Hesai Group (HSAI) Financials

$20.16 -0.66 (-3.17%)

Closing price 04:00 PM Eastern

Extended Trading

$20.16 +0.00 (+0.02%)

As of 07:58 PM Eastern

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	-	-

No quarterly income statements for Hesai Group are available.

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

No quarterly cash flow statements for Hesai Group are available.

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

No quarterly balance sheets for Hesai Group are available.

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%

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 5/29/2025 by MarketBeat.com Staff

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Hesai Group (HSAI) Financials

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Hesai Group (HSAI) Financials

Annual Income Statements for Hesai Group

Quarterly Income Statements for Hesai Group

Annual Cash Flow Statements for Hesai Group

Quarterly Cash Flow Statements for Hesai Group

Annual Balance Sheets for Hesai Group

Quarterly Balance Sheets for Hesai Group

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