Hesai (HSAI) Total Debt (2022 - 2026)
Hesai (HSAI) recorded Total Debt of $106.88 million in the quarter ended Mar 31, 2026, up 118.9% from $48.82 million a year earlier and up 4.3% from the prior quarter.
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Analysis
Hesai (HSAI) Total Debt (2022 - 2026) Analysis & Trends
As of Dec 31, 2025, Hesai reported Total Debt of $125.43 million, up 46.5% from the prior year.
- Annual Total Debt has a three-year compound annual growth rate of 26.5% (years ended Dec 2022 to Dec 2025).
- Across earlier years, Total Debt came in at $85.6 million in the year ended Dec 31, 2024 (+50.1%), $57.02 million in the year ended Dec 31, 2023 (-7.9%) and $61.94 million in the year ended Dec 31, 2022.
- The figure for the quarter ended Mar 31, 2026 is the highest quarterly Total Debt in data going back to the quarter ended Dec 31, 2022.
- On a year-over-year basis, Total Debt has increased for four consecutive quarters, with growth averaging 31.6% over the last eight quarters.
- Peak year-over-year performance for Total Debt in the last five years was growth of 118.9% in the quarter ended Mar 31, 2026, against a decline of 4.0% in the quarter ended Dec 31, 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $102.5 million (quarter ended Dec 31, 2025), $64.42 million (quarter ended Sep 30, 2025) and $54.99 million (quarter ended Jun 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,865.08 Bn | 4,612.57 Bn | 54.77 Bn | 84.34 Bn |
| 2 | Cisco Systems | 424.71 Bn | 360.64 Bn | 11.06 Bn | 29.53 Bn |
| 3 | Dell Technologies | 344.52 Bn | 300.28 Bn | 9.83 Bn | 34.47 Bn |
| 4 | Arista Networks | 256.79 Bn | 210.25 Bn | 1.91 Bn | - |
| 5 | Sandisk | 254.02 Bn | 242.55 Bn | 7.58 Bn | - |
| 6 | Seagate Technology Holdings | 209.18 Bn | 204.17 Bn | 1.90 Bn | 3.57 Bn |
| 7 | Western Digital | 164.06 Bn | 152.19 Bn | 2.03 Bn | 1.05 Bn |
| 8 | Sony | 144.83 Bn | 95.22 Bn | 6.53 Bn | 7.55 Bn |
| 9 | Lumentum Holdings | 86.05 Bn | 77.87 Bn | 477.30 Mn | 1.64 Bn |
| 10 | Hesai | 2.49 Bn | -1.01 Bn | 50.88 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 106.88 Mn |
| Dec 31, 2025 | 102.50 Mn |
| Sep 30, 2025 | 64.42 Mn |
| Jun 30, 2025 | 54.99 Mn |
| Mar 31, 2025 | 48.82 Mn |
| Dec 31, 2024 | 86.98 Mn |
| Sep 30, 2024 | 49.51 Mn |
| Jun 30, 2024 | 49.88 Mn |
| Mar 31, 2024 | 48.91 Mn |
| Dec 31, 2023 | 56.23 Mn |
| Sep 30, 2023 | 47.78 Mn |
| Jun 30, 2023 | 42.36 Mn |
| Mar 31, 2023 | 32.09 Mn |
| Dec 31, 2022 | 58.54 Mn |
API Access
Hesai Total Debt 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=total-debt&ticker=HSAI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "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=total-debt&ticker=HSAI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();