Hesai Group Financial Statements
NASDAQ: HSAIIndustrialsIndustrial Machinery/ComponentsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Hesai Group revenue and earnings
In fiscal 2025, Hesai Group generated $432.9 million in revenue, up 52.1% from fiscal 2024, its 3rd consecutive year of revenue growth. Net income was $62.3 million, for a net margin of 14.4% versus a median of -25.0% in the prior 3 years. Gross margin was 41.8% (down from 42.6%) and operating margin 5.6%.
Diluted earnings per share came in at $0.43. Over the last 3 fiscal years, HSAI's revenue has grown at a 35.4% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Hesai Group income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 |
|---|---|---|---|---|
| Revenue | 432.94M | 284.57M | 264.37M | 174.37M |
| Revenue growth (YoY) | +52.14% | +7.64% | +51.61% | — |
| Cost of Revenue | 252.03M | 163.38M | 171.22M | 105.94M |
| Gross Profit | 180.91M | 121.19M | 93.15M | 68.43M |
| Operating Expenses | 156.78M | 149.26M | 173.66M | 123.27M |
| Research & Development | 113.96M | 117.22M | 111.35M | 80.49M |
| Selling, General & Admin | 68.76M | 69.86M | 66.05M | 44.34M |
| Operating Income | 24.13M | -28.07M | -80.51M | -54.84M |
| Interest Expense | 2.71M | 1.76M | 432.00K | — |
| Other Income (Expense) | 26.39M | -339.00K | 5.00K | -313.00K |
| Pretax Income | 66.75M | -13.87M | -66.94M | -43.61M |
| Income Tax | 4.41M | 155.00K | 93.00K | -10.00K |
| Net Income | 62.33M | -14.03M | -67.04M | -43.61M |
| Net Income growth (YoY) | — | — | — | — |
| EPS (Basic) | 0.45 | -0.11 | -0.54 | -0.94 |
| EPS (Diluted) | 0.43 | -0.11 | -0.54 | -0.94 |
| Shares Outstanding (Basic) | 139.15M | 129.19M | 124.78M | 115.53M |
| Shares Outstanding (Diluted) | 146.44M | 129.19M | 124.78M | 115.53M |
| EBITDA | 41.83M | -10.01M | -68.36M | -47.06M |
| Gross Margin | 41.79% | 42.59% | 35.24% | 39.25% |
| Operating Margin | 5.57% | -9.86% | -30.45% | -31.45% |
| Net Margin | 14.40% | -4.93% | -25.36% | -25.01% |
This table shows 4 annual periods of Hesai Group's income statement, from FY 2025 back to FY 2022, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow HSAI's reporting calendar. What is a income statement?