Hesai Earnings Reports

Hesai delivered a profitable Q2 2025 with $98.6M in revenue and $6.2M in net income, driven by surging demand for ADAS lidar systems and robust operational execution.

Hesai Group delivered significant year-over-year improvements in Q1 2025, including nearly tripling lidar unit shipments, growing revenue by 46%, and turning a Non-GAAP profit. Losses narrowed substantially, and the company remains confident about full-year profitability.

Hesai Group's Q4 2024 revenue increased by 28.3% to $98.6 million. The company achieved a net income of $20.1 million, reversing the loss from the prior year. Operating income improved significantly to $14.6 million. Cash and cash equivalents increased to $439.1 million.