Li Auto revenue and financials
$10.89Change from previous close: +0.37%Absolute change: +$0.04
In the fiscal year ended December 2025, Li Auto reported revenue of ¥112.31B (+467.49% year over year). Net income was ¥162.94M, a net margin of 0.1%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +467.49%
- 2025 vs 2024
- Net income growth
- −85.22%
- 2025 vs 2024
- Net margin
- 0.1%
- 2024: 5.6%
Financial data
Amounts in millions of CNY; per-share values in CNY; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 15.0 | -6,091 | 3,521 | -7,396 | -3,036 | -1,701 | 8,680 | 11,025 | -429 | -3,342 | 17,294 | 14,507 |
| Depreciation and amortization | 2,718 | — | 2,936 | — | 1,721 | — | 1,755 | — | 1,303 | — | 1,033 | — |
| Capital expenditure | -1,316 | -1,297 | -2,570 | — | -806 | -830 | -4,594 | — | -1,423 | -1,713 | -2,656 | -1,282 |
| Investing cash flow | 2,920 | -8,181 | 2,110 | 8,373 | -227 | -10,960 | -19,987 | -14,213 | -3,839 | -3,098 | -469 | -4,424 |
| Financing cash flow | -5,488 | 337 | 179 | 597 | -70.0 | 61.4 | -734 | 238 | -105 | 185 | 863 | 1,371 |
| Share repurchases | -2,884 | — | — | — | — | — | — | — | — | — | — | — |
| Debt issued | 2,738 | — | 1,591 | — | 45.2 | — | 318 | — | 248 | — | 1,151 | — |
| Debt repaid | -5,014 | — | -821 | — | -122 | — | -822 | — | -175 | — | -99.9 | — |
| Effect of exchange rates | -185 | -102 | -225 | -48.6 | -108 | -70.3 | 356 | -246 | 32.3 | 55.8 | -48.2 | -20.3 |
| Net change in cash | -2,738 | -14,038 | 5,585 | 1,526 | -3,441 | -12,670 | -11,685 | -3,195 | -4,341 | -6,200 | 17,640 | 11,434 |
| Free cash flow | -1,301 | -7,388 | 951 | -7,396 | -3,842 | -2,531 | 4,086 | 11,025 | -1,853 | -5,055 | 14,638 | 13,225 |
| Levered free cash flow | 3,933 | -8,425 | 1,180 | -6,436 | -1,921 | -4,034 | 1,349 | 7,957 | -2,206 | -4,349 | 14,242 | 11,749 |