Hesai Group

Hesai Group

HSAI
Hesai GroupUS flagNASDAQ Global Select
20.78
USD
-0.88
- -
2.70BMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.77
3.15
6.87
9.58
15.04
16.08
21.76
21.91
Basic EPS, GAAP
-1.4
-0.81
-23.39
-5.95
-3.81
-0.79
3.13
3.25
Free Cash Flow per Basic Share
0.05
-3.25
-4.86
-7.46
-2.86
-1.61
-1.62
- -
Dividend per Share
- -
- -
4.84
- -
0.14
- -
2.1
- -
Book Value per Share
-1.36
-0.42
-20.85
-22.55
-26.5
-26.39
-21.37
-20.34
Tangible Book Value per Share
7.3
8.48
28.43
22.11
29.99
29.53
63.42
60.53
Basic Weighted Avg Shares
126
132
105
126
125
129
139
145
Sales/Revenue/Turnover
348
416
721
1,203
1,877
2,077
3,028
3,183
Operating Margin (%)
3.46
-24.5
-36.81
-31.45
-30.78
-19.65
4.08
4.66
Depreciation Expense
10
19
28
54
86
132
124
- -
Net Income, GAAP
-120
-107
-245
-301
-476
-102
436
472
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
6.61
6.15
Profit Margin (%)
-34.54
-25.8
-33.97
-25.01
-25.36
-4.93
14.4
14.82
Working Capital
899
1,042
2,601
2,180
3,063
3,054
5,174
6,357
LT Debt
- -
- -
- -
29
405
368
364
335
Total Equity
929
1,137
3,050
2,842
3,862
3,932
8,959
8,926
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
1.58
1.87
Return on Capital (%)
- -
- -
- -
- -
- -
- -
-19.53
-20.8
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
594
635
628
LT Borrowings
315
279
258
LT Finance Leases
72
86
77
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
156
156
156
Market Capitalization
26,547
21,793
19,166

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
9,525
7,069
7,957
Cash, Cash Equivalents & STI
7,365
4,755
5,717
Accounts Receivable, Net
1,126
1,262
950
Inventories
643
670
722
Total Current Liabilities
1,655
1,895
1,600
Payables & Accruals
1,022
1,237
948
ST Debt
594
635
628
Deferred Revenue
39
21
24

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
65.39%
127.86%
Free Cash Flow
- -
1.46%
8.35%
Net Income, GAAP
- -
-78.96%
-525.76%
Sales/Revenue/Turnover
- -
50.56%
45.76%
Total Cash Common Dividend
- -
- -
1,572.12%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
359
459
539
720
2,077
2025
525
706
795
1,000
3,028
2026
681
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.84
-0.56
-0.54
1.13
-0.79
2025
-0.13
0.33
1.88
0.98
3.13
2026
0.12
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
2.1
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Yifan Li
Full Time Employees
1,142
Sector
Consumer Cyclical
Industry
Auto - Parts
Address
Building L2-B Shanghai People's Republic of China 201702
IPO Date
Feb 9, 2023
Business
Hesai Group (NASDAQ: HSAI; HKEX: 2525) develops, manufactures and sells three-dimensional light detection and ranging (LiDAR) solutions and related products including gas detection sensors; its core LiDAR offerings encompass automotive-grade long-range models such as the AT series (AT1440/360, AT128, ATX), ET series (ETX), OT series (OT128), fully solid-state short-range FT series (FTX), mid-range XT series (XT32M/32/16), mini 360° JT series (JT16, JT128), wide-view short-range QT series (QT128) and Pandar series (Pandar128), which support advanced driver assistance systems (ADAS) in passenger and commercial vehicles, Level 4+ autonomous mobility fleets including robotaxis and robotrucks, robotics applications such as last-mile delivery and logistics robots, and industrial uses like port automation and agricultural vehicles. Founded in 2014 and headquartered in Shanghai, China, the company maintains global operations with offices in Palo Alto, California, USA; Stuttgart, Germany; and manufacturing centers including the Da Vinci Global Operations Center and Hertz and Maxwell facilities, serving customers across more than 40 countries in North America, Europe, Mainland China and other regions. Recent developments include a September 2025 $40 million exclusive LiDAR supply contract with a leading U.S. robotaxi operator for long- and short-range products through 2026, design wins for Li Auto's new-generation assisted driving platform in November 2025, achievement of 2025 profitability one quarter ahead of schedule with new supply agreements alongside Pony.ai and Hello in November 2025, surpassing 1 million units produced in 2025 by October and nearing 2 million cumulative deliveries by November, a dual-primary listing on the Hong Kong Stock Exchange raising $614 million in September 2025, and launches of advanced products like the ultra-high resolution AT512, compact ATX and next-generation OT128.

Company News

APIChat
  • Hesai Group to Hold Annual General Meeting on June 26, 2026

  • SpaceX Gets the Attention, But These 4 Stocks Could Get the Returns

  • Hesai: The Focus Is Now On Margins

  • Hesai Group (HSAI) Q1 2026 Earnings Call Transcript

  • Hesai Group Q1 Earnings Call Highlights

  • Hesai Announced as Strategic Lidar Partner and Confirmed Supplier for Mercedes-Benz L3-Enabled Models

  • Hesai Group Reports First Quarter 2026 Unaudited Financial Results

  • Hesai Group Reports First Quarter 2026 Unaudited Financial Results

  • Hesai Secures No.1 in Long-Range ADAS Lidar Shipments for Five Consecutive Years by Yole Group

  • Hesai Group to Report First Quarter 2026 Financial Results on Tuesday, May 19, 2026

  • Hesai Group Announces Filing of Annual Report on Form 20-F for Fiscal Year 2025 and Publication of 2025 Environmental, Social and Governance Report

  • Hesai Group Announces Filing of Annual Report on Form 20-F for Fiscal Year 2025 and Publication of 2025 Environmental, Social and Governance Report

  • Hesai Unveils Picasso 6D Full-Color SPAD-SoC, Next-Gen ETX, and Innovations in Spatial Intelligence and Physical AI

  • China's Hesai announces lidar sensor able to detect colour for autonomous driving

  • Hesai Group (NASDAQ:HSAI) vs. Aptiv (NYSE:APTV) Head-To-Head Analysis

  • Hesai Powers Safety-Certified AI Autonomy for Smart Logistics with 3D Lidar at MODEX 2026

  • Aberdeen Group plc Cuts Stock Holdings in Hesai Group Sponsored ADR $HSAI

  • Financial Analysis: Hesai Group (NASDAQ:HSAI) versus Visteon (NASDAQ:VC)

  • SG Americas Securities LLC Has $1.53 Million Stake in Hesai Group Sponsored ADR $HSAI

  • Hesai Group Sponsored ADR (NASDAQ:HSAI) Given Consensus Rating of “Buy” by Brokerages