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

Hesai has reported Cost of Revenue for 6 years, with the latest figure at $6.0 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue fell 13.61% year-over-year to $6.0 million; the trailing twelve-month figure through Mar 2026 stood at $26.0 million (down 7.01% YoY), and the FY2025 full-year result was $27.5 million, up 3.82% from the prior year.
• Cost of Revenue for Q1 2026 stood at $6.0 million, down from $7.9 million in the prior quarter.
• The five-year high for Cost of Revenue was $7.9 million in Q4 2025, with the low at $3.0 million in Q1 2022.
• Historically, Cost of Revenue has averaged $5.7 million across 5 years, with a median of $6.0 million in 2022.
• Annual changes were most pronounced in 2024 — Cost of Revenue soared 106.6% — and 2025, when it fell 23.01%.
• Hesai's Cost of Revenue stood at $6.0 million in 2022, then rose by 16.64% to $7.0 million in 2023, then decreased by 3.83% to $6.7 million in 2024, then advanced by 17.96% to $7.9 million in 2025, then retreated by 24.17% to $6.0 million in 2026.
• The last three Cost of Revenue figures came in at $6.0 million (Q1 2026), $7.9 million (Q4 2025), and $6.1 million (Q3 2025), per Business Quant data.