Hesai (HSAI) Invested Capital (2022 - 2026)
Hesai's Invested Capital was $1.4 billion in the quarter ended Mar 31, 2026, up 118.7% from $638.23 million a year earlier and up 2.2% from the prior quarter.
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Analysis
Hesai (HSAI) Invested Capital (2022 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Invested Capital at Hesai came in at $1.41 billion, up 125.3% from the prior year.
- In earlier years, Invested Capital was $624.24 million in the year ended Dec 31, 2024 (+3.9%), $601.02 million in the year ended Dec 31, 2023 and -$394.07 million in the year ended Dec 31, 2022.
- The figure for the quarter ended Mar 31, 2026 marks the highest quarterly Invested Capital in data going back to the quarter ended Dec 31, 2022.
- Compared with a year earlier, Invested Capital has increased for six straight quarters, with growth averaging 48.2% over the last eight quarters.
- The best year-over-year quarter for Invested Capital over five years was the quarter ended Sep 30, 2025 (growth of 124.1%); the worst was the quarter ended Mar 31, 2024 (a decline of 7.6%).
- Per Business Quant data, HSAI's Invested Capital in the three quarters before the quarter ended Mar 31, 2026 was $1.37 billion (quarter ended Dec 31, 2025), $1.3 billion (quarter ended Sep 30, 2025) and $662.96 million (quarter ended Jun 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,094.46 Bn | 4,841.95 Bn | 54.77 Bn | 191.86 Bn |
| 2 | Cisco Systems | 415.82 Bn | 351.75 Bn | 11.06 Bn | 79.82 Bn |
| 3 | Dell Technologies | 290.96 Bn | 246.72 Bn | 9.83 Bn | 33.04 Bn |
| 4 | Arista Networks | 216.33 Bn | 169.79 Bn | 1.91 Bn | - |
| 5 | Sandisk | 186.25 Bn | 174.78 Bn | 7.58 Bn | 15.74 Bn |
| 6 | Sony | 156.84 Bn | 94.10 Bn | 6.53 Bn | 61.63 Bn |
| 7 | Seagate Technology Holdings | 140.29 Bn | 135.28 Bn | 1.90 Bn | 5.73 Bn |
| 8 | Western Digital | 121.85 Bn | 109.98 Bn | 2.03 Bn | 9.92 Bn |
| 9 | Hewlett Packard Enterprise | 74.03 Bn | 51.91 Bn | 4.93 Bn | 46.82 Bn |
| 10 | Hesai | 1.69 Bn | -1.83 Bn | 50.88 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 1.38 Bn |
| Dec 31, 2025 | 1.41 Bn |
| Sep 30, 2025 | 1.31 Bn |
| Jun 30, 2025 | 662.96 Mn |
| Mar 31, 2025 | 669.41 Mn |
| Dec 31, 2024 | 643.35 Mn |
| Sep 30, 2024 | 579.98 Mn |
| Jun 30, 2024 | 569.02 Mn |
| Mar 31, 2024 | 575.21 Mn |
| Dec 31, 2023 | 614.86 Mn |
| Sep 30, 2023 | 558.02 Mn |
| Jun 30, 2023 | 575.85 Mn |
| Mar 31, 2023 | 606.19 Mn |
| Dec 31, 2022 | -449.04 Mn |
API Access
Hesai Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=HSAI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "HSAI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=HSAI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();