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Hesai Group (HSAI) Revenue & Revenue Breakdown

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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

DateRevenueChange
2023-12-31$1.88B56.07%
2022-12-31$1.20B66.86%
2021-12-31$720.77M73.46%
2020-12-31$415.51M19.37%
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

DateRevenueChange
2024-03-31$359.12M-36.01%
2023-12-31$561.18M25.95%
2023-09-30$445.56M1.19%
2023-06-30$440.31M2.42%
2023-03-31$429.93M5.07%
2022-12-31$409.19M22.56%
2022-09-30$333.85M58.09%
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/ServiceDec 23Dec 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

CountryDec 23Dec 22
Mainland China$991.91M$697.29M
Other Geographical Region$66.43M$60.67M
North America$748.15M$358.55M
Europe$70.50M$86.15M

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.