Li Auto Inc. (LI) quarterly income statement — complete revenue, gross profit & net income history
Li Auto Inc. (LI) annual income statement — 8-year revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 25.59B | 22.84B | 28.38B | 27.4B | 30.35B | 25.99B | 41.98B | 43.18B | 31.64B | 25.63B | 40.9B | 34.95B | 29.56B | 18.88B | 16.99B | 9.74B | 8.85B | 9.57B | 10.57B | 7.76B |
| Revenue Growth % | -15.68% | -12.09% | -32.4% | -36.54% | -4.07% | 1.4% | 2.64% | 23.55% | 7.03% | 35.77% | 140.66% | 259.02% | 234.1% | 97.29% | 60.71% | 25.53% | 75.38% | 164.16% | 158.97% | 214.51% |
| Cost of Goods Sold | 22.77B | 21.05B | 23.32B | 22.93B | 24.26B | 20.66B | 33.49B | 33.89B | 25.47B | 20.34B | 31.31B | 27.25B | 23.13B | 15.03B | 13.56B | 8.59B | 6.95B | 7.4B | 8.2B | 5.95B |
| COGS % of Revenue | 88.95% | 92.13% | 82.17% | 83.67% | 79.94% | 79.49% | 79.79% | 78.48% | 80.5% | 79.39% | 76.55% | 77.96% | 78.24% | 79.61% | 79.79% | 88.2% | 78.49% | 77.37% | 77.59% | 76.7% |
| Gross Profit | 2.83B | 1.8B | 5.06B | 4.48B | 6.09B | 5.33B | 8.48B | 9.29B | 6.17B | 5.28B | 9.59B | 7.7B | 6.43B | 3.85B | 3.43B | 1.15B | 1.9B | 2.17B | 2.37B | 1.81B |
| Gross Margin % | 11.05% | 7.87% | 17.83% | 16.33% | 20.06% | 20.51% | 20.21% | 21.52% | 19.5% | 20.61% | 23.45% | 22.04% | 21.76% | 20.39% | 20.21% | 11.8% | 21.51% | 22.63% | 22.41% | 23.3% |
| Gross Profit Growth % | -53.55% | -66.29% | -40.36% | -51.83% | -1.31% | 0.9% | -11.55% | 20.59% | -4.1% | 37.28% | 179.31% | 570.53% | 238.02% | 77.73% | 44.91% | -36.43% | 99.5% | 261.37% | 232.12% | 270.47% |
| Operating Expenses | 5.04B | 4.74B | 5.59B | 5.75B | 5.55B | 5.06B | 5.14B | 5.99B | 5.84B | 6.02B | 6.63B | 5.4B | 4.89B | 3.51B | 3.56B | 3.37B | 2.89B | 2.58B | 2.35B | 1.9B |
| OpEx % of Revenue | 19.69% | 20.76% | 19.68% | 20.99% | 18.28% | 19.46% | 12.24% | 13.87% | 18.44% | 23.51% | 16.2% | 15.46% | 16.52% | 18.62% | 20.96% | 34.6% | 32.71% | 26.95% | 22.18% | 24.56% |
| Selling, General & Admin | 2.27B | 2.04B | 2.61B | 2.77B | 2.73B | 2.54B | 2.89B | 3.38B | 2.81B | 2.98B | 3.2B | 2.56B | 2.38B | 1.65B | 1.57B | 1.51B | 1.34B | 1.2B | 1.12B | 1.02B |
| SG&A % of Revenue | 8.88% | 8.92% | 9.2% | 10.12% | 8.99% | 9.76% | 6.88% | 7.84% | 8.89% | 11.62% | 7.83% | 7.34% | 8.06% | 8.76% | 9.23% | 15.55% | 15.17% | 12.58% | 10.6% | 13.14% |
| Research & Development | 2.77B | 2.71B | 0 | 2.98B | 2.82B | 2.52B | 2.25B | 2.61B | 3.02B | 3.05B | 3.42B | 2.84B | 2.5B | 1.86B | 1.99B | 1.85B | 1.55B | 1.37B | 1.22B | 886.19M |
| R&D % of Revenue | 10.81% | 11.84% | - | 10.87% | 9.29% | 9.7% | 5.36% | 6.03% | 9.56% | 11.89% | 8.37% | 8.12% | 8.47% | 9.86% | 11.73% | 19.05% | 17.54% | 14.37% | 11.58% | 11.43% |
| Other Operating Expenses | 7 | 7 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -2.21B | -2.95B | -525.67M | -1.28B | 540.96M | 274.22M | 3.35B | 3.3B | 333.85M | -741.96M | 2.97B | 2.3B | 1.55B | 334.06M | -128.66M | -2.22B | -991.41M | -413.31M | 24M | -97.55M |
| Operating Margin % | -8.64% | -12.89% | -1.85% | -4.66% | 1.78% | 1.06% | 7.97% | 7.65% | 1.06% | -2.9% | 7.25% | 6.58% | 5.24% | 1.77% | -0.76% | -22.8% | -11.2% | -4.32% | 0.23% | -1.26% |
| Operating Income Growth % | -508.79% | -1174.1% | -115.7% | -138.65% | 62.04% | 136.96% | 12.88% | 43.48% | -78.43% | -322.1% | 2405.13% | 203.7% | 256.15% | 180.83% | -636.09% | -2175.09% | -84.75% | -0.07% | 130.88% | 44.81% |
| EBITDA | -2.21B | -2.55B | 2.39B | -707.3M | 2.26B | 824.51M | 5.1B | 3.48B | 1.64B | 703.97M | 4B | 2.99B | 2.34B | 692.56M | 284.01M | -1.82B | -787.8M | -211.56M | 231.82M | 59.64M |
| EBITDA Margin % | -8.64% | -11.14% | 8.42% | -2.58% | 7.45% | 3.17% | 12.16% | 8.06% | 5.17% | 2.75% | 9.78% | 8.54% | 7.93% | 3.67% | 1.67% | -18.73% | -8.9% | -2.21% | 2.19% | 0.77% |
| EBITDA Growth % | -197.77% | -408.67% | -53.19% | -120.33% | 38.2% | 17.12% | 27.62% | 16.52% | -30.2% | 1.65% | 1307.88% | 263.76% | 397.63% | 427.35% | 22.51% | -3157.46% | -91.79% | 16.5% | 114.64% | 164.56% |
| D&A (Non-Cash Add-back) | 0 | 0 | 2.91B | 0 | 1.72B | 0 | 1.76B | 0 | 1.3B | 0 | 1.03B | 0 | 796.66M | 358.5M | 412.66M | 395.9M | 203.6M | 201.75M | 207.82M | 157.18M |
| EBIT | -2.21B | -2.55B | 9.94M | -707.3M | 1.34B | 824.51M | 3.96B | 3.48B | 1.22B | 703.97M | 4.11B | 2.99B | 2.46B | 1.01B | 199.18M | -1.74B | -632.36M | 29.52M | 291.19M | 119.61M |
| Net Interest Income | 337.83M | 351.22M | 393.31M | 442.77M | 448.27M | 469.1M | 307.52M | -54.56M | 326.4M | 1.04B | 765.07M | 431.45M | 414.57M | 387.9M | 296.98M | 282.69M | 231.51M | 152.82M | 168.9M | 130.55M |
| Interest Income | 453.75M | 391.64M | 430.73M | 476.13M | 498.22M | 517.43M | 366.38M | 0 | 369.59M | 1.07B | 778.47M | 443.24M | 443.91M | 420.5M | 333.95M | 320.87M | 252.97M | 162.97M | 178.54M | 149.74M |
| Interest Expense | 115.92M | 40.41M | 36.9M | 32.71M | 49.95M | 48.33M | 58.86M | 54.56M | 43.18M | 28.59M | 13.4M | 11.79M | 29.34M | 32.59M | 36.97M | 38.18M | 21.45M | 10.14M | 9.64M | 19.19M |
| Other Income/Expense | 268M | 359.95M | 498.7M | 536.21M | 752.62M | 501.96M | 550.7M | 122.66M | 842.79M | 1.42B | 1.13B | 672.78M | 878.53M | 643.29M | 290.86M | 445.8M | 337.6M | 432.68M | 257.55M | 197.97M |
| Pretax Income | -1.94B | -2.59B | -26.97M | -740.01M | 1.29B | 776.18M | 3.9B | 3.42B | 1.18B | 675.38M | 4.09B | 2.97B | 2.43B | 977.35M | 162.21M | -1.77B | -653.81M | 19.38M | 281.55M | 100.43M |
| Pretax Margin % | -7.59% | -11.32% | -0.1% | -2.7% | 4.26% | 2.99% | 9.29% | 7.93% | 3.72% | 2.64% | 10.01% | 8.51% | 8.21% | 5.18% | 0.95% | -18.22% | -7.39% | 0.2% | 2.66% | 1.29% |
| Income Tax | -242.92M | -323.18M | -46.93M | -114.7M | 192.73M | 128.07M | 502.64M | 583.94M | 77.03M | 84.42M | -1.54B | 139.27M | 43.21M | 39.13M | -93.24M | -58.54M | -4.28M | 30.25M | -12.69M | 121.88M |
| Effective Tax Rate % | 12.5% | 12.5% | 174.03% | 15.5% | 14.9% | 16.5% | 12.89% | 17.05% | 6.55% | 12.5% | -37.75% | 4.68% | 1.78% | 4% | -57.48% | 3.3% | 0.65% | 156.11% | -4.51% | 121.36% |
| Net Income | -1.7B | -2.28B | 6.43M | -625.89M | 1.1B | 651.8M | 3.39B | 2.83B | 1.1B | 592.38M | 5.54B | 2.85B | 2.37B | 934.03M | 247.39M | -1.71B | -626.15M | -10.87M | 294.24M | -21.45M |
| Net Margin % | -6.64% | -9.96% | 0.02% | -2.28% | 3.61% | 2.51% | 8.07% | 6.56% | 3.48% | 2.31% | 13.56% | 8.14% | 8% | 4.95% | 1.46% | -17.56% | -7.08% | -0.11% | 2.78% | -0.28% |
| Net Income Growth % | -254.99% | -449.14% | -99.81% | -122.08% | -0.44% | 10.03% | -38.93% | -0.38% | -53.45% | -36.58% | 2141.34% | 266.46% | 477.85% | 8691.02% | -15.92% | -7866.88% | -165.56% | 97.02% | 177.84% | 79.57% |
| Net Income (Continuing) | -1.7B | -2.26B | 19.96M | -625.31M | 1.1B | 648.11M | 3.4B | 2.84B | 1.1B | 590.95M | 5.64B | 2.83B | 2.38B | 938.22M | 255.45M | -1.71B | -649.53M | -10.87M | 294.24M | -21.45M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 531.99M | 520.49M | 506.76M | 506.18M | 501.82M | 445.5M | 435.74M | 429.51M | 431.17M | 432.6M | 338.36M | 348.72M | 331.77M | 327.61M | 290.17M | 295.59M | 0 | 0 | 0 |
| EPS (Diluted) | -1.70 | -2.28 | 0.01 | -0.62 | 1.02 | 0.61 | 3.18 | 2.66 | 1.04 | 0.56 | 5.20 | 2.68 | 2.24 | 0.89 | 0.24 | -1.76 | -0.65 | -0.01 | 0.29 | -0.02 |
| EPS Growth % | -266.67% | -473.77% | -99.8% | -123.31% | -1.92% | 8.93% | -38.85% | -0.75% | -53.57% | -37.08% | 2066.67% | 252.27% | 444.62% | 7907.02% | -17.24% | -7486.21% | -150% | 97.15% | 141.67% | 93.89% |
| EPS (Basic) | -1.70 | -2.28 | 0.01 | -0.62 | 1.09 | 0.65 | 3.38 | 2.84 | 1.11 | 0.60 | 5.60 | 2.88 | 2.42 | 0.95 | 0.25 | -1.76 | -0.65 | -0.01 | 0.31 | -0.02 |
| Diluted Shares Outstanding | 1.01B | 1.01B | 1.04B | 1.01B | 1.07B | 1.07B | 1.07B | 1.06B | 1.06B | 1.07B | 1.06B | 1.06B | 1.05B | 1.05B | 1.05B | 969.76M | 965.4M | 964.87M | 1.03B | 933.51M |
| Basic Shares Outstanding | 1.01B | 1.01B | 1.01B | 1.01B | 1.01B | 1B | 1B | 997.93M | 994.83M | 993.31M | 989.91M | 985.82M | 980.25M | 979.17M | 976.97M | 969.76M | 965.4M | 964.87M | 962.73M | 933.51M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |