Li Auto Inc. (LI) Revenue History
Annual and quarterly revenue from 2018 to 2024
Compound Annual Growth Rate (CAGR)
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LI Revenue Growth
Revenue Breakdown (FY 2024)
LI's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
LI Revenue Analysis (2018–2024)
As of May 8, 2026, Li Auto Inc. (LI) generated trailing twelve-month (TTM) revenue of $125.72 billion, reflecting significant decline in growth of -36.5% year-over-year. The most recent quarter (Q3 2025) recorded $27.40 billion in revenue, down 9.7% sequentially.
Looking at the longer-term picture, LI's 5-year compound annual growth rate (CAGR) stands at +247.9%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $144.52 billion in 2024, representing a new all-time high.
Revenue diversification analysis shows LI's business is primarily driven by Vehicle sales (96%), and Other Sales And Services (4%). With over half of revenue concentrated in Vehicle sales, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including NIO (+30.4% YoY), XPEV (+66.4% YoY), and ZK (+25.1% YoY), LI has underperformed the peer group in terms of revenue growth. Compare LI vs NIO →
LI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| LICurrent | $125.7B | -36.5% | +247.9% | 4.4% | |
 NIO | $65.7B | +30.4% | +53.1% | -33.3% | |
 XPEV | $40.9B | +66.4% | +77.5% | -16.3% | |
 ZK | $75.9B | +25.1% | - | -8.5% | |
 TSLA | $94.8B | +2.3% | +24.6% | 4.6% | |
 RIVN | $5.4B | +10.4% | - | -66.5% |
LI Historical Revenue Data (2018–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $144.52B | +16.7% | $29.67B | 20.5% | $6.36B | 4.4% |
| 2023 | $123.83B | +168.7% | $27.49B | 22.2% | $7.14B | 5.8% |
| 2022 | $46.08B | +72.9% | $8.81B | 19.1% | $-3,719,070,000 | -8.1% |
| 2021 | $26.66B | +198.2% | $5.55B | 20.8% | $-1,004,148,999 | -3.8% |
| 2020 | $8.94B | +3052.5% | $1.39B | 15.5% | $-604,076,182 | -6.8% |
| 2019 | $283.6M | - | $-97,130,065 | -34.2% | $-1,835,579,036 | -647.2% |
| 2018 | $0 | - | $-89,698,450 | - | $-1,175,029,867 | - |
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Start ComparisonLI — Frequently Asked Questions
Quick answers to the most common questions about buying LI stock.
Is LI's revenue growth accelerating or slowing?
LI revenue declined -36.5% year-over-year, contrasting with the 5-year CAGR of +247.9%. TTM revenue fell to $125.7B. This reverses the prior growth trend.
What is LI's long-term revenue growth rate?
Li Auto Inc.'s 5-year revenue CAGR of +247.9% reflects the variable expansion pattern. Current YoY growth of -36.5% is below this long-term average.
How is LI's revenue distributed by segment?
LI reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2018-2024 are available for download. Segment mix reveals concentration and diversification trends.