Xpeng Inc. cash flow statement

In fiscal 2025, Xpeng Inc.'s operations generated $1.15bn of cash; it spent $439m on capital projects, leaving free cash flow of $710m.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Xpeng Inc.: cash flow statement, annual
Fiscal year	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	−238	−516	−20	−170	−1,226	135	−280	1,149
Depreciation and amortisation	8	18	44	89	136	233	218	251
Stock-based pay	0	0	144	59	106	78	66	79
Capital spending	117	265	117	357	637	296	309	439
Free cash flow	−355	−781	−137	−526	−1,863	−161	−589	710
Free cash flow after stock pay	−355	−781	−282	−585	−1,968	−239	−655	631

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

Compare with peers

Head to head: THO vs XPEV NIO vs XPEV RACE vs XPEV LI vs XPEV

More: Automobile Manufacturers stocks compared, Consumer Discretionary sector, rankings of US companies

Figures from Xpeng Inc.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Xpeng Inc.