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

Hesai (HSAI) has reported Cost of Revenue for 6 consecutive years, with $6.0 million the latest figure, recorded in Q1 2026.

• Cost of Revenue for Q1 2026 came in at $6.0 million, down 13.61% year-over-year; the trailing twelve-month figure through Mar 2026 was $26.0 million (down 7.01% YoY), and the FY2025 annual result was $27.5 million, up 3.82% from the prior year.
• Cost of Revenue was $6.0 million for Q1 2026 at Hesai, down from $7.9 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $7.9 million in Q4 2025 and troughed at $3.0 million in Q1 2022.
• Average Cost of Revenue over 5 years is $5.7 million, with a median of $6.0 million recorded in 2022.
• Year-over-year, Cost of Revenue surged 106.6% in 2024 and decreased 23.01% in 2025.
• Over 5 years, Cost of Revenue stood at $6.0 million in 2022, then climbed by 16.64% to $7.0 million in 2023, then declined by 3.83% to $6.7 million in 2024, then increased by 17.96% to $7.9 million in 2025, then dropped by 24.17% to $6.0 million in 2026.
• Per Business Quant data, the three most recent Cost of Revenue figures were $6.0 million in Q1 2026, $7.9 million in Q4 2025, and $6.1 million in Q3 2025.