Li Auto Inc. LI

Consumer discretionary SIC 3711 - Motor Vehicles & Passenger Car Bodies NAICS Manufacturing › Transportation Equipment Manufacturing › Motor Vehicle Manufacturing › Automobile and Light Duty Motor Vehicle Manufacturing derived Nasdaq

Last close —
Market cap —
52-week range — - —

No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.

Valuation FY2025 figures against the last close

P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS0.08

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue $16.06B$19.79B$17.44B$6.57B$4.24B$1.45B—
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$904.1M$237.4M—
R&D $1.62B$1.52B$1.49B$983.0M$515.7M$168.6M—
SG&A $1.53B$1.68B$1.38B$821.4M$548.0M$171.5M—
Total operating expenses $3.08B$3.10B$2.83B$1.80B$1.06B$340.0M—
Operating income -$74.5M$961.6M$1.04B-$529.9M-$159.6M-$102.6M—
Interest expense $24.0M$25.7M$12.1M$15.4M$9.9M$10.3M—
Pre-tax income $185.5M$1.28B$1.47B-$313.1M-$24.0M-$28.9M—
Income tax $22.6M$174.0M$191.2M$18.4M$26.5M$3.5M—
Net income $162.9M$1.10B$1.66B-$294.7M-$50.4M-$23.2M—
EPS, basic 0.080.550.84-0.15-0.03——
EPS, diluted 0.080.520.78-0.15-0.03-0.14—
Shares, diluted (wtd. avg.) 2.14B2.13B2.12B1.94B1.85B870.0M255.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Cash and equivalents $8.11B$9.03B$12.86B$5.58B$4.37B$1.37B—
Receivables $17.1M$18.5M$20.2M$7.0M$18.9M$17.7M—
Inventory $1.25B$1.12B$967.9M$986.6M$253.9M$160.6M—
Total current assets $16.49B$17.30B$16.13B$9.71B$8.22B$4.81B—
Property, plant and equipment —————$379.9M—
Goodwill $784.0K$751.0K$772.0K$795.0K———
Other intangibles $170.4M$125.3M$121.7M$120.7M$117.9M$104.7M—
Total assets $22.06B$22.24B$20.21B$12.55B$9.71B$5.57B—
Short-term debt $889.1M$38.5M$982.5M$56.7M$5.8M——
Total current liabilities $9.09B$9.48B$10.25B$3.97B$1.90B$660.4M—
Long-term debt $471.8M$1.12B$246.1M$1.34B$935.4M$78.4M—
Total liabilities $11.61B$12.47B$11.68B$6.00B$3.26B$1.01B—
Retained earnings $1.60B$1.39B$343.9M-$1.28B-$1.07B-$993.4M—
Total equity $10.38B$9.71B$8.47B$6.50B$6.44B$4.57B—

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating cash flow -$1.23B$2.18B$7.14B$1.07B$1.31B$481.2M—
Depreciation and amortisation $662.8M$418.9M$254.2M$176.0M$92.6M$49.2M—
Stock-based compensation $179.9M$360.4M$335.0M$297.7M$172.8M$21.9M—
Capital expenditure $601.4M$1.06B$916.5M$743.5M$540.5M$103.5M—
Investing cash flow -$100.5M-$5.64B-$1.7M-$632.8M-$668.1M-$2.87B—
Financing cash flow $109.7M-$56.9M$26.1M$817.6M$2.62B$3.79B—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-041705.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -10B 0 10B 20B Revenue, FY2020: 1.4B Gross profit, FY2020: 237.4M Net income, FY2020: -23.2M Revenue, FY2021: 4.2B Gross profit, FY2021: 904.1M Net income, FY2021: -50.4M Revenue, FY2022: 6.6B Gross profit, FY2022: 1.3B Net income, FY2022: -294.7M Revenue, FY2023: 17.4B Gross profit, FY2023: 3.9B Net income, FY2023: 1.7B Revenue, FY2024: 19.8B Gross profit, FY2024: 4.1B Net income, FY2024: 1.1B Revenue, FY2025: 16.1B Gross profit, FY2025: 3B Net income, FY2025: 162.9M FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $1.45B $4.24B $6.57B $17.44B $19.79B $16.06B
Gross profit — $237.4M $904.1M $1.27B $3.87B $4.06B $3.00B
Net income — -$23.2M -$50.4M -$294.7M $1.66B $1.10B $162.9M

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