6 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $16.1B | $163M | 18.7% | -0.5% | -$1.8B | $1.4B | $8.1B |
| 2024 | $19.8B | $1.1B | 20.5% | 4.9% | $1.1B | $1.2B | $9.0B |
| 2023 | $17.4B | $1.7B | 22.2% | 6.0% | $6.2B | $7.2B | $12.9B |
| 2022 | $6.6B | -$295M | 19.4% | -8.1% | $327M | $9.6B | $5.6B |
| 2021 | $4.2B | -$50M | 21.3% | -3.8% | $768M | $6.0B | $4.4B |
| 2020 | $1.4B | -$23M | 16.4% | -7.1% | $378M | $78M | $1.4B |
How the market has priced LI against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Li Auto Inc.'s revenue has grown 61.8% per year. These are computed facts, not advice.
As of FY2025, Li Auto Inc. reported $1.4B of total debt against $8.1B of cash; operating income covered interest expense -3.1×.
In FY2025, gross margin was 18.7%, operating margin -0.5%, and net margin 1.0%.
As of Jun '26, Li Auto Inc. traded at a price-to-earnings ratio of about 155.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.