Hesai (HSAI) Operating Expenses (2021 - 2026)

Hesai (HSAI) has reported Operating Expenses for 6 consecutive years, with -$39.8 million the latest figure, recorded in Q1 2026.

• Operating Expenses for Q1 2026 came in at -$39.8 million, down 14.32% year-over-year; the trailing twelve-month figure through Mar 2026 was -$158.9 million (down 7.29% YoY), and the FY2025 annual result was $156.8 million, up 5.04% from the prior year.
• Operating Expenses was -$39.8 million for Q1 2026 at Hesai, up from -$44.1 million in the prior quarter.
• Over five years, Operating Expenses peaked at -$23.9 million in Q4 2024 and troughed at -$55.5 million in Q4 2023.
• Average Operating Expenses over 5 years is -$38.0 million, with a median of -$38.5 million recorded in 2024.
• Year-over-year, Operating Expenses jumped 56.96% in 2024 and sank 84.56% in 2025.
• Over 5 years, Operating Expenses stood at -$38.1 million in 2022, then tumbled by 45.68% to -$55.5 million in 2023, then surged by 56.96% to -$23.9 million in 2024, then tumbled by 84.56% to -$44.1 million in 2025, then advanced by 9.77% to -$39.8 million in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were -$39.8 million in Q1 2026, -$44.1 million in Q4 2025, and -$36.2 million in Q3 2025.