Growth Metrics

Li Auto (LI) Payables (2018 - 2025)

Li Auto (LI) posted Payables of $898.0 million for Q4 2025, up 1.16% on a QoQ basis from $887.7 million in Q3 2025, and down 84.0% year-over-year from $5.6 billion in Q4 2024.

Li Auto (LI) has 8 years of Payables data on file, last reported at $898.0 million in Q4 2025.

  • In Q4 2025, Payables fell 84.0% year-over-year to $898.0 million; the TTM figure through Dec 2025 stood at $898.0 million (down 84.0% YoY), while the FY2025 annual figure was $898.0 million, down 87.83% from the prior year.
  • Payables rose to $898.0 million in Q4 2025, from $887.7 million in the prior quarter.
  • Across five years, Payables topped out at $5.6 billion in Q4 2024 and bottomed at $21.6 million in Q1 2022.
  • A 5-year average of $955.7 million and a median of $612.0 million in 2021 frame the typical range for Payables.
  • Annual changes were most pronounced in 2023 — Payables soared 1412.91% — and 2025, when it slumped 96.78%.
  • Year by year, Payables stood at $359.3 million in 2021, then surged by 683.69% to $2.8 billion in 2022, then declined by 15.66% to $2.4 billion in 2023, then soared by 136.4% to $5.6 billion in 2024, then tumbled by 84.0% to $898.0 million in 2025.
  • The last three Payables figures came in at $898.0 million (Q4 2025), $887.7 million (Q3 2025), and $892.2 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Payables (Qtr)
1 Tesla 1,345.47 Bn 1,300.79 Bn 4.72 Bn 14.70 Bn
2 General Motors 75.49 Bn 53.10 Bn 4.32 Bn 27.91 Bn
3 Ferrari 72.44 Bn 70.64 Bn - 979.26 Mn
4 Ford Motor 66.63 Bn 36.17 Bn 7.94 Bn 26.04 Bn
5 Stellantis 29.57 Bn -7.31 Bn 5.19 Bn 39.69 Bn
6 Rivian Automotive 21.06 Bn 16.25 Bn 119.00 Mn 754.00 Mn
7 China Yuchai International 16.90 Bn 15.88 Bn 317.01 Mn 2.33 Bn
8 VinFast Auto 8.12 Bn 11.12 Bn - 2.37 Bn
9 Xpeng 4.61 Bn 1.71 Bn - 3.14 Bn
10 Li Auto 4.13 Bn -4.66 Bn 733.67 Mn 898.02 Mn

Historic Data

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DateValue
Dec 31, 2025 898.02 Mn
Sep 30, 2025 887.69 Mn
Jun 30, 2025 892.18 Mn
Mar 31, 2025 31.85 Mn
Dec 31, 2024 5.61 Bn
Sep 30, 2024 134.30 Mn
Jun 30, 2024 126.90 Mn
Mar 31, 2024 988.40 Mn
Dec 31, 2023 2.37 Bn
Sep 30, 2023 864.79 Mn
Jun 30, 2023 874.90 Mn
Mar 31, 2023 120.55 Mn
Dec 31, 2022 2.82 Bn
Sep 30, 2022 74.23 Mn
Jun 30, 2022 57.83 Mn
Mar 31, 2022 21.57 Mn
Dec 31, 2021 359.26 Mn
Jun 30, 2021 65.84 Mn
Dec 31, 2020 502.40 Mn
Dec 31, 2019 122.53 Mn
Dec 31, 2018 2.89 Mn