Hesai (HSIGF) Research & Development (2021 - 2026)
Hesai (HSIGF) recorded Research & Development of $34.07 million in Q2 2026, up 22.5% from $27.81 million a year earlier and up 14.8% from the prior quarter.
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Analysis
Hesai (HSIGF) Research & Development (2021 - 2026) Analysis & Trends
On a TTM basis, Hesai's Research & Development came in at $122.5 million as of Jun 30, 2026, up 4.1% year-over-year; for FY2025, it came in at $113.96 million, down 2.8% from FY2024.
- Annual Research & Development has a five-year compound annual growth rate of 27.9% (FY2020 to FY2025).
- Across earlier years, Research & Development came in at $117.22 million in FY2024 (+5.3%), $111.35 million in FY2023 (+38.3%), $80.49 million in FY2022 (+40.9%) and $57.12 million in FY2021 (+71.5%).
- The Q2 2026 figure is the highest quarterly Research & Development in data going back to Q4 2021.
- On a year-over-year basis, Research & Development rose in five of the last eight quarters, with growth averaging 4.9%.
- Peak year-over-year performance for Research & Development in the last five years was growth of 84.1% in Q1 2023, against a decline of 11.3% in Q1 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $29.67 million (Q1 2026), $30.82 million (Q4 2025) and $27.93 million (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.07 Mn |
| Mar 31, 2026 | 29.67 Mn |
| Dec 31, 2025 | 30.82 Mn |
| Sep 30, 2025 | 27.93 Mn |
| Jun 30, 2025 | 27.81 Mn |
| Mar 31, 2025 | 25.26 Mn |
| Dec 31, 2024 | 33.21 Mn |
| Sep 30, 2024 | 31.39 Mn |
| Jun 30, 2024 | 27.33 Mn |
| Mar 31, 2024 | 26.92 Mn |
| Dec 31, 2023 | 32.18 Mn |
| Sep 30, 2023 | 26.39 Mn |
| Jun 30, 2023 | 22.20 Mn |
| Mar 31, 2023 | 30.36 Mn |
| Dec 31, 2022 | 25.93 Mn |
| Sep 30, 2022 | 23.93 Mn |
| Jun 30, 2022 | 16.38 Mn |
| Mar 31, 2022 | 16.49 Mn |
| Dec 31, 2021 | 24.68 Mn |
API Access
Hesai Research & Development 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=research-and-development&ticker=HSIGF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=HSIGF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();