# Hesai Group (HSAI)

Source page: https://stoqly.net/companies/hsai

- **Ticker:** HSAI (Nasdaq)
- **Sector:** Industrials / General Industrial Machinery & Equipment, Nec
- **SEC CIK:** 0001861737
- **Latest annual report:** 20-F filed 2026-04-24 (https://www.sec.gov/Archives/edgar/data/1861737/000110465926048025/hsai-20251231x20f.htm)
- **Data updated:** 2026-11-09

## Key figures

- **Last close:** $14.31 on 2026-11-09 (−0.14% on the day)
- **Market cap:** $2.1B
- **P/E (trailing):** 34.5x
- **EPS, trailing 12 months:** $0.41
- **Revenue (FY2025):** $421M
- **Revenue growth:** +45.9%
- **Revenue growth, 5-year CAGR:** +47.6%
- **Gross margin:** 41.8%
- **Operating margin:** 5.6%
- **Net margin:** 14.4%
- **Free cash flow:** −$26.8M
- **Free cash flow margin:** −6.4%
- **Return on invested capital:** 3.4%
- **Return on equity:** 6.7%
- **Net debt:** −$632M
- **Net debt / EBITDA:** −15.5x
- **Change in share count:** +13.4%
- **Piotroski F-score:** 5/9
- **Insider buys, last 90 days:** $0.0M
- **Insider sells, last 90 days:** $0.0M

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## Annual results

From SEC EDGAR XBRL filings. Full table: https://stoqly.net/companies/hsai/figures.csv

| US$ millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---:|---:|---:|---:|---:|---:|
| Revenue | 60 | 2 | 0 | 0 | 289 | 421 |
| Operating income | -15 | -41 | -56 | -81 | -28 | 23 |
| Net income | -16 | -38 | -45 | -67 | -14 | 61 |
| Diluted EPS (US$) | -0.17 | -3.63 | -0.96 | -0.54 | -0.11 | 0.41 |
| Operating cash flow | -51 | -35 | -103 | 8 | 9 | 16 |
| Free cash flow | -61 | -70 | -138 | -49 | -27 | -27 |
| Cash | 39 | 440 | 269 | 442 | 439 | 679 |
| Debt and leases | — | — | 3 | 56 | 57 | 47 |

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Source: SEC EDGAR filings and end-of-day prices, via Stoqly. For information only — not investment advice or a recommendation to buy, sell or hold any security.