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

Li Auto's Cost of Revenue history runs 7 years deep, the most recent figure standing at $3.1 billion for 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 for Q1 2026 stood at $3.1 billion, 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.
• The 5-year median for Cost of Revenue is $3.1 billion (2023), against an average of $3.0 billion.
• The sharpest annual moves came in 2023 and 2025: Cost of Revenue soared 223.01% in 2023, then tumbled 32.93% in 2025.
• Li Auto's Cost of Revenue stood at $2.0 billion in 2022, then jumped by 120.35% to $4.5 billion in 2023, then climbed by 7.49% to $4.8 billion in 2024, then sank by 30.09% to $3.4 billion in 2025, then declined by 9.21% to $3.1 billion in 2026.
• Business Quant data shows LI's Cost of Revenue at $3.1 billion in Q1 2026, $3.4 billion in Q4 2025, and $3.2 billion in Q3 2025.