Hesai Group HSAI
Annual
Quarterly
FY2025 · ended Dec 31, 2025 · Revenue $432.94M, +52.1% YoY · Filed Apr 24, 2026
Hesai Group (HSAI) files with the SEC under industry code 3569, General Industrial Machinery & Equipment, NEC. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $432.9 million and net income of $62.3 million. Free cash flow was -$27.5 million. As of Dec 31, 2025 it held $1.1 billion in cash and investments and $52.1 million in total debt.
Revenue
$432.94M
+52.1% vs prior year
Net income
$62.33M
+544.4% vs prior year
Operating cash flow
$16.73M
+92.3% vs prior year
Free cash flow
$-27.51M
-2.4% vs prior year
EPS
$0.43
+490.9% vs prior year
Dividend per share
None
Shares outstanding
156.15M
Net cash
$1.03B
FY 2025
Operating margin
5.6%
FY 2025
Company profile
- Industry
- General Industrial Machinery & Equipment, NEC (SIC 3569)
- Listed as
- HSAI (Nasdaq), HSIGF (OTC)
- Fiscal year ends
- December 31
- Incorporated in
- Cayman Islands
- Headquarters
- Shanghai
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1861737
Other General Industrial Machinery & Equipment, NEC companies
- Symbotic Inc. SYM
- Nordson Corp NDSN
- Regal Rexnord Corp RRX
- ESAB Corp ESAB
- Ouster, Inc. OUST
- ChronoScale Holdings Corp CHRN
- ATS Corp /ATS ATS
- Churchill Capital Corp XI CCXI
All 16 General Industrial Machinery & Equipment, NEC companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
|---|---|---|---|---|
| Revenue | $432.9M | $284.6M | $264.4M | $174.4M |
| Operating income | $24.1M | -$28.1M | -$80.5M | -$54.8M |
| Net income | $62.3M | -$14.0M | -$67.0M | -$43.6M |
| Diluted EPS | $0.43 | -$0.11 | -$0.54 | -$0.94 |
| Operating cash flow | $16.7M | $8.7M | $8.1M | -$100.9M |
| Free cash flow | -$27.5M | -$26.9M | -$49.2M | -$134.4M |
| Total assets | $1.6B | $820.6M | $797.6M | $556.7M |
| Total liabilities | $329.3M | $281.9M | $253.6M | $144.6M |
| Stockholders' equity | $1.3B | $538.6M | $544.0M | -$456.0M |
| Cash and investments | $1.1B | $442.9M | $446.8M | $274.2M |
| Total debt | $52.1M | $50.4M | $57.1M | $4.1M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 6-K | Current report (foreign issuer) | Nov 5, 2026 | Nov 5, 2026 |
| 6-K | Current report (foreign issuer) | Oct 20, 2026 | Oct 20, 2026 |
| 6-K | Current report (foreign issuer) | Sep 17, 2026 | Sep 17, 2026 |
| 6-K | Current report (foreign issuer) | Sep 8, 2026 | Sep 8, 2026 |
| 6-K | Current report (foreign issuer) | Aug 28, 2026 | Aug 28, 2026 |
| 6-K | Current report (foreign issuer) | Aug 18, 2026 | Aug 18, 2026 |
All 142 Hesai Group SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.