Li Auto (LI) Operating Expenses (2020 - 2026)

Li Auto's Operating Expenses history runs 7 years deep, the most recent figure standing at -$696.8 million for Q1 2026.

• In Q1 2026, Operating Expenses changed 0.2% year-over-year to -$696.8 million; the TTM figure through Mar 2026 stood at -$3.0 billion (changed 0.32% YoY), while the FY2025 annual figure was $3.1 billion, down 0.84% from the prior year.
• Operating Expenses for Q1 2026 stood at -$696.8 million, up from -$797.0 million in the prior quarter.
• The five-year high for Operating Expenses was -$406.5 million in Q1 2022, with the low at -$950.8 million in Q4 2023.
• The 5-year median for Operating Expenses is -$721.6 million (2024), against an average of -$676.9 million.
• The sharpest annual moves came in 2022 and 2024: Operating Expenses sank 259880.3% in 2022, then gained 24.11% in 2024.
• Li Auto's Operating Expenses stood at -$536.4 million in 2022, then plunged by 77.24% to -$950.8 million in 2023, then increased by 24.11% to -$721.6 million in 2024, then declined by 10.45% to -$797.0 million in 2025, then grew by 12.56% to -$696.8 million in 2026.
• Business Quant data shows LI's Operating Expenses at -$696.8 million in Q1 2026, -$797.0 million in Q4 2025, and -$793.1 million in Q3 2025.