Li Auto Financial Statements
NASDAQ: LIIndustrialsAuto ManufacturingUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Li Auto revenue and earnings
In fiscal 2025, Li Auto generated $16.06 billion in revenue, down 18.8% from fiscal 2024, the first decline in the 6 years shown. Net income was $162.9 million (-85.2% year over year), for a net margin of 1.0% versus a median of -1.2% in the prior 5 years. Gross margin was 18.7% (down from 20.5%) and operating margin -0.5%.
Diluted earnings per share came in at $0.08, down from $0.52. Over the last 5 fiscal years, LI's revenue has grown at a 61.8% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Li Auto income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 16.06B | 19.79B | 17.44B | 6.57B | 4.24B | 1.45B |
| Revenue growth (YoY) | -18.85% | +13.45% | +165.67% | +54.92% | +192.45% | — |
| Cost of Revenue | 13.06B | 15.73B | 13.57B | 5.29B | 3.33B | 1.21B |
| Gross Profit | 3.00B | 4.06B | 3.87B | 1.27B | 904.10M | 237.45M |
| Operating Expenses | 3.08B | 3.10B | 2.83B | 1.80B | 1.06B | 340.03M |
| Research & Development | 1.62B | 1.52B | 1.49B | 983.01M | 515.71M | 168.56M |
| Selling, General & Admin | 1.53B | 1.68B | 1.38B | 821.39M | 548.03M | 171.47M |
| Operating Income | -74.52M | 961.62M | 1.04B | -529.91M | -159.64M | -102.58M |
| Interest Expense | 24.04M | 25.72M | 12.15M | 15.42M | 9.92M | 10.26M |
| Other Income (Expense) | 9.64M | 91.01M | 147.63M | 90.71M | 29.39M | 4.50M |
| Pretax Income | 185.49M | 1.28B | 1.47B | -313.08M | -23.98M | -28.95M |
| Income Tax | 22.55M | 174.04M | -191.18M | -18.41M | 26.46M | -3.50M |
| Net Income | 162.94M | 1.10B | 1.66B | -294.66M | -50.44M | -23.24M |
| Net Income growth (YoY) | -85.22% | -33.73% | — | — | — | — |
| EPS (Basic) | 0.08 | 0.55 | 0.84 | -0.15 | -0.03 | -0.14 |
| EPS (Diluted) | 0.08 | 0.52 | 0.78 | -0.15 | -0.03 | -0.14 |
| Shares Outstanding (Basic) | 2.02B | 1.99B | 1.97B | 1.94B | 1.85B | 870.00M |
| Shares Outstanding (Diluted) | 2.14B | 2.13B | 2.12B | 1.94B | 1.85B | 870.00M |
| EBITDA | 588.29M | 1.38B | 1.30B | -353.91M | -66.99M | -53.39M |
| Gross Margin | 18.68% | 20.53% | 22.20% | 19.41% | 21.33% | 16.38% |
| Operating Margin | -46.00% | 4.86% | 5.98% | -8.07% | -3.77% | -7.08% |
| Net Margin | 101.00% | 5.57% | 9.53% | -4.49% | -119.00% | -1.60% |
This table shows 6 annual periods of Li Auto's income statement, from FY 2025 back to FY 2020, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow LI's reporting calendar. What is a income statement?