LINasdaqMotor Vehicles & Passenger Car BodiesFiscal year ends December 31Also trades as LAAOF

Li Auto Inc.

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 10, 2026

$11.29−0.05 (-0.44%)

Close on Oct 19, 2026

Li Auto Inc. income statement

Annual Quarterly TTM

CNY USD

Millions of CNY, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31
Revenue	112,313	144,460	123,851	45,287	27,010	9,457	284	–
Cost of Revenue	91,327	114,804	96,355	36,496	21,248	7,907	284	–
Gross Profit	20,985	29,656	27,497	8,790	5,761	1,549	-0.10	–
Research & Development	11,315	11,071	10,586	6,780	3,286	1,100	1,169	794
Selling, General & Admin	10,665	12,229	9,768	5,665	3,492	1,119	689	337
Advertising Expenses	1,601	1,576	1,411	1,010	–	–	–	–
Operating Expenses	21,506	22,637	20,090	12,445	6,779	2,219	1,859	1,131
Operating Income	-521	7,019	7,407	-3,655	-1,017	-669	-1,859	-1,131
Interest Expense	168	188	86	106	63	67	84	63
Income from Equity Investments	-1.35	-4.27	-9.53	-10	-0.08	-2.52	-163	-36
Other Non-Operating Income	67	664	1,048	626	187	20	-129	-3.08
Asset Impairment Charges	0	0	0	0	27	30	18	0
Gain (Loss) on Sale of Assets	-86	28	131	-56	-20	-0.38	-0.60	-2.56
Pretax Income	1,297	9,316	10,452	-2,159	-153	-189	-2,418	-1,165
Income Tax Expense	158	1,270	-1,357	-127	169	-23	–	–
Income from Continuing Operations	–	–	–	-2,032	-321	-166	-2,418	-1,165
Income from Discontinued Operations	–	–	–	–	–	14	-21	-367
Net Income incl. Noncontrolling Interests	1,139	8,045	11,809	-2,032	-321	-152	-2,439	-1,532
Minority Interest in Earnings	15	13	105	-20	0	–	–	–
Net Income	–	–	–	–	-321	-152	-2,439	-1,532
Preferred Dividends	–	–	–	0	–	0	–	–
Net Income to Common	1,124	8,032	11,704	-2,012	-321	-792	-3,282	-1,850
EPS (Basic)(per share)	0.56	4.03	5.95	-1.04	-0.17	-0.91	-12.87	-7.25
EPS (Diluted)(per share)	0.54	3.79	5.55	-1.04	-0.17	-0.91	-12.87	-7.25
Shares Outstanding (Basic, Weighted)(shares)	2,015	1,993	1,968	1,941	1,853	870	255	255
Shares Outstanding (Diluted, Weighted)(shares)	2,143	2,129	2,115	1,941	1,853	870	255	255
EBITDA	4,114	10,077	9,212	-2,441	-427	-348	-1,742	-1,070

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 18.7%
Operating margin: -0.5%
Net margin: –
Return on equity, FY2025: –

Financial strength

Current ratio: 1.81
Debt to equity: 0.13
Debt to assets: 6.2%
Cash to current liabilities: 89.2%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –

Valuation ratios need the share price and fill in once daily prices are connected.