Li Auto reported revenue of $3331.82M and net income of -$329.95M for the quarter ended Mar 2026, down 6.7% year over year. This income statement covers 28 quarters of results from Dec 2017 through Mar 2026, standardized by Business Quant from the company’s SEC filings.
| Income Statement | Dec2017 | Dec2018 | Dec2019 | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue & cost | ||||||||||||||||||||||||||||
| Revenue | 780.43M | 1,206.69M | 1,666.58M | 1,508.37M | 1,303.75M | 1,313.32M | 2,558.99M | 2,735.61M | 3,951.39M | 4,753.21M | 5,877.84M | 3,550.22M | 4,359.09M | 6,109.53M | 6,065.47M | 3,572.81M | 4,222.12M | 3,843.89M | 4,114.83M | 3,331.82M | ||||||||
| Cost of RevenueCost of Rev | 632.87M | 925.48M | 1,293.11M | 1,167.03M | 1,023.32M | 1,147.16M | 2,041.92M | 2,177.90M | 3,091.51M | 3,705.45M | 4,499.39M | 2,818.35M | 3,509.12M | 4,795.02M | 4,836.55M | 2,839.91M | 3,375.21M | 3,216.14M | 3,381.16M | 3,069.71M | ||||||||
| Gross Profit | 147.57M | 281.21M | 373.47M | 341.34M | 280.42M | 166.16M | 517.07M | 557.71M | 859.88M | 1,047.76M | 1,378.45M | 731.87M | 849.98M | 1,314.51M | 1,228.91M | 732.90M | 846.92M | 627.76M | 733.67M | 262.11M | ||||||||
| Operating items | ||||||||||||||||||||||||||||
| Research & DevelopmentR&D | -101.20M | -137.89M | -193.01M | -216.74M | -228.67M | -253.65M | -300.13M | -269.71M | -334.51M | -386.13M | -491.70M | -422.27M | -416.61M | -368.58M | -329.94M | -346.42M | -392.29M | -417.80M | -431.37M | -394.63M | ||||||||
| Selling, General & AdministrativeSG&A | -129.37M | -158.50M | -176.68M | -189.76M | -197.83M | -211.90M | -236.31M | -239.57M | -318.45M | -348.65M | -460.52M | -412.39M | -387.37M | -478.75M | -421.55M | -348.78M | -379.38M | -388.96M | -378.52M | -297.07M | ||||||||
| Other Operating ExpensesOther Opex | 10.59M | 17.29M | 7.66M | 1.44M | 21.78M | 18.41M | 21.97M | 29.93M | -0.27M | 40.20M | 13.65M | 12.93M | -5.14M | |||||||||||||||
| Operating ExpensesOpex | -230.57M | -296.39M | -369.69M | -406.50M | -426.50M | -465.55M | -536.44M | -498.70M | -635.67M | -727.12M | -950.78M | -812.88M | -785.57M | -825.35M | -721.56M | -695.47M | -731.47M | -793.12M | -796.96M | -696.85M | ||||||||
| Operating IncomeOp. Inc | -83.01M | -15.18M | 3.78M | -65.16M | -146.08M | -299.39M | -19.37M | 59.00M | 224.22M | 320.64M | 427.67M | -81.01M | 64.40M | 489.15M | 507.35M | 37.44M | 115.45M | -165.36M | -63.29M | -434.73M | ||||||||
| EBIT | -83.01M | -15.18M | 3.78M | -65.16M | -146.08M | -299.39M | -19.37M | 59.00M | 224.22M | 323.42M | 427.67M | -81.80M | 64.65M | 489.15M | 507.35M | 37.44M | 115.45M | -164.48M | -63.29M | -432.94M | ||||||||
| Non-operating items | ||||||||||||||||||||||||||||
| Non Operating Interest Expenses | -3.06M | -2.98M | -1.52M | -1.60M | -3.16M | -5.15M | -5.57M | -4.72M | -3.92M | -1.60M | -1.93M | -3.96M | -5.95M | -7.72M | -8.46M | -6.64M | -6.95M | -4.59M | -5.35M | -5.89M | ||||||||
| Non Operating Investment IncomeNon-Op. Investment Inc. | 759.42M | 1,146.26M | 1,628.18M | 1,468.40M | 1,266.57M | 1,271.65M | 2,503.67M | 2,668.66M | 3,857.51M | 4,607.48M | 5,687.30M | 3,358.80M | 4,172.13M | 5,888.60M | 5,842.06M | 3,400.80M | 4,032.21M | 3,633.53M | 3,897.03M | 3,121.66M | ||||||||
| Interest & Investment IncomeInt & Inv Inc | 36.01M | 23.30M | 28.05M | 25.69M | 37.27M | 45.02M | 35.96M | 60.94M | 59.34M | 60.28M | 148.04M | 50.92M | -3.13M | 71.14M | 69.30M | 66.78M | 57.12M | |||||||||||
| Other Non Operating IncomeOther Non Op Inc. | 18.73M | 10.49M | 13.97M | 44.12M | 15.63M | 22.00M | 12.28M | 26.43M | 44.72M | 25.16M | 50.54M | 30.50M | 52.73M | 6.24M | 2.35M | 4.79M | 2.13M | -0.63M | 3.14M | 6.42M | ||||||||
| Net income details | ||||||||||||||||||||||||||||
| EBT | -31.32M | 15.63M | 44.37M | 3.06M | -96.34M | -239.25M | 24.43M | 141.65M | 324.35M | 404.48M | 588.17M | 93.56M | 162.11M | 484.54M | 556.45M | 106.72M | 179.94M | -103.80M | -3.91M | -377.09M | ||||||||
| Tax ProvisionsTaxes | -5.15M | -18.96M | 2.00M | -4.77M | 0.63M | 7.90M | 14.04M | -5.67M | -5.78M | -18.94M | 222.03M | -11.70M | -10.61M | -82.62M | -72.47M | -17.61M | -26.81M | 16.09M | 6.80M | 47.14M | ||||||||
| Profit After TaxPAT | -36.47M | -3.34M | 46.37M | -15.14M | -95.70M | -231.35M | 38.47M | 135.98M | 318.58M | 385.54M | 810.20M | 81.87M | 151.49M | 401.92M | 483.98M | 89.11M | 153.13M | -87.71M | 2.90M | -329.95M | ||||||||
| Equity Income | 0.15M | -0.03M | -0.06M | -0.07M | 0.01M | 1.15M | 0.42M | 0.10M | 0.13M | |||||||||||||||||||
| Income from Non-Controlling InterestsInc. Minority | -47.39M | 8.34M | -58.38M | -13.43M | -3.45M | 43.94M | 1.21M | 0.61M | 2.34M | -1.42M | 13.27M | -8.30M | 1.71M | 0.89M | 1.34M | -0.51M | 0.61M | 0.08M | 1.96M | 1.96M | ||||||||
| Income from Continuing OperationsIncome (Continuing) | -26.18M | 34.59M | 42.37M | 7.83M | -96.97M | -247.15M | 10.39M | 147.32M | 330.13M | 427.09M | 366.14M | 106.29M | 173.39M | 567.15M | 628.93M | 124.33M | 206.75M | -119.24M | -10.71M | -422.48M | ||||||||
| Income from Discontinued OperationsIncome (Discontinued) | ||||||||||||||||||||||||||||
| Consolidated Net IncomeConsol Net Inc. | -26.18M | 34.59M | 42.37M | 7.83M | -96.97M | -247.15M | 10.39M | 147.32M | 330.13M | 427.09M | 366.14M | 106.29M | 173.39M | 567.15M | 628.93M | 124.33M | 206.75M | -119.24M | -10.71M | -422.48M | ||||||||
| Income towards Parent CompanyParent Net Inc | -36.44M | 52.10M | 46.22M | 75.26M | -92.26M | -230.59M | 37.25M | 135.37M | 316.24M | 386.96M | 796.92M | 106.29M | 173.39M | 392.67M | 490.45M | 89.46M | 151.05M | -87.79M | 0.93M | -331.91M | ||||||||
| Preferred Dividend PaymentsPref Dividends | ||||||||||||||||||||||||||||
| Net Income towards Common StockholdersNet Income | -36.47M | -3.34M | 46.37M | -1.71M | 65.73M | -186.65M | 43.36M | 139.39M | 299.58M | 389.97M | 802.62M | 82.07M | 151.72M | 401.03M | 482.64M | 89.62M | 152.52M | -97.89M | -47.39M | -355.31M | ||||||||
| Additional items | ||||||||||||||||||||||||||||
| EPS (Basic) | -0.08 | -0.01 | 0.05 | 0.00 | 0.07 | -0.20 | 0.04 | 0.14 | 0.31 | 0.40 | 0.82 | 0.08 | 0.15 | 0.41 | 0.48 | 0.09 | 0.15 | -0.10 | -0.05 | -0.35 | ||||||||
| EPS (Diluted) | -0.08 | -0.01 | 0.05 | 0.00 | 0.07 | -0.20 | 0.04 | 0.14 | 0.31 | 0.40 | 0.76 | 0.08 | 0.14 | 0.38 | 0.45 | 0.08 | 0.14 | -0.09 | -0.04 | -0.33 | ||||||||
| Shares Outstanding | 435.00M | 435.00M | 926.66M | 926.66M | 926.66M | 926.66M | 970.62M | 970.62M | 970.62M | 970.62M | 983.93M | 983.93M | 983.93M | 983.93M | 996.60M | 996.60M | 996.60M | 996.60M | 1,007.54M | 1,007.54M | ||||||||
| Shares Outstanding (Diluted)Shares Outstanding (Dil.) | 435.00M | 435.00M | 926.66M | 926.66M | 926.66M | 926.66M | 970.62M | 970.62M | 970.62M | 970.62M | 1,057.69M | 1,057.69M | 1,057.69M | 1,057.69M | 1,064.64M | 1,064.64M | 1,064.64M | 1,064.64M | 1,071.36M | 1,071.36M | ||||||||
| Shares Outstanding (Entity)Shares Outstanding (Entity.) | 964.78M | 977.18M | 992.83M | 1,003.85M | 1,013.83M | |||||||||||||||||||||||
| EBITDA | -83.01M | -15.18M | 3.78M | -65.16M | -146.08M | -299.39M | -19.37M | 59.00M | 224.22M | 323.42M | 427.67M | -81.80M | 64.65M | 489.15M | 507.35M | 37.44M | 115.45M | -164.48M | -63.29M | -432.94M | ||||||||
| Interest ExpensesInt Expense | -3.06M | 2.92M | 1.51M | 1.16M | 0.73M | 1.18M | 1.32M | 2.17M | -0.95M | -1.62M | -1.93M | -4.00M | -5.97M | -7.72M | -8.46M | -6.64M | -6.95M | -4.56M | -5.35M | -5.87M | ||||||||
| Tax Rate | 16.43% | -121.35% | 4.51% | -156.05% | -0.65% | -3.30% | 57.48% | -4.00% | -1.78% | -4.68% | 37.75% | -12.50% | -6.55% | -17.05% | -13.02% | -16.50% | -14.90% | -15.50% | -174.04% | -12.50% |