Hesai (HSIGF) Gross Margin (2021 - 2026)
Hesai (HSIGF) reported Gross Margin of 40.11% for Q2 2026, down 2.43 percentage points from 42.54% a year earlier but up 1.02 percentage points from the prior quarter.
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Analysis
Hesai (HSIGF) Gross Margin (2021 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Hesai's Gross Margin came in at 40.64%, down 1.89 percentage points year-over-year; for FY2025, it came in at 41.79%, down 0.80 percentage points from FY2024.
- Gross Margin has a five-year change of -15.71 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 42.59% in FY2024 (+7.35 pp), 35.24% in FY2023 (-4.01 pp), 39.25% in FY2022 (-13.73 pp) and 52.97% in FY2021 (-4.53 pp).
- Five-year quarterly Gross Margin spans a low of 28.77% in Q2 2023 and a high of 52.43% in Q4 2021.
- Year over year, Gross Margin gained in three of the last eight quarters, with an average year-over-year change of +0.87 percentage points.
- The high point for year-over-year Gross Margin in five years was Q3 2024 (a gain of 17.45 percentage points); the low point was Q4 2022 (a drop of 22.41 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 39.09% (Q1 2026), 41.03% (Q4 2025) and 42.10% (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 40.11% |
| Mar 31, 2026 | 39.09% |
| Dec 31, 2025 | 41.03% |
| Sep 30, 2025 | 42.10% |
| Jun 30, 2025 | 42.54% |
| Mar 31, 2025 | 41.74% |
| Dec 31, 2024 | 39.05% |
| Sep 30, 2024 | 47.74% |
| Jun 30, 2024 | 45.07% |
| Mar 31, 2024 | 38.77% |
| Dec 31, 2023 | 41.25% |
| Sep 30, 2023 | 30.29% |
| Jun 30, 2023 | 28.77% |
| Mar 31, 2023 | 37.68% |
| Dec 31, 2022 | 30.02% |
| Sep 30, 2022 | 37.06% |
| Jun 30, 2022 | 46.84% |
| Mar 31, 2022 | 50.91% |
| Dec 31, 2021 | 52.43% |
API Access
Hesai Gross Margin 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=gross-margin&ticker=HSIGF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=HSIGF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();