Stocks Industrials HSAI
NASDAQ · IndustrialsHesai Group (HSAI)
Hesai Group reported revenue of $432.9M in fiscal 2025, up 52.1% from a year earlier. Net income was $62.3M, a net margin of 14.4%. In fiscal 2025 capital spending exceeded operating cash flow by $27.5M. At December 31, 2025 it held $237.9M in cash against $39.9M of debt. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on April 24, 2026.
Watch HSAI in 60 secondsWhat Hesai Group does
Hesai Group is registered with the SEC under industry code SIC 3569 (General Industrial Machinery & Equipment, NEC). Its shares trade on NASDAQ under the ticker HSAI.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $432.9M | $62.3M | $0.43 | -$27.5M |
| 2024 | $284.6M | -$14M | -$0.11 | -$26.9M |
| 2023 | $264.4M | -$67M | -$0.54 | -$49.2M |
| 2022 | $174.4M | -$43.6M | -$0.94 | -$134.4M |
Full financial statements: income, balance sheet and cash flow
Where HSAI ranks in Industrials
Latest SEC filings
What Hesai Group has filed recently, newest first. Each links to the original document on SEC EDGAR.
- September 17, 2026
- September 8, 2026
- August 28, 2026
- August 18, 2026
- July 31, 2026
- July 27, 2026
- July 10, 2026Form F-6 POS filing F-6 POS
- July 10, 2026
- July 10, 2026
- July 8, 2026
Insider trades
What the people running Hesai Group did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 1 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 19, 2026 | Fan PengChief Financial Officer | Exercised options | 50,000 | - |
Who owns HSAI
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Kai Sun13D, may seek influence with 1 related filers | 20.5% | April 30, 2025 |
| Shaoqing Xiang13D, may seek influence with 1 related filers | 20.5% | April 30, 2025 |
| Yifan Li13D, may seek influence with 1 related filers | 20.5% | April 30, 2025 |
Largest institutional holders
Insiders
1 insiders reported holding 98,000 shares in total, about $1.5M at the last price.
| Holder | Shares |
|---|---|
| Fan PengChief Financial Officer | 98,000 |
Questions about HSAI
What does Hesai Group do?
Hesai Group is registered with the SEC under industry code SIC 3569 (General Industrial Machinery & Equipment, NEC). Its shares trade on NASDAQ under the ticker HSAI.
Is Hesai Group profitable?
Yes. In fiscal 2025 it reported net income of $62.3M on revenue of $432.9M, a net margin of 14.4%.
How much revenue does Hesai Group make?
In fiscal 2025 Hesai Group reported revenue of $432.9M. That is 52.1% more than a year earlier.
When did Hesai Group last report?
Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on April 24, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the insider trade from September 21, 2026.
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Follow HSAI: get an email when it filesWhere the numbers come from
Financial figures are the values Hesai Group tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.