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Hesai Group (HSAI) Financials

Hesai Group logo
$21.26 -0.19 (-0.89%)
Closing price 05/27/2025 04:00 PM Eastern
Extended Trading
$20.70 -0.56 (-2.61%)
As of 05:44 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for Hesai Group

Annual Income Statements for Hesai Group

This table shows Hesai Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020
Net Income / (Loss) Attributable to Common Shareholders		 -14 -67 -108 -385 -16
Consolidated Net Income / (Loss)		 -14 -67 -44 -38 -16
Net Income / (Loss) Continuing Operations		 -14 -67 -44 -38 -16
Total Pre-Tax Income 		-14 -67 -44 -39 -17
Total Operating Income		 -28 -81 -55 -42 -16
Total Gross Profit		 121 93 68 60 37
Total Revenue		 285 264 174 113 64
Operating Revenue		 285 264 174 113 64
Total Cost of Revenue		 163 171 106 53 27
Operating Cost of Revenue		 163 171 106 53 27
Total Operating Expenses		 149 174 123 102 52
Selling, General & Admin Expense		 43 45 29 37 12
Marketing Expense		 26 21 15 11 7.68
Research & Development Expense		 117 111 80 58 35
Other Operating Expenses / (Income)		 -38 -3.74 -1.57 -4.29 -2.37
Total Other Income / (Expense), net		 14 14 11 3.05 -0.86
Interest Expense		 1.76 0.43 0.00 0.00 -
Interest & Investment Income		 14 14 8.52 5.11 3.22
Other Income / (Expense), net		 1.66 -0.06 2.71 -2.06 -4.08
Income Tax Expense		 0.15 0.09 -0.01 -0.17 -0.03
Other Gains / (Losses), net		 -0.00 -0.01 -0.01 -0.01 -0.00
Preferred Stock Dividends Declared		 0.00 0.00 65 347 0.00
Basic Earnings per Share		 ($0.11) ($0.54) ($0.94) ($23.39) ($1.19)
Weighted Average Basic Shares Outstanding		 129.19M 124.78M 115.53M 104.99M 89.90M
Diluted Earnings per Share		 ($0.11) ($0.54) ($0.94) ($23.39) ($1.19)
Weighted Average Diluted Shares Outstanding		 129.19M 124.78M 115.53M 104.99M 89.90M
Weighted Average Basic & Diluted Shares Outstanding		 131.16M 129.66M 115.53M - -

Quarterly Income Statements for Hesai Group

No quarterly income statements for Hesai Group are available.

Annual Cash Flow Statements for Hesai Group

This table details how cash moves in and out of Hesai Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020
Net Change in Cash & Equivalents		 174 83 64 31 23
Net Cash From Operating Activities		 8.70 8.07 -101 -36 -54
Net Cash From Continuing Operating Activities		 8.70 8.07 -101 -36 -54
Net Income / (Loss) Continuing Operations		 -14 -67 -44 -38 -16
Consolidated Net Income / (Loss)		 -14 -67 -44 -38 -16
Depreciation Expense		 18 12 7.78 4.43 2.96
Non-Cash Adjustments To Reconcile Net Income		 17 47 31 13 -1.41
Changes in Operating Assets and Liabilities, net		 -13 16 -96 -15 -39
Net Cash From Investing Activities		 131 -149 162 -311 28
Net Cash From Continuing Investing Activities		 131 -149 162 -311 28
Purchase of Property, Plant & Equipment		 -36 -57 -34 -35 -10
Acquisitions		 -1.62 -8.79 -1.33 -2.87 -1.63
Purchase of Investments		 -349 -718 -815 -755 -308
Divestitures		 0.00 2.03 0.00 0.00 -
Sale and/or Maturity of Investments		 517 631 1,012 489 347
Other Investing Activities, net		 0.00 2.24 0.00 -6.78 0.00
Net Cash From Financing Activities		 34 224 2.20 377 50
Net Cash From Continuing Financing Activities		 34 224 2.20 377 50
Repayment of Debt		 -19 0.00 0.00 - -
Repurchase of Common Equity		 0.00 -3.22 -0.48 0.00 0.00
Payment of Dividends		 0.00 -2.47 0.00 -80 0.00
Issuance of Debt		 49 53 2.68 306 0.00
Issuance of Common Equity		 0.00 173 0.00 71 49
Other Financing Activities, net		 4.68 4.03 0.00 80 0.97
Cash Interest Paid		 1.10 0.43 0.00 0.00 0.00
Cash Income Taxes Paid		 0.06 0.00 -0.18 0.03 -1.33

Quarterly Cash Flow Statements for Hesai Group

No quarterly cash flow statements for Hesai Group are available.

Annual Balance Sheets for Hesai Group

This table presents Hesai Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021
Total Assets		 821 798 557 620
Total Current Assets		 642 619 455 548
Cash & Equivalents		 389 219 132 71
Restricted Cash		 0.49 0.50 0.00 -
Short-Term Investments		 50 223 137 368
Note & Lease Receivable		 3.06 0.00 0.00 -
Accounts Receivable		 105 75 73 14
Inventories, net		 66 70 94 59
Prepaid Expenses		 27 29 18 14
Other Current Assets		 1.36 2.77 - 23
Plant, Property, & Equipment, net		 0.00 0.00 73 50
Total Noncurrent Assets		 179 178 29 22
Long-Term Investments		 4.36 4.48 4.62 0.30
Intangible Assets		 10 11 2.99 3.07
Other Noncurrent Operating Assets		 164 163 21 18
Total Liabilities & Shareholders' Equity		 821 798 557 620
Total Liabilities		 282 254 145 142
Total Current Liabilities		 223 188 139 140
Short-Term Debt		 47 16 0.00 -
Accounts Payable		 47 38 30 60
Accrued Expenses		 77 74 54 60
Other Current Liabilities		 52 60 54 19
Total Noncurrent Liabilities		 59 66 6.11 1.63
Long-Term Debt		 37 40 2.68 0.00
Other Noncurrent Operating Liabilities		 22 25 3.37 1.56
Commitments & Contingencies		 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 539 544 -456 -391
Total Preferred & Common Equity		 539 544 -456 -391
Total Common Equity		 539 544 -456 -391
Common Stock		 1,038 1,046 0.01 0.01
Retained Earnings		 -467 -466 -411 -343
Accumulated Other Comprehensive Income / (Loss)		 7.81 5.41 -0.52 1.33
Other Equity Adjustments		 -40 -41 -45 -49

Quarterly Balance Sheets for Hesai Group

No quarterly balance sheets for Hesai Group are available.

Annual Metrics And Ratios for Hesai Group

This table displays calculated financial ratios and metrics derived from Hesai Group's official financial filings.

Metric 2024 2023 2022 2021 2020
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020
Growth Metrics		 - - - - -
Revenue Growth		 7.64% 51.61% 54.17% 76.98% 0.00%
EBITDA Growth		 87.79% -54.26% -12.95% -133.94% 0.00%
EBIT Growth		 67.21% -54.56% -19.30% -121.36% 0.00%
NOPAT Growth		 65.13% -46.81% -31.73% -165.84% 0.00%
Net Income Growth		 79.08% -53.73% -13.50% -132.98% 0.00%
EPS Growth		 79.84% 42.80% 95.99% -1,865.55% 0.00%
Operating Cash Flow Growth		 7.87% 107.99% -181.57% 33.81% 0.00%
Free Cash Flow Firm Growth		 32.22% 50.63% -100.28% 0.00% 0.00%
Invested Capital Growth		 17.54% 8.65% 250.04% 0.00% 0.00%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - -
Gross Margin		 42.59% 35.24% 39.24% 52.97% 57.50%
EBITDA Margin		 -2.94% -25.88% -25.43% -34.71% -26.26%
Operating Margin		 -9.86% -30.45% -31.45% -36.81% -24.50%
EBIT Margin		 -9.28% -30.47% -29.89% -38.63% -30.89%
Profit (Net Income) Margin		 -4.93% -25.36% -25.01% -33.97% -25.80%
Tax Burden Percent		 101.13% 100.15% 99.99% 99.58% 99.82%
Interest Burden Percent		 52.50% 83.09% 83.66% 88.30% 83.70%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -11.83% -38.44% -42.49% -145.18% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 -13.33% -35.22% -41.02% -140.95% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 9.24% 24.42% 32.70% 129.12% 0.00%
Return on Equity (ROE)		 -2.59% -14.02% -9.79% -16.06% 0.00%
Cash Return on Invested Capital (CROIC)		 -27.96% -46.73% -153.61% -345.18% 0.00%
Operating Return on Assets (OROA)		 -3.26% -11.90% -8.86% -7.04% 0.00%
Return on Assets (ROA)		 -1.73% -9.90% -7.41% -6.19% 0.00%
Return on Common Equity (ROCE)		 -2.59% -1.29% 9.31% 13.11% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 -2.60% -12.32% 9.56% 9.83% 0.00%
Net Operating Profit after Tax (NOPAT)		 -20 -56 -38 -29 -11
NOPAT Margin		 -6.91% -21.32% -22.01% -25.76% -17.15%
Net Nonoperating Expense Percent (NNEP)		 1.50% -3.22% -1.47% -4.23% 0.00%
Return On Investment Capital (ROIC_SIMPLE)		 -3.15% -9.39% 8.47% - -
Cost of Revenue to Revenue		 57.41% 64.76% 60.76% 47.03% 42.50%
SG&A Expenses to Revenue		 15.26% 17.06% 16.71% 32.84% 18.42%
R&D to Revenue		 41.19% 42.12% 46.16% 51.12% 55.27%
Operating Expenses to Revenue		 52.45% 65.69% 70.69% 89.78% 82.00%
Earnings before Interest and Taxes (EBIT)		 -26 -81 -52 -44 -20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -8.36 -68 -44 -39 -17
Valuation Ratios		 - - - - -
Price to Book Value (P/BV)		 3.33 1.89 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 3.39 1.93 0.00 0.00 0.00
Price to Revenue (P/Rev)		 6.30 3.89 1.09 1.68 2.97
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 7.98 4.18 5.60 15.47 0.00
Enterprise Value to Revenue (EV/Rev)		 5.03 2.41 4.51 5.49 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 164.68 79.12 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - -
Debt to Equity		 0.16 0.10 0.01 0.00 0.00
Long-Term Debt to Equity		 0.07 0.07 0.01 0.00 0.00
Financial Leverage		 -0.69 -0.69 -0.80 -0.92 0.00
Leverage Ratio		 1.49 1.42 1.32 1.30 0.00
Compound Leverage Factor		 0.78 1.18 1.11 1.14 0.00
Debt to Total Capital		 13.52% 9.33% 0.65% 0.00% 0.00%
Short-Term Debt to Total Capital		 7.59% 2.62% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 5.93% 6.71% 0.65% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 209.32% 181.67% 0.00%
Common Equity to Total Capital		 86.48% 90.67% -109.96% -81.67% 0.00%
Debt to EBITDA		 -10.08 -0.82 -0.06 0.00 0.00
Net Debt to EBITDA		 42.98 5.72 6.12 0.00 0.00
Long-Term Debt to EBITDA		 -4.42 -0.59 -0.06 0.00 0.00
Debt to NOPAT		 -4.29 -0.99 -0.07 0.00 0.00
Net Debt to NOPAT		 18.28 6.94 7.07 0.00 0.00
Long-Term Debt to NOPAT		 -1.88 -0.71 -0.07 0.00 0.00
Altman Z-Score		 3.87 2.27 0.44 0.77 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 90.80% 195.09% 181.67% 0.00%
Liquidity Ratios		 - - - - -
Current Ratio		 2.87 3.29 3.28 3.92 0.00
Quick Ratio		 2.45 2.75 2.47 3.23 0.00
Cash Flow Metrics		 - - - - -
Free Cash Flow to Firm (FCFF)		 -46 -69 -139 -69 0.00
Operating Cash Flow to CapEx		 24.47% 14.08% -301.03% -103.78% -533.51%
Free Cash Flow to Firm to Interest Expense		 -26.42 -158.48 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 4.95 18.66 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -15.28 -113.88 0.00 0.00 0.00
Efficiency Ratios		 - - - - -
Asset Turnover		 0.35 0.39 0.30 0.18 0.00
Accounts Receivable Turnover		 3.16 3.58 4.01 8.07 0.00
Inventory Turnover		 2.40 2.09 1.39 0.90 0.00
Fixed Asset Turnover		 0.00 0.00 2.82 2.24 0.00
Accounts Payable Turnover		 3.83 5.04 2.35 0.88 0.00
Days Sales Outstanding (DSO)		 115.52 101.83 90.95 45.25 0.00
Days Inventory Outstanding (DIO)		 151.80 174.41 263.27 405.13 0.00
Days Payable Outstanding (DPO)		 95.19 72.39 155.64 414.31 0.00
Cash Conversion Cycle (CCC)		 172.13 203.85 198.59 36.07 0.00
Capital & Investment Metrics		 - - - - -
Invested Capital		 179 153 141 40 0.00
Invested Capital Turnover		 1.71 1.80 1.93 5.63 0.00
Increase / (Decrease) in Invested Capital		 27 12 100 40 0.00
Enterprise Value (EV)		 1,433 638 787 621 0.00
Market Capitalization		 1,792 1,029 190 190 190
Book Value per Share		 $4.15 $4.71 ($3.95) ($3.72) $0.00
Tangible Book Value per Share		 $4.07 $4.61 ($3.98) ($3.76) $0.00
Total Capital		 623 600 415 479 0.00
Total Debt		 84 56 2.68 0.00 0.00
Total Long-Term Debt		 37 40 2.68 0.00 0.00
Net Debt		 -359 -391 -271 -438 0.00
Capital Expenditures (CapEx)		 36 57 34 35 10
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 27 4.23 46 -30 0.00
Debt-free Net Working Capital (DFNWC)		 466 447 316 408 0.00
Net Working Capital (NWC)		 418 431 316 408 0.00
Net Nonoperating Expense (NNE)		 -5.63 11 5.22 9.28 5.53
Net Nonoperating Obligations (NNO)		 -359 -391 -271 -438 0.00
Total Depreciation and Amortization (D&A)		 18 12 7.78 4.43 2.96
Debt-free, Cash-free Net Working Capital to Revenue		 9.35% 1.60% 26.64% -26.48% 0.00%
Debt-free Net Working Capital to Revenue		 163.64% 169.11% 181.23% 360.89% 0.00%
Net Working Capital to Revenue		 147.01% 163.16% 181.23% 360.89% 0.00%
Earnings Adjustments		 - - - - -
Adjusted Basic Earnings per Share		 ($0.11) ($3.81) ($6.47) $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 129.19M 124.78M 115.53M 0.00 0.00
Adjusted Diluted Earnings per Share		 ($0.11) ($0.54) ($0.94) $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 129.19M 124.78M 115.53M 0.00 0.00
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 131.16M 129.66M 115.53M 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 -20 -56 -38 -29 -11
Normalized NOPAT Margin		 -6.91% -21.32% -22.01% -25.76% -17.15%
Pre Tax Income Margin		 -4.87% -25.32% -25.01% -34.11% -25.85%
Debt Service Ratios		 - - - - -
EBIT to Interest Expense		 -15.03 -186.38 0.00 0.00 0.00
NOPAT to Interest Expense		 -11.18 -130.37 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 -35.27 -318.92 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 -31.42 -262.91 0.00 0.00 0.00
Payout Ratios		 - - - - -
Dividend Payout Ratio		 0.00% -3.68% 0.00% -207.34% 0.00%
Augmented Payout Ratio		 0.00% -8.47% -1.10% -207.34% 0.00%

Quarterly Metrics And Ratios for Hesai Group

No quarterly metrics and ratios for Hesai Group are available.

Frequently Asked Questions About Hesai Group's Financials

When does Hesai Group's financial year end?

According to the most recent income statement we have on file, Hesai Group's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Hesai Group's net income changed over the last 4 years?

Hesai Group's net income appears to be on an upward trend, with a most recent value of -$14.03 million in 2024, falling from -$16.49 million in 2020. The previous period was -$67.04 million in 2023. See where experts think Hesai Group is headed by visiting Hesai Group's forecast page.

What is Hesai Group's operating income?
Hesai Group's total operating income in 2024 was -$28.07 million, based on the following breakdown:
  • Total Gross Profit: $121.19 million
  • Total Operating Expenses: $149.26 million
How has Hesai Group revenue changed over the last 4 years?

Over the last 4 years, Hesai Group's total revenue changed from $63.91 million in 2020 to $284.57 million in 2024, a change of 345.3%.

How much debt does Hesai Group have?

Hesai Group's total liabilities were at $281.93 million at the end of 2024, a 11.2% increase from 2023, and a 99.1% increase since 2021.

How much cash does Hesai Group have?

In the past 3 years, Hesai Group's cash and equivalents has ranged from $70.51 million in 2021 to $388.94 million in 2024, and is currently $388.94 million as of their latest financial filing in 2024.

How has Hesai Group's book value per share changed over the last 4 years?

Over the last 4 years, Hesai Group's book value per share changed from 0.00 in 2020 to 4.15 in 2024, a change of 415.4%.


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This page (NASDAQ:HSAI) was last updated on 5/28/2025 by MarketBeat.com Staff
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