Hesai (HSAI) Cost of Revenue (2021 - 2026)

Hesai (HSAI) has 6 years of Cost of Revenue data on file, last reported at $60.1 million in Q1 2026.

• Quarterly Cost of Revenue rose 42.48% year-over-year to $60.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $265.8 million (up 50.06% YoY) and the FY2025 annual result came in at $252.0 million, up 54.26% from the prior year.
• Cost of Revenue fell to $60.1 million in Q1 2026, from $84.4 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $84.4 million in Q4 2025 to a low of $17.0 million in Q2 2022.
• A 5-year average of $44.3 million and a median of $42.2 million in 2025 frame the typical range for Cost of Revenue.
• Annual changes were most pronounced in 2023 — Cost of Revenue surged 150.44% — and 2024, when it fell 21.75%.
• Tracing HSAI's Cost of Revenue over 5 years: stood at $41.5 million in 2022, then increased by 11.86% to $46.4 million in 2023, then grew by 29.43% to $60.1 million in 2024, then surged by 40.37% to $84.4 million in 2025, then slipped by 28.77% to $60.1 million in 2026.
• The last three Cost of Revenue figures came in at $60.1 million (Q1 2026), $84.4 million (Q4 2025), and $64.7 million (Q3 2025), per Business Quant data.