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 statistics

88 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings: –
Last ex-dividend date: No dividends
Fundamentals through: Dec 31, 2025
Share price as of: –

Valuation ratiosIndustry

Market Cap: CN¥15.03B; –
Enterprise Value: CN¥11.00B; –
PE Ratio: 32.30; –
PS Ratio: 4.96; –
PB Ratio: 1.68; –
P/TBV Ratio: 1.70; –
P/OCF Ratio: 128.49; –

Enterprise valuationIndustry

EV / Sales: 3.63; –
EV / EBITDA: 37.61; –
EV / EBIT: 65.20; –

Share statisticsIndustry

Shares Outstanding: 156M; –
Shares Change (YoY): 13.4%; –
Float: 74M; –
Shares Held by Insiders: 52.3%; –
Shares Held by Institutions: 23.8%; –

Short sellingIndustry

Short Interest: 8M; –
Short Interest Change: -4.01%; –
Days to Cover: 3.27; –

Stock price statisticsIndustry

Price Change (1 Week): 0.63%; –
Price Change (1 Month): 7.93%; –
Price Change (3 Months): -20.2%; –
Price Change (6 Months): -35.7%; –
Price Change (YTD): -35.6%; –
Price Change (1 Year): -33.1%; –
Price Change (3 Years): 31.1%; –
Average Volume (10 Days): 2M; –
Average Volume (20 Days): 2M; –
Average Volume (90 Days): 2M; –
Relative Volume: 0.94; –
Relative Strength Index (14): 52.7; –
Volatility (1 Year): 71.7%; –
Beta (5 Years): 1.75; –

MarginsIndustry

Gross Margin: 41.8%; –
Operating Margin: 5.57%; –
Pretax Margin: 15.4%; –
Profit Margin: 14.4%; –
EBITDA Margin: 9.66%; –
FCF Margin: -6.35%; –

Returns on capitalIndustry

Return on Equity (ROE): 6.76%; –
Return on Assets (ROA): 5.05%; –
Return on Invested Capital (ROIC): 5.02%; –
Return on Capital Employed (ROCE): 1.80%; –

Financial positionIndustry

Current Ratio: 3.73; –
Quick Ratio: 3.17; –
Debt / Equity: 0.08; –
Debt / EBITDA: 2.48; –
Net Debt / EBITDA: -13.77; –
Interest Coverage: 8.92; –

GrowthIndustry

Revenue Growth (YoY): 45.8%; –
Revenue Growth (3Y CAGR): 36.0%; –
Revenue Growth (5Y CAGR): 48.8%; –

EfficiencyIndustry

Asset Turnover: 0.35; –
Inventory Turnover: 3.06; –
Revenue Per Employee: CN¥2.71M; –
Profits Per Employee: CN¥389.88K; –
Employee Count: 1,118; –
WACC: 13.4%; –

Income statement (TTM)Industry

Revenue: CN¥3.03B; –
Gross Profit: CN¥1.27B; –
Operating Income: CN¥168.75M; –
Pretax Income: CN¥466.72M; –
Net Income: CN¥435.88M; –
EBITDA: CN¥292.54M; –
EPS (Diluted): 2.98 CNY; –

Balance sheetIndustry

Cash & Short-Term Investments: CN¥4.76B; –
Total Debt: CN¥726.96M; –
Net Cash (Debt): CN¥4.03B; –
Net Cash Per Share: 25.80 CNY; –
Equity (Book Value): CN¥8.96B; –
Book Value Per Share: 57.37 CNY; –
Tangible Book Value: CN¥8.86B; –
Working Capital: CN¥5.17B; –

Cash flow (TTM)Industry

Operating Cash Flow: CN¥116.99M; –
Capital Expenditures: -CN¥309.37M; –
Free Cash Flow: -CN¥192.38M; –
FCF Per Share: -1.23 CNY; –

Dividends and yieldsIndustry

Earnings Yield: 2.90%; –
FCF Yield: -1.28%; –
Buyback Yield: -28.3%; –
Shareholder Yield: -28.3%; –

Taxes and interestIndustry

Interest Expense: CN¥18.92M; –
Income Tax: CN¥30.84M; –
Effective Tax Rate: 6.61%; –

Scores and fair valueIndustry

Graham Number: 62.02 CNY; –
Graham Upside: -35.6%; –
Altman Z-Score: 4.42; –
Piotroski F-Score: 6; –
Beneish M-Score: -0.41; –

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.

Period	HSAI	S&P 500	Difference	HSAI per year	S&P 500 per year
1 month	-0.3%	-3.0%	+2.8 pts
3 months	-25.2%	-2.8%	−22.5 pts
Year to date	-35.6%	+11.5%	−47.1 pts
1 year	-27.1%	+13.5%	−40.6 pts
3 years	+44.2%	+77.7%	−33.5 pts	+13.0%	+21.1%

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.

8M HSAI shares were sold short on Oct 30, 2026, down 4.0% from the previous report. At recent volumes it would take 3.3 days to buy them back. Over the last 20 sessions, 68.3% of the volume reported to FINRA was short selling.

Settlement date	Shares short	Change	Avg. daily volume	Days to cover
Oct 30, 2026	7,866,695	-4.0%	2,406,202	3.3
Oct 15, 2026	8,195,754	+0.9%	1,128,317	7.3
Sep 30, 2026	8,121,049	-10.6%	1,051,187	7.7
Sep 15, 2026	9,080,120	+11.2%	1,350,162	6.7
Aug 31, 2026	8,164,177	-9.5%	1,894,322	4.3
Aug 14, 2026	9,023,157	-6.6%	1,427,928	6.3
Jul 31, 2026	9,660,414	+7.0%	1,480,222	6.5
Jul 15, 2026	9,024,552	+13.0%	1,861,238	4.8
Jun 30, 2026	7,987,651	+33.5%	2,242,254	3.6
Jun 15, 2026	5,983,544	+13.9%	1,758,319	3.4
May 29, 2026	5,253,893	-2.4%	2,124,488	2.5
May 15, 2026	5,384,003	-1.8%	1,400,127	3.9