Hesai Group (HSAI) Revenue & Revenue Breakdown
Hesai Group Revenue Highlights
Latest Revenue (Y)
$1.88B
Latest Revenue (Q)
$359.12M
Main Segment (Y)
Service, Other
Main Geography (Y)
Mainland China
Hesai Group Revenue by Period
Hesai Group Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $1.88B | 56.07% |
| 2022-12-31 | $1.20B | 66.86% |
| 2021-12-31 | $720.77M | 73.46% |
| 2020-12-31 | $415.51M | 19.37% |
| 2019-12-31 | $348.08M | - |
Hesai Group generated $1.88B in revenue during NA 2023, up 56.07% compared to the previous quarter, and up 0.00% compared to the same period a year ago.
Hesai Group Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $359.12M | -36.01% |
| 2023-12-31 | $561.18M | 25.95% |
| 2023-09-30 | $445.56M | 1.19% |
| 2023-06-30 | $440.31M | 2.42% |
| 2023-03-31 | $429.93M | 5.07% |
| 2022-12-31 | $409.19M | 22.56% |
| 2022-09-30 | $333.85M | 58.09% |
| 2022-06-30 | $211.18M | -15.00% |
| 2022-03-31 | $248.45M | -4.93% |
| 2021-12-31 | $261.33M | - |
Hesai Group generated $359.12M in revenue during Q1 2024, up -36.01% compared to the previous quarter, and up 87.76% compared to the same period a year ago.
Hesai Group Revenue Breakdown
Hesai Group Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 |
|---|---|---|
| Other Product Revenues | $2.77M | $5.66M |
| Service, Other | $11.61M | - |
| Extended Warranties | - | $7.70M |
Hesai Group's latest annual revenue breakdown by segment (product or service), as of Dec 23: Service, Other (80.71%), and Other Product Revenues (19.29%).
Hesai Group Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 |
|---|---|---|
| Other Geographical Region | $66.43M | $60.67M |
| Europe | $70.50M | $86.15M |
| Mainland China | $991.91M | $697.29M |
| North America | $748.15M | $358.55M |
Hesai Group's latest annual revenue breakdown by geography, as of Dec 23: Mainland China (52.85%), North America (39.86%), Europe (3.76%), and Other Geographical Region (3.54%).
HSAI Revenue FAQ
What is Hesai Group’s yearly revenue?
Hesai Group's yearly revenue for 2023 was $1.88B, representing an increase of 56.07% compared to 2022. The company's yearly revenue for 2022 was $1.2B, representing an increase of 66.86% compared to 2021. HSAI's yearly revenue for 2021 was $720.77M, representing an increase of 73.46% compared to 2020.
What is Hesai Group’s quarterly revenue?
Hesai Group's quarterly revenue for Q1 2024 was $359.12M, a -36.01% decrease from the previous quarter (Q4 2023), and a -16.47% decrease year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $561.18M, a 25.95% increase from the previous quarter (Q3 2023), and a 37.15% increase year-over-year (Q4 2022). HSAI's quarterly revenue for Q3 2023 was $445.56M, a 1.19% increase from the previous quarter (Q2 2023), and a 33.46% increase year-over-year (Q3 2022).
What is Hesai Group’s revenue growth rate?
Hesai Group's revenue growth rate for the last 3 years (2021-2023) was 160.42%, and for the last 5 years (2019-2023) was 439.23%.
What are Hesai Group’s revenue streams?
Hesai Group's revenue streams in c 23 are Other Product Revenues, and Service, Other. Other Product Revenues generated $2.77M in revenue, accounting 19.29% of the company's total revenue, down -51.03% year-over-year. Service, Other generated $11.61M in revenue, accounting 80.71% of the company's total revenue
What is Hesai Group’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Hesai Group was Service, Other. This segment made a revenue of $11.61M, representing 80.71% of the company's total revenue.