In this work, the “downward‐upward‐downward” stability trend of a series light lanthanide (Ln, from La to Gd) complexes with N,N,N′,N′‐tetrakis[(6‐carboxypyridin‐2‐yl)methyl] ethylene‐diamine (TPAEN) were theoretically investigated using density functional theory (DFT). TPSSh/SC‐ECP method which can better reproducing sample Eu‐TPAEN complex’ experimental geometrical structural data was selected to investigate the bonding nature, bonding strength and thermodynamic properties of these Ln‐complexes. Based on our calculations, weak partial covalent character exists in Ce−O, Pr−O, and Nd−O bonds, does not induce more stable properties but break down the balance of 10‐coordinated Ln‐TPAEN structures, and lead to the suddenly decreasing of stability from La‐TPAEN to Ce‐TPAEN. Besides, the special “capsule‐shaped” structure, steric effect, and the balance between strength changing of Ln‐Npy (Npy is the nitrogen atom at the pyridine ring), Ln‐Nam (Nam is the nitrogen atom at the amine chain) and Ln−O interactions along the studied light Ln‐complexes might be key factors for the following “upward‐downward” stability trend from Ce to Gd. Our studies may give a reasonable explanation for the “downward‐upward‐downward” stability trend of the studied systems. We hope this work can shed light for the future lanthanide separation reagent designing.