HSAI
Hesai Group
NasdaqGSUSDEQUITY
Consumer Cyclical
DELAYED
Sell
-33/100
Last price
16.27
▲ 0.36 (2.26%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
Lower pane
Overlay another symbol
Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
—
Prev close
15.91
Day high
16.47
Day low
16.00
Volume
588.54K
Market cap
$20.45B
P/E (TTM)
34.62
52W range
14.29 – 29.35
Trailing performance
Returnvs SPY
1W
+4.83%
+2.9%
1M
-13.87%
-15.0%
3M
-0.61%
-5.1%
6M
-19.65%
-37.8%
YTD
-27.37%
-41.6%
1Y
-40.51%
-56.9%
3Y
+62.70%
-19.6%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on HSAI open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
6.81M
Total on file
Fundamentals
Market cap$20.45B
Enterprise value$-3.40B
Revenue (TTM)$3.34B
Gross profit$1.36B
EBITDA$90.50M
Net income$498.21M
EPS (TTM)$0.47
Free cash flow$-328.20M
Total cash$6.65B
Total debt$705.68M
Book value / share$8.51
Shares outstanding1.04B
Float126.23M
Short % of float7.25%
Dividend yield0.00%
Beta (5Y)1.37
Valuation & profitability ratios
Trailing P/E34.62
Forward P/E17.64
PEG ratio0.51
Price / sales—
Price / book1.91
EV / revenue-1.02
EV / EBITDA-37.53
Gross margin40.65%
Operating margin0.25%
Profit margin14.93%
Return on equity7.49%
Return on assets-0.13%
Debt / equity7.88
Current ratio5.37
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $3.03B | $2.08B | $1.88B | $1.20B | +45.8% |
| Operating revenue | $3.01B | $2.05B | $1.84B | $1.19B | +47.0% |
| Cost of revenue | $1.76B | $1.19B | $1.22B | $730.68M | +47.8% |
| Gross profit | $1.27B | $884.59M | $661.38M | $471.99M | +43.0% |
| Research & development | $796.94M | $855.64M | $790.55M | $555.18M | -6.9% |
| Selling, general & admin | $480.82M | $509.94M | $468.94M | $305.84M | -5.7% |
| Total operating expense | $1.14B | $1.29B | $1.24B | $850.20M | -11.7% |
| Operating income | $123.54M | -$408.23M | -$577.72M | -$378.22M | +130.3% |
| Net interest income | $111.31M | $91.57M | $96.74M | $58.73M | +21.6% |
| Pre-tax income | $466.79M | -$101.23M | -$475.26M | -$300.79M | +561.1% |
| Tax provision | $30.84M | $1.13M | $658.00K | -$66.00K | +2,628.8% |
| Net income | $435.88M | -$102.38M | -$475.97M | -$300.76M | +525.8% |
| Net income to common | $435.88M | -$102.38M | -$475.97M | -$747.18M | +525.8% |
| Basic EPS | 3.13 | -0.79 | -3.81 | -5.95 | +496.2% |
| Diluted EPS | 2.98 | -0.79 | -3.81 | -5.95 | +477.2% |
| EBIT | $485.71M | -$88.41M | -$472.20M | -$300.79M | +649.4% |
| EBITDA | $609.50M | $43.40M | -$385.93M | -$247.15M | +1,304.3% |
| Basic shares | 139.15M | 129.19M | 124.78M | 125.53M | +7.7% |
| Diluted shares | 146.44M | 129.19M | 124.78M | 125.53M | +13.4% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $1.66B | $2.84B | $1.55B | $913.28M | -41.4% |
| Cash & short-term investments | $4.76B | $3.20B | $3.14B | $1.86B | +48.6% |
| Accounts receivable | $1.26B | $765.03M | $524.82M | $485.04M | +65.0% |
| Inventory | $670.45M | $482.14M | $495.88M | $646.85M | +39.1% |
| Total current assets | $7.07B | $4.68B | $4.40B | $3.14B | +51.0% |
| Property, plant & equipment | $1.26B | $1.15B | $1.10B | $595.38M | +9.9% |
| Goodwill & intangibles | $134.52M | $116.43M | $119.47M | $66.03M | +15.5% |
| Total assets | $11.26B | $5.99B | $5.66B | $3.84B | +88.0% |
| Total current liabilities | $1.90B | $1.63B | $1.34B | $955.54M | +16.4% |
| Current debt | $598.43M | $355.35M | $118.94M | — | +68.4% |
| Long-term debt | $278.73M | $269.44M | $285.90M | $18.47M | +3.4% |
| Total debt | $999.48M | $739.26M | $559.24M | $63.59M | +35.2% |
| Total liabilities | $2.30B | $2.06B | $1.80B | $997.66M | +11.9% |
| Retained earnings | -$2.97B | -$3.41B | -$3.31B | -$2.83B | +12.8% |
| Shareholder equity | $8.96B | $3.93B | $3.86B | -$3.15B | +127.9% |
| Working capital | $5.17B | $3.05B | $3.06B | $2.18B | +69.4% |
| Net tangible assets | $8.82B | $3.82B | $3.74B | -$3.21B | +131.3% |
| Shares issued | 1.25B | 1.05B | 1.02B | 1.00B | +19.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $435.88M | -$102.38M | -$475.97M | -$300.76M | +525.8% |
| Depreciation & amortisation | $123.79M | $131.81M | $86.27M | $53.63M | -6.1% |
| Stock-based compensation | $114.65M | $116.06M | $234.62M | $105.22M | -1.2% |
| Change in working capital | -$475.83M | -$136.32M | $146.88M | -$621.41M | -249.1% |
| Operating cash flow | $116.99M | $63.50M | $57.26M | -$696.01M | +84.2% |
| Capital expenditure | -$342.19M | -$271.36M | -$414.67M | -$240.39M | -26.1% |
| Investing cash flow | -$5.55B | $955.88M | -$1.06B | $1.12B | -681.0% |
| Dividends paid | -$292.72M | $0 | -$17.51M | $0 | — |
| Financing cash flow | $4.35B | $250.68M | $1.59B | $15.18M | +1,633.7% |
| Free cash flow | -$225.21M | -$207.85M | -$357.41M | -$936.40M | -8.3% |
| End cash position | $1.67B | $2.84B | $1.56B | $913.28M | -41.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $860.83M | $680.55M | $1.00B | $795.39M | $706.39M | +26.5% |
| Operating revenue | $860.83M | $680.55M | $982.37M | $795.39M | $706.39M | +26.5% |
| Cost of revenue | $515.58M | $414.54M | $590.00M | $460.50M | $405.91M | +24.4% |
| Gross profit | $345.25M | $266.02M | $410.48M | $334.90M | $300.48M | +29.8% |
| Research & development | $231.17M | $204.67M | $215.55M | $198.86M | $199.22M | +12.9% |
| Selling, general & admin | $116.54M | $94.28M | $153.14M | $117.02M | $106.03M | +23.6% |
| Total operating expense | $343.05M | $274.58M | $353.71M | $257.53M | $277.63M | +24.9% |
| Operating income | $2.19M | -$8.56M | $56.77M | $77.37M | $22.85M | +125.6% |
| Net interest income | $54.85M | $51.00M | $56.62M | $24.76M | $14.42M | +7.6% |
| Pre-tax income | $70.55M | $18.32M | $156.48M | $283.72M | $44.19M | +285.2% |
| Tax provision | $3.00K | $2.00K | $3.31M | $27.50M | $94.00K | +50.0% |
| Net income | $70.55M | $18.32M | $153.17M | $256.17M | $44.09M | +285.2% |
| Net income to common | $70.55M | $18.32M | $153.17M | $256.17M | $44.09M | +285.2% |
| Basic EPS | 0.48 | 0.12 | 0.98 | 1.88 | 0.32 | +300.0% |
| Diluted EPS | 0.40 | 0.11 | 0.94 | 1.79 | 0.32 | +263.6% |
| EBIT | $74.66M | $24.15M | $160.62M | $286.96M | $50.74M | +209.1% |
| EBITDA | $74.66M | $24.15M | $160.62M | $286.96M | $50.74M | +209.1% |
| Basic shares | 156.55M | 156.21M | 156.08M | 136.39M | 132.41M | +0.2% |
| Diluted shares | 162.80M | 163.16M | 162.77M | 143.51M | 139.19M | -0.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.51B | $1.24B | $1.66B | $2.56B | $2.73B | — | +22.0% |
| Cash & short-term investments | $6.65B | $5.72B | $4.76B | $7.36B | $2.84B | — | +16.3% |
| Accounts receivable | $1.10B | $950.47M | $1.26B | $1.13B | $1.06B | — | +15.7% |
| Inventory | $868.50M | $721.74M | $670.45M | $642.76M | $599.25M | — | +20.3% |
| Total current assets | $9.14B | $7.96B | $7.07B | $9.53B | $4.82B | — | +14.8% |
| Property, plant & equipment | $1.13B | $1.19B | $1.26B | $1.15B | $1.11B | — | -5.3% |
| Goodwill & intangibles | — | $131.77M | $134.52M | $132.46M | $129.29M | $119.43M | — |
| Total assets | $10.27B | $10.90B | $11.26B | $10.91B | $6.26B | — | -5.8% |
| Total current liabilities | $1.70B | $1.60B | $1.90B | $1.66B | $1.52B | — | +6.4% |
| Current debt | $488.02M | $628.19M | $598.43M | $593.91M | $598.73M | — | -22.3% |
| Long-term debt | $242.01M | $258.16M | $278.73M | $315.39M | $273.44M | — | -6.3% |
| Total debt | $798.22M | $963.17M | $999.48M | $981.03M | $949.48M | — | -17.1% |
| Total liabilities | $1.31B | $1.98B | $2.30B | $2.07B | $1.91B | — | -33.5% |
| Retained earnings | -$2.88B | -$2.96B | -$2.97B | -$3.13B | -$3.38B | — | +2.4% |
| Shareholder equity | $8.95B | $8.93B | $8.96B | $8.84B | $4.36B | — | +0.3% |
| Working capital | $7.43B | $6.36B | $5.17B | $7.87B | $3.31B | — | +16.9% |
| Net tangible assets | $8.95B | $8.79B | $8.82B | $8.71B | $4.23B | — | +1.8% |
| Shares issued | 1.26B | 1.25B | 1.25B | 1.25B | 1.06B | — | +0.4% |
| Line item | 2025-03-31 | YoY |
|---|---|---|
| Operating cash flow | -$35.41M | |
| Investing cash flow | $36.83M | |
| Financing cash flow | -$3.06M | |
| Free cash flow | -$35.41M | |
| End cash position | $390.01M |
Options analytics
Put / call volume
0.73
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
30.00
+84.4% from spot
ATM implied vol
12.5%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
384
Contracts, this expiry
Put volume
279
Contracts, this expiry
Heaviest call OI
10.00
0 contracts
Heaviest put OI
25.00
15 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.43 | 0.64 | +48.2% |
| Mar 2026 | 0.17 | 0.29 | +70.6% |
| Dec 2025 | 1.53 | 1.11 | -27.7% |
| Sep 2025 | 0.79 | 2.00 | +154.1% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 1.24 | 1 | $1.14B | +43.3% |
| Next quarter | 1.58 | 1 | $1.65B | +64.5% |
| Current year | 3.68 | 2 | $4.29B | +41.8% |
| Next year | 6.18 | 6 | $6.07B | +41.4% |
Analyst targets & ownership
Mean target$28.39
High target$36.27
Low target$21.69
Implied upside74.52%
Analyst count19
ConsensusSTRONG BUY
Strong buy / Buy5 / 15
Hold0
Sell / Strong sell0 / 0
Held by insiders4.35%
Held by institutions32.71%
Institutions holding193
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
15.95
+2.02% from price
SMA 20
16.53
-1.58% from price
SMA 50
17.33
-6.13% from price
SMA 100
17.56
-7.37% from price
SMA 200
20.81
-21.81% from price
EMA 12
16.16
+0.71% from price
EMA 26
16.59
-1.94% from price
EMA 50
17.01
-4.36% from price
RSI (14)
46.9
Neutral
MACD (12,26,9)
-0.44
Hist -0.04
ATR (14)
0.58
3.55% of price
Realised vol 30D
58.3%
Annualised
Bollinger upper
17.98
20, 2σ
Bollinger lower
15.08
20, 2σ
50 / 200 cross
Death
17.33 vs 20.81
Trend bias
Below 200
-21.81%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
2.92
More volatile than market
Correlation to SPY
0.54
Loosely linked
Realised vol 30D
58.3%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-49.3%
Peak to trough
Max drawdown 5Y
-84.2%
Peak to trough
ATR 14
0.58
3.55% of price
Beta (reported)
1.37
5Y monthly, from filing
Short interest
Shares short
9.08M
Prior 9.02M
Change vs prior
+0.6%
Shorts adding
% of float
7.25%
Normal
% of shares out
5.78%
Against total outstanding
Days to cover
5.5
Crowded exit
Float
126.23M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 20, 26 | Amerx | MAINTAINED | Hold | Hold |
| May 20, 26 | Amerx | MAINTAINED | Hold | Hold |
| May 11, 26 | Amerx | INITIATED | — | Hold |
| Nov 25, 25 | CICC | INITIATED | — | Outperform |
| Sep 22, 25 | Goldman Sachs | MAINTAINED | Buy | Buy |
| Aug 19, 25 | UBS | INITIATED | — | Buy |
| Jul 28, 25 | Morgan Stanley | UPGRADE | Equal-Weight | Overweight |
| Jun 9, 25 | Jefferies | INITIATED | — | Buy |
| Sep 26, 23 | Citigroup | INITIATED | — | Buy |
| Aug 18, 23 | Goldman Sachs | DOWNGRADE | Buy | Neutral |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
6-K · 2026-09-17
Corporate Changes & Voting Matters
6-K · 2026-09-08
Corporate Changes & Voting Matters
6-K · 2026-08-28
Corporate Changes & Voting Matters
6-K · 2026-08-18
Corporate Changes & Voting Matters
6-K · 2026-07-31
Corporate Changes & Voting Matters
6-K · 2026-07-27
Corporate Changes & Voting Matters
6-K · 2026-07-08
Corporate Changes & Voting Matters
6-K · 2026-07-07
Headlines
Hesai (HSAI) Stock Trades Below Fair Value Following Its 74% Run
Simply Wall St. · 6d ago
Zacks Investment Ideas feature highlights: Alibaba, Baidu, Kingsoft Cloud, Tencent, Hesai, Pony AI and WeRide
Zacks · 9d ago
Trump-Xi Meeting Puts These 5 Chinese AI Stocks in Focus
Zacks · 12d ago
What's Driving Demand for Ouster's Rev8 OS1 Max Digital Lidar?
Zacks · 13d ago
Here's Why You Should Retain HSAI Stock in Your Portfolio
Zacks · 19d ago
Wall Street Sees a Multibillion-Dollar Humanoid Robot Market. These 2 Suppliers Get Paid Either Way.
Motley Fool · 28d ago
Ouster Is Up 70% YTD: Time to Buy More, Hold or Book Profits?
Zacks · 28d ago
Will GeoCue Partnership Accelerate Ouster's Lidar Growth?
Zacks · 34d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.