XPEV Q3 2025 Earnings
Reported Nov 17, 2025 at 6:08 AM ET · SEC Source
Q3 25 EPS
$-0.02
BEAT +95.72%
Est. $-0.47
Q3 25 Revenue
$2.86B
MISS 85.96%
Est. $20.39B
vs S&P Since Q3 25
-38.8%
TRAILING MARKET
XPEV -30.5% vs S&P +8.3%
Market Reaction
Did XPEV Beat Earnings? Q3 2025 Results
XPeng delivered a standout Q3 2025, posting an adjusted loss of just $0.02 per share against a consensus estimate of $0.47, a 95.72% beat that underscored how sharply the Chinese EV maker's economics have improved. Revenue came in at $2.86 billion, t… Read more XPeng delivered a standout Q3 2025, posting an adjusted loss of just $0.02 per share against a consensus estimate of $0.47, a 95.72% beat that underscored how sharply the Chinese EV maker's economics have improved. Revenue came in at $2.86 billion, though the gap versus the $20.39 billion consensus reflected a currency and unit-of-measure conversion mismatch rather than operational weakness, with the company's own figures showing total revenue doubling year-over-year on the back of 116,007 vehicle deliveries, a 149.3% surge. The single most material driver was gross margin crossing 20% for the first time, rising 4.8 percentage points to 20.1%, while a high-margin services segment, energized by technology licensing milestones, contributed meaningfully to narrowing the net loss to $53.50 million from $1.81 billion a year ago. Analysts now see profitability within reach, with XPeng guiding Q4 deliveries of 125,000 to 132,000 vehicles and revenue growth of 33.5% to 42.8% year-over-year, even as broader market volatility and a fierce domestic price war temper the near-term outlook.
Key Takeaways
- • Vehicle deliveries surged 149.3% YoY to 116,007 units driven by newly launched models
- • Gross margin exceeded 20% for the first time, reaching 20.1%
- • Vehicle margin improved 4.5 percentage points YoY to 13.1% due to ongoing cost reduction
- • Services and others margin reached 74.6% driven by high-margin technical R&D services revenue from achievement of key milestones
- • Net loss narrowed 78.9% YoY to RMB0.38 billion
XPEV YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
XPEV Revenue by Segment
With YoY comparisons, source: SEC Filings
“In the third quarter of 2025, XPENG delivered another set of record results. Vehicle deliveries, revenue, gross margin and cash on hand all reached new highs. We are in the early stages of rapid expansion in terms of sales volume and market share, with Robotaxi and humanoid robots advancing rapidly toward mass production. I firmly believe XPENG will evolve into a global embodied AI company. Centered around physical AI applications, we are developing a comprehensive portfolio of technologies and products, alongside a thriving business ecosystem, thereby creating greater value for customers and shareholders worldwide.”
— Xiaopeng He, Q3 2025 Earnings Press Release
XPEV Earnings Trends
XPEV vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
XPEV EPS Trend
Earnings per share: estimate vs actual
XPEV Revenue Trend
Quarterly revenue: estimate vs actual
XPEV Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 FY | — | $0.08 | — | $3.18B | — |
| FY Full Year | — | $-0.07 | — | $10.97B | — |
| Q3 25 BEAT | $-0.47 | $-0.02 | +95.72% | $2.86B | -85.96% |
| Q2 25 BEAT | $-1.06 | $-0.07 | +93.41% | $2.55B | -85.77% |
| Q1 25 BEAT | $-1.51 | $-0.10 | +93.39% | $2.18B | -86.11% |