Hesai reported revenue of $126.87M and net income of $10.40M for the quarter ended Jun 2026, up 28.7% year over year. This income statement covers 19 quarters of results from Dec 2021 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Income Statement | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue & cost | |||||||||||||||||||
| Revenue | 40.87M | 39.15M | 32.03M | 48.81M | 59.33M | 62.84M | 62.87M | 61.60M | 79.04M | 49.74M | 63.14M | 76.87M | 98.61M | 72.39M | 98.61M | 111.73M | 143.07M | 98.66M | 126.87M |
| Cost of RevenueCost of Rev | 19.44M | 19.21M | 17.02M | 30.72M | 41.52M | 38.92M | 42.63M | 42.41M | 46.44M | 30.46M | 34.68M | 40.17M | 60.10M | 42.18M | 56.66M | 64.69M | 84.37M | 60.09M | 75.99M |
| Gross Profit | 21.43M | 19.93M | 15.00M | 18.09M | 17.81M | 23.68M | 18.09M | 18.66M | 32.60M | 19.28M | 28.46M | 36.69M | 38.50M | 30.21M | 41.95M | 47.04M | 58.70M | 38.56M | 50.88M |
| Operating items | |||||||||||||||||||
| Research & DevelopmentR&D | -24.68M | -16.49M | -16.38M | -23.93M | -25.93M | -30.36M | -22.20M | -26.39M | -32.18M | -26.92M | -27.33M | -31.39M | -33.21M | -25.26M | -27.81M | -27.93M | -30.82M | -29.67M | 34.07M |
| Selling, General & AdministrativeSG&A | -8.06M | -7.05M | -10.21M | -6.04M | -6.91M | -7.21M | -7.82M | -11.03M | -18.79M | -9.52M | -9.10M | -10.90M | -14.45M | -7.45M | -8.89M | -10.31M | -13.96M | -7.65M | 9.87M |
| Other Operating ExpensesOther Opex | 1.34M | 0.09M | 0.38M | 0.42M | 0.71M | 0.40M | -0.01M | 0.90M | 2.43M | 3.80M | 2.46M | 1.18M | 30.48M | 4.86M | 3.86M | 8.20M | 8.61M | 3.53M | 0.69M |
| Operating ExpensesOpex | -34.71M | -26.49M | -29.31M | -33.02M | -38.12M | -42.32M | -33.74M | -41.58M | -55.54M | -38.46M | -41.64M | -47.70M | -23.90M | -34.82M | -38.76M | -36.17M | -44.12M | -39.81M | 50.56M |
| Operating IncomeOp. Inc | -13.28M | -6.56M | -14.31M | -14.93M | -20.31M | -18.71M | -16.21M | -23.12M | -22.93M | -19.18M | -13.18M | -11.01M | 14.60M | -4.61M | 3.19M | 10.87M | 14.58M | -1.24M | 0.32M |
| EBIT | -13.28M | -6.56M | -14.31M | -14.93M | -20.31M | -18.71M | -16.21M | -23.12M | -22.93M | -19.18M | -13.18M | -10.78M | 14.60M | -4.60M | 3.19M | 10.81M | 14.58M | -1.24M | 0.32M |
| Non-operating items | |||||||||||||||||||
| Non Operating Interest Expenses | -0.07M | -0.08M | -0.16M | -0.12M | -0.32M | -0.46M | -0.51M | -0.50M | -0.69M | -0.91M | -0.45M | -0.59M | -0.84M | 0.60M | |||||
| Interest & Investment IncomeInt & Inv Inc | 5.39M | ||||||||||||||||||
| Other Non Operating IncomeOther Non Op Inc. | -0.54M | -0.03M | -1.07M | -0.01M | -0.66M | -0.02M | 7.65M | -0.00M | -1.58M | -0.03M | 0.04M | -1.95M | 3.18M | -0.10M | -0.23M | -3.06M | -2.08M | -3.51M | 3.42M |
| Net income details | |||||||||||||||||||
| EBT | -10.95M | -6.56M | -14.31M | -14.93M | -19.62M | -18.64M | -16.12M | -22.96M | -22.82M | -18.86M | -12.72M | -10.28M | 15.10M | -3.91M | 4.10M | 11.26M | 15.18M | -0.39M | 10.36M |
| Tax ProvisionsTaxes | 312.82 | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.01M | -0.10M | -0.03M | -0.05M | 0.01M | -0.08M | 0.01M | -0.01M | -3.86M | -0.47M | -288.74 | 440.58 |
| Profit After TaxPAT | -10.95M | -3.95M | -10.56M | -10.34M | -19.61M | -17.38M | -10.62M | -19.60M | -19.85M | -14.81M | -9.92M | -10.03M | 20.13M | -2.42M | 6.15M | 35.98M | 21.90M | 2.65M | 10.40M |
| Equity Income | -0.00M | -0.00M | -0.00M | -0.00M | -0.00M | -0.00M | -0.00M | -0.00M | -0.00M | -0.00M | 0.00M | -0.00M | -0.00M | -0.00M | -0.01M | ||||
| Investment IncomeInv. Income | -19.47M | -14.73M | -9.83M | 20.22M | -2.42M | 6.17M | 39.85M | 22.38M | 2.65M | 10.40M | |||||||||
| Income from Non-Controlling InterestsInc. Minority | 5.29M | 3.94M | 3.61M | 4.04M | |||||||||||||||
| Income from Continuing OperationsIncome (Continuing) | -10.95M | -6.56M | -14.31M | -14.94M | -19.62M | -18.65M | -16.12M | -22.97M | -22.71M | -18.82M | -12.67M | -10.29M | 15.18M | -3.92M | 4.12M | 15.10M | 15.65M | -0.39M | 10.36M |
| Consolidated Net IncomeConsol Net Inc. | -10.95M | -6.56M | -14.31M | -14.94M | -19.62M | -18.65M | -16.12M | -22.97M | -22.71M | -18.82M | -12.67M | -10.29M | 15.18M | -3.92M | 4.12M | 15.10M | 15.65M | -0.39M | 10.36M |
| Income towards Parent CompanyParent Net Inc | -10.95M | -6.56M | -14.31M | -14.94M | -19.62M | -18.65M | -16.12M | -22.97M | -22.71M | -18.82M | -12.67M | -10.29M | 15.18M | -3.92M | 4.12M | 15.10M | 15.65M | -0.39M | 10.36M |
| Preferred Dividend PaymentsPref Dividends | -0.72M | -5.78M | -29.70M | -31.21M | -0.06M | ||||||||||||||
| Net Income towards Common StockholdersNet Income | -11.67M | -9.73M | -40.26M | -41.56M | -19.67M | -17.38M | -10.62M | -19.60M | -19.85M | -14.81M | -9.92M | -10.03M | 20.46M | -2.42M | 6.15M | 35.98M | 21.90M | 2.65M | 10.40M |
| Additional items | |||||||||||||||||||
| EPS (Basic) | -0.11 | -0.09 | -0.38 | -0.40 | -0.17 | -0.15 | -0.09 | -0.17 | -0.16 | -0.12 | -0.08 | -0.08 | 0.16 | -0.02 | 0.05 | 0.28 | 0.16 | 0.02 | 0.07 |
| EPS (Diluted) | -0.11 | -0.09 | -0.38 | -0.40 | -0.17 | -0.15 | -0.09 | -0.17 | -0.16 | -0.12 | -0.08 | -0.08 | 0.16 | -0.02 | 0.05 | 0.28 | 0.15 | 0.02 | 0.07 |
| Shares Outstanding | 104.99M | 104.99M | 104.99M | 104.99M | 115.53M | 115.53M | 115.53M | 115.53M | 124.78M | 124.78M | 124.78M | 124.78M | 129.19M | 129.19M | 129.19M | 129.19M | 139.15M | 139.15M | 139.15M |
| Shares Outstanding (Diluted)Shares Outstanding (Dil.) | 104.99M | 104.99M | 104.99M | 104.99M | 115.53M | 115.53M | 115.53M | 115.53M | 124.78M | 124.78M | 124.78M | 124.78M | 129.19M | 129.19M | 129.19M | 129.19M | 146.44M | 146.44M | 146.44M |
| Shares Outstanding (Entity)Shares Outstanding (Entity.) | 104.99M | 115.53M | 124.78M | 129.19M | 156.15M | ||||||||||||||
| EBITDA | -13.28M | -6.56M | -14.31M | -14.93M | -20.31M | -18.71M | -16.21M | -23.12M | -22.93M | -19.18M | -13.18M | -10.78M | 14.60M | -4.60M | 3.19M | 10.81M | 14.58M | -1.24M | 0.32M |
| Interest ExpensesInt Expense | -0.07M | -0.08M | -0.16M | -0.12M | -0.32M | -0.46M | -0.50M | -0.50M | -0.69M | -0.91M | -0.45M | -0.59M | -0.84M | 0.60M | |||||
| Tax Rate | 0.00% | -0.03% | -0.01% | -0.02% | -0.02% | -0.01% | -0.01% | -0.02% | 0.45% | 0.18% | 0.40% | -0.10% | -0.53% | -0.23% | -0.32% | -34.30% | -3.12% | 0.07% | 0.00% |