Hesai Group (HSAI) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|
| Cash from Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -190.35M | 0 | 0 | 0 | -114.3M | -35.94M | -39.08M | -39.08M |
| Operating CF Margin % | - | - | - | - | - | - | - | - | - | - | - | - | -46.52% | - | - | - | -43.74% | -16.01% | -33.26% | -33.26% |
| Operating CF Growth % | - | - | - | - | - | - | - | - | 100% | - | - | - | -66.54% | 100% | 100% | 100% | -1642.85% | - | - | 11.25% |
| Net Income | 151.06M | 256.17M | 44.09M | -17.55M | 20.44M | -70.36M | -72.06M | -106.92M | -140.91M | -141.76M | -10.6M | -17.38M | -135.29M | -10.32M | -69.65M | -25.07M | -70.03M | -35.28M | -69.76M | -69.76M |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14.97M | 0 | 0 | 0 | 7.69M | 8.16M | 6.19M | 6.19M |
| Stock-Based Compensation | 0 | 31.55M | 29.2M | 26.18M | 0 | 26.35M | 28.5M | 37.8M | 40.57M | 39.82M | 0 | 0 | 25.08M | 0 | 27.45M | 27.14M | 30.73M | 23.56M | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -151.06M | -287.72M | -73.28M | -8.64M | -20.44M | 44M | 43.55M | 69.13M | 100.34M | 101.94M | 10.6M | 17.38M | 58.91M | 10.32M | 42.21M | -2.07M | 9.77M | 75.9M | 57.3M | 57.3M |
| Working Capital Changes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -154.02M | 0 | 0 | 0 | -92.45M | -108.27M | -32.81M | -32.81M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -128M | 0 | 0 | 0 | -75.86M | -51M | -6.68M | -6.68M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -100.17M | 0 | 0 | 0 | -48.54M | -77.17M | -56.02M | -56.02M |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -12.94M | 0 | 0 | 0 |
| Cash from Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 350.04M | 0 | 0 | 0 | -811.41M | -1.34B | 84.17M | 84.17M |
| Capital Expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -13.49M | 0 | 0 | 0 | -80.82M | -98.42M | -20.43M | -20.43M |
| CapEx % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | 3.3% | - | - | - | 30.93% | 43.85% | 17.39% | 17.39% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 363.53M | 0 | 0 | 0 | -13.59M | -1.24B | 104.6M | 104.6M |
| Cash from Financing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.18M | 0 | 0 | 0 | 453.64M | 16.6M | 966.74M | 966.74M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -558K | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.18M | 0 | 0 | 0 | 454.2M | 16.6M | 966.74M | 966.74M |
| Net Change in Cash | -853.6M | 0 | 0 | 0 | 80.72M | 0 | 0 | 0 | 0 | 0 | -20.48M | 173.64M | 162.72M | 105.84M | 0 | 0 | -496.62M | -1.35B | 1.02B | 1.02B |
| Free Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -203.84M | 0 | 0 | 0 | -208.73M | -134.35M | -59.51M | -59.51M |
| FCF Margin % | - | - | - | - | - | - | - | - | - | - | - | - | -49.82% | - | - | - | -79.87% | -59.86% | -50.64% | -50.64% |
| FCF Growth % | - | - | - | - | - | - | - | - | 100% | - | - | - | 2.34% | 100% | 100% | 100% | -687.55% | - | - | -5.1% |
| FCF per Share | - | - | - | - | - | - | - | - | - | - | - | - | -1.62 | - | - | - | -1.80 | -1.21 | -0.62 | -0.62 |
| FCF Conversion (FCF/Net Income) | - | - | - | - | - | - | - | - | - | - | - | - | 1.41x | - | - | - | 1.63x | 1.02x | 0.56x | 0.56x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3K | 0 | 0 | 0 |