Company Overview
Hesai Group, through with its subsidiaries, engages in the development, manufacturing, and sale of three-dimensional light detection and ranging solutions (LiDAR) in Mainland China, Europe, North America, and internationally. The company provides gas sensor products, validation services, solution service, and other services, as well as designs and develops engineering products. Its LiDAR products are used in passenger and commercial vehicles with advanced driver assistance systems; autonomous vehicle fleets providing passenger and freight mobility services; and other applications, such as last-mile delivery robots, street sweeping robots, and logistics robots in restricted areas. Hesai Group was founded in 2014 and is headquartered in Shanghai, China.
Why Investors Should Care
Revenue has grown at a 36.0% CAGR over the past five years.
Carries low leverage with a debt-to-equity ratio of 0.08.
Recent Developments
- Dec 2025 Revenue of $3.03B (+45.8% YoY); net profit $435.88M.
- Trailing 12 Months Year-on-year growth — revenue +21.9%, earnings +25.0%.
- 5-Year Trend Long-term compounding — revenue CAGR 36.0%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 36.03% |
| 1 Year: | 21.90% |
Compounded Profit Growth
| 5 Years: | - |
| 1 Year: | 25.00% |
Stock Price Performance
| 1 Year: | -47.90% |
| 6 Months: | -42.19% |
| 3 Months: | -16.85% |
| 1 Month: | -25.57% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
Hesai develops and manufactures LiDAR sensors that are core perception components for autonomous vehicles and robotics — physical-AI hardware.
3D LiDAR for ADAS, autonomous vehicles and robotics perception.
- Automotive LiDAR Hesai's LiDAR provides 3D perception for ADAS and autonomous passenger and commercial vehicles.
- Robotics LiDAR Sensors serve robotaxis, delivery robots and industrial autonomy.
- Scale manufacturing High-volume manufacturing drives cost down to support mass adoption.
- Leading LiDAR maker — essential perception hardware for autonomy/physical AI.
- Profitable on a reported basis (net ~15%) with strong volume growth (~30%).
- China exposure and pricing competition are significant risks.
- Autonomous-adoption timing drives the long-term thesis.
Curated from public filings and analyst commentary; figures are illustrative.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 36.0% over 5 years.
CONS
- Trading 59.3% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Consumer Cyclical).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | HSAI Hesai Group AI | 12.14 | 24.28 | $12.64B | 0.00% | 1.32% | 7.49% | 36.03% | - |
| 2 | AMZN Amazon.com, Inc. NDXSPXR3KAITECH | 250.38 | 20.14 | $2.70T | 0.00% | 13.33% | 30.56% | 24.04% | 32.72% |
| 3 | TSLA Tesla, Inc. NDXSPXR3KAI | 374.58 | 353.38 | $1.48T | 0.00% | 4.10% | 4.67% | 52.40% | 39.39% |
| 4 | HD The Home Depot, Inc. SPXR3K | 327.73 | 22.95 | $326.97B | 3.08% | 28.75% | 104.30% | 4.06% | 6.35% |
| 5 | BABA Alibaba Group Holding Limited AITECH | 101.82 | 24.65 | $253.30B | 0.99% | 4.16% | 6.36% | 5.62% | 12.49% |
| 6 | TM Toyota Motor Corporation | 198.22 | 8.76 | $234.73B | 3.23% | 5.24% | 12.40% | 10.91% | 16.22% |
| 7 | MCD McDonald's Corporation SPXR3K | 252.63 | 20.54 | $178.77B | 2.99% | 22.47% | - | 0.92% | 7.33% |
| 8 | TJX The TJX Companies, Inc. SPXR3K | 147.38 | 27.29 | $162.81B | 1.52% | 21.26% | 62.17% | 6.84% | 8.48% |
| 9 | BKNG Booking Holdings Inc. NDXSPXR3K | 161.10 | 17.86 | $124.83B | 1.08% | 70.23% | -96.88% | 16.93% | 22.07% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | 525.30M | 706.39M | 795.39M | 1.00B | 680.55M |
| Cost of Revenue | 306.07M | 405.91M | 460.50M | 590.00M | 414.54M |
| Gross Profit | 219.24M | 300.48M | 334.90M | 410.48M | 266.02M |
| Operating Expenses | 252.68M | 277.63M | 257.53M | 353.71M | 274.58M |
| Operating Income | -33.45M | 22.85M | 77.37M | 56.77M | -8.56M |
| EBITDA | -12.60M | 50.74M | 286.96M | 160.62M | 24.15M |
| Interest Expense | 5.01M | 6.54M | 3.23M | 4.14M | 5.83M |
| Pretax Income | -17.60M | 44.19M | 283.72M | 156.48M | 18.32M |
| Tax Provision | -67.00K | 94.00K | 27.50M | 3.31M | 2.00K |
| Net Income | -17.55M | 44.09M | 256.17M | 153.17M | 18.32M |
| Diluted EPS | -0.13 | 0.32 | 1.79 | 0.94 | 0.11 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | - | 1.20B | 1.88B | 2.08B | 3.03B |
| Cost of Revenue | - | 730.68M | 1.22B | 1.19B | 1.76B |
| Gross Profit | - | 471.99M | 661.38M | 884.59M | 1.27B |
| Operating Expenses | - | 850.20M | 1.24B | 1.29B | 1.14B |
| Operating Income | - | -378.22M | -577.72M | -408.23M | 123.54M |
| EBITDA | - | -247.15M | -385.93M | 43.40M | 609.50M |
| Interest Expense | - | 0 | 3.07M | 12.83M | 18.92M |
| Pretax Income | - | -300.79M | -475.26M | -101.23M | 466.79M |
| Tax Provision | - | -66.00K | 658.00K | 1.13M | 30.84M |
| Net Income | - | -300.76M | -475.97M | -102.38M | 435.88M |
| Diluted EPS | - | -5.95 | -3.81 | -0.79 | 2.98 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Total Assets | - | 3.84B | 5.66B | 5.99B | 11.26B |
| Current Assets | - | 3.14B | 4.40B | 4.68B | 7.07B |
| Cash & Equivalents | - | 913.28M | 1.55B | 2.84B | 1.66B |
| Inventory | - | 646.85M | 495.88M | 482.14M | 670.45M |
| Receivables | - | 485.04M | 524.82M | 765.03M | 1.26B |
| Total Liabilities | - | 997.66M | 1.80B | 2.06B | 2.30B |
| Current Liabilities | - | 955.54M | 1.34B | 1.63B | 1.90B |
| Long Term Debt | - | 18.47M | 285.90M | 269.44M | 278.73M |
| Total Debt | - | 63.59M | 559.24M | 739.26M | 999.48M |
| Total Equity | - | -3.15B | 3.86B | 3.93B | 8.96B |
| Shares Outstanding | - | 125.53M | 127.03M | 131.16M | 156.15M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | -696.01M | 57.26M | 63.50M | 116.99M |
| Investing Cash Flow | - | 1.12B | -1.06B | 955.88M | -5.55B |
| Financing Cash Flow | - | 15.18M | 1.59B | 250.68M | 4.35B |
| Capital Expenditure | - | -240.39M | -414.67M | -271.36M | -342.19M |
| Free Cash Flow | - | -936.40M | -357.41M | -207.85M | -225.21M |
| Net Change in Cash | - | 438.81M | 587.22M | 1.27B | -1.09B |
Ratios (Annual)
Figures in %.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Gross Margin % | - | 39.2% | 35.2% | 42.6% | 41.8% |
| Operating Margin % | - | -31.4% | -30.8% | -19.7% | 4.1% |
| Net Margin % | - | -25.0% | -25.4% | -4.9% | 14.4% |
| ROE % | - | 9.6% | -12.3% | -2.6% | 4.9% |
| ROCE % | - | -13.1% | -13.4% | -9.4% | 1.3% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Schroder Investment Management Group | 5.46% | 7.11M | $113.84M |
| 2 | UBS Group AG | 1.78% | 2.32M | $37.12M |
| 3 | FMR, LLC | 1.47% | 1.91M | $30.64M |
| 4 | Deutsche Bank AG | 1.44% | 1.87M | $30.01M |
| 5 | FIL LTD | 1.39% | 1.81M | $28.98M |
| 6 | Broad Peak Investment Advisers Pte Ltd. | 1.04% | 1.35M | $21.60M |
| 7 | Federated Hermes, Inc. | 0.95% | 1.23M | $19.75M |
| 8 | Manufacturers Life Insurance Co. | 0.95% | 1.24M | $19.85M |
| 9 | Mirae Asset Global ETFs Holdings Ltd. | 0.81% | 1.06M | $16.92M |
| 10 | Wexford Capital LP | 0.78% | 1.01M | $16.18M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for HSAI
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HSAI — Frequently Asked Questions
What is the current share price of Hesai Group (HSAI)?
As of 2026-10-22 16:30 PDT, Hesai Group (HSAI) trades at $12.14 on NasdaqGS. Its 52-week range is $12.14 to $29.80.
What is the market capitalisation of HSAI?
Hesai Group (HSAI) has a market capitalisation of $12.64B on NasdaqGS.
What is the P/E ratio of HSAI?
HSAI trades at a trailing price-to-earnings (P/E) ratio of 24.28. The industry average P/E is 18.64. Its price-to-book (P/B) ratio is 1.94.
What is the return on equity (ROE) of HSAI?
HSAI has a return on equity (ROE) of 7.49%. Its return on capital employed (ROCE) is 1.32%.
Is HSAI a good stock to buy?
This page provides a data-driven analysis of Hesai Group (HSAI), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.