Li Auto Inc.

	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18
Total revenue	109.25	144.52	123.83	46.08	26.66	8.94	0.28	0.00
Cost of revenue	88.84	114.85	96.34	37.28	21.11	7.55	0.38	0.09
Gross profit	20.41	29.67	27.49	8.81	5.55	1.39	-0.10	-0.09
Total operating expenses +	21.38	23.31	20.35	12.52	6.56	1.99	1.74	1.09
Selling, general and administrative	10.66	12.23	9.77	4.42	2.30	0.82	0.44	0.26
Research and development	11.31	11.08	10.58	6.84	3.19	1.00	1.13	0.80
Other operating expenses	-0.60	0.01	0.00	1.26	1.06	0.18	0.17	0.02
Operating income	-0.97	6.36	7.14	-3.72	-1.00	-0.60	-1.84	-1.18
Non-operating income (net)	2.23	2.96	3.31	1.52	0.85	0.43	-0.58	-0.04
Income before tax	1.26	9.32	10.45	-2.20	-0.15	-0.18	-2.41	-1.21
Income tax expense	0.15	1.27	-1.36	-0.13	0.17	-0.02	-0.06	0.03
Net income	1.09	8.04	11.70	-2.05	-0.32	-0.16	-2.43	-1.59

Show Quarterly Income Statement

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21	Sep-21	Jun-21	Mar-21	Dec-20	Sep-20	Jun-20	Mar-20	Dec-19	Sep-19	Mar-19	Dec-18
Total revenue	22.84	28.38	27.40	30.35	25.99	44.27	43.18	31.64	25.63	41.73	34.95	29.56	18.88	17.65	9.74	8.85	9.57	10.62	7.76	5.05	3.62	4.08	2.47	1.94	0.87	0.28
Cost of revenue	21.05	23.32	22.93	24.26	20.66	35.30	33.89	25.47	20.34	31.95	27.25	23.13	15.03	14.08	8.59	6.95	7.40	8.24	5.95	4.09	3.02	3.37	1.98	1.68	0.82	0.28		0.02	0.02
Gross profit	1.80	5.06	4.48	6.09	5.33	8.97	9.29	6.17	5.28	9.79	7.70	6.43	3.85	3.57	1.15	1.90	2.17	2.38	1.81	0.95	0.60	0.71	0.49	0.26	0.05	0.00		-0.02	-0.02
Total operating expenses +	4.74	5.59	5.75	5.55	5.06	5.27	5.99	5.84	6.02	6.75	5.40	4.89	3.51	3.70	3.37	2.89	2.58	2.36	1.90	1.49	1.01	0.79	0.66	0.43	0.29	0.58	0.53	0.30	0.33
Selling, general and administrative	2.05	2.65	2.77	2.72	2.53	3.08	3.36	2.82	2.98	3.27	2.54	2.31	1.19	1.19	1.10	1.17	0.97	0.90	0.69	0.46	0.35	0.23	0.34	0.17	0.11	0.16	0.12	0.09	0.11
Research and development	2.71	3.02	2.98	2.82	2.52	2.41	2.61	3.02	3.05	3.49	2.84	2.50	1.86	2.07	1.85	1.55	1.37	1.23	0.89	0.65	0.51	0.37	0.33	0.20	0.18	0.34	0.34	0.20	0.21
Other operating expenses	-0.01	-0.08	0.00	0.01	0.01	-0.22	0.02	0.00	0.00	-0.01	0.02	0.07	0.46	0.44	0.42	0.18	0.24	0.23	0.33	0.38	0.15	0.19	-0.01	0.06	-0.01	0.08	0.08	0.00	0.01
Operating income	-2.95	-0.53	-1.28	0.54	0.27	3.70	3.30	0.33	-0.74	3.04	2.30	1.55	0.33	-0.13	-2.22	-0.99	-0.41	0.02	-0.10	-0.54	-0.41	-0.08	-0.18	-0.18	-0.24	-0.58	-0.53	-0.32	-0.34
Non-operating income (net)	0.36	0.50	0.54	0.75	0.50	0.36	0.12	0.84	1.42	1.14	0.67	0.88	0.64	0.29	0.45	0.34	0.43	0.26	0.20	0.33	0.07	0.16	0.07	0.10	0.14	-0.12	-0.16	-0.03	-0.08
Income before tax	-2.59	-0.03	-0.74	1.29	0.78	4.06	3.42	1.18	0.68	4.18	2.97	2.43	0.98	0.17	-1.77	-0.65	0.02	0.28	0.10	-0.20	-0.34	0.08	-0.11	-0.07	-0.09	-0.71	-0.69	-0.35	-0.42
Income tax expense	-0.32	-0.05	-0.11	0.19	0.13	0.53	0.58	0.08	0.08	-1.58	0.14	0.04	0.04	-0.10	-0.06	0.00	0.03	-0.01	0.12	0.03	0.03	-0.02	-0.06	-0.01	0.01	0.35	0.25	0.02	0.09
Net income	-2.28	0.01	-0.63	1.10	0.65	3.52	2.83	1.10	0.59	5.66	2.85	2.37	0.93	0.26	-1.71	-0.63	-0.01	0.30	-0.02	-0.24	-0.36	0.11	-0.11	-0.07	-0.08	-0.71	-0.69	-0.36	-0.75

about 2 months ago

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	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18
Total cash and short-term investments +	101.30	112.81	103.26	56.51	47.52	28.64	3.57	0.93
Cash and cash equivalents	56.94	65.90	91.33	38.48	27.85	8.94	1.30	0.07
Short-term investments	44.36	46.90	11.93	18.03	19.67	19.70	2.27	0.86
Accounts receivable, net	0.12	0.14	0.14	0.05	0.12	0.12	0.01	1.27
Inventories	8.76	8.19	6.87	6.80	1.62	1.05	0.52	0.00
Other current assets	5.18	5.18	4.25	3.63	3.12	1.59	0.97	1.36
Total current assets	115.36	126.31	114.53	66.99	52.38	31.39	5.07	2.29
Total non-current assets +	39.03	36.04	28.94	19.55	9.47	4.98	4.45	3.49
Property, plant and equipment, net				14.73	6.56	3.76	3.31	2.01
Goodwill	0.01	0.01	0.01	0.01	-0.29	-0.18
Intangible assets	2.70	2.44	0.86	0.83	1.04	0.86	0.86	0.85
Long-term investments	0.85	0.92	1.60	1.48	0.16	0.16	0.13	0.18
Other non-current assets
Total assets	154.39	162.35	143.47	86.54	61.85	36.37	9.51	5.78

Total current liabilities +	63.59	69.22	72.74	27.37	12.11	4.31	4.68	1.75
Accounts payable	40.61	40.04	34.84	15.41	7.09	2.99	0.63	0.34
Short-term debt	7.91	1.81	8.12	1.09	0.51	0.21	1.47	0.13
Current portion of long-term debt	6.22	0.28	6.98	0.39	0.04		0.93	0.02
Deferred revenue
Other current liabilities	15.07	23.64	28.12	9.85	3.92	0.79	2.49	-0.30
Total non-current liabilities +	17.62	21.81	10.15	13.98	8.68	2.26	0.25	6.43
Long-term debt	3.30	8.15	1.75	9.23	5.96	0.51		0.64
Capital lease obligations	8.30	7.91	4.82	2.64	1.84	1.60	0.78	0.69
Other non-current liabilities			3.71	2.14	0.80	0.18	0.01
Total liabilities	81.21	91.03	82.89	41.35	20.78	6.57	4.93	8.18

Total stockholders' equity +	72.67	70.87	60.14	44.86	41.06	29.80	4.58	-2.40
Common stock and paid-in capital	61.49	59.96	57.70	53.68	47.87	36.29	10.27	0.01
Retained earnings	11.18	10.92	2.44	-8.82	-6.81	-6.48	-5.69	-2.41
Common shares outstanding	1,071	1,065	1,058	971	927	905	905	905

Show Quarterly Balance Sheet

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21	Sep-21	Jun-21	Mar-21	Dec-20	Sep-20	Jun-20	Mar-20	Dec-19	Sep-19	Mar-19	Dec-18
Total cash and short-term investments +	92.81	101.30	98.68	106.92	110.68	112.81	106.54	97.25	98.89	103.26	87.42	72.25	63.34	56.51	51.97	50.44	48.53	47.52	46.94	34.80	28.25	28.64	18.58	0.00	3.41	3.57	3.87	0.93	0.93
Cash and cash equivalents	42.71	56.94	51.11	49.79	53.23	65.90	77.59	80.78	85.12	91.33	72.99	60.74	43.62	38.48	37.47	33.89	32.06	27.85	32.07	12.10	6.07	8.94	6.47		1.05	1.30	2.05	-0.93	0.07
Short-term investments	50.10	44.36	47.57	57.13	57.45	46.90	28.95	16.46	13.76	11.93	14.43	11.51	19.71	18.03	14.49	16.55	16.47	19.67	14.87	22.70	22.18	19.70	12.11		2.35	2.27	1.83	1.86	0.86
Accounts receivable, net	0.13	0.12	0.10	0.09	0.07	0.14	0.22	0.16	0.08	0.14	0.09	0.08	0.05	0.05	0.03	0.38	0.44	0.12	0.27	0.12	0.11	0.12	0.11		0.03	0.01
Inventories	7.01	8.76	8.23	11.73	10.09	8.19	8.18	8.31	12.16	6.87	6.03	5.66	6.26	6.80	5.52	3.01	1.92	1.62	1.53	1.14	1.38	1.05	1.17		0.72	0.52	0.35		0.00
Other current assets	5.26	5.18	5.74	4.80	5.33	5.18	4.81	4.10	4.53	4.25	4.20	4.60	3.41	3.63	4.56	4.06	3.45	3.12	2.61	2.33	2.59	1.59	0.72		0.78	0.97	1.01		1.36
Total current assets	105.21	115.36	112.75	123.54	126.17	126.31	119.75	109.81	115.65	114.53	97.73	82.60	73.07	66.99	62.07	57.89	54.34	52.38	51.35	38.38	32.33	31.39	20.58		4.94	5.07	5.24	0.93	2.29
Total non-current assets +	38.82	39.03	40.37	37.75	35.68	36.04	35.07	35.30	34.00	28.94	22.40	20.53	20.95	19.55	17.16	14.60	11.46	9.47	7.66	6.28	5.41	4.98	4.81		4.42	4.45	4.24	-0.93	3.49
Property, plant and equipment, net											18.09	16.83		14.73	12.64	10.48	8.00	6.56	5.64	4.30	3.88	3.76	3.79		3.27	3.31
Goodwill	0.01	1.20	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01			-0.29	-0.29				-0.18
Intangible assets	1.17	2.70	0.94	0.93	0.93	0.91	0.91	0.89	0.88	2.11	0.84	0.84	0.84	0.83	0.83	0.80	0.77	1.04	0.71	0.69	0.68	0.86	0.68		0.67	0.67	0.68		0.85
Long-term investments	2.01	0.85	0.83	0.83	0.82	0.92	1.03	1.49	1.55	1.60	1.14	0.78	1.48	1.48	1.48	0.71	0.30	0.16	0.13	0.15	0.18	0.16	0.15		0.15
Other non-current assets
Total assets	144.03	154.39	153.12	161.29	161.85	162.35	154.82	145.11	149.66	143.47	120.14	103.12	94.01	86.54	79.23	72.49	65.79	61.85	59.02	44.66	37.74	36.37	25.38		9.35	9.51	9.48		5.78

Total current liabilities +	55.98	63.59	62.54	71.21	67.48	69.22	67.96	62.46	75.60	72.74	57.75	46.75	33.76	27.37	21.90	17.81	13.95	12.11	9.56	7.42	5.55	4.31	2.95		3.07	4.68	3.11		1.75
Accounts payable	35.84	40.61	37.77	49.97	51.96	40.04	52.00	46.83	54.59	51.88	40.56	31.27	25.34	20.03	15.53	13.10	11.12	9.38	7.04	5.16	4.33	2.99	2.08		0.86	0.63	0.35		0.34
Short-term debt	7.68	7.91	7.95	8.12	1.79	1.81	2.26	2.23	8.41	8.12	7.27	7.16	1.58	1.09	1.14	0.86	0.64	0.51	0.43	0.74	0.24	0.21	0.20		1.38	1.47	0.30		0.13
Current portion of long-term debt	6.16	6.22	6.32	6.39	0.23	0.28	0.94	0.92	7.14	6.98	6.31	6.34	0.83	0.39	0.53	0.29	0.14	0.04		0.43					0.83
Deferred revenue
Other current liabilities	11.07	15.07	15.25	11.71	12.40	34.28	12.00	11.67	11.20	11.08	8.67	6.25	5.82	5.81	4.37	3.00	1.58	1.94	1.84	1.00	0.74	0.79	0.51		0.71	2.58	2.47		-0.30
Total non-current liabilities +	17.70	17.62	17.38	16.45	22.05	21.81	19.83	19.34	12.27	10.15	8.44	7.13	13.62	13.98	13.18	12.02	10.39	8.68	8.71	7.88	2.46	2.26	2.10		0.29	0.25	1.41		6.43
Long-term debt	3.79	3.30	3.14	1.83	8.15	8.15	7.94	7.98	1.80	1.75	1.59	1.45	8.52	9.23	8.96	7.87	7.04	5.96	5.99	5.56	0.52	0.51	0.50
Capital lease obligations	7.79	8.30	8.43	8.69	7.98	7.91	6.81	6.56	6.37	4.82	3.55	2.94	2.74	2.64	2.45	2.55	2.00	1.84	2.17	1.92	1.67	1.60	1.61		0.79
Other non-current liabilities	6.50		6.13	6.23	5.95		5.27	4.80	4.35	3.71	3.46	2.92	2.47	2.14	1.81	1.60	1.23	0.80	0.51	0.35	0.25	0.18	0.11		0.04
Total liabilities	73.68	81.21	79.92	87.66	89.53	91.03	87.79	81.80	87.87	82.89	66.19	53.88	47.38	41.35	35.08	29.84	24.34	20.78	18.27	15.30	8.01	6.57	5.05		3.36	4.93	4.52	-2.80	8.18

Total stockholders' equity +	69.81	72.67	72.69	73.12	71.82	70.87	66.59	62.88	61.36	60.14	53.61	48.89	46.30	44.86	43.86	42.36	41.46	41.06	40.75	29.36	29.73	29.80	20.33		5.99	4.58	4.96	2.80	-2.40
Common stock and paid-in capital	69.81	61.49	72.69	60.46	60.91	60.71	66.59	58.30	58.92	57.70	51.17	54.49	54.19	53.68	52.93	49.79	48.27	47.87	40.75	36.44	36.58	36.29	26.92	0.00	11.89	10.27	9.58	2.80	0.01
Retained earnings		11.18		12.66	10.92	10.16		4.58	2.44	2.44	2.44	-5.60	-7.89	-8.82	-9.07	-7.43	-6.82	-6.81		-7.08	-6.84	-6.48	-6.59		-5.90	-5.69	-4.62		-2.41
Common shares outstanding	1,014	1,042	1,009	1,071	1,069	1,067	1,063	1,062	1,066	1,065	1,060	1,053	1,052	1,046	970	965	965	1,027	934	905	905	864	836	846	905	905	905	905	905

about 2 months ago

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	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18
Operating cash flow +	-8.61	15.93	50.69	7.38	8.34	3.14	-1.79	-1.35
Net income
Depreciation, depletion and amortization	4.64	3.06	1.81	1.21	0.59	0.32	0.12	0.06
Stock-based compensation	1.26	2.63	2.38	2.05	1.10	0.14
Change in inventory	-2.58	-3.10	-1.25	-5.92	-0.61	-0.52	-0.51	0.00
Other working capital changes	-11.93	13.34	47.76	10.03	7.26	3.19	-1.40	-1.41
Cash flow from investing +	-0.70	-41.14	-0.01	-4.36	-4.26	-18.74	-2.57	-0.19
Capital expenditures	-4.21	-7.73	-6.51	-5.13	-3.44	-0.68	-0.95	-0.97
Others incl. marketable securities changes	3.50	-33.41	6.50	0.76	-0.81	-18.06	-1.62	0.78
Cash flow from financing +	0.77	-0.42	0.19	5.64	16.71	24.71	5.66	1.11
Dividend payout
Common stock repurchases						0.00	0.00	-0.02
Net Debt Issuance	0.77	-0.42	0.19	5.64	16.71	24.71	5.66	1.12

Change in cash	-8.55	-25.62	50.87	8.65	20.79	9.11	1.29	-0.43

Show Quarterly Cash Flow

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21	Sep-21	Jun-21	Mar-21	Dec-20	Sep-20	Jun-20	Mar-20	Dec-19	Sep-19	Mar-19	Dec-18
Operating cash flow +	3.52	-0.79	-7.40	-3.04	-1.70	8.68	11.02	-0.43	-3.34	17.29	14.51	11.11	7.78	4.93	-0.51	1.13	1.83	3.84	2.17	1.41	0.93	1.82	0.93	0.45	-0.06	-0.45	-0.58	-0.39	-0.34
Net income
Depreciation, depletion and amortization	2.91			1.72				1.30	1.03	1.03	1.03	0.41	0.36	0.43	0.38	0.20	0.20	0.21	0.16	0.13	0.10	0.19	0.08	0.08	0.06	0.04	0.03	0.02	0.02
Stock-based compensation	0.25		0.26	0.37	0.37	0.51		0.40	0.69	0.83	0.65	0.42	0.48	0.70	0.41	0.46	0.49	0.39	0.36	0.17	0.18	0.01	0.13						-0.02
Change in inventory	2.20			-4.78	0.05			-3.15	-1.71	-1.71	-1.71	0.35	0.11	-1.76	-2.72	-1.09	-0.35	-0.12	-0.40	0.24	-0.33	-0.22	-0.04	-0.10	-0.19	-0.40	-0.09		0.00
Other working capital changes	-1.84	-0.79	-7.66	-0.35	-2.12	8.17	11.02	1.01	-3.35	17.14	14.53	9.93	6.84	5.55	1.43	1.55	1.50	3.36	2.05	0.88	0.97	1.85	0.75	0.48	0.07	-0.09	-0.51	-0.42	-0.33
Cash flow from investing +	2.11		8.37	-0.23	-10.96		-14.21	-3.84	-3.10		-4.42	7.57	-2.69	-5.31	0.12	-0.74	1.56	-7.11	6.96	-1.22	-2.89	-8.30	-9.88	-0.37	-0.18	-0.77	-1.56	-0.81	0.18
Capital expenditures	-2.57	0.00	0.00	-1.64	-2.62	-2.62	-1.97	-3.14	-2.66	-2.66	-1.28	-1.49	-1.08	-1.67	-1.49	-0.64	-1.33	-1.66	-1.00	-0.43	-0.36	-0.22	-0.18	-0.15	-0.12	-0.25	-0.20	-0.22	-0.36
Others incl. marketable securities changes	4.68	0.00	8.37	1.41	-8.34	2.62	-12.24	-0.70	-0.44	2.66	-3.14	9.06	-1.61	-3.64	1.61	-0.10	2.90	-5.45	7.97	-0.79	-2.54	-8.08	-9.70	-0.22	-0.06	-0.52	-1.35	-0.59	0.54
Cash flow from financing +	0.18		0.60	-0.07	0.06	-0.73	0.24	-0.10	0.19	0.86	1.37	-1.85	-0.20	0.25	3.46	1.03	0.90	0.17	11.01	5.53	5.53	9.99	14.89	-0.03	-0.14	0.47	3.28	1.80	0.05
Dividend payout													0.00
Common stock repurchases													0.00	0.00			-0.03	-0.03
Net Debt Issuance	0.18	0.00	0.60	-0.07	0.06	-0.73	0.24	-0.10	0.19	0.86	1.37	-1.85	-0.19	0.25	3.46	1.03	0.94	0.20	11.01	5.53	5.53	9.99	14.89	-0.03	-0.14	0.47	3.28	1.80	0.05

Change in cash	5.81	-0.79	1.58	-3.33	-12.60	7.95	-2.95	-4.37	-6.26	18.16	11.45	16.83	4.89	-0.13	3.07	1.42	4.30	-3.11	20.14	5.72	3.57	3.51	5.93	0.05	-0.38	-0.75	1.14	0.59	-0.10