What is LI AUTO INC's earnings per share (EPS)?

LI AUTO INC (LAAOF) reported diluted earnings per share of $0.08 for fiscal year 2025. This represents a -84.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

LI AUTO INC (LAAOF) Financials

LAAOF

FY2025 annual

Revenue $16.1B -18.8% YoY

Net Income $162.9M -85.2% YoY

EPS (Diluted) $0.08 -84.6% YoY

Free Cash Flow -$1.8B -263.1% YoY

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Apr 10, 2026 Currency USD FYE December

Newest figures come from the 10-K for FY2025, filed Apr 10, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the LAAOF SEC filings page.

LI AUTO INC (LAAOF) reported $16.1B in revenue for fiscal year 2025, down 18.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI LAAOF FY2025 2026-10-03

Li Auto's FY2025 results reveal a business that remained profitable on paper while its operations consumed cash.

The key shift is a breakdown in earnings quality: FY2025 net income was $163M, yet operating cash flow was -$1.2B. Revenue contracted 18.8% in FY2025, and gross margin also compressed to 18.7%, showing weaker demand coincided with less favorable unit economics.

The balance sheet is not heavily debt-funded: FY2025 debt-to-equity was below 0.1x while current ratio held at 1.8x. Reported liquidity equaled 80.2 months of the latest annual operating outflow, a balance-sheet cushion that contrasts with the year's negative cash generation.

Capital deployment became more selective but cash conversion worsened: capital expenditures declined to $601M in FY2025, yet free cash flow was -$1.8B. That gap means cash pressure was broader than fixed-asset spending alone, consistent with operating cash flow of -$1.2B and inventory rising to $1.3B.

Financial Health Signals

Financial health score not available

LI AUTO INC does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Altman Z-Score Grey Zone

1.82

LI AUTO INC scores 1.82, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Weak

2/9

LI AUTO INC passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality No Cash Backing

$7.56used

For every $1 of reported earnings, LI AUTO INC used $7.56 of operating cash (-$1.2B OCF vs $162.9M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.

Interest Coverage At Risk

N/A

LI AUTO INC reported an operating loss of $74.5M against $24.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q4 2025.

Cash & Balance Sheet

Cash & Debt

$8.1B

YoY-10.2%

QoQ-10.2%

LI AUTO INC held $8.1B in cash against $471.8M in long-term debt as of Q4 2025, with $9.1B of liabilities due within a year.

Shares Outstanding

2.03B

YoY+1.0%

QoQ+1.0%

LI AUTO INC had 2.03B shares outstanding in Q4 2025. This represents an increase of 1.0% from the same quarter a year earlier. Against the prior quarter it is up 1.0%.

Free Cash Flow

Not reported for Q4 2025.

Dividends Per Share

Not reported for Q4 2025.

Margins & Returns

None of these metrics is reported for Q4 2025.

Capital Allocation

None of these metrics is reported for Q4 2025.

LAAOF Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

LAAOF quarterly income statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K
Revenue	$16.1B-18.8%	$19.8B+13.5%	$17.4B+165.7%	$6.6B+54.9%	$4.2B+192.4%	$1.4B
Cost of Revenue	$13.1B-17.0%	$15.7B+15.9%	$13.6B+156.5%	$5.3B+58.7%	$3.3B+175.1%	$1.2B
Gross Profit	$3.0B-26.1%	$4.1B+4.9%	$3.9B+203.9%	$1.3B+41.0%	$904.1M+280.8%	$237.4M
R&D Expenses	$1.6B+6.7%	$1.5B+1.7%	$1.5B+51.7%	$983.0M+90.6%	$515.7M+205.9%	$168.6M
SG&A Expenses	$1.5B-9.0%	$1.7B+21.8%	$1.4B+67.5%	$821.4M+49.9%	$548.0M+219.6%	$171.5M
Operating Income	-$74.5M-107.7%	$961.6M-7.8%	$1.0B+296.9%	-$529.9M-231.9%	-$159.6M-55.6%	-$102.6M
EBITDA	$588.3M-57.4%	$1.4B+6.4%	$1.3B+466.6%	-$353.9M-428.3%	-$67.0M-25.5%	-$53.4M
Interest Expense	$24.0M-6.6%	$25.7M+111.7%	$12.1M-21.2%	$15.4M+55.4%	$9.9M-3.2%	$10.3M
Income Tax	$22.6M-87.0%	$174.0M+191.0%	-$191.2M-938.2%	-$18.4M-169.6%	$26.5M+855.9%	-$3.5M
Net Income	$162.9M-85.2%	$1.1B-33.7%	$1.7B+664.5%	-$294.7M-484.2%	-$50.4M-117.0%	-$23.2M
EPS (Basic)	$0.08-85.5%	$0.55-34.5%	$0.84+660.0%	-$0.15-400.0%	-$0.03	N/A
EPS (Diluted)	$0.08-84.6%	$0.52-33.3%	$0.78+620.0%	-$0.15-400.0%	-$0.03	N/A
Diluted Shares (Avg)	2.14B+0.6%	2.13B+0.7%	2.12B+9.0%	1.94B+4.7%	1.85B+113.0%	870M

Metric	Q4'2510-K	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q3'2210-Q	Q4'2110-K	Q4'2010-K
EPS (Basic)	N/A	N/A	N/A	$0.01	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	$0.01	N/A	N/A	N/A

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, Diluted Shares (Avg).

LAAOF Balance Sheet

LAAOF quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K
Total Assets	$22.1B-0.8%	$22.2B+10.1%	$20.2B+61.1%	$12.5B+29.3%	$9.7B+74.1%	$5.6B
Current Assets	$16.5B-4.7%	$17.3B+7.3%	$16.1B+66.1%	$9.7B+18.2%	$8.2B+70.9%	$4.8B
Cash & Equivalents	$8.1B-10.2%	$9.0B-29.8%	$12.9B+130.6%	$5.6B+27.6%	$4.4B+219.1%	$1.4B
Short-Term Investments	$0	$0	$0	$0	$0	$0
Inventory	$1.3B+11.6%	$1.1B+15.9%	$967.9M-1.9%	$986.6M+288.6%	$253.9M+58.1%	$160.6M
Accounts Receivable	$17.1M-7.4%	$18.5M-8.4%	$20.2M+188.2%	$7.0M-62.9%	$18.9M+6.8%	$17.7M
Long-Term Investments	$121.4M-4.0%	$126.4M-43.7%	$224.7M+4.4%	$215.2M+777.5%	$24.5M-1.7%	$25.0M
Goodwill	$784K+4.4%	$751K-2.7%	$772K-2.9%	$795K	N/A	N/A
Total Liabilities	$11.6B-6.9%	$12.5B+6.8%	$11.7B+94.7%	$6.0B+83.8%	$3.3B+223.9%	$1.0B
Current Liabilities	$9.1B-4.2%	$9.5B-7.4%	$10.2B+158.2%	$4.0B+108.9%	$1.9B+187.7%	$660.4M
Non-Current Liabilities	$2.5B-15.7%	$3.0B+109.0%	$1.4B-29.5%	$2.0B+48.9%	$1.4B+293.0%	$346.4M
Long-Term Debt	$471.8M-57.8%	$1.1B+353.8%	$246.1M-81.6%	$1.3B+43.1%	$935.4M+1092.9%	$78.4M
Total Equity	$10.4B+6.9%	$9.7B+14.6%	$8.5B+30.2%	$6.5B+0.9%	$6.4B+41.1%	$4.6B
Retained Earnings	$1.6B+14.8%	$1.4B+304.7%	$343.9M+126.9%	-$1.3B-19.7%	-$1.1B-7.5%	-$993.4M

Metric	Q4'2510-K	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q3'2210-Q	Q4'2110-K	Q4'2010-K
Total Assets	$22.1B-0.8%	$22.2B+10.1%	$20.2B+61.1%	$12.5B+29.3%	$11.1B	$9.7B+74.1%	$5.6B
Current Assets	$16.5B-4.7%	$17.3B+7.3%	$16.1B+66.1%	$9.7B+18.2%	$8.7B	$8.2B+70.9%	$4.8B
Cash & Equivalents	$8.1B-10.2%	$9.0B-29.8%	$12.9B+130.6%	$5.6B+27.6%	$5.3B	$4.4B+219.1%	$1.4B
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0
Inventory	$1.3B+11.6%	$1.1B+15.9%	$967.9M-1.9%	$986.6M+288.6%	$775.4M	$253.9M+58.1%	$160.6M
Accounts Receivable	$17.1M-7.4%	$18.5M-8.4%	$20.2M+188.2%	$7.0M-62.9%	$4.6M	$18.9M+6.8%	$17.7M
Long-Term Investments	$121.4M-4.0%	$126.4M-43.7%	$224.7M+4.4%	$215.2M+777.5%	$208.2M	$24.5M-1.7%	$25.0M
Goodwill	$784K+4.4%	$751K-2.7%	$772K-2.9%	$795K	N/A	N/A	N/A
Total Liabilities	$11.6B-6.9%	$12.5B+6.8%	$11.7B+94.7%	$6.0B+83.8%	$4.9B	$3.3B+223.9%	$1.0B
Current Liabilities	$9.1B-4.2%	$9.5B-7.4%	$10.2B+158.2%	$4.0B+108.9%	$3.1B	$1.9B+187.7%	$660.4M
Non-Current Liabilities	$2.5B-15.7%	$3.0B+109.0%	$1.4B-29.5%	$2.0B+48.9%	$1.9B	$1.4B+293.0%	$346.4M
Long-Term Debt	$471.8M-57.8%	$1.1B+353.8%	$246.1M-81.6%	$1.3B+43.1%	$1.3B	$935.4M+1092.9%	$78.4M
Total Equity	$10.4B+6.9%	$9.7B+14.6%	$8.5B+30.2%	$6.5B+0.9%	$6.2B	$6.4B+41.1%	$4.6B
Retained Earnings	$1.6B+14.8%	$1.4B+304.7%	$343.9M+126.9%	-$1.3B-19.7%	-$1.3B	-$1.1B-7.5%	-$993.4M

LAAOF Cash Flow Statement

LAAOF quarterly cash flow statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K
Operating Cash Flow	-$1.2B-156.4%	$2.2B-69.4%	$7.1B+567.3%	$1.1B-18.2%	$1.3B+172.0%	$481.2M
Depreciation & Amortization	$662.8M+58.2%	$418.9M+64.8%	$254.2M+44.5%	$176.0M+90.0%	$92.6M+88.3%	$49.2M
Stock-Based Compensation	$179.9M-50.1%	$360.4M+7.6%	$335.0M+12.5%	$297.7M+72.2%	$172.8M+689.7%	$21.9M
Capital Expenditures	$601.4M-43.2%	$1.1B+15.5%	$916.5M+23.3%	$743.5M+37.5%	$540.5M+422.4%	$103.5M
Free Cash Flow	-$1.8B-263.1%	$1.1B-81.9%	$6.2B+1805.8%	$326.6M-57.5%	$768.3M+103.4%	$377.7M
Investing Cash Flow	-$100.5M+98.2%	-$5.6B-331415.8%	-$1.7M+99.7%	-$632.8M+5.3%	-$668.1M+76.7%	-$2.9B
Financing Cash Flow	$109.7M+292.7%	-$56.9M-318.1%	$26.1M-96.8%	$817.6M-68.8%	$2.6B-30.8%	$3.8B

Metric	Q4'2510-K	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q3'2210-Q	Q4'2110-K	Q4'2010-K
Operating Cash Flow	N/A	N/A	N/A	$724.9M	N/A	N/A	N/A
Depreciation & Amortization	N/A	N/A	N/A	$65.6M	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	$257.1M	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	$467.8M	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	-$765.5M	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	$60.1M	N/A	N/A	N/A

Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.

LAAOF Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

LAAOF quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K
Gross Margin	18.7%-1.9pp	20.5%-1.7pp	22.2%+2.8pp	19.4%-1.9pp	21.3%+4.9pp	16.4%
Operating Margin	-0.5%-5.3pp	4.9%-1.1pp	6.0%+14.0pp	-8.1%-4.3pp	-3.8%+3.3pp	-7.1%
Net Margin	1.0%-4.6pp	5.6%-4.0pp	9.5%+14.0pp	-4.5%-3.3pp	-1.2%+0.4pp	-1.6%
Return on Equity	1.6%-9.8pp	11.3%-8.3pp	19.6%+24.2pp	-4.5%-3.8pp	-0.8%-0.3pp	-0.5%
Return on Assets	0.7%-4.2pp	5.0%-3.3pp	8.2%+10.6pp	-2.4%-1.8pp	-0.5%-0.1pp	-0.4%
Current Ratio	1.810.0x	1.82+0.3x	1.57-0.9x	2.45-1.9x	4.33-3.0x	7.28
Debt-to-Equity	0.05-0.1x	0.12+0.1x	0.03-0.2x	0.21+0.1x	0.15+0.1x	0.02
Asset Turnover	0.73-0.2x	0.890.0x	0.86+0.3x	0.52+0.1x	0.44+0.2x	0.26
FCF Margin	-11.4%-17.1pp	5.7%-30.0pp	35.7%+30.7pp	5.0%-13.2pp	18.1%-7.9pp	26.1%

Metric	Q4'2510-K	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q3'2210-Q	Q4'2110-K	Q4'2010-K
Current Ratio	1.810.0x	1.82+0.3x	1.57-0.9x	2.45-1.9x	2.83	4.33-3.0x	7.28
Debt-to-Equity	0.05-0.1x	0.12+0.1x	0.03-0.2x	0.21+0.1x	0.20	0.15+0.1x	0.02

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.

Where LI AUTO INC Ranks

Frequently Asked Questions

What is LI AUTO INC's annual revenue?

LI AUTO INC (LAAOF) reported $16.1B in total revenue for fiscal year 2025. This represents a -18.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is LI AUTO INC's revenue growing?

LI AUTO INC (LAAOF) revenue declined by 18.8% year-over-year, from $19.8B to $16.1B in fiscal year 2025.

Is LI AUTO INC profitable?

Yes, LI AUTO INC (LAAOF) reported a net income of $162.9M in fiscal year 2025, with a net profit margin of 1.0%.

What is LI AUTO INC's EBITDA?

LI AUTO INC (LAAOF) had EBITDA of $588.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does LI AUTO INC have?

As of fiscal year 2025, LI AUTO INC (LAAOF) had $8.1B in cash and equivalents against $471.8M in long-term debt.

What is LI AUTO INC's gross margin?

LI AUTO INC (LAAOF) had a gross margin of 18.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is LI AUTO INC's operating margin?

LI AUTO INC (LAAOF) had an operating margin of -0.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is LI AUTO INC's net profit margin?

LI AUTO INC (LAAOF) had a net profit margin of 1.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is LI AUTO INC's return on equity (ROE)?

LI AUTO INC (LAAOF) has a return on equity of 1.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is LI AUTO INC's free cash flow?

LI AUTO INC (LAAOF) recorded an outflow of $1.8B in free cash flow during fiscal year 2025. This represents a -263.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is LI AUTO INC's operating cash flow?

LI AUTO INC (LAAOF) recorded an outflow of $1.2B in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are LI AUTO INC's total assets?

LI AUTO INC (LAAOF) had $22.1B in total assets as of fiscal year 2025, including both current and long-term assets.

What are LI AUTO INC's capital expenditures?

LI AUTO INC (LAAOF) invested $601.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does LI AUTO INC spend on research and development?

LI AUTO INC (LAAOF) invested $1.6B in research and development during fiscal year 2025.

How many shares does LI AUTO INC have outstanding?

LI AUTO INC (LAAOF) had 2.03B shares outstanding as of fiscal year 2025.

What is LI AUTO INC's current ratio?

LI AUTO INC (LAAOF) had a current ratio of 1.81 as of fiscal year 2025, which is generally considered healthy.

What is LI AUTO INC's debt-to-equity ratio?

LI AUTO INC (LAAOF) had a debt-to-equity ratio of 0.05 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is LI AUTO INC's return on assets (ROA)?

LI AUTO INC (LAAOF) had a return on assets of 0.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

How does LI AUTO INC's liquidity compare with its operating cash outflow?

At the end of fiscal year 2025, LI AUTO INC (LAAOF) held $8.2B in cash, cash equivalents and investments, and reported an operating cash outflow of $1.2B over that year. Dividing the one by the other, the reported balance equals about 80 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

What is LI AUTO INC's Altman Z-Score?

LI AUTO INC (LAAOF) has an Altman Z-Score of 1.82, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is LI AUTO INC's Piotroski F-Score?

LI AUTO INC (LAAOF) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are LI AUTO INC's earnings high quality?

For every $1 of reported earnings, LI AUTO INC (LAAOF) used $7.56 of operating cash (-$1.2B OCF vs $162.9M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can LI AUTO INC cover its interest payments?

LI AUTO INC (LAAOF) reported an operating loss of $74.5M against $24.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.