Li Auto Inc. LI
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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| 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 | 0.08 | 0.55 | 0.84 | -0.15 | -0.03 | — | — |
| EPS, diluted | 0.08 | 0.52 | 0.78 | -0.15 | -0.03 | -0.14 | — |
| Shares, diluted (wtd. avg.) | $2.14B | $2.13B | $2.12B | $1.94B | $1.85B | $870.0M | $255.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| 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.
Others in SIC 3711
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| TSLA | Tesla, Inc. | $1.40T | 327.9x | -2.9% |
| GM | General Motors Co | $77.01B | 26.8x | -2.1% |
| PCAR | PACCAR INC | $65.64B | 27.6x | -15.5% |
| F | FORD MOTOR CO | $58.35B | — | 1.2% |
| RIVN | Rivian Automotive, Inc. / DE | $20.86B | — | 8.4% |
| OSK | OSHKOSH CORP | $9.79B | — | -2.9% |
| FSS | FEDERAL SIGNAL CORP /DE/ | $7.28B | 29.7x | 17.1% |
| LCID | Lucid Group, Inc. | $1.84B | — | 67.6% |