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

Li Auto has reported Cost of Revenue for 7 years, with the latest figure at $3.4 billion in Q2 2026.

• On a quarterly basis, Cost of Revenue changed 0.31% year-over-year to $3.4 billion in Q2 2026; TTM through Jun 2026 was $13.0 billion, a 17.76% decrease from a year earlier, with the FY2025 full-year figure at $15.3 billion, down 19.62% from the prior year.
• Cost of Revenue was $3.4 billion for Q2 2026 at Li Auto, up from $3.1 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 $3.2 billion recorded in 2023.
• The sharpest annual moves came in 2023 and 2025: Cost of Revenue surged 223.01% in 2023, then tumbled 32.93% in 2025.
• Over 5 years, Cost of Revenue stood at $2.0 billion in 2022, then soared by 120.35% to $4.5 billion in 2023, then increased by 7.49% to $4.8 billion in 2024, then sank by 30.09% to $3.4 billion in 2025, then decreased by 0.48% to $3.4 billion in 2026.
• The last three Cost of Revenue figures came in at $3.4 billion (Q2 2026), $3.1 billion (Q1 2026), and $3.4 billion (Q4 2025), per Business Quant data.