Hesai (HSAI) Research & Development (2021 - 2026)
Hesai (HSAI) posted Research & Development of $34.07 million for the quarter ended Jun 30, 2026, compared with -$27.81 million a year earlier.
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Analysis
Hesai (HSAI) Research & Development (2021 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Research & Development at Hesai was -$54.36 million; for the year ended Dec 31, 2025, it was -$113.96 million.
- In prior years, Hesai's Research & Development was -$117.22 million in the year ended Dec 31, 2024, -$111.35 million in the year ended Dec 31, 2023, -$80.49 million in the year ended Dec 31, 2022 and -$57.12 million in the year ended Dec 31, 2021.
- The figure for the quarter ended Jun 30, 2026 stands as the highest quarterly Research & Development in data going back to the quarter ended Dec 31, 2021.
- According to Business Quant data, Research & Development for the three prior quarters was -$29.67 million (quarter ended Mar 31, 2026), -$30.82 million (quarter ended Dec 31, 2025) and -$27.93 million (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,865.08 Bn | 4,612.57 Bn | 54.77 Bn | 11.73 Bn |
| 2 | Cisco Systems | 424.71 Bn | 360.64 Bn | 11.06 Bn | 2.43 Bn |
| 3 | Dell Technologies | 344.52 Bn | 300.28 Bn | 9.83 Bn | 1.11 Bn |
| 4 | Arista Networks | 256.79 Bn | 210.25 Bn | 1.91 Bn | 348.20 Mn |
| 5 | Sandisk | 254.02 Bn | 242.55 Bn | 7.58 Bn | 348.00 Mn |
| 6 | Seagate Technology Holdings | 209.18 Bn | 204.17 Bn | 1.90 Bn | 188.00 Mn |
| 7 | Western Digital | 164.06 Bn | 152.19 Bn | 2.03 Bn | 284.00 Mn |
| 8 | Sony | 144.83 Bn | 95.22 Bn | 6.53 Bn | - |
| 9 | Lumentum Holdings | 86.05 Bn | 77.87 Bn | 477.30 Mn | 104.40 Mn |
| 10 | Hesai | 2.49 Bn | -1.01 Bn | 50.88 Mn | 34.07 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.07 Mn |
| Mar 31, 2026 | -29.67 Mn |
| Dec 31, 2025 | -30.82 Mn |
| Sep 30, 2025 | -27.93 Mn |
| Jun 30, 2025 | -27.81 Mn |
| Mar 31, 2025 | -25.26 Mn |
| Dec 31, 2024 | -33.21 Mn |
| Sep 30, 2024 | -31.39 Mn |
| Jun 30, 2024 | -27.33 Mn |
| Mar 31, 2024 | -26.92 Mn |
| Dec 31, 2023 | -32.18 Mn |
| Sep 30, 2023 | -26.39 Mn |
| Jun 30, 2023 | -22.20 Mn |
| Mar 31, 2023 | -30.36 Mn |
| Dec 31, 2022 | -25.93 Mn |
| Sep 30, 2022 | -23.93 Mn |
| Jun 30, 2022 | -16.38 Mn |
| Mar 31, 2022 | -16.49 Mn |
| Dec 31, 2021 | -24.68 Mn |
API Access
Hesai Research & Development 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=research-and-development&ticker=HSAI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=HSAI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();