Growth Metrics

Li Auto (LI) EBITDA (2020 - 2025)

Li Auto (LI) posted EBITDA of -$45.4 million for Q4 2025, up 53.55% on a QoQ basis from -$97.8 million in Q3 2025, and down 108.8% year-over-year from $516.4 million in Q4 2024.

Li Auto (LI) has 6 years of EBITDA data on file, last reported at -$45.4 million in Q4 2025.

  • In Q4 2025, EBITDA fell 108.8% year-over-year to -$45.4 million; the TTM figure through Dec 2025 stood at $65.1 million (down 94.22% YoY), while the FY2025 annual figure was $69.5 million, down 93.74% from the prior year.
  • EBITDA grew to -$45.4 million in Q4 2025, from -$97.8 million in the prior quarter.
  • Across five years, EBITDA topped out at $815.9 million in Q4 2023 and bottomed at -$187.4 million in Q3 2022.
  • A 5-year average of $130.6 million and a median of $67.9 million in 2022 frame the typical range for EBITDA.
  • Annual changes were most pronounced in 2022 — EBITDA sank 3835.62% — and 2023, when it surged 1730.63%.
  • Year by year, EBITDA stood at -$12.0 million in 2021, then soared by 470.98% to $44.6 million in 2022, then surged by 1730.63% to $815.9 million in 2023, then slumped by 36.7% to $516.4 million in 2024, then sank by 108.8% to -$45.4 million in 2025.
  • The last three EBITDA figures came in at -$45.4 million (Q4 2025), -$97.8 million (Q3 2025), and $128.9 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Tesla 1,345.47 Bn 1,300.79 Bn 4.72 Bn 941.00 Mn
2 General Motors 75.49 Bn 53.10 Bn 4.32 Bn 2.93 Bn
3 Ferrari 72.44 Bn 70.64 Bn - -
4 Ford Motor 66.63 Bn 36.17 Bn 7.94 Bn 2.33 Bn
5 Stellantis 29.57 Bn -7.31 Bn 5.19 Bn 805.47 Mn
6 Rivian Automotive 21.06 Bn 16.25 Bn 119.00 Mn -881.00 Mn
7 China Yuchai International 16.90 Bn 15.88 Bn 317.01 Mn 66.75 Mn
8 VinFast Auto 8.12 Bn 11.12 Bn - -
9 Xpeng 4.61 Bn 1.71 Bn - -
10 Li Auto 4.13 Bn -4.66 Bn 733.67 Mn -45.43 Mn

Historic Data

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DateValue
Dec 31, 2025 -45.43 Mn
Sep 30, 2025 -97.81 Mn
Jun 30, 2025 128.89 Mn
Mar 31, 2025 79.47 Mn
Dec 31, 2024 516.43 Mn
Sep 30, 2024 382.50 Mn
Jun 30, 2024 153.21 Mn
Mar 31, 2024 73.57 Mn
Dec 31, 2023 815.89 Mn
Sep 30, 2023 388.55 Mn
Jun 30, 2023 301.92 Mn
Mar 31, 2023 140.00 Mn
Dec 31, 2022 44.57 Mn
Sep 30, 2022 -187.41 Mn
Jun 30, 2022 62.28 Mn
Mar 31, 2022 -15.14 Mn
Dec 31, 2021 -12.01 Mn
Sep 30, 2021 5.02 Mn
Jun 30, 2021 -83.83 Mn
Mar 31, 2021 -38.93 Mn
Dec 31, 2020 -80.70 Mn
Sep 30, 2020 26.51 Mn
Jun 30, 2020 -24.88 Mn
Mar 31, 2020 -33.55 Mn