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

Li Auto (LI) has reported Cost of Revenue for 7 consecutive years, with $3.1 billion the latest figure, recorded in 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 came in at $3.1 billion for Q1 2026 at Li Auto, down from $3.4 billion in the prior quarter.
• The five-year high for Cost of Revenue was $4.8 billion in Q4 2024, with the low at $1.0 billion in Q2 2022.
• Average Cost of Revenue over 5 years is $3.0 billion, with a median of $3.1 billion recorded in 2023.
• Across the five-year window, Cost of Revenue jumped 223.01% in 2023 and sank 32.93% in 2025, its largest moves.
• Year by year, Cost of Revenue stood at $2.0 billion in 2022, then surged by 120.35% to $4.5 billion in 2023, then gained by 7.49% to $4.8 billion in 2024, then tumbled by 30.09% to $3.4 billion in 2025, then slipped by 9.21% to $3.1 billion in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $3.1 billion, $3.4 billion, and $3.2 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.