Hesai (HSIGF) Operating Expenses (2021 - 2026)

Hesai has reported Operating Expenses for 6 years, with the latest figure at -$39.8 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses fell 14.32% year-over-year to -$39.8 million; the trailing twelve-month figure through Mar 2026 stood at -$158.9 million (down 7.29% YoY), and the FY2025 full-year result was $156.8 million, up 5.04% from the prior year.
• Operating Expenses for Q1 2026 stood at -$39.8 million, up from -$44.1 million in the prior quarter.
• The five-year high for Operating Expenses was -$23.9 million in Q4 2024, with the low at -$55.5 million in Q4 2023.
• Historically, Operating Expenses has averaged -$38.0 million across 5 years, with a median of -$38.5 million in 2024.
• Annual changes were most pronounced in 2024 — Operating Expenses surged 56.96% — and 2025, when it tumbled 84.56%.
• Hesai's Operating Expenses stood at -$38.1 million in 2022, then plunged by 45.68% to -$55.5 million in 2023, then surged by 56.96% to -$23.9 million in 2024, then plunged by 84.56% to -$44.1 million in 2025, then increased by 9.77% to -$39.8 million in 2026.
• The last three Operating Expenses figures came in at -$39.8 million (Q1 2026), -$44.1 million (Q4 2025), and -$36.2 million (Q3 2025), per Business Quant data.