Li Auto (LAAOF) Cost of Revenue (2020 - 2026)

Li Auto's Cost of Revenue history runs 7 years deep, the most recent figure standing at $3.1 billion for Q1 2026.

• In Q1 2026, Cost of Revenue rose 8.09% year-over-year to $3.1 billion; the TTM figure through Mar 2026 stood at $13.0 billion (down 18.39% YoY), while the FY2025 annual figure was $13.1 billion, down 16.97% from the prior year.
• Cost of Revenue was $3.1 billion for Q1 2026 at Li Auto, down from $3.4 billion in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $4.8 billion in Q4 2024 to a low of $1.0 billion in Q2 2022.
• Historically, Cost of Revenue has averaged $3.0 billion across 5 years, with a median of $3.1 billion in 2023.
• The sharpest annual moves came in 2023 and 2025: Cost of Revenue jumped 223.01% in 2023, then plunged 32.93% in 2025.
• A 5-year view of Cost of Revenue shows it stood at $2.0 billion in 2022, then surged by 120.35% to $4.5 billion in 2023, then grew by 7.49% to $4.8 billion in 2024, then slumped by 30.09% to $3.4 billion in 2025, then fell by 9.21% to $3.1 billion in 2026.
• The last three Cost of Revenue figures came in at $3.1 billion (Q1 2026), $3.4 billion (Q4 2025), and $3.2 billion (Q3 2025), per Business Quant data.