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Hesai Group announced unaudited financial results for the fourth quarter and full year ended December 31, 2025, reporting Q4 net revenues of RMB1,000.5 million and full year net revenues of RMB3,027.6 million, with full year GAAP net income of RMB435.9 million and total lidar shipments of 1,620,406 units. The company provided Q1 2026 net revenue guidance of RMB650-700 million and raised 2026 lidar shipment guidance to 3-3.5 million units.
Event Type
Disclosure
Voluntary
Variant
6-K
Current Report on Form 6-K
| Metric | Value | Basis |
|---|---|---|
| Q4 Net revenues | $1.0K | GAAP |
| Q4 Gross margin | 41% | |
| Q4 Income from operations | $102.00 | GAAP |
| Q4 Income from operations | $129.70 | Non-GAAP |
| Q4 Net income | $153.20 | GAAP |
| Q4 Net income | $180.90 | Non-GAAP |
| Q4 Net income per ordinary share - diluted | $0.94 | GAAP |
| FY Net revenues | $3.0K | GAAP |
| FY Gross margin | 41.8% | |
| FY Income from operations | $168.80 | GAAP |
| FY Net income | $435.90 | GAAP |
| FY Net income | $550.50 | Non-GAAP |
| FY Net income per ordinary share - diluted | $2.98 | GAAP |