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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |