What changed in Li Auto Inc.'s latest annual report
In the year ended 31 Dec 2025, Li Auto Inc.'s revenue fell 18.8% to USD 16.06bn, from USD 19.79bn; long-term debt fell 57.8% to USD 471.78m, from USD 1.12bn; cash and cash equivalents fell 10.2% to USD 8.11bn, from USD 9.03bn.
Year ended 31 Dec 2025. Source: 20-F filed 10 Apr 2026, read it on SEC EDGAR.
USD 19.79bn to USD 16.06bn
The figures, year on year
| Item | Year before | Latest year | Change |
|---|---|---|---|
| Revenue | 19.79bn | 16.06bn | Down 18.8% |
| Total assets | 22.24bn | 22.06bn | Down 0.8% |
| Total liabilities | 12.47bn | 11.61bn | Down 6.9% |
| Long-term debt | 1.12bn | 471.78m | Down 57.8% |
| Cash and cash equivalents | 9.03bn | 8.11bn | Down 10.2% |
| Shareholders' equity | 9.71bn | 10.38bn | Up 6.9% |
Questions people ask
Did Li Auto Inc.'s revenue grow last year?
Revenue fell 18.8%, from USD 19.79bn to USD 16.06bn in the year ended 31 Dec 2025.
How much cash and debt does Li Auto Inc. have?
At its latest year end (31 Dec 2025), Li Auto Inc. reported cash and cash equivalents of USD 8.11bn and long-term debt of USD 471.78m.
Where do these numbers come from?
From Li Auto Inc.'s own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.
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