🚀 VC round data is live in beta, check it out!
Hesai Technology Valuation Multiples
Discover revenue and EBITDA valuation multiples for Hesai Technology and similar public comparables like China Zhenhua, Guangdong Fenghua, QuantumScape, Caihong Display Devices and more.
Hesai Technology Overview
About Hesai Technology
Hesai Group is engaged in the development, manufacture, and sales of three-dimensional light detection and ranging solutions, or LiDAR. Its LiDAR products enable a broad spectrum of applications across passenger or commercial vehicles with enhanced advanced driver assistance systems, or ADAS, autonomous vehicle fleets providing passenger and freight mobility services, or Autonomous Mobility, and other applications such as last-mile delivery robots, street sweeping robots, and logistics robots in restricted areas, or Robotics. Geographically, the company operates in North America, Mainland China, Europe, and Other regions.
Founded
2021
HQ
Employees
1.1K
Website
Sectors
Financials (LTM)
EV
$3B
Hesai Technology Financials
Hesai Technology reported last 12-month revenue of $499M and EBITDA of $69M.
In the same LTM period, Hesai Technology generated $207M in gross profit, $69M in EBITDA, and $69M in net income.
Revenue (LTM)
Hesai Technology P&L
In the most recent fiscal year, Hesai Technology reported revenue of $305M and EBITDA of $6M.
Hesai Technology expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $499M | XXX | $305M | XXX | XXX | XXX |
| Gross Profit | $207M | XXX | $130M | XXX | XXX | XXX |
| Gross Margin | 41% | XXX | 43% | XXX | XXX | XXX |
| EBITDA | $69M | XXX | $6M | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 2% | XXX | XXX | XXX |
| EBIT Margin | 8% | XXX | (10%) | XXX | XXX | XXX |
| Net Profit | $69M | XXX | ($15M) | XXX | XXX | XXX |
| Net Margin | 14% | XXX | (5%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Hesai Technology Stock Performance
Hesai Technology has current market cap of $4B, and enterprise value of $3B.
Market Cap Evolution
Hesai Technology's stock price is $24.15.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3B | $4B | 2.8% | XXX | XXX | XXX | $-0.10 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialHesai Technology Valuation Multiples
Hesai Technology trades at 6.5x EV/Revenue multiple, and 46.9x EV/EBITDA.
EV / Revenue (LTM)
Hesai Technology Financial Valuation Multiples
As of April 17, 2026, Hesai Technology has market cap of $4B and EV of $3B.
Equity research analysts estimate Hesai Technology's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Hesai Technology has a P/E ratio of 54.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV/Revenue | 6.5x | XXX | 10.6x | XXX | XXX | XXX |
| EV/EBITDA | 46.9x | XXX | 508.8x | XXX | XXX | XXX |
| EV/EBIT | 84.0x | XXX | (107.8x) | XXX | XXX | XXX |
| EV/Gross Profit | 15.6x | XXX | 25.0x | XXX | XXX | XXX |
| P/E | 54.7x | XXX | (252.7x) | XXX | XXX | XXX |
| EV/FCF | (35.1x) | XXX | (106.2x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Hesai Technology Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Hesai Technology Margins & Growth Rates
Hesai Technology's revenue in the last 12 month grew by 44%.
Hesai Technology's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Hesai Technology's rule of 40 is 62% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Hesai Technology's rule of X is 132% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Hesai Technology Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 44% | XXX | 44% | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Growth | 77% | XXX | 778% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 62% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 132% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 6% | XXX | 9% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 9% | XXX | 15% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 24% | XXX | 41% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 52% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Hesai Technology Public Comps
See public comps and valuation multiples for other Automotive Parts and Electronic Components comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Hesai Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| China Zhenhua | XXX | XXX | XXX | XXX | XXX | XXX |
| Guangdong Fenghua | XXX | XXX | XXX | XXX | XXX | XXX |
| QuantumScape | XXX | XXX | XXX | XXX | XXX | XXX |
| Caihong Display Devices | XXX | XXX | XXX | XXX | XXX | XXX |
| Espressif Systems | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Hesai Technology M&A Activity
Hesai Technology acquired XXX companies to date.
Last acquisition by Hesai Technology was on XXXXXXXX, XXXXX. Hesai Technology acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Hesai Technology
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialHesai Technology Investment Activity
Hesai Technology invested in XXX companies to date.
Hesai Technology made its latest investment on XXXXXXXX, XXXXX. Hesai Technology invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Hesai Technology
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbout Hesai Technology
| When was Hesai Technology founded? | Hesai Technology was founded in 2021. |
| Where is Hesai Technology headquartered? | Hesai Technology is headquartered in China. |
| How many employees does Hesai Technology have? | As of today, Hesai Technology has over 1K employees. |
| Who is the CEO of Hesai Technology? | Hesai Technology's CEO is Yifan Li. |
| Is Hesai Technology publicly listed? | Yes, Hesai Technology is a public company listed on Nasdaq. |
| What is the stock symbol of Hesai Technology? | Hesai Technology trades under HSAI ticker. |
| When did Hesai Technology go public? | Hesai Technology went public in 2023. |
| Who are competitors of Hesai Technology? | Hesai Technology main competitors are China Zhenhua, Guangdong Fenghua, QuantumScape, Caihong Display Devices. |
| What is the current market cap of Hesai Technology? | Hesai Technology's current market cap is $4B. |
| What is the current revenue of Hesai Technology? | Hesai Technology's last 12 months revenue is $499M. |
| What is the current revenue growth of Hesai Technology? | Hesai Technology revenue growth (NTM/LTM) is 44%. |
| What is the current EV/Revenue multiple of Hesai Technology? | Current revenue multiple of Hesai Technology is 6.5x. |
| Is Hesai Technology profitable? | Yes, Hesai Technology is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Hesai Technology? | Hesai Technology's last 12 months EBITDA is $69M. |
| What is Hesai Technology's EBITDA margin? | Hesai Technology's last 12 months EBITDA margin is 14%. |
| What is the current EV/EBITDA multiple of Hesai Technology? | Current EBITDA multiple of Hesai Technology is 46.9x. |
| What is the current FCF of Hesai Technology? | Hesai Technology's last 12 months FCF is ($92M). |
| What is Hesai Technology's FCF margin? | Hesai Technology's last 12 months FCF margin is (18%). |
| What is the current EV/FCF multiple of Hesai Technology? | Current FCF multiple of Hesai Technology is (35.1x). |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.