The table below shows Hesai Group's income statement line items across its last 4 fiscal years, exactly as reported in the company's audited annual filings. All figures are in US dollars; negative values appear in red.
Line item
FY 2025
FY 2024
FY 2023
FY 2022
Revenue
$432.94M
$284.57M
$264.37M
$174.37M
Cost of revenue
$252.03M
$163.38M
$171.22M
$105.94M
Gross profit
$180.91M
$121.19M
$93.15M
$68.43M
R&D
$113.96M
$117.22M
$111.35M
$80.49M
SG&A
$41.30M
$43.42M
$45.09M
$29.14M
Operating income
$24.13M
-$28.07M
-$80.51M
-$54.84M
HSAI annual revenue (10-K history)
Hesai Group reported annual revenue of $432.94M for fiscal year 2025. That is up 52.1% from $284.57M in fiscal 2024. Figures come from the company's audited annual reports as filed with the SEC.
