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Li Auto (LI) Operating Expenses (2020 - 2025)

Li Auto has reported Operating Expenses over the past 6 years, most recently at -$797.0 million for Q4 2025.

  • For Q4 2025, Operating Expenses fell 10.45% year-over-year to -$797.0 million; the TTM value through Dec 2025 reached -$3.0 billion, up 4.08%, while the annual FY2025 figure was $3.1 billion, 0.84% down from the prior year.
  • Operating Expenses for Q4 2025 was -$797.0 million at Li Auto, roughly flat from -$793.1 million in the prior quarter.
  • Over five years, Operating Expenses peaked at -$156358.0 in Q1 2021 and troughed at -$950.8 million in Q4 2023.
  • A 5-year average of -$585.3 million and a median of -$665.6 million in 2023 define the central range for Operating Expenses.
  • Biggest five-year swings in Operating Expenses: skyrocketed 99.64% in 2021 and later plummeted 259880.3% in 2022.
  • Year by year, Operating Expenses stood at -$369.7 million in 2021, then tumbled by 45.11% to -$536.4 million in 2022, then tumbled by 77.24% to -$950.8 million in 2023, then increased by 24.11% to -$721.6 million in 2024, then decreased by 10.45% to -$797.0 million in 2025.
  • Business Quant data shows Operating Expenses for LI at -$797.0 million in Q4 2025, -$793.1 million in Q3 2025, and -$731.5 million in Q2 2025.