Li Auto LAAOF
NASDAQ LAAOF
$5.90 +0.00 (+0.00%)
At close: Sep 8, 2026 · 4:00 PM EDT

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

Li Auto (LAAOF) posted Operating Expenses of -$757.1 million for Q2 2026, down 8.64% on a QoQ basis from -$696.8 million in Q1 2026, and down 3.5% year-over-year from -$784.6 million in Q2 2025.

Analysis

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

Li Auto has reported Operating Expenses for 7 years, with the latest figure at -$757.1 million in Q2 2026.

  • On a quarterly basis, Operating Expenses fell 3.5% year-over-year to -$757.1 million in Q2 2026; TTM through Jun 2026 was -$3.0 billion, a 2.36% decrease from a year earlier, with the FY2025 full-year figure at -$3.1 billion, up 0.84% from the prior year.
  • Operating Expenses was -$757.1 million for Q2 2026 at Li Auto, down from -$696.8 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.
  • Average Operating Expenses over 5 years is -$681.3 million, with a median of -$724.3 million recorded in 2023.
  • The sharpest annual moves came in 2022 and 2024: Operating Expenses sank 159.98% in 2022, then climbed 24.11% in 2024.
  • Over 5 years, Operating Expenses stood at -$536.4 million in 2022, then plunged by 77.24% to -$950.8 million in 2023, then gained by 24.11% to -$721.6 million in 2024, then retreated by 10.45% to -$797.0 million in 2025, then grew by 5.0% to -$757.1 million in 2026.
  • The last three Operating Expenses figures came in at -$757.1 million (Q2 2026), -$696.8 million (Q1 2026), and -$797.0 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Tesla 1,194.23 Bn 1,150.70 Bn 4.75 Bn 4.35 Bn
2 Toyota Motor 256.51 Bn 178.52 Bn 12.27 Bn 78.18 Bn
3 Honda Motor 125.71 Bn 85.58 Bn 8.46 Bn -34.70 Bn
4 Ford Motor 79.74 Bn 48.41 Bn 6.08 Bn 47.66 Bn
5 General Motors 76.29 Bn 51.58 Bn 7.33 Bn 46.57 Bn
6 Rivian Automotive 21.32 Bn 16.01 Bn 179.00 Mn 1.02 Bn
7 Nio 8.66 Bn 2.33 Bn 870.51 Mn -921.68 Mn
8 VinFast Auto 7.21 Bn 7.21 Bn -677,431.76 Bn -142,396.46 Bn
9 Li Auto 5.98 Bn -6.51 Bn 417.98 Mn -757.09 Mn
10 Xpeng 5.26 Bn 2.95 Bn 601.83 Mn -770.22 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -757.09 Mn
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