Hesai Group (HSAI) Financials

$20.25 +0.23 (+1.15%)

Closing price 04:00 PM Eastern

Extended Trading

$20.23 -0.02 (-0.08%)

As of 07:59 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	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-16	-385	-108	-67	-14	62
Consolidated Net Income / (Loss)	-16	-38	-44	-67	-14	62
Net Income / (Loss) Continuing Operations	-16	-38	-44	-67	-14	62
Total Pre-Tax Income	-17	-39	-44	-67	-14	67
Total Operating Income	-16	-42	-55	-81	-28	24
Total Gross Profit	37	60	68	93	121	181
Total Revenue	64	113	174	264	285	433
Operating Revenue	64	113	174	264	285	433
Total Cost of Revenue	27	53	106	171	163	252
Operating Cost of Revenue	27	53	106	171	163	252
Total Operating Expenses	52	102	123	174	149	157
Selling, General & Admin Expense	12	37	29	45	43	41
Marketing Expense	7.68	11	15	21	26	27
Research & Development Expense	35	58	80	111	117	114
Other Operating Expenses / (Income)	-2.37	-4.29	-1.57	-3.74	-38	-26
Total Other Income / (Expense), net	-0.86	3.05	11	14	14	43
Interest Expense	-	0.00	0.00	0.43	1.76	2.71
Interest & Investment Income	3.22	5.11	8.52	14	14	19
Other Income / (Expense), net	-4.08	-2.06	2.71	-0.06	1.66	27
Income Tax Expense	-0.03	-0.17	-0.01	0.09	0.15	4.41
Other Gains / (Losses), net	-0.00	-0.01	-0.01	-0.01	-0.00	-0.01
Basic Earnings per Share	($1.19)	($23.39)	($0.94)	($0.54)	($0.11)	$0.45
Weighted Average Basic Shares Outstanding	89.90M	104.99M	115.53M	124.78M	129.19M	139.15M
Diluted Earnings per Share	($1.19)	($23.39)	($0.94)	($0.54)	($0.11)	$0.43
Weighted Average Diluted Shares Outstanding	89.90M	104.99M	115.53M	124.78M	129.19M	146.44M
Weighted Average Basic & Diluted Shares Outstanding	-	-	115.53M	129.66M	131.16M	312.29M

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	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	23	31	64	83	174	-156
Net Cash From Operating Activities	-54	-36	-101	8.07	8.70	17
Net Cash From Continuing Operating Activities	-54	-36	-101	8.07	8.70	17
Net Income / (Loss) Continuing Operations	-16	-38	-44	-67	-14	62
Consolidated Net Income / (Loss)	-16	-38	-44	-67	-14	62
Depreciation Expense	2.96	4.43	7.78	12	18	18
Non-Cash Adjustments To Reconcile Net Income	-1.41	13	31	47	17	23
Changes in Operating Assets and Liabilities, net	-39	-15	-96	16	-13	-86
Net Cash From Investing Activities	28	-311	162	-149	131	-794
Net Cash From Continuing Investing Activities	28	-311	162	-149	131	-794
Purchase of Property, Plant & Equipment	-10	-35	-34	-57	-36	-44
Acquisitions	-1.63	-2.87	-1.33	-8.79	-1.62	-4.69
Purchase of Investments	-308	-755	-815	-718	-349	-937
Sale of Property, Plant & Equipment	0.00	0.00	-	0.00	0.00	0.60
Divestitures	-	0.00	0.00	2.03	0.00	5.29
Sale and/or Maturity of Investments	347	489	1,012	631	517	185
Other Investing Activities, net	0.00	-6.78	0.00	2.24	0.00	0.00
Net Cash From Financing Activities	50	377	2.20	224	34	621
Net Cash From Continuing Financing Activities	50	377	2.20	224	34	621
Repayment of Debt	-	-	0.00	0.00	-19	-50
Repurchase of Common Equity	0.00	0.00	-0.48	-3.22	0.00	-6.25
Payment of Dividends	0.00	-80	0.00	-2.47	0.00	-42
Issuance of Debt	0.00	306	2.68	53	49	66
Issuance of Common Equity	49	71	0.00	173	0.00	608
Other Financing Activities, net	0.97	80	0.00	4.03	4.68	46
Cash Interest Paid	0.00	0.00	0.00	0.43	1.10	2.72
Cash Income Taxes Paid	-1.33	0.03	-0.18	0.00	0.06	0.50

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	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	620	557	798	821	1,610
Total Current Assets	548	455	619	642	1,011
Cash & Equivalents	71	132	219	389	238
Restricted Cash	-	0.00	0.50	0.49	0.57
Short-Term Investments	368	137	223	50	442
Note & Lease Receivable	-	0.00	0.00	3.06	14
Accounts Receivable	14	73	75	105	180
Inventories, net	59	94	70	66	96
Prepaid Expenses	14	18	29	27	40
Other Current Assets	23	-	2.77	1.36	0.00
Plant, Property, & Equipment, net	50	73	0.00	0.00	0.00
Total Noncurrent Assets	22	29	178	179	599
Long-Term Investments	0.30	4.62	4.48	4.36	398
Intangible Assets	3.07	2.99	11	10	14
Other Noncurrent Operating Assets	18	21	163	164	188
Total Liabilities & Shareholders' Equity	620	557	798	821	1,610
Total Liabilities	142	145	254	282	329
Total Current Liabilities	140	139	188	223	271
Short-Term Debt	-	0.00	16	47	64
Accounts Payable	60	30	38	47	85
Accrued Expenses	60	54	74	77	94
Current Deferred & Payable Income Tax Liabilities	-	-	-	0.00	3.88
Other Current Liabilities	19	54	60	52	24
Total Noncurrent Liabilities	1.63	6.11	66	59	58
Long-Term Debt	0.00	2.68	40	37	40
Other Noncurrent Operating Liabilities	1.56	3.37	25	22	18
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-391	-456	544	539	1,281
Total Preferred & Common Equity	-391	-456	544	539	1,281
Total Common Equity	-391	-456	544	539	1,281
Common Stock	0.01	0.01	1,046	1,038	1,705
Retained Earnings	-343	-411	-466	-467	-425
Accumulated Other Comprehensive Income / (Loss)	1.33	-0.52	5.41	7.81	0.93
Other Equity Adjustments	-49	-45	-41	-40	0.00

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	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	312,290,334.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	312,290,334.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	0.20
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	76.98%	54.17%	51.61%	7.64%	52.14%
EBITDA Growth	0.00%	-133.94%	-12.95%	-54.26%	87.79%	920.11%
EBIT Growth	0.00%	-121.36%	-19.30%	-54.56%	67.21%	292.44%
NOPAT Growth	0.00%	-165.84%	-31.73%	-46.81%	65.13%	214.69%
Net Income Growth	0.00%	-132.98%	-13.50%	-53.73%	79.08%	544.41%
EPS Growth	0.00%	-1,865.55%	95.99%	42.80%	79.84%	493.81%
Operating Cash Flow Growth	0.00%	33.81%	-181.57%	107.99%	7.87%	92.29%
Free Cash Flow Firm Growth	0.00%	0.00%	-100.28%	50.63%	32.22%	-125.50%
Invested Capital Growth	0.00%	0.00%	250.04%	8.65%	17.54%	70.90%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	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%	0.00%
EPS Q/Q Growth	0.00%	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%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	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%	0.00%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	57.50%	52.97%	39.24%	35.24%	42.59%	41.79%
EBITDA Margin	-26.26%	-34.71%	-25.43%	-25.88%	-2.94%	15.83%
Operating Margin	-24.50%	-36.81%	-31.45%	-30.45%	-9.86%	5.57%
EBIT Margin	-30.89%	-38.63%	-29.89%	-30.47%	-9.28%	11.74%
Profit (Net Income) Margin	-25.80%	-33.97%	-25.01%	-25.36%	-4.93%	14.40%
Tax Burden Percent	99.82%	99.58%	99.99%	100.15%	101.13%	93.38%
Interest Burden Percent	83.70%	88.30%	83.66%	83.09%	52.50%	131.31%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	6.61%
Return on Invested Capital (ROIC)	0.00%	-145.18%	-42.49%	-38.44%	-11.83%	9.27%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-140.95%	-41.02%	-35.22%	-13.33%	3.30%
Return on Net Nonoperating Assets (RNNOA)	0.00%	129.12%	32.70%	24.42%	9.24%	-2.42%
Return on Equity (ROE)	0.00%	-16.06%	-9.79%	-14.02%	-2.59%	6.85%
Cash Return on Invested Capital (CROIC)	0.00%	-345.18%	-153.61%	-46.73%	-27.96%	-43.07%
Operating Return on Assets (OROA)	0.00%	-7.04%	-8.86%	-11.90%	-3.26%	4.18%
Return on Assets (ROA)	0.00%	-6.19%	-7.41%	-9.90%	-1.73%	5.13%
Return on Common Equity (ROCE)	0.00%	13.11%	9.31%	-1.29%	-2.59%	6.85%
Return on Equity Simple (ROE_SIMPLE)	0.00%	9.83%	9.56%	-12.32%	-2.60%	0.00%
Net Operating Profit after Tax (NOPAT)	-11	-29	-38	-56	-20	23
NOPAT Margin	-17.15%	-25.76%	-22.01%	-21.32%	-6.91%	5.21%
Net Nonoperating Expense Percent (NNEP)	0.00%	-4.23%	-1.47%	-3.22%	1.50%	5.97%
Return On Investment Capital (ROIC_SIMPLE)	-	-	8.47%	-9.39%	-3.15%	1.63%
Cost of Revenue to Revenue	42.50%	47.03%	60.76%	64.76%	57.41%	58.21%
SG&A Expenses to Revenue	18.42%	32.84%	16.71%	17.06%	15.26%	9.54%
R&D to Revenue	55.27%	51.12%	46.16%	42.12%	41.19%	26.32%
Operating Expenses to Revenue	82.00%	89.78%	70.69%	65.69%	52.45%	36.21%
Earnings before Interest and Taxes (EBIT)	-20	-44	-52	-81	-26	51
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-17	-39	-44	-68	-8.36	69
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	1.89	3.33	2.29
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	1.93	3.39	2.32
Price to Revenue (P/Rev)	2.97	1.68	1.09	3.89	6.30	6.79
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	47.14
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	2.12%
Enterprise Value to Invested Capital (EV/IC)	0.00	15.47	5.60	4.18	7.98	6.40
Enterprise Value to Revenue (EV/Rev)	0.00	5.49	4.51	2.41	5.03	4.54
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	28.65
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	38.63
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	87.13
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	79.12	164.68	117.38
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	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	0.08
Long-Term Debt to Equity	0.00	0.00	0.01	0.07	0.07	0.03
Financial Leverage	0.00	-0.92	-0.80	-0.69	-0.69	-0.73
Leverage Ratio	0.00	1.30	1.32	1.42	1.49	1.34
Compound Leverage Factor	0.00	1.14	1.11	1.18	0.78	1.75
Debt to Total Capital	0.00%	0.00%	0.65%	9.33%	13.52%	7.51%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	2.62%	7.59%	4.63%
Long-Term Debt to Total Capital	0.00%	0.00%	0.65%	6.71%	5.93%	2.88%
Preferred Equity to Total Capital	0.00%	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%	0.00%
Common Equity to Total Capital	0.00%	-81.67%	-109.96%	90.67%	86.48%	92.49%
Debt to EBITDA	0.00	0.00	-0.06	-0.82	-10.08	1.52
Net Debt to EBITDA	0.00	0.00	6.12	5.72	42.98	-14.22
Long-Term Debt to EBITDA	0.00	0.00	-0.06	-0.59	-4.42	0.58
Debt to NOPAT	0.00	0.00	-0.07	-0.99	-4.29	4.61
Net Debt to NOPAT	0.00	0.00	7.07	6.94	18.28	-43.24
Long-Term Debt to NOPAT	0.00	0.00	-0.07	-0.71	-1.88	1.77
Altman Z-Score	0.00	0.77	0.44	2.27	3.87	5.91
Noncontrolling Interest Sharing Ratio	0.00%	181.67%	195.09%	90.80%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	0.00	3.92	3.28	3.29	2.87	3.73
Quick Ratio	0.00	3.23	2.47	2.75	2.45	3.22
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-69	-139	-69	-46	-105
Operating Cash Flow to CapEx	-533.51%	-103.78%	-301.03%	14.08%	24.47%	38.34%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	-158.48	-26.42	-38.69
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	18.66	4.95	6.18
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	-113.88	-15.28	-9.94
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.00	0.18	0.30	0.39	0.35	0.36
Accounts Receivable Turnover	0.00	8.07	4.01	3.58	3.16	3.03
Inventory Turnover	0.00	0.90	1.39	2.09	2.40	3.11
Fixed Asset Turnover	0.00	2.24	2.82	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.88	2.35	5.04	3.83	3.82
Days Sales Outstanding (DSO)	0.00	45.25	90.95	101.83	115.52	120.56
Days Inventory Outstanding (DIO)	0.00	405.13	263.27	174.41	151.80	117.25
Days Payable Outstanding (DPO)	0.00	414.31	155.64	72.39	95.19	95.58
Cash Conversion Cycle (CCC)	0.00	36.07	198.59	203.85	172.13	142.23
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	0.00	40	141	153	179	307
Invested Capital Turnover	0.00	5.63	1.93	1.80	1.71	1.78
Increase / (Decrease) in Invested Capital	0.00	40	100	12	27	127
Enterprise Value (EV)	0.00	621	787	638	1,433	1,964
Market Capitalization	190	190	190	1,029	1,792	2,938
Book Value per Share	$0.00	($3.72)	($3.95)	$4.71	$4.15	$9.77
Tangible Book Value per Share	$0.00	($3.76)	($3.98)	$4.61	$4.07	$9.66
Total Capital	0.00	479	415	600	623	1,385
Total Debt	0.00	0.00	2.68	56	84	104
Total Long-Term Debt	0.00	0.00	2.68	40	37	40
Net Debt	0.00	-438	-271	-391	-359	-974
Capital Expenditures (CapEx)	10	35	34	57	36	44
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-30	46	4.23	27	123
Debt-free Net Working Capital (DFNWC)	0.00	408	316	447	466	804
Net Working Capital (NWC)	0.00	408	316	431	418	740
Net Nonoperating Expense (NNE)	5.53	9.28	5.22	11	-5.63	-40
Net Nonoperating Obligations (NNO)	0.00	-438	-271	-391	-359	-974
Total Depreciation and Amortization (D&A)	2.96	4.43	7.78	12	18	18
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-26.48%	26.64%	1.60%	9.35%	28.49%
Debt-free Net Working Capital to Revenue	0.00%	360.89%	181.23%	169.11%	163.64%	185.70%
Net Working Capital to Revenue	0.00%	360.89%	181.23%	163.16%	147.01%	170.89%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($6.47)	($3.81)	($0.11)	$0.45
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	115.53M	124.78M	129.19M	139.15M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.94)	($0.54)	($0.11)	$0.43
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	115.53M	124.78M	129.19M	146.44M
Adjusted Basic & Diluted Earnings per Share	$0.00	$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	312.29M
Normalized Net Operating Profit after Tax (NOPAT)	-11	-29	-38	-56	-20	23
Normalized NOPAT Margin	-17.15%	-25.76%	-22.01%	-21.32%	-6.91%	5.21%
Pre Tax Income Margin	-25.85%	-34.11%	-25.01%	-25.32%	-4.87%	15.42%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	-186.38	-15.03	18.79
NOPAT to Interest Expense	0.00	0.00	0.00	-130.37	-11.18	8.33
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	-318.92	-35.27	2.66
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	-262.91	-31.42	-7.80
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	-207.34%	0.00%	-3.68%	0.00%	67.16%
Augmented Payout Ratio	0.00%	-207.34%	-1.10%	-8.47%	0.00%	77.18%

No quarterly metrics and ratios for Hesai Group are available.

Financials Breakdown Chart

Hesai Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Hesai Group's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Hesai Group's net income appears to be on a downward trend, with a most recent value of $62.33 million in 2025, falling from -$16.49 million in 2020. The previous period was -$14.03 million in 2024. Find out what analysts predict for Hesai Group in the coming months.

Hesai Group's total operating income in 2025 was $24.13 million, based on the following breakdown:

Total Gross Profit: $180.91 million
Total Operating Expenses: $156.77 million

Over the last 5 years, Hesai Group's total revenue changed from $63.91 million in 2020 to $432.94 million in 2025, a change of 577.4%.

Hesai Group's total liabilities were at $329.26 million at the end of 2025, a 16.8% increase from 2024, and a 132.5% increase since 2021.

In the past 4 years, Hesai Group's cash and equivalents has ranged from $70.51 million in 2021 to $388.94 million in 2024, and is currently $237.88 million as of their latest financial filing in 2025.

Over the last 5 years, Hesai Group's book value per share changed from 0.00 in 2020 to 9.77 in 2025, a change of 976.7%.

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Financial statements for NASDAQ:HSAI last updated on 4/28/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Hesai Group (HSAI) Financials

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Hesai Group Financials - Frequently Asked Questions

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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

Annual Metrics And Ratios for Hesai Group

Quarterly Metrics And Ratios for Hesai Group

Financials Breakdown Chart

Hesai Group Financials - Frequently Asked Questions

When does Hesai Group's financial year end?

How has Hesai Group's net income changed over the last 5 years?

What is Hesai Group's operating income?

How has Hesai Group's revenue changed over the last 5 years?

How much debt does Hesai Group have?

How much cash does Hesai Group have?

How has Hesai Group's book value per share changed over the last 5 years?

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