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

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 was -$696.8 million for Q1 2026 at Li Auto, up from -$797.0 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of -$406.5 million in Q1 2022 to a low of -$950.8 million in Q4 2023.
• Historically, Operating Expenses has averaged -$676.9 million across 5 years, with a median of -$721.6 million in 2024.
• The sharpest annual moves came in 2022 and 2024: Operating Expenses slumped 259880.3% in 2022, then advanced 24.11% in 2024.
• A 5-year view of Operating Expenses shows it stood at -$536.4 million in 2022, then sank by 77.24% to -$950.8 million in 2023, then rose by 24.11% to -$721.6 million in 2024, then fell by 10.45% to -$797.0 million in 2025, then increased by 12.56% to -$696.8 million in 2026.
• The last three Operating Expenses figures came in at -$696.8 million (Q1 2026), -$797.0 million (Q4 2025), and -$793.1 million (Q3 2025), per Business Quant data.