Hesai Group (HSAI) stock

HSAINasdaqGeneral Industrial Machinery & Equipment, NECFiscal year ends December 31Also trades as HSIGF

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 24, 2026Score 7/30

$14.42+0.25 (+1.76%)

Close on Nov 13, 2026Market cap $2.25BP/E 32.3Yield –

Hesai gross margin

Gross margin is gross profit as a percentage of revenue.

For fiscal 2025 it was 41.8%, against 42.6% the year before. The highest annual figure on record is 2438.8% in fiscal 2021.

Period	Period end	Value	Change (pts)
FY2025	Dec 31, 2025	41.8%	−0.8
FY2024	Dec 31, 2024	42.6%	+7.4
FY2023	Dec 31, 2023	35.2%	−4.0
FY2022	Dec 31, 2022	39.2%	−2399.6
FY2021	Dec 31, 2021	2438.8%	+2381.3
FY2020	Dec 31, 2020	57.5%	–

Trailing twelve months. Peers are matched on business description, industry and size. Ticks are peers, the dot is HSAI.

Revenue growth45.8% · median 15.8%

Gross margin41.8% · median 43.6%

Operating margin5.6% · median 5.6%

Net margin14.4% · median 2.7%

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