Hesai Group (HSAI)
NASDAQ: HSAI · Real-Time Price · USD
13.91
-0.75 (-5.12%)
Nov 12, 2026, 10:31 AM EST - Market open

Hesai Group Financials Overview

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
3,6103,0282,0771,8771,203720.77
Revenue Growth
31.43%45.76%10.66%56.07%66.86%73.46%
Gross Profit
1,4601,265884.59661.38471.99381.8
Operating Income
-32.49-21.93-408.23-629.04-378.22-265.29
Net Income
322.83435.88-102.38-475.97-747.18-2,456
Earnings Per Share
1.992.98-0.79-3.81-6.47-23.39
EPS Growth
-35.98%-----

Revenue by Segment

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue from Light Detection and Ranging (LiDAR) Products
3,2592,9731,9471,7351,122685.33
Total Other Product Revenues
7.889.5819.2629.6429.6320.73
Engineering Design, Development and Validation Service and Solution
-36.12100.29100.4943.114.03
Other Service Revenues
5.828.5410.8311.617.70.68
Revenue (Total)
3,3373,0282,0771,8771,203720.77

Cash & Debt

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
6,9934,7653,2123,1631,8712,801
Total Debt
974.73849.28729.16551.9963.59-
Net Cash (Debt)
6,0183,9162,4832,6111,8082,801
Net Cash Growth
-7.83%57.71%-4.89%44.43%-35.47%210.30%
Net Cash Per Share
36.8726.7419.2220.9215.6526.68

Cash Flow & CapEx

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-116.9963.557.26-696.02-228.39
Capital Expenditures
--309.37-259.54-406.75-231.21-220.1
Free Cash Flow
--192.38-196.04-349.49-927.23-448.48
Free Cash Flow Growth
------

Margins

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
40.44%41.79%42.59%35.24%39.25%52.97%
Operating Margin
-0.90%-0.72%-19.65%-33.51%-31.45%-36.81%
Pretax Margin
9.03%15.42%-4.87%-25.32%-25.01%-34.12%
Profit Margin
8.94%14.40%-4.93%-25.36%-62.13%-340.77%
FCF Margin
--6.35%-9.44%-18.62%-77.10%-62.22%

Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
46.9056.12----
Forward PE
21.2034.44146.15297.72--
PS Ratio
4.268.086.194.23--