Saturday 17 October 2026
Export HSAI’s income statement to Excel — free account
Hesai Group Sponsored ADR
HSAI Consumer Cyclical Auto Parts
Hesai Group Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $432.9 million, up 52.1% from fiscal 2024. In the quarter to June 2026, revenue grew 28.7%, EPS grew 32.8%, free cash flow fell 29.9% and total debt fell 10.5%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.
12.42
0.94
−7.04%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | |
|---|---|---|---|---|---|---|---|
Piotroski F-Score |
6 | 5 | 5 | 3 | 2 | — | — |
P/E ratio |
52.09 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Altman Z-Score |
6.18 | 3.85 | 2.46 | — | — | — | — |
P/S ratio |
7.20 | 6.27 | 3.86 | 0.00 | 0.00 | 0.00 | 0.00 |
Altman Z″-Score (non-manufacturers) |
6.34 | 3.26 | 3.22 | 0.19 | 1.65 | 10.76 | 7.43 |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Beneish M-Score |
(0.12) | (2.46) | (2.57) | 1.14 | (2.34) | (0.05) | — |
P/Operating CF |
186.28 | 205.24 | 126.56 | (81.53) | (81.53) | (81.53) | (81.53) |
P/B ratio |
2.43 | 3.31 | 1.88 | 0.00 | 0.00 | 0.00 | 0.00 |
Price to Tangible BV |
2.46 | 3.38 | 1.92 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
5.87 | 5.03 | 2.40 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/EBITDA |
72.69 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
(218.53) | (17.00) | (5.07) | 0.00 | 0.00 | 0.00 | 0.00 |
EV/FCF |
(23.02) | (6.80) | (2.57) | 0.00 | 0.00 | 0.00 | 0.00 |
Quick Ratio |
3.18 | 2.44 | 2.75 | 2.46 | 3.23 | 6.14 | 3.97 |
Current Ratio |
3.73 | 2.87 | 3.29 | 3.28 | 3.92 | 7.25 | 4.32 |
Net Debt/EBITDA |
(13.78) | 35.43 | 5.66 | 5.53 | 11.78 | 9.65 | (94.36) |
Debt/Assets |
6.46% | 10.26% | 7.02% | 1.65% | 0.00% | 0.00% | 0.00% |
Debt/Equity |
0.08 | 0.16 | 0.10 | (0.02) | 0.00 | 0.00 | 0.00 |
Asset Turnover |
0.36 | 0.35 | 0.39 | 0.31 | 0.27 | 0.32 | 0.00 |
Operating CF/Net income |
0.27 | (0.62) | (0.12) | 0.93 | 0.09 | 3.28 | (0.26) |
Capex/Depreciation |
(2.43) | (2.06) | (4.81) | (4.48) | (8.44) | 0.00 | 0.00 |
Interest Coverage |
8.92 | (15.98) | (186.36) | (6.29) | (7.38) | (11.20) | 0.11 |
| 6.85% | (2.59%) | (152.38%) | 26.88% | 391.82% | (20.77%) | 0.00% | |
| 5.13% | (1.73%) | (9.90%) | (19.48%) | (91.31%) | (8.20%) | 0.00% | |
ROIC |
2.14% | (9.55%) | (32.02%) | 0.00% | 0.00% | 0.00% | 0.00% |
Return on Tangible Assets |
6.95% | (2.56%) | (12.10%) | (27.83%) | (84.03%) | (9.10%) | (18.60%) |
Average Days of Receivables |
152.17 | 135.32 | 103.03 | 148.73 | 45.26 | 119.53 | 55.27 |
Research and Development Expense of Revenue |
26.32% | 41.19% | 42.12% | 46.16% | 51.12% | 55.27% | 43.04% |
Selling, General and Administrative Expense of Revenue |
15.88% | 24.55% | 24.98% | 25.43% | 42.45% | 30.43% | 26.96% |
Intangible Assets out of Total Assets |
0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Share Based Compensation of Revenue |
3.79% | 5.59% | 12.50% | 8.75% | 7.53% | 0.00% | 0.00% |
Graham Net Nets |
0.22 | 0.20 | 0.36 | (0.23) | (0.23) | (0.23) | (0.23) |
Graham Number |
9.44 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
1.92% | (0.94%) | (6.48%) | (5.31%) | (5.31%) | (5.31%) | (5.31%) |
Free Cash Flow Yield |
(3.54%) | (11.79%) | (24.17%) | 0.00% | 0.00% | 0.00% | 0.00% |
Revenue per Share |
3.11 | 2.20 | 2.12 | 1.51 | 0.97 | 0.63 | 0.53 |
Operating CF per Share |
0.12 | 0.07 | 0.06 | (0.87) | (0.31) | (0.53) | 0.07 |
Capex per Share |
(0.31) | (0.29) | (0.47) | (0.30) | (0.32) | 0.00 | 0.00 |
Free Cash Flow per Share |
(0.19) | (0.22) | (0.40) | (1.18) | (0.62) | (0.53) | 0.07 |
Cash per Share |
4.89 | 3.40 | 3.55 | 2.33 | 3.74 | 1.43 | 1.54 |
Shareholders Equity per Share |
9.21 | 4.17 | 4.36 | (3.95) | (3.33) | 1.82 | 1.40 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
9.21 | 4.17 | 4.36 | (3.95) | (3.33) | 1.82 | 1.40 |
Free Cash Flow |
(26.31) | (28.48) | (50.34) | (135.77) | (65.62) | (51.00) | 6.68 |
Working Capital |
739.85 | 418.36 | 431.34 | 316.01 | 365.67 | 159.41 | 129.07 |
Capital Expenditures |
(43.04) | (37.18) | (58.40) | (34.85) | (33.51) | (11.09) | (5.73) |
Net Current Asset Value |
681.62 | 359.59 | 365.83 | (558.12) | (414.66) | 158.16 | 123.05 |
EV/EBIT |
105.27 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.10 | 0.13 | 0.22 | 0.20 | 0.33 | 0.00 | 0.00 |
Price to Operating Income |
129.16 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other line items | |||||||
Depreciation/Fixed assets |
0.11 | 0.14 | 0.10 | 0.11 | 0.09 | 0.25 | 0.19 |
Cash ROIC |
(1.27%) | (2.68%) | (4.83%) | 76.58% | (154.85%) | (16.41%) | 2.38% |
Accounts Receivable Turnover |
3.03 | 3.16 | 3.63 | 4.17 | 6.28 | 4.40 | 0.00 |
Accounts Payable Turnover |
3.82 | 3.83 | 5.04 | 5.19 | 4.93 | 4.59 | 0.00 |
Inventory Turnover |
3.11 | 2.40 | 2.09 | 1.44 | 1.21 | 1.38 | 0.00 |
Average Days of Payables |
122.72 | 105.59 | 80.90 | 103.24 | 83.21 | 120.93 | 65.17 |
Days of Inventory on Hand |
138.85 | 147.56 | 148.89 | 323.12 | 405.14 | 366.97 | 278.95 |
Average Receivables |
143.00 | 90.06 | 72.84 | 41.81 | 16.14 | 13.67 | — |
Average Payables |
66.00 | 42.61 | 33.96 | 20.41 | 9.67 | 5.57 | — |
Average Inventory |
80.96 | 67.95 | 81.81 | 73.34 | 39.31 | 18.58 | — |
Average Assets |
1,215.46 | 809.06 | 677.11 | 556.14 | 378.13 | 189.50 | — |
Average Common Equity |
909.87 | 541.32 | 43.99 | (403.07) | (88.12) | 74.78 | — |
Columns are period end dates