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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)

Other Product Revenues

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 24Dec 23Dec 22
Other Product Revenues$19.26M$2.77M$5.66M
Service, Other$10.83M$11.61M-
Extended Warranties--$7.70M

Hesai Group's latest annual revenue breakdown by segment (product or service), as of Dec 24: Other Product Revenues (64.00%), and Service, Other (36.00%).

Hesai Group Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 24Dec 23Dec 22
Europe$161.09M$70.50M$86.15M
Mainland China$1.54B$991.91M$697.29M
North America$280.87M$748.15M$358.55M
Other Geographical Region$92.39M$66.43M$60.67M

Hesai Group's latest annual revenue breakdown by geography, as of Dec 24: Mainland China (74.27%), North America (13.52%), Europe (7.76%), and Other Geographical Region (4.45%).

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 24 are Other Product Revenues, and Service, Other. Other Product Revenues generated $19.26M in revenue, accounting 64.00% of the company's total revenue, up 594.52% year-over-year. Service, Other generated $10.83M in revenue, accounting 36.00% of the company's total revenue, down -6.66% year-over-year.

What is Hesai Group’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Hesai Group was Other Product Revenues. This segment made a revenue of $19.26M, representing 64.00% of the company's total revenue.