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LI: financial statements from SEC — TradeAlmanac

LI

Li Auto Inc.: financial statements

Company reports as filed with the U.S. Securities and Exchange Commission.

AnnualQuarterly

Income statement

Metric	31/12/2025	31/12/2024	31/12/2023	31/12/2022
Revenue	112.31B	144.46B	123.85B	45.29B
Cost of revenue	91.33B	114.80B	96.35B	36.50B
Gross profit	20.99B	29.66B	27.50B	8.79B
Research and development	11.31B	1.52B	10.59B	6.78B
Selling, general and administrative	10.66B	1.68B	9.77B	5.67B
Operating expenses	21.51B	3.10B	20.09B	12.45B
Operating income	−521M	7.02B	7.41B	−3.65B
Pre-tax income	1.30B	1.28B	10.45B	−2.16B
Income tax	158M	174M	−1.36B	−127M
Net income	1.12B	8.03B	11.70B	−2.01B
Earnings per share	0.56	4.03	5.95	−1.04
Earnings per share, diluted	0.54	3.79	5.55	−1.04
Weighted average shares	2.02B	1.99B	1.97B	1.94B
Weighted average shares, diluted	2.14B	2.13B	2.12B	1.94B

Balance sheet

Metric	19/08/2026	18/08/2026	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021
Cash and equivalents	—	—	56.69B	65.90B	91.33B	—	—
Receivables	—	—	120M

Cash flow

Metric	31/12/2025	31/12/2024	31/12/2023	31/12/2022
Operating cash flow	−8.61B	2.18B	50.69B	7.38B
Depreciation and amortisation	4.64B	419M	1.81B	1.21B
Share-based compensation	1.26B	360M	2.38B	2.05B
Capital expenditure

Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator