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Hesai Group (HSAI) Financials

Hesai Group logo
$17.95 -0.34 (-1.86%)
Closing price 04:00 PM Eastern
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$17.91 -0.04 (-0.22%)
As of 07:59 PM Eastern
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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 2020 2021 2022 2023 2024
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 -16 -385 -108 -67 -14
Consolidated Net Income / (Loss)		 -16 -38 -44 -67 -14
Net Income / (Loss) Continuing Operations		 -16 -38 -44 -67 -14
Total Pre-Tax Income 		-17 -39 -44 -67 -14
Total Operating Income		 -16 -42 -55 -81 -28
Total Gross Profit		 37 60 68 93 121
Total Revenue		 64 113 174 264 285
Operating Revenue		 64 113 174 264 285
Total Cost of Revenue		 27 53 106 171 163
Operating Cost of Revenue		 27 53 106 171 163
Total Operating Expenses		 52 102 123 174 149
Selling, General & Admin Expense		 12 37 29 45 43
Marketing Expense		 7.68 11 15 21 26
Research & Development Expense		 35 58 80 111 117
Other Operating Expenses / (Income)		 -2.37 -4.29 -1.57 -3.74 -38
Total Other Income / (Expense), net		 -0.86 3.05 11 14 14
Interest Expense		 - 0.00 0.00 0.43 1.76
Interest & Investment Income		 3.22 5.11 8.52 14 14
Other Income / (Expense), net		 -4.08 -2.06 2.71 -0.06 1.66
Income Tax Expense		 -0.03 -0.17 -0.01 0.09 0.15
Other Gains / (Losses), net		 -0.00 -0.01 -0.01 -0.01 -0.00
Preferred Stock Dividends Declared		 0.00 347 65 0.00 0.00
Basic Earnings per Share		 ($1.19) ($23.39) ($0.94) ($0.54) ($0.11)
Weighted Average Basic Shares Outstanding		 89.90M 104.99M 115.53M 124.78M 129.19M
Diluted Earnings per Share		 ($1.19) ($23.39) ($0.94) ($0.54) ($0.11)
Weighted Average Diluted Shares Outstanding		 89.90M 104.99M 115.53M 124.78M 129.19M
Weighted Average Basic & Diluted Shares Outstanding		 - - 115.53M 129.66M 131.16M

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

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

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

According to the most recent income statement we have on file, Hesai Group's financial year ends in December. Their financial 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 Hesai Group's forecast for analyst expectations on what’s next for the company.

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 5/5/2025 by MarketBeat.com Staff
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