Stocktoria
Hesai Group HSAI
Nasdaq · XNAS · stock · General Industrial Machinery & Equipment, NEC · website · IPO 2023-02-09
Chart by TradingView
5/9
Piotroski F — financial health
6.34
Altman Z″ — distress risk · safe
—
Dividend payout · no dividend
Financials & ratios (annual, from 10-K)
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Financials | |||||
| Revenue | $432.9M | $284.6M | $0 | $0 | $720.8M |
| Gross profit | $180.9M | $121.2M | $93.2M | $68.4M | $381.8M |
| Operating income | $24.1M | -$28.1M | -$80.5M | -$54.8M | -$265.3M |
| Net income | $62.3M | -$14.0M | -$67.0M | -$43.6M | -$244.8M |
| Operating cash flow | $16.7M | $8.7M | $8.1M | -$100.9M | -$228.4M |
| Free cash flow | -$27.5M | -$26.9M | -$49.2M | -$134.4M | -$448.5M |
| Total assets | $1.6B | $820.6M | $797.6M | $556.7M | $4.0B |
| Total liabilities | $329.3M | $281.9M | $253.6M | $144.6M | $902.5M |
| Shareholders' equity | $1.3B | $538.6M | $544.0M | -$456.0M | -$2.5B |
| Ratios | |||||
| Gross margin | 41.8% | 42.6% | — | — | 53.0% |
| Operating margin | 5.6% | -9.9% | — | — | -36.8% |
| Net margin | 14.4% | -4.9% | — | — | -34.0% |
| FCF margin | -6.4% | -9.4% | — | — | -62.2% |
| Return on assets | 3.9% | -1.7% | -8.4% | -7.8% | -6.2% |
| Return on equity | 4.9% | -2.6% | -12.3% | 9.6% | 9.8% |
| Debt / equity | 0.22× | 0.50× | 0.53× | -0.04× | — |
| Current ratio | 3.73 | 2.87 | 3.29 | 3.28 | 3.92 |
| Revenue growth | 52.1% | — | — | -100.0% | — |
Notable holders (13F)
| Investor | Shares | Value |
|---|---|---|
| Point72 Asset Management, L.P. | 40,700 | $778,184 |
Why these scores methodology →
Piotroski F-score: 5/9
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″: 6.34 (safe)
- Working capital / assets 0.459
- Retained earnings / assets -0.264
- EBIT / assets 0.015
- Equity / liabilities 3.891
Sector peers
VFS · TM · HMC · SONY · AAPL · XOM · all Manufacturing →
Source: SEC EDGAR filings · CIK 0001861737 · as of 2025-12-31. Figures are facts from filings plus Stocktoria's own computed scores — not investment advice.