Why LI Stock slipped -0.99% Today — RQD Quant Desk Flash

Per the Roarable RQD rating, LI scores 18 out of 100 with a letter grade of E, labeled "Roarable Strong Sell — Forensic Risk / Avoid." The five pillars are:

• Fundamental Cash Engine: 2 / 20. Per the RQD rating, this pillar reflects ROIC of -2.1% and an FCF yield of -17.95%. For a prospective investor, the core economics are not currently generating returns on invested capital or positive free cash flow.
• Whale 13F Flow: 5 / 20. Per the RQD rating, this pillar covers institutional accumulation and options positioning. The score is weak, and the source data contains no holder detail to explain the drivers (see Analyst View section).
• Insider Conviction: 3 / 20. Per the RQD rating, this pillar covers SEC Form 4 and Congressional PTR cluster flow. The score is low, and no insider transaction detail is provided in the source data.
• Macro Regime Fit: 6 / 20. Per the RQD rating, the beta is 0.97 and the pillar reflects sector sensitivity. A beta near 1.0 means the stock has tended to move roughly in line with the broader market in the source data, rather than offering a defensive profile.
• Forensic Balance Sheet: 2 / 20. Per the RQD rating, the Altman Z-Score is 1.78, the Piotroski F-Score is 2 out of 9, and the Debt/Equity ratio is 0.05. The Z-Score and F-Score are both weak readings, though the low leverage ratio is a relative positive within this pillar.

Taken together, the pillar scores point to weak operating cash generation and a weak forensic profile. Investor implications: the upside case depends on a turnaround in cash generation and margins that the source data does not yet show; valuation tradeoffs are unclear because the forward P/E of 33 sits against negative trailing EPS; and the low leverage ratio partially offsets balance-sheet concerns but does not resolve the weak Z-Score and F-Score readings. This is an analytical summary, not personalized financial advice.

Li Auto Inc. (LI) is a NASDAQ-listed issuer classified in the Consumer Discretionary sector and the Auto Manufacturing industry, per the profile section. The source data does not describe specific products, customer segments, or revenue-generation mechanics beyond sector and industry classification. Gross margin is reported at 18.7% per the market data section, which indicates the company's cost of revenue as a share of sales, but the source data does not specify the products generating that margin.

Per the SEC financials, revenue declined from $19790.9M in FY 2024 to $16060.5M in FY 2025, and operating income moved from $961.6M to $-74.5M over the same period. Per the market data section, operating margin is -0.5%, net margin is -0.4%, and ROIC is -2.1%. Per the Roarable RQD rating, the Altman Z-Score is 1.78 and the Piotroski F-Score is 2 out of 9. Per the SEC financials, cash declined from $9028.4M to $8106.8M and debt declined from $1116.8M to $471.8M across FY 2024 to FY 2025, while FY 2025 free cash flow was $-1954.1M.

Six news items are listed in the recent catalysts section, all from the same Google News RSS feed and all tagged with a YELLOW light and MARKET WIRE impact label. The headlines are: a Yahoo! Finance Canada stock page, an Investing.com piece asking why the stock is surging, a StockInvest.us price forecast, a Seeking Alpha piece titled with an "upside catalyst" framing tied to deliveries and margins, a Benzinga quote page, and another Yahoo! Finance Canada quote page. The summaries are generic and do not provide specific catalyst details. Per the butterfly supply-chain graph, no supply-chain links or proprietary signals are recorded. Risk watch items supported by the source data are the negative operating and free-cash-flow figures in the SEC financials and the RQD pillar scores.

Per the Butterfly Supply-Chain Graph, the supply chain is recorded as NONE, with no butterfly links and no proprietary signals. Upstream and downstream dependency detail is therefore not available in source data. Sector classification (Consumer Discretionary, Auto Manufacturing) is the only sector-level context provided. Investors would need supply-chain and customer-concentration data to assess second-order bottlenecks, which the source data does not contain.

• What drove the FY 2025 swing from positive to negative operating income, and is the decline in revenue tied to a specific product or market?
• Why does the SEC financials table report net income as $0.0M and EPS as N/A across all three periods, and what is the true bottom-line profitability?
• What explains the gap between the -17.95% FCF yield and the reported FCF figures, and how is that yield calculated?
• Who holds the stock and how have institutional, insider, and Congressional positions changed, given the holder data is absent?
• What is the analyst consensus and price target range, given the analyst data is absent?