Hesai (HSAI) Operating Leases (2021 - 2026)
Hesai (HSAI) reported Operating Leases of $11.14 million for the quarter ended Mar 31, 2026, down 7.6% from $12.06 million a year earlier and down 7.7% from the prior quarter.
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Analysis
Hesai (HSAI) Operating Leases (2021 - 2026) Analysis & Trends
As of Dec 31, 2025, Hesai posted Operating Leases of $12.23 million, down 9.2% from the prior year.
- Operating Leases has a four-year compound annual growth rate of 35.4% (years ended Dec 2021 to Dec 2025).
- By year, Operating Leases came in at $13.48 million in the year ended Dec 31, 2024 (-19.9%), $16.82 million in the year ended Dec 31, 2023, $1.47 million in the year ended Dec 31, 2022 (-59.6%) and $3.64 million in the year ended Dec 31, 2021.
- Five-year quarterly Operating Leases spans a low of $589,000 in the quarter ended Sep 30, 2023 and a high of $21.45 million in the quarter ended Dec 31, 2023.
- Year over year, Operating Leases has now declined in each of the last six quarters, with an average decline of 23.4% over the last six quarters.
- The high point for year-over-year Operating Leases in five years was the quarter ended Dec 31, 2023 (growth of 238.1%); the low point was the quarter ended Dec 31, 2024 (a decline of 36.1%).
- Per Business Quant data, the three quarters before the quarter ended Mar 31, 2026 came in at $12.06 million (quarter ended Dec 31, 2025), $10.08 million (quarter ended Sep 30, 2025) and $10.79 million (quarter ended Jun 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Apple | 5,087.13 Bn | 4,834.62 Bn | 54.77 Bn |
| 2 | Cisco Systems | 413.90 Bn | 349.82 Bn | 11.06 Bn |
| 3 | Dell Technologies | 289.90 Bn | 245.66 Bn | 9.83 Bn |
| 4 | Arista Networks | 215.69 Bn | 169.14 Bn | 1.91 Bn |
| 5 | Sandisk | 184.10 Bn | 172.62 Bn | 7.58 Bn |
| 6 | Sony | 161.13 Bn | 100.89 Bn | 6.53 Bn |
| 7 | Seagate Technology Holdings | 145.63 Bn | 140.62 Bn | 1.90 Bn |
| 8 | Western Digital | 127.86 Bn | 115.99 Bn | 2.03 Bn |
| 9 | Hewlett Packard Enterprise | 73.67 Bn | 51.55 Bn | 4.93 Bn |
| 10 | Hesai | 1.90 Bn | -1.63 Bn | 50.88 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 11.14 Mn |
| Dec 31, 2025 | 12.23 Mn |
| Sep 30, 2025 | 10.08 Mn |
| Jun 30, 2025 | 10.79 Mn |
| Mar 31, 2025 | 12.06 Mn |
| Dec 31, 2024 | 13.48 Mn |
| Sep 30, 2024 | 14.77 Mn |
| Jun 30, 2024 | 15.08 Mn |
| Mar 31, 2024 | 15.99 Mn |
| Dec 31, 2023 | 16.80 Mn |
| Sep 30, 2023 | 589,000.00 |
| Jun 30, 2023 | 739,000.00 |
| Mar 31, 2023 | 998,000.00 |
| Dec 31, 2022 | 1.46 Mn |
| Dec 31, 2021 | 3.68 Mn |
API Access
Hesai Operating Leases 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=operating-leases&ticker=HSAI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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=operating-leases&ticker=HSAI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();