Li Auto Inc. (LAAOF) Operating Expenses (2020 - 2026)

Li Auto (LAAOF) posted quarterly Operating Expenses of -$696.8 million for Q1 2026, little changed year-over-year from -$698.2 million in Q1 2025, and up 12.56% quarter-over-quarter from -$797.0 million in Q4 2025.

Li Auto Inc. (LAAOF) Operating Expenses (2020 - 2026) Analysis & Trends

Li Auto's Operating Expenses history runs 7 years deep, the most recent figure standing at -$696.8 million for Q1 2026.

  • In Q1 2026, Operating Expenses changed 0.2% year-over-year to -$696.8 million; the TTM figure through Mar 2026 stood at -$3.0 billion (changed 0.32% YoY), while the FY2025 annual figure was $3.1 billion, down 0.84% from the prior year.
  • Operating Expenses for Q1 2026 stood at -$696.8 million, up from -$797.0 million in the prior quarter.
  • The five-year high for Operating Expenses was -$406.5 million in Q1 2022, with the low at -$950.8 million in Q4 2023.
  • The 5-year median for Operating Expenses is -$721.6 million (2024), against an average of -$676.9 million.
  • The sharpest annual moves came in 2022 and 2024: Operating Expenses sank 259880.3% in 2022, then gained 24.11% in 2024.
  • Li Auto's Operating Expenses stood at -$536.4 million in 2022, then plunged by 77.24% to -$950.8 million in 2023, then increased by 24.11% to -$721.6 million in 2024, then declined by 10.45% to -$797.0 million in 2025, then grew by 12.56% to -$696.8 million in 2026.
  • Business Quant data shows LAAOF's Operating Expenses at -$696.8 million in Q1 2026, -$797.0 million in Q4 2025, and -$793.1 million in Q3 2025.

Peer Comparison

Historic Data

Download Data
DateValue
Mar 31, 2026 -696.85 Mn
Dec 31, 2025 -796.96 Mn
Sep 30, 2025 -793.12 Mn
Jun 30, 2025 -731.47 Mn
Mar 31, 2025 -695.47 Mn
Dec 31, 2024 -721.56 Mn
Sep 30, 2024 -825.35 Mn
Jun 30, 2024 -785.57 Mn
Mar 31, 2024 -812.88 Mn
Dec 31, 2023 -950.78 Mn
Sep 30, 2023 -727.13 Mn
Jun 30, 2023 -635.67 Mn
Mar 31, 2023 -498.70 Mn
Dec 31, 2022 -536.44 Mn
Sep 30, 2022 -465.55 Mn
Jun 30, 2022 -426.50 Mn
Mar 31, 2022 -406.50 Mn
Dec 31, 2021 -369.69 Mn
Sep 30, 2021 -296.39 Mn
Jun 30, 2021 -230.57 Mn