Li Auto (LI) Cost of Revenue (2020 - 2025)
Li Auto has reported Cost of Revenue over the past 6 years, most recently at $3.4 billion for Q4 2025.
- For Q4 2025, Cost of Revenue fell 30.09% year-over-year to $3.4 billion; the TTM value through Dec 2025 reached $12.8 billion, down 19.72%, while the annual FY2025 figure was $13.1 billion, 16.97% down from the prior year.
- Cost of Revenue for Q4 2025 was $3.4 billion at Li Auto, up from $3.2 billion in the prior quarter.
- Over five years, Cost of Revenue peaked at $4.8 billion in Q4 2024 and troughed at $451.6 million in Q1 2021.
- A 5-year average of $2.5 billion and a median of $2.8 billion in 2024 define the central range for Cost of Revenue.
- Biggest five-year swings in Cost of Revenue: soared 302.27% in 2021 and later crashed 32.93% in 2025.
- Year by year, Cost of Revenue stood at $1.3 billion in 2021, then skyrocketed by 57.91% to $2.0 billion in 2022, then skyrocketed by 120.35% to $4.5 billion in 2023, then rose by 7.49% to $4.8 billion in 2024, then plummeted by 30.09% to $3.4 billion in 2025.
- Business Quant data shows Cost of Revenue for LI at $3.4 billion in Q4 2025, $3.2 billion in Q3 2025, and $3.4 billion in Q2 2025.