Hesai Group revenue

Hesai Group's revenue was $421m in fiscal 2025, up 45.9% on the year before. Since fiscal 2020 ($60.2m) it has grown at a compound 47.6% a year.

Revenue history

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Hesai Group: revenue history, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	60	112	179	265	289	421
Growth on the year before	—	+85.5%	+60.3%	+48.1%	+8.8%	+45.9%
Gross profit	35	59	70	93	123	176
Gross margin	57.5%	53.0%	39.2%	35.2%	42.6%	41.8%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Revenue against peers

Automotive Parts & Equipment: the closest covered companies by revenue. Last twelve months.

Company	Revenue	Growth	3-year growth a year
Hesai Group	$421m	45.9%	—
Strattec Security Corp	$574m	-0.7%	4.2%
Holley Inc.	$613m	3.3%	-2.2%
Commercial Vehicle Group, Inc.	$730m	11.0%	-1.5%
China Automotive Systems, Inc.	$766m	17.6%	—
Motorcar Parts Of America Inc	$769m	-0.8%	4.3%

Compare with peers

Head to head: HSAI vs STRT HLLY vs HSAI CVGI vs HSAI

More: Automotive Parts & Equipment stocks compared, Consumer Discretionary sector, rankings of US companies

Figures from Hesai Group's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Hesai Group.