Hesai Group (HSAI) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 1B | 795.39M | 706.39M | 525.3M | 719.76M | 539.42M | 458.86M | 359.12M | 561.18M | 445.56M | 440.31M | 429.93M | 409.19M | 333.85M | 211.18M | 248.45M | 261.33M | 224.44M | 117.5M | 117.5M |
| Revenue Growth % | 39% | 47.45% | 53.94% | 46.27% | 28.26% | 21.06% | 4.21% | -16.47% | 37.15% | 33.46% | 108.5% | 73.05% | 56.58% | 48.75% | 79.73% | 111.45% | 60.82% | - | - | 188.87% |
| Cost of Goods Sold | 590M | 460.5M | 405.91M | 306.07M | 438.73M | 281.91M | 252.04M | 219.9M | 329.72M | 309.43M | 309.16M | 267.3M | 286.34M | 210.13M | 112.26M | 121.95M | 124.3M | 114.19M | 50.24M | 50.24M |
| COGS % of Revenue | 58.97% | 57.9% | 57.46% | 58.27% | 60.95% | 52.26% | 54.93% | 61.23% | 58.75% | 69.45% | 70.21% | 62.17% | 69.98% | 62.94% | 53.16% | 49.09% | 47.57% | 50.88% | 42.76% | 42.76% |
| Gross Profit | 410.48M | 334.9M | 300.48M | 219.24M | 281.03M | 257.5M | 206.83M | 139.22M | 231.47M | 136.13M | 131.15M | 162.63M | 122.84M | 123.73M | 98.92M | 126.49M | 137.03M | 110.25M | 67.26M | 67.26M |
| Gross Margin % | 41.03% | 42.1% | 42.54% | 41.73% | 39.05% | 47.74% | 45.07% | 38.77% | 41.25% | 30.55% | 29.79% | 37.83% | 30.02% | 37.06% | 46.84% | 50.91% | 52.43% | 49.12% | 57.24% | 57.24% |
| Gross Profit Growth % | 46.06% | 30.06% | 45.28% | 57.47% | 21.41% | 89.16% | 57.7% | -14.39% | 88.43% | 10.03% | 32.58% | 28.56% | -10.35% | 12.22% | 47.08% | 88.07% | 38.75% | - | - | 260.54% |
| Operating Expenses | 353.71M | 257.53M | 277.63M | 252.68M | 174.48M | 334.73M | 302.6M | 277.68M | 394.3M | 303.38M | 244.66M | 290.63M | 262.94M | 225.86M | 193.26M | 168.15M | 221.94M | 154.61M | 135.27M | 135.27M |
| OpEx % of Revenue | 35.35% | 32.38% | 39.3% | 48.1% | 24.24% | 62.05% | 65.95% | 77.32% | 70.26% | 68.09% | 55.56% | 67.6% | 64.26% | 67.65% | 91.51% | 67.68% | 84.93% | 68.88% | 115.12% | 115.12% |
| Selling, General & Admin | 153.14M | 117.02M | 106.03M | 104.63M | 154.58M | 122.74M | 121.89M | 110.73M | 183.07M | 117.34M | 83.62M | 84.91M | 130.03M | 65.05M | 63.16M | 64.04M | 73.02M | 69.21M | 28.82M | 28.82M |
| SG&A % of Revenue | 15.31% | 14.71% | 15.01% | 19.92% | 21.48% | 22.75% | 26.56% | 30.83% | 32.62% | 26.34% | 18.99% | 19.75% | 31.78% | 19.48% | 29.91% | 25.78% | 27.94% | 30.84% | 24.53% | 24.53% |
| Research & Development | 215.55M | 198.86M | 199.22M | 183.31M | 242.38M | 220.25M | 198.61M | 194.4M | 228.48M | 192.57M | 161M | 208.5M | 178.82M | 163.69M | 108M | 104.67M | 157.81M | 90.49M | 60.07M | 60.07M |
| R&D % of Revenue | 21.54% | 25% | 28.2% | 34.9% | 33.68% | 40.83% | 43.28% | 54.13% | 40.71% | 43.22% | 36.57% | 48.5% | 43.7% | 49.03% | 51.14% | 42.13% | 60.39% | 40.32% | 51.12% | 51.12% |
| Other Operating Expenses | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 38K | -1000K | -1000K | -1000K | 1000K | -564K | -1000K | -1000K | 1000K | 1000K |
| Operating Income | 56.77M | 77.37M | 22.85M | -33.45M | 106.55M | -77.23M | -95.78M | -138.46M | -162.83M | -167.24M | -113.51M | -128.01M | -140.09M | -102.14M | -94.33M | -41.65M | -84.91M | -44.35M | -68.01M | -68.01M |
| Operating Margin % | 5.67% | 9.73% | 3.23% | -6.37% | 14.8% | -14.32% | -20.87% | -38.55% | -29.02% | -37.54% | -25.78% | -29.77% | -34.24% | -30.59% | -44.67% | -16.77% | -32.49% | -19.76% | -57.88% | -57.88% |
| Operating Income Growth % | -46.72% | 200.18% | 123.86% | 75.84% | 165.43% | 53.82% | 15.62% | -8.16% | -16.23% | -63.74% | -20.33% | -207.32% | -64.98% | -130.29% | -38.7% | 38.75% | -1086.8% | - | - | -26.72% |
| EBITDA | 160.62M | 286.96M | 61.59M | -494.75K | 151.21M | -66.88M | -68.35M | -116.89M | -141.27M | -140.63M | -73.78M | -114.6M | -125.13M | -70.76M | -82.98M | -34.6M | -77.23M | -36.19M | -61.82M | -61.82M |
| EBITDA Margin % | 16.05% | 36.08% | 8.72% | -0.09% | 21.01% | -12.4% | -14.9% | -32.55% | -25.17% | -31.56% | -16.76% | -26.65% | -30.58% | -21.19% | -39.29% | -13.92% | -29.55% | -16.13% | -52.61% | -52.61% |
| EBITDA Growth % | 6.22% | 529.04% | 190.11% | 99.58% | 207.04% | 52.44% | 7.36% | -2% | -12.9% | -98.75% | 11.09% | -231.25% | -62.02% | -95.5% | -34.24% | 44.04% | -630.14% | - | - | -24.62% |
| D&A (Non-Cash Add-back) | 0 | 0 | 38.74M | 32.95M | 0 | 0 | 0 | 21.57M | 21.57M | 0 | 0 | 13.41M | 14.97M | 0 | 11.35M | 7.06M | 7.69M | 8.16M | 6.19M | 6.19M |
| EBIT | 160.62M | 286.96M | 50.74M | -12.61M | 151.21M | -66.88M | -68.35M | -104.39M | -175.07M | -140.63M | -73.78M | -118.93M | -3.79M | -70.76M | -69.73M | -25.09M | -85.21M | -44.05M | -14.96M | -14.96M |
| Net Interest Income | 55.84M | 3.46M | 14.42M | 15.51M | 18.84M | 21.96M | 20.26M | 30.51M | 29.96M | 27.73M | 23.38M | 15.67M | 9.45M | 15.67M | 16.2M | 17.42M | 18.38M | 1.31M | 361.29K | 528.76K |
| Interest Income | 59.92M | 3.91M | 20.97M | 20.52M | 22.5M | 25.51M | 23.6M | 32.8M | 30.79M | 28.9M | 23.99M | 15.67M | 9.45M | 15.67M | 16.2M | 17.42M | 18.38M | 1.31M | 361.29K | 528.76K |
| Interest Expense | 4.08M | 451.84K | 6.54M | 5.01M | 3.65M | 3.56M | 3.33M | 2.29M | 833K | 1.17M | 609K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 99.71M | 206.31M | 21.33M | 15.83M | 41M | 6.8M | 24.08M | 31.78M | 22.66M | 25.45M | 39.12M | 9.08M | 4.79M | 31.38M | 24.67M | 16.57M | 14.88M | 7.99M | -1.77M | -1.77M |
| Pretax Income | 156.48M | 283.67M | 44.18M | -17.61M | 147.55M | -70.42M | -71.69M | -106.68M | -140.18M | -141.79M | -74.39M | -118.93M | -135.31M | -70.77M | -69.67M | -25.09M | -70.03M | -36.36M | -69.78M | -69.78M |
| Pretax Margin % | 15.64% | 35.66% | 6.25% | -3.35% | 20.5% | -13.06% | -15.62% | -29.71% | -24.98% | -31.82% | -16.89% | -27.66% | -33.07% | -21.2% | -32.99% | -10.1% | -26.8% | -16.2% | -59.38% | -59.38% |
| Income Tax | 3.31M | 27.5M | 94K | -67K | 583K | -68K | 367K | 248K | 733K | -29K | -6K | -17K | -20K | -20K | -13K | -11K | -2K | -1.08M | -17.5K | -17.5K |
| Effective Tax Rate % | 2.11% | 9.69% | 0.21% | 0.38% | 0.4% | 0.1% | -0.51% | -0.23% | -0.52% | 0.02% | 0.01% | 0.01% | 0.01% | 0.03% | 0.02% | 0.04% | 0% | 2.96% | 0.03% | 0.03% |
| Net Income | 153.17M | 256.17M | 44.09M | -17.55M | 146.96M | -70.36M | -72.06M | -106.92M | -140.91M | -141.76M | -74.38M | -118.9M | -135.29M | -70.75M | -69.65M | -25.07M | -70.03M | -35.28M | -69.76M | -69.76M |
| Net Margin % | 15.31% | 32.21% | 6.24% | -3.34% | 20.42% | -13.04% | -15.7% | -29.77% | -25.11% | -31.82% | -16.89% | -27.66% | -33.06% | -21.19% | -32.98% | -10.09% | -26.8% | -15.72% | -59.37% | -59.37% |
| Net Income Growth % | 4.22% | 464.11% | 161.18% | 83.59% | 204.29% | 50.37% | 3.12% | 10.07% | -4.16% | -100.38% | -6.79% | -374.19% | -93.19% | -100.52% | 0.15% | 64.06% | -1156.35% | - | - | -57.79% |
| Net Income (Continuing) | 153.17M | 256.17M | 44.09M | -17.55M | 146.96M | -70.36M | -72.06M | -106.92M | -140.91M | -141.76M | -74.38M | -118.91M | -135.29M | -70.75M | -69.65M | -25.07M | -70.03M | -35.28M | -69.76M | -69.76M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.99B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.91 | 1.78 | 0.32 | -0.13 | 1.08 | -0.54 | -0.56 | -0.84 | -1.11 | -1.13 | -0.59 | -0.98 | -1.08 | -0.56 | -0.55 | -0.20 | -0.61 | -0.74 | -11.92 | -11.92 |
| EPS Growth % | -15.74% | 429.63% | 157.14% | 84.52% | 197.3% | 52.21% | 5.08% | 14.29% | -2.78% | -101.79% | -7.27% | -390% | -77.05% | 24.32% | 95.39% | 98.32% | -926.94% | - | - | -2284% |
| EPS (Basic) | 0.98 | 1.85 | 0.33 | -0.13 | 1.13 | -0.54 | -0.56 | -0.84 | -1.11 | -1.13 | -0.59 | -0.98 | -1.08 | -0.56 | -0.55 | -0.20 | -0.61 | -0.74 | -11.92 | -11.92 |
| Diluted Shares Outstanding | 162.77M | 143.51M | 139.19M | 131.46M | 135.61M | 129.9M | 129.08M | 127.34M | 126.49M | 125.8M | 125.66M | 121.18M | 125.53M | 125.53M | 125.53M | 125.53M | 115.65M | 111.37M | 96.47M | 96.47M |
| Basic Shares Outstanding | 156.08M | 136.39M | 132.41M | 131.46M | 136.08M | 129.9M | 129.08M | 127.34M | 126.49M | 125.53M | 125.53M | 121.18M | 125.53M | 125.53M | 125.53M | 125.53M | 115.65M | 111.37M | 96.47M | 96.47M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |