Li Auto (LI) Operating Expenses (2020 - 2026)
Li Auto's Operating Expenses came in at -$757.09 million for Q2 2026, compared with -$731.47 million a year earlier.
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Analysis
Li Auto (LI) Operating Expenses (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Li Auto reported Operating Expenses of -$3.04 billion; for FY2025, it was -$3.08 billion.
- Going back by year, Operating Expenses was -$3.1 billion in FY2024, -$2.83 billion in FY2023, -$1.8 billion in FY2022 and -$1.06 billion in FY2021.
- The five-year range for quarterly Operating Expenses is -$950.78 million (Q4 2023) to -$296.39 million (Q3 2021).
- Business Quant data shows LI's Operating Expenses at -$696.85 million (Q1 2026), -$796.96 million (Q4 2025) and -$793.12 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,290.53 Bn | 1,116.55 Bn | 4.75 Bn | 4.35 Bn |
| 2 | General Motors | 69.64 Bn | -34.97 Bn | 9.28 Bn | 46.42 Bn |
| 3 | Ferrari | 69.61 Bn | 62.10 Bn | 1.18 Bn | 471.42 Mn |
| 4 | Ford Motor | 46.81 Bn | -95.68 Bn | 6.08 Bn | 47.66 Bn |
| 5 | Honda Motor | 44.60 Bn | -105.21 Bn | 8.46 Bn | 34.70 Bn |
| 6 | Toyota Motor | 25.22 Bn | -375.60 Bn | 20.95 Bn | 78.18 Bn |
| 7 | Magna International | 17.75 Bn | 11.78 Bn | 1.61 Bn | 273.20 Mn |
| 8 | Rivian Automotive | 15.22 Bn | -8.09 Bn | 179.00 Mn | 1.02 Bn |
| 9 | Stellantis | 13.58 Bn | -151.07 Bn | 5.55 Bn | 4.85 Bn |
| 10 | Li Auto | 11.40 Bn | -37.56 Bn | 417.98 Mn | 757.09 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 757.09 Mn |
| Mar 31, 2026 | 696.85 Mn |
| Dec 31, 2025 | 796.96 Mn |
| Sep 30, 2025 | 793.12 Mn |
| Jun 30, 2025 | 731.47 Mn |
| Mar 31, 2025 | 695.47 Mn |
| Dec 31, 2024 | 721.56 Mn |
| Sep 30, 2024 | 825.35 Mn |
| Jun 30, 2024 | 785.57 Mn |
| Mar 31, 2024 | 812.88 Mn |
| Dec 31, 2023 | 950.78 Mn |
| Sep 30, 2023 | 727.13 Mn |
| Jun 30, 2023 | 635.67 Mn |
| Mar 31, 2023 | 498.70 Mn |
| Dec 31, 2022 | 520.23 Mn |
| Sep 30, 2022 | 465.55 Mn |
| Jun 30, 2022 | 426.50 Mn |
| Mar 31, 2022 | 406.50 Mn |
| Dec 31, 2021 | 368.48 Mn |
| Sep 30, 2021 | 296.39 Mn |
API Access
Li Auto Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=LI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "LI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=LI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();