HSAI
Hesai Group Sponsored ADR
NASDAQ: HSAI · CONSUMER CYCLICAL · AUTO PARTS
$22.27
-0.93% today
Updated 2026-04-29
Market cap
$3.48B
P/E ratio
50.61
P/S ratio
1.15x
EPS (TTM)
$0.44
Dividend yield
—
52W range
$15 – $31
Volume
1.9M
Hesai Group Sponsored ADR (HSAI) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $348.08M | $415.51M | $720.77M | $1.20B | $1.88B | $2.08B | $2.95B |
| Revenue growth (YoY) | — | +19.4% | +73.5% | +66.9% | +56.1% | +10.7% | +41.8% |
| Cost of revenue | $103.38M | $176.60M | $338.97M | $730.68M | $1.22B | $1.19B | $1.71B |
| Gross profit | $244.71M | $238.91M | $381.80M | $471.99M | $661.38M | $884.59M | $1.23B |
| Gross margin | 70.3% | 57.5% | 53.0% | 39.2% | 35.2% | 42.6% | 41.8% |
| R&D | $149.82M | $229.65M | $368.44M | $555.18M | $790.55M | $855.64M | $775.23M |
| SG&A | $55.11M | $76.55M | $236.71M | $201.01M | $320.14M | $316.91M | $480.82M |
| Operating income | $-148.05M | $-101.81M | $-265.29M | $-378.22M | $-571.59M | $-204.91M | $-12.32M |
| Operating margin | -42.5% | -24.5% | -36.8% | -31.4% | -30.5% | -9.9% | -0.4% |
| EBITDA | $21.77M | $-82.60M | $-217.63M | $-247.15M | $-385.93M | $-118.64M | $-12.32M |
| EBITDA margin | 6.3% | -19.9% | -30.2% | -20.6% | -20.6% | -5.7% | -0.4% |
| EBIT | $12.05M | $-101.81M | $-245.86M | $-300.79M | $-472.20M | $-204.91M | — |
| Interest expense | $281.82M | $31.30M | $6.07M | $151.88M | $3.07M | $12.83M | $18.41M |
| Income tax | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-120.22M | $-107.22M | $-244.83M | $-300.76M | $-475.97M | $-102.38M | $424.00M |
| Net income growth (YoY) | — | +10.8% | -128.3% | -22.8% | -58.3% | +78.5% | +514.2% |
| Profit margin | -34.5% | -25.8% | -34.0% | -25.0% | -25.4% | -4.9% | 14.4% |