44.71	9.25	7.67

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About XPeng Balance Sheet

How much debt does XPeng have?

XPeng had total debt of CNY 10.87B as of Dec 31, 2025, against CNY 35.07B in cash and short-term investments. Its debt-to-equity ratio was 0.36. Total debt was CNY 10.27B a year earlier.

What are XPeng's total assets?

XPeng reported total assets of CNY 103.16B as of Dec 31, 2025, up 24.7% from CNY 82.71B a year earlier. Total liabilities were CNY 72.79B.

What is XPeng's shareholders' equity?

XPeng's shareholders' equity was CNY 30.37B as of Dec 31, 2025, or about CNY 15.91 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition