Li Auto Inc. (LI)

NASDAQ: LI · Real-Time Price · USD

11.40

-0.14 (-1.21%)

At close: Oct 12, 2026, 4:00 PM EDT

11.35

-0.05 (-0.44%)

After-hours: Oct 12, 2026, 7:55 PM EDT

Li Auto Financials Overview

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	104,790	112,313	144,460	123,851	45,287	27,010
Revenue Growth	-26.88%	-22.25%	16.64%	173.48%	67.67%	185.62%
Gross Profit	14,244	20,985	29,656	27,497	8,790	5,761
Operating Income	-6,752	-434.99	6,991	7,276	-3,599	-1,017
Net Income	-4,612	1,124	8,032	11,704	-2,012	-321.46
Earnings Per Share	-4.57	1.08	7.58	11.10	-2.08	-0.35
EPS Growth	-	-85.73%	-31.73%	-	-	-

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	85,592	101,023	112,806	103,262	56,509	47,522
Total Debt	14,692	17,815	16,345	13,547	12,264	7,841
Net Cash (Debt)	70,900	83,208	96,461	89,715	44,245	39,681
Net Cash Growth	-21.22%	-13.74%	7.52%	102.77%	11.50%	49.60%
Net Cash Per Share	70.18	77.67	90.60	84.82	45.58	42.82

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	-9,950	-8,611	15,933	50,694	7,380	8,340
Capital Expenditures	-5,183	-4,206	-7,730	-6,507	-5,128	-3,445
Free Cash Flow	-15,134	-12,817	8,203	44,186	2,252	4,896
Free Cash Flow Growth	-	-	-81.44%	1861.77%	-53.99%	98.64%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	13.59%	18.68%	20.53%	22.20%	19.41%	21.33%
Operating Margin	-6.44%	-0.39%	4.84%	5.88%	-7.95%	-3.77%
Pretax Margin	-5.07%	1.15%	6.45%	8.44%	-4.77%	-0.57%
Profit Margin	-4.40%	1.00%	5.56%	9.45%	-4.44%	-1.19%
FCF Margin	-14.44%	-11.41%	5.68%	35.68%	4.97%	18.13%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 13, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	-	106.29	21.75	22.73	-	-
Forward PE	81.45	59.27	20.52	19.12	81.08	-
P/FCF Ratio	-	-	21.29	6.02	60.95	42.33
PS Ratio	0.72	1.06	1.21	2.15	3.03	7.67