Hesai Group (HSAI) quarterly balance sheet — complete assets, liabilities & equity history
Hesai Group (HSAI) balance sheet — 7-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 9.14B | 7.93B | 7.07B | 9.53B | 4.82B | 4.56B | 4.68B | 4.25B | 4.39B | 4.29B | 4.4B | 4.28B | 4.34B | 4.26B | 3.14B | 3.12B | 3.15B | 0 | 3.49B | 3.16B |
| Cash & Short-Term Investments | 6.65B | 5.7B | 4.76B | 7.36B | 2.84B | 2.86B | 3.2B | 2.53B | 2.75B | 2.83B | 3.16B | 3.2B | 3.25B | 3.14B | 1.86B | 2.07B | 2.38B | 0 | 2.8B | 2.58B |
| Cash Only | 1.51B | 1.24B | 1.67B | 2.56B | 2.73B | 2.83B | 2.84B | 2.16B | 2.24B | 1.56B | 1.55B | 1.32B | 2.06B | 2.1B | 913.28M | 750.56M | 716.94M | 0 | 449.35M | 945.97M |
| Short-Term Investments | 5.14B | 4.46B | 3.09B | 4.8B | 110.51M | 30.48M | 362.19M | 364.76M | 508.71M | 1.26B | 1.61B | 1.89B | 1.19B | 1.05B | 945.87M | 1.32B | 1.66B | 0 | 2.35B | 1.63B |
| Accounts Receivable | 1.18B | 1.16B | 1.36B | 1.23B | 1.1B | 993.17M | 797.28M | 884.04M | 728.84M | 595.8M | 544.51M | 417.06M | 403.55M | 361.92M | 509.41M | 362.94M | 222.42M | 0 | 232.36M | 156.27M |
| Days Sales Outstanding | 123.99 | 166.58 | 119.1 | 134.92 | 134.84 | 153.38 | 107.45 | 137.54 | 131.35 | 144.47 | 78.82 | 84.72 | 79.1 | 91.2 | 98.07 | 80.65 | 95.84 | - | 68.41 | 54.14 |
| Inventory | 868.5M | 719.04M | 670.88M | 642.76M | 599.25M | 489.97M | 482.14M | 591.62M | 671.02M | 634.69M | 495.88M | 500.29M | 562.27M | 634.65M | 646.85M | 567.89M | 440.62M | 0 | 376.24M | 330.83M |
| Days Inventory Outstanding | 140.1 | 150.88 | 102.42 | 124.07 | 122.1 | 142.93 | 112.58 | 206.02 | 235.72 | 233.93 | 138.98 | 157.96 | 176.15 | 215.74 | 195.14 | 220.78 | 357.17 | - | 261.67 | 237.13 |
| Other Current Assets | 433.64M | 347.38M | 282.61M | 284.91M | 277.86M | 215.68M | 22.08M | 247.56M | 243.04M | 233.71M | 35.63M | 158.51M | 123.55M | 119.76M | 15.18M | 5.5M | 114.94M | 0 | 74.6M | 86.34M |
| Total Non-Current Assets | 1.87B | 2.93B | 4.19B | 1.39B | 1.44B | 1.27B | 1.31B | 1.31B | 1.27B | 1.3B | 1.26B | 944.09M | 898.67M | 837.38M | 704.28M | 687.84M | 596.58M | 0 | 459.01M | 268.2M |
| Property, Plant & Equipment | 1.22B | 1.19B | 1.21B | 1.15B | 1.11B | 1.06B | 1.06B | 1.06B | 1.02B | 1.04B | 1.1B | 747.03M | 697.89M | 602M | 595.38M | 519.84M | 483.36M | 0 | 321.63M | 147.6M |
| Fixed Asset Turnover | 0.71x | 0.57x | 0.85x | 0.71x | 0.65x | 0.50x | 0.68x | 0.52x | 0.44x | 0.34x | 0.61x | 0.62x | 0.68x | 0.72x | 0.73x | 0.67x | 0.44x | - | 1.11x | 1.82x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.67M | 3.83M | 3.77M | 3.82M | 3.9M | 3.68M | 0 | 3.5M | 3.62M |
| Intangible Assets | 129.19M | 92.62M | 95.57M | 132.46M | 129.29M | 119.43M | 116.43M | 123.64M | 115.85M | 115.64M | 119.47M | 62.72M | 62.8M | 61.99M | 62.21M | 61.98M | 61.51M | 0 | 62.02M | 57.15M |
| Long-Term Investments | 452.3M | 1.54B | 2.78B | 30M | 131.78M | 31.79M | 31.8M | 31.81M | 31.79M | 31.8M | 31.81M | 31.82M | 31.83M | 31.84M | 31.86M | 31.87M | 1.88M | 0 | 1.9M | 1.91M |
| Other Non-Current Assets | 64.27M | 118.57M | 106.4M | 79.35M | 71.74M | 58.05M | 100.25M | 94.36M | 95.5M | 106.01M | 3.96M | 98.86M | 102.32M | 137.78M | 11.02M | 70.25M | 46.15M | 0 | 69.96M | 57.92M |
| Total Assets | 11B | 10.86B | 11.27B | 10.91B | 6.26B | 5.83B | 5.99B | 5.56B | 5.66B | 5.59B | 5.66B | 5.22B | 5.24B | 5.1B | 3.84B | 3.8B | 3.75B | 0 | 3.95B | 3.43B |
| Asset Turnover | 0.08x | 0.06x | 0.09x | 0.09x | 0.12x | 0.09x | 0.12x | 0.10x | 0.08x | 0.06x | 0.10x | 0.09x | 0.09x | 0.10x | 0.11x | 0.09x | 0.06x | - | 0.07x | 0.07x |
| Asset Growth % | 75.73% | 86.39% | 88.13% | 96.37% | 10.64% | 4.32% | 5.78% | 6.39% | 8.03% | 9.64% | 47.49% | 37.34% | 39.66% | - | -2.86% | 10.94% | 12.91% | -100% | 201.22% | - |
| Total Current Liabilities | 1.7B | 1.59B | 1.9B | 1.66B | 1.52B | 1.12B | 1.63B | 1.38B | 1.39B | 1.29B | 1.34B | 1B | 953.39M | 909.52M | 955.54M | 824.75M | 714.93M | 0 | 892.16M | 814.45M |
| Accounts Payable | 658.11M | 447.34M | 592.94M | 607.35M | 582.38M | 346.87M | 345.01M | 235.71M | 360.86M | 336.11M | 276.69M | 223.72M | 165.44M | 167.84M | 206.68M | 181.38M | 123.67M | 0 | 77.27M | 90.22M |
| Days Payables Outstanding | 97.56 | 112.93 | 93.58 | 118.84 | 104.16 | 101.72 | 60.89 | 97.34 | 125.82 | 126.8 | 69.81 | 57.85 | 49.05 | 63.05 | 62.34 | 66.78 | 100.25 | - | 61.98 | 64.47 |
| Short-Term Debt | 395.49M | 625.84M | 598.81M | 448.23M | 478.23M | 334.25M | 355.35M | 267.02M | 196.44M | 188.32M | 118.94M | 109.9M | 109.9M | 109.9M | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 25.01M | 23.72M | 21.03M | 0 | 0 | 26.98M | 32.99M | 58.16M | 0 | 41.58M | 79.92M | 0 | 0 | 0 | 40.38M | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 112.84M | 469.45M | 656.58M | 134.54M | 209.98M | 0 | 352.66M | 37.71M | 391.56M | 0 | 730.97M | 404.35M | 411.62M | 398.13M | 4.96M | 475.81M | 483.74M | 0 | 564.06M | 542.27M |
| Current Ratio | 5.37x | 4.97x | 3.73x | 5.75x | 3.18x | 4.06x | 2.87x | 3.08x | 3.16x | 3.33x | 3.29x | 4.26x | 4.55x | 4.68x | 3.28x | 3.78x | 4.41x | - | 3.92x | 3.88x |
| Quick Ratio | 4.86x | 4.52x | 3.38x | 5.37x | 2.79x | 3.62x | 2.58x | 2.65x | 2.68x | 2.84x | 2.92x | 3.76x | 3.96x | 3.98x | 2.60x | 3.09x | 3.80x | - | 3.49x | 3.47x |
| Cash Conversion Cycle | 166.54 | 204.54 | 127.94 | 140.14 | 152.78 | 194.58 | 159.15 | 246.22 | 241.24 | 251.61 | 147.98 | 184.83 | 206.2 | 243.89 | 230.87 | 234.65 | 352.77 | - | 268.09 | 226.81 |
| Total Non-Current Liabilities | 350.94M | 375.4M | 407.45M | 417.17M | 391.02M | 427.9M | 428.94M | 456.32M | 498.25M | 498.02M | 465.12M | 261.49M | 223.32M | 132.42M | 42.13M | 6.02B | 5.81B | 0 | 5.55B | 19.97M |
| Long-Term Debt | 242.01M | 257.2M | 278.9M | 315.39M | 273.44M | 300.29M | 269.44M | 298.89M | 334.29M | 326.55M | 285.9M | 238.73M | 197.28M | 110.45M | 18.47M | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 68.19M | 76.54M | 85.61M | 71.73M | 77.31M | 69.8M | 98.37M | 103.66M | 109.59M | 115.45M | 119.41M | 4.3M | 5.36M | 6.85M | 10.14M | 17.34M | 24.95M | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 439K | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 40.75M | 41.67M | 42.93M | 30.05M | 40.27M | 57.81M | 61.13M | 53.77M | 54.37M | 56.02M | 59.81M | 18.46M | 20.68M | 15.12M | 13.07M | 6B | 5.78B | 0 | 5.55B | 19.97M |
| Total Liabilities | 2.05B | 1.97B | 2.3B | 2.07B | 1.91B | 1.55B | 2.06B | 1.83B | 1.89B | 1.79B | 1.8B | 1.27B | 1.18B | 1.04B | 997.66M | 6.84B | 6.52B | 0 | 6.44B | 834.42M |
| Total Debt | 705.68M | 959.58M | 963.33M | 835.35M | 850.91M | 704.33M | 739.26M | 669.57M | 640.32M | 630.32M | 559.24M | 352.93M | 312.54M | 227.2M | 63.59M | 52.94M | 54.06M | 0 | 0 | 0 |
| Net Debt | -804.41M | -277.61M | -705.24M | -1.73B | -1.88B | -2.12B | -2.1B | -1.49B | -1.6B | -933.17M | -995.34M | -962.99M | -1.75B | -1.87B | -849.69M | -697.62M | -662.89M | 0 | -449.35M | -945.97M |
| Debt / Equity | 0.08x | 0.11x | 0.11x | 0.09x | 0.20x | 0.16x | 0.19x | 0.18x | 0.17x | 0.17x | 0.14x | 0.09x | 0.08x | 0.06x | 0.02x | - | - | - | - | - |
| Debt / EBITDA | 9.45x | 39.74x | 6.00x | 2.91x | 13.82x | - | 4.89x | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -10.78x | -11.50x | -4.39x | -6.02x | -30.58x | - | -13.89x | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | 18.20x | 4.17x | 39.37x | 635.09x | 7.75x | -2.52x | 41.43x | -18.80x | -20.50x | -45.67x | -210.17x | -120.61x | -121.15x | - | - | - | - | - | - | - |
| Total Equity | 8.95B | 8.89B | 8.96B | 8.84B | 4.36B | 4.28B | 3.93B | 3.72B | 3.77B | 3.8B | 3.86B | 3.96B | 4.06B | 4.05B | 2.84B | -3.04B | -2.77B | 0 | -2.49B | 2.59B |
| Equity Growth % | 105.52% | 107.9% | 128% | 137.48% | 15.44% | 12.55% | 1.8% | -5.93% | -7.13% | -6.24% | 35.91% | 230.31% | 246.65% | - | 214.1% | -217.09% | -210.01% | -100% | -319.02% | - |
| Book Value per Share | 54.86 | 54.50 | 55.07 | 61.60 | 31.29 | 32.54 | 28.99 | 28.66 | 29.23 | 29.84 | 30.53 | 31.46 | 32.33 | 33.45 | 22.64 | -24.19 | -22.07 | - | -21.54 | 23.29 |
| Total Shareholders' Equity | 8.95B | 8.89B | 8.96B | 8.84B | 4.36B | 4.28B | 3.93B | 3.72B | 3.77B | 3.8B | 3.86B | 3.96B | 4.06B | 4.05B | -3.15B | -3.04B | -2.77B | 0 | -2.49B | 2.59B |
| Common Stock | 107K | 106.59K | 107.06K | 107K | 90K | 90K | 89K | 88K | 88K | 86K | 86K | 81K | 81K | 81K | 39K | 39K | 39K | 0 | 39K | 74K |
| Retained Earnings | -2.88B | -2.94B | -2.98B | -3.13B | -3.38B | -3.43B | -3.41B | -3.56B | -3.49B | -3.41B | -3.31B | -3.17B | -3.02B | -2.95B | -2.83B | -2.72B | -2.46B | 0 | -2.19B | -277.64M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -156.57M | -76.36M | 6.53M | 70.42M | 87.22M | 88.87M | 56.98M | 35.5M | 44.46M | 41.53M | -254.28M | -256.27M | -245.4M | -300.89M | -3.61M | -316.52M | -308.45M | 0 | -301.76M | -750.32M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.99B | 0 | 0 | 0 | 0 | 0 |