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

Li Auto (LI) has reported Operating Expenses for 7 consecutive years, with -$696.8 million the latest figure, recorded in 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 came in at -$696.8 million for Q1 2026 at Li Auto, 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.
• Average Operating Expenses over 5 years is -$676.9 million, with a median of -$721.6 million recorded in 2024.
• Across the five-year window, Operating Expenses tumbled 259880.3% in 2022 and increased 24.11% in 2024, its largest moves.
• Year by year, Operating Expenses stood at -$536.4 million in 2022, then slumped by 77.24% to -$950.8 million in 2023, then climbed by 24.11% to -$721.6 million in 2024, then slipped by 10.45% to -$797.0 million in 2025, then advanced by 12.56% to -$696.8 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered -$696.8 million, -$797.0 million, and -$793.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.