Li Auto revenue and financials
$10.87Change from previous close: +0.18%Absolute change: +$0.02
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 25,667 | 22,983 | 28,775 | 27,365 | 30,246 | 25,927 | 44,274 | 42,874 | 31,678 | 25,634 | 41,732 | 34,679 |
| Cost of revenue | 22,831 | 21,175 | 23,645 | 22,896 | 24,179 | 20,608 | 35,303 | 33,650 | 25,501 | 20,349 | 31,945 | 27,035 |
| Gross profit | 2,836 | 1,808 | 5,131 | 4,469 | 6,067 | 5,318 | 8,970 | 9,225 | 6,177 | 5,284 | 9,787 | 7,644 |
| Selling, general and administrative | 2,278 | 2,049 | 2,647 | 2,769 | 2,718 | 2,531 | 3,077 | 3,360 | 2,815 | 2,978 | 3,270 | 2,544 |
| Research and development | 2,776 | 2,722 | 3,017 | 2,974 | 2,810 | 2,514 | 2,408 | 2,587 | 3,028 | 3,049 | 3,491 | 2,817 |
| Operating income | -2,182 | -2,999 | -394 | -1,177 | 864 | 272 | 3,685 | 3,433 | 458 | -585 | 2,970 | 2,339 |
| EBIT | -2,182 | -2,999 | -394 | -1,177 | 864 | 272 | 3,685 | 3,433 | 458 | -585 | 2,970 | 2,339 |
| EBITDA | -832 | -1,840 | 765 | -413 | 1,716 | 1,036 | 4,449 | 3,884 | 1,101 | -134 | 3,422 | 2,759 |
| Interest expense | 116 | 40.7 | 37.4 | 32.7 | 49.8 | 48.2 | 61.8 | 54.2 | 43.2 | 28.6 | 13.7 | 11.7 |
| Pre-tax income | -1,949 | -2,601 | -27.3 | -739 | 1,289 | 774 | 4,062 | 3,400 | 1,178 | 676 | 4,176 | 2,951 |
| Income tax | -244 | -325 | -47.6 | -115 | 192 | 128 | 529 | 580 | 77.1 | 84.4 | -1,576 | 138 |
| Net income | -1,704 | -2,290 | 6.5 | -625 | 1,093 | 650 | 3,523 | 2,814 | 1,103 | 593 | 5,658 | 2,823 |
| Net income to common shareholders | -1,704 | -2,290 | 6.5 | -625 | 1,093 | 650 | 3,523 | 2,814 | 1,103 | 593 | 5,658 | 2,823 |
| Basic EPS | -1.69 | -2.26 | 0.01 | -0.62 | 1.09 | 0.65 | 3.52 | 2.82 | 1.11 | 0.60 | 5.72 | 2.86 |
| Diluted EPS | -1.70 | -2.26 | 0.01 | -0.62 | 1.02 | 0.62 | 3.31 | 2.66 | 1.05 | 0.56 | 5.31 | 2.68 |
| Average shares (basic) | 1,007 | 1,014 | 1,011 | 1,009 | 1,006 | 1,004 | 1,000 | 998 | 995 | 993 | 990 | 986 |
| Average shares (diluted) | 1,007 | 1,014 | 1,042 | 1,009 | 1,071 | 1,069 | 1,067 | 1,063 | 1,062 | 1,066 | 1,065 | 1,060 |