Growth Metrics

Hesai (HSAI) Operating Expenses (2021 - 2025)

Historic Operating Expenses for Hesai (HSAI) over the last 5 years, with Q3 2025 value amounting to -$36.2 million.

  • Hesai's Operating Expenses rose 8919.28% to -$36.2 million in Q3 2025 from the same period last year, while for Sep 2025 it was -$133.7 million, marking a year-over-year increase of 8173.39%. This contributed to the annual value of $149.3 million for FY2024, which is 1405.1% down from last year.
  • Per Hesai's latest filing, its Operating Expenses stood at -$36.2 million for Q3 2025, which was up 8919.28% from -$38.8 million recorded in Q2 2025.
  • Hesai's Operating Expenses' 5-year high stood at -$23.9 million during Q4 2024, with a 5-year trough of -$334.7 million in Q3 2024.
  • Over the past 5 years, Hesai's median Operating Expenses value was -$207.6 million (recorded in 2021), while the average stood at -$173.5 million.
  • Its Operating Expenses has fluctuated over the past 5 years, first plummeted by 7284.4% in 2023, then skyrocketed by 8919.28% in 2025.
  • Hesai's Operating Expenses (Quarter) stood at -$221.9 million in 2021, then fell by 18.47% to -$262.9 million in 2022, then skyrocketed by 78.88% to -$55.5 million in 2023, then skyrocketed by 56.96% to -$23.9 million in 2024, then plummeted by 51.34% to -$36.2 million in 2025.
  • Its Operating Expenses was -$36.2 million in Q3 2025, compared to -$38.8 million in Q2 2025 and -$34.8 million in Q1 2025.