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

Hesai (HSIGF) has reported Research & Development for 6 consecutive years, with -$29.7 million the latest figure, recorded in Q1 2026.

• Research & Development for Q1 2026 came in at -$29.7 million, down 17.46% year-over-year; the trailing twelve-month figure through Mar 2026 was -$116.2 million (up 0.8% YoY), and the FY2025 annual result was $114.0 million, down 2.78% from the prior year.
• Research & Development was -$29.7 million for Q1 2026 at Hesai, up from -$30.8 million in the prior quarter.
• Over five years, Research & Development peaked at -$16.4 million in Q2 2022 and troughed at -$33.2 million in Q4 2024.
• Average Research & Development over 5 years is -$26.7 million, with a median of -$27.3 million recorded in 2024.
• Year-over-year, Research & Development slumped 84.09% in 2023 and increased 11.32% in 2024.
• Over 5 years, Research & Development stood at -$25.9 million in 2022, then retreated by 24.12% to -$32.2 million in 2023, then decreased by 3.19% to -$33.2 million in 2024, then increased by 7.17% to -$30.8 million in 2025, then grew by 3.74% to -$29.7 million in 2026.
• Per Business Quant data, the three most recent Research & Development figures were -$29.7 million in Q1 2026, -$30.8 million in Q4 2025, and -$27.9 million in Q3 2025.