Hesai (HSAI) Construction in Progress (2023 - 2025)

Hesai (HSAI) has reported Construction in Progress for 3 consecutive years, with $10.9 million the latest figure, recorded in Q4 2025.

• For the quarter ending Q4 2025, Construction in Progress rose 19.92% year-over-year to $10.9 million; the trailing twelve-month figure through Dec 2025 stood at $10.9 million (up 19.92% YoY), and the FY2025 full-year result was $10.8 million, up 18.39% from the prior year.
• Construction in Progress grew to $10.9 million in Q4 2025 per HSAI's latest filing, from $9.1 million in the prior quarter.
• Across five years, Construction in Progress topped out at $74.2 million in Q4 2023 and bottomed at $9.1 million in Q4 2024.
• Historically, Construction in Progress has averaged $31.4 million across 3 years, with a median of $10.9 million in 2025.
• The sharpest annual moves came in 2024 and 2025: Construction in Progress tumbled 87.73% in 2024, then climbed 19.92% in 2025.
• Over 3 years, Construction in Progress stood at $74.2 million in 2023, then sank by 87.73% to $9.1 million in 2024, then gained by 19.92% to $10.9 million in 2025.
• According to Business Quant data, Construction in Progress over the past three periods registered $10.9 million, $9.1 million, and $74.2 million for Q4 2025, Q4 2024, and Q4 2023 respectively.