Hesai (HSAI) Research & Development (2021 - 2026)

Hesai (HSAI) has reported Research & Development for 6 consecutive years, with $34.1 million the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Research & Development rose 222.51% year-over-year to $34.1 million; the trailing twelve-month figure through Jun 2026 stood at -$54.4 million (up 53.8% YoY), and the FY2025 full-year result was -$114.0 million, up 2.78% from the prior year.
• Research & Development rose to $34.1 million in Q2 2026 per HSAI's latest filing, from -$29.7 million in the prior quarter.
• Across five years, Research & Development topped out at $34.1 million in Q2 2026 and bottomed at -$33.2 million in Q4 2024.
• Historically, Research & Development has averaged -$23.3 million across 5 years, with a median of -$27.1 million in 2024.
• The sharpest annual moves came in 2023 and 2026: Research & Development sank 84.09% in 2023, then surged 222.51% in 2026.
• Over 5 years, Research & Development stood at -$25.9 million in 2022, then fell by 24.12% to -$32.2 million in 2023, then retreated by 3.19% to -$33.2 million in 2024, then grew by 7.17% to -$30.8 million in 2025, then soared by 210.53% to $34.1 million in 2026.
• According to Business Quant data, Research & Development over the past three periods registered $34.1 million, -$29.7 million, and -$30.8 million for Q2 2026, Q1 2026, and Q4 2025 respectively.