Hesai (HSIGF) Cost of Revenue (2021 - 2026)
Hesai (HSIGF) recorded Cost of Revenue of $75.99 million in Q2 2026, up 34.1% from $56.66 million a year earlier and up 26.4% from the prior quarter.
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Analysis
Hesai (HSIGF) Cost of Revenue (2021 - 2026) Analysis & Trends
On a TTM basis, Hesai's Cost of Revenue came in at $285.14 million as of Jun 30, 2026, up 43.2% year-over-year; for FY2025, it came in at $252.03 million, up 54.3% from FY2024.
- Annual Cost of Revenue has a five-year compound annual growth rate of 58.0% (FY2020 to FY2025).
- Across earlier years, Cost of Revenue came in at $163.38 million in FY2024 (-4.6%), $171.22 million in FY2023 (+61.6%), $105.94 million in FY2022 (+101.6%) and $52.55 million in FY2021 (+105.2%).
- Quarterly Cost of Revenue has ranged from $17.02 million in Q2 2022 to $84.37 million in Q4 2025 over the past five years.
- On a year-over-year basis, Cost of Revenue has increased for seven consecutive quarters, with growth averaging 38.0% over the last eight quarters.
- Peak year-over-year performance for Cost of Revenue in the last five years was growth of 150.4% in Q2 2023, against a decline of 21.8% in Q1 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $60.1 million (Q1 2026), $84.37 million (Q4 2025) and $64.69 million (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 75.99 Mn |
| Mar 31, 2026 | 60.10 Mn |
| Dec 31, 2025 | 84.37 Mn |
| Sep 30, 2025 | 64.69 Mn |
| Jun 30, 2025 | 56.66 Mn |
| Mar 31, 2025 | 42.18 Mn |
| Dec 31, 2024 | 60.11 Mn |
| Sep 30, 2024 | 40.17 Mn |
| Jun 30, 2024 | 34.68 Mn |
| Mar 31, 2024 | 30.46 Mn |
| Dec 31, 2023 | 46.44 Mn |
| Sep 30, 2023 | 42.41 Mn |
| Jun 30, 2023 | 42.64 Mn |
| Mar 31, 2023 | 38.92 Mn |
| Dec 31, 2022 | 41.52 Mn |
| Sep 30, 2022 | 30.72 Mn |
| Jun 30, 2022 | 17.02 Mn |
| Mar 31, 2022 | 19.21 Mn |
| Dec 31, 2021 | 19.44 Mn |
API Access
Hesai Cost of Revenue 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=cost-of-revenue&ticker=HSIGF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "HSIGF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=HSIGF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();