WeRide Accelerates Global Growth, Robotaxi Revenue Grew 836.7%
WeRide (NASDAQ:WRD), a global autonomous driving technology leader, reported strong Q2 2025 financial results with total revenue growing 60.8% YoY to RMB127.2 million (US$17.8 million). The company's robotaxi revenue surged 836.7% YoY to RMB45.9 million, representing 36.1% of total revenue.
Key technological advances include the launch of HPC 3.0 Platform powered by NVIDIA DRIVE AGX Thor chips, reducing autonomous driving costs by 50%. WeRide expanded globally, becoming the only company with autonomous driving permits in 6 countries, including a new robotaxi pilot in Riyadh. The WeRide-Uber fleet in Abu Dhabi tripled in size, now covering 50% of the city's core area.
Despite revenue growth, the company reported a net loss of RMB406.4 million (US$56.7 million), with significant investments in R&D and global expansion.
WeRide (NASDAQ:WRD), leader globale nella tecnologia di guida autonoma, ha riportato solidi risultati finanziari nel secondo trimestre del 2025 con un ricavo totale in crescita del 60,8% su base annua, raggiungendo 127,2 milioni di RMB (17,8 milioni di dollari USA). I ricavi derivanti dai robotaxi sono aumentati del 836,7% su base annua, arrivando a 45,9 milioni di RMB, rappresentando il 36,1% del totale dei ricavi.
Tra i principali progressi tecnologici si segnala il lancio della piattaforma HPC 3.0 alimentata dai chip NVIDIA DRIVE AGX Thor, che ha ridotto i costi della guida autonoma del 50%. WeRide ha ampliato la propria presenza globale, diventando l'unica azienda con permessi per guida autonoma in 6 paesi, inclusa una nuova sperimentazione di robotaxi a Riyadh. La flotta WeRide-Uber ad Abu Dhabi è triplicata, coprendo ora il 50% dell'area centrale della città.
Nonostante la crescita dei ricavi, l'azienda ha riportato una perdita netta di 406,4 milioni di RMB (56,7 milioni di dollari USA), dovuta a significativi investimenti in ricerca e sviluppo e nell'espansione globale.
WeRide (NASDAQ:WRD), líder mundial en tecnología de conducción autónoma, reportó sólidos resultados financieros en el segundo trimestre de 2025 con un ingreso total que creció un 60,8% interanual hasta 127,2 millones de RMB (17,8 millones de dólares estadounidenses). Los ingresos por robotaxi aumentaron un 836,7% interanual hasta 45,9 millones de RMB, representando el 36,1% del ingreso total.
Entre los avances tecnológicos clave destaca el lanzamiento de la plataforma HPC 3.0 impulsada por los chips NVIDIA DRIVE AGX Thor, que reduce los costos de conducción autónoma en un 50%. WeRide se expandió globalmente, convirtiéndose en la única compañía con permisos de conducción autónoma en 6 países, incluyendo un nuevo piloto de robotaxi en Riad. La flota WeRide-Uber en Abu Dabi se triplicó, cubriendo ahora el 50% del área central de la ciudad.
A pesar del crecimiento en ingresos, la compañía reportó una pérdida neta de 406,4 millones de RMB (56,7 millones de dólares estadounidenses), debido a importantes inversiones en I+D y expansión global.
WeRide (NASDAQ:WRD)� 글로벌 자율주행 기술 선두 기업으로� 2025� 2분기 강력� 재무 실적� 보고했으�, � 매출� 전년 동기 대� 60.8% 증가� 1� 2720� 위안(1780� 달러)� 기록했습니다. 로보택시 매출은 전년 대� 836.7% 급증� 4590� 위안� 달하�, 전체 매출� 36.1%� 차지했습니다.
주요 기술 진보로는 NVIDIA DRIVE AGX Thor � 기반 HPC 3.0 플랫� 출시가 있으�, 이를 통해 자율주행 비용� 50% 절감되었습니�. WeRide� � 세계적으� 확장하여 6개국에서 유일하게 자율주행 허가� 획득했으�, 리야드에� 새로� 로보택시 시범 사업� 시작했습니다. 아부다비� WeRide-Uber 차량 대수는 3배로 늘어� 도시 중심 지역의 50%� 커버하고 있습니다.
매출 증가에도 불구하고, 회사� 연구개발 � 글로벌 확장� 대� 대규모 투자� 인해 4� 640� 위안(5670� 달러)� 순손�� 보고했습니다.
WeRide (NASDAQ:WRD), leader mondial de la technologie de conduite autonome, a annoncé de solides résultats financiers pour le deuxième trimestre 2025 avec un chiffre d'affaires total en hausse de 60,8 % en glissement annuel, atteignant 127,2 millions de RMB (17,8 millions de dollars US). Les revenus issus des robotaxis ont bondi de 836,7 % en glissement annuel pour atteindre 45,9 millions de RMB, représentant 36,1 % du chiffre d'affaires total.
Parmi les avancées technologiques clés figure le lancement de la plateforme HPC 3.0 propulsée par les puces NVIDIA DRIVE AGX Thor, réduisant les coûts de conduite autonome de 50 %. WeRide s'est étendu à l'international, devenant la seule entreprise à détenir des permis de conduite autonome dans 6 pays, avec un nouveau projet pilote de robotaxi à Riyad. La flotte WeRide-Uber à Abou Dhabi a triplé de taille, couvrant désormais 50 % du centre-ville.
Malgré la croissance du chiffre d'affaires, la société a enregistré une perte nette de 406,4 millions de RMB (56,7 millions de dollars US), en raison d'investissements importants en R&D et en expansion mondiale.
WeRide (NASDAQ:WRD), ein weltweit führendes Unternehmen im Bereich autonomes Fahren, meldete starke Finanzergebnisse für das zweite Quartal 2025 mit einem Gesamtumsatz, der im Jahresvergleich um 60,8 % auf 127,2 Millionen RMB (17,8 Millionen US-Dollar) wuchs. Der Umsatz mit Robotaxis stieg um 836,7 % im Jahresvergleich auf 45,9 Millionen RMB und machte damit 36,1 % des Gesamtumsatzes aus.
Wichtige technologische Fortschritte umfassen die Einführung der HPC 3.0 Plattform, angetrieben von NVIDIA DRIVE AGX Thor Chips, die die Kosten für autonomes Fahren um 50 % senkt. WeRide expandierte global und ist das einzige Unternehmen mit Genehmigungen für autonomes Fahren in 6 Ländern, darunter ein neuer Robotaxi-Pilot in Riad. Die WeRide-Uber-Flotte in Abu Dhabi hat sich verdreifacht und deckt nun 50 % des Stadtzentrums ab.
Trotz des Umsatzwachstums meldete das Unternehmen einen Nettoverlust von 406,4 Millionen RMB (56,7 Millionen US-Dollar), bedingt durch erhebliche Investitionen in Forschung und Entwicklung sowie die globale Expansion.
- Robotaxi revenue grew 836.7% YoY to RMB45.9 million, highest quarterly revenue since inception
- Total revenue increased 60.8% YoY to RMB127.2 million
- Gross profit grew 40.6% YoY with industry-leading margin of 28.1%
- HPC 3.0 Platform reduced autonomous driving suite cost by 50%
- Expanded to become only company with autonomous driving permits in 6 countries
- Strong cash position with RMB4,087.9 million in cash and cash equivalents
- Net loss of RMB406.4 million despite revenue growth
- Operating expenses increased significantly to RMB487.8 million, up from RMB342.4 million YoY
- R&D expenses rose 50.5% YoY to RMB280.3 million
- Administrative expenses nearly doubled, up 93.8% YoY
Insights
WeRide shows strong robotaxi revenue growth (836.7%), but wider non-IFRS losses raise questions about path to profitability.
WeRide's Q2 2025 results showcase exceptional growth in robotaxi revenue, which surged
Total revenue increased
While gross profit increased
WeRide's balance sheet remains solid with
The launch of their HPC 3.0 platform with NVIDIA's DRIVE AGX Thor chips is particularly significant, as it reportedly reduces autonomous driving system costs by
WeRide's HPC 3.0 platform with NVIDIA Thor chips marks significant autonomous driving cost reduction amid global regulatory wins.
WeRide's Q2 results reveal crucial technological advancements that position the company at the forefront of commercially viable autonomous driving. The introduction of their High-Performance Computing 3.0 Platform powered by NVIDIA's DRIVE AGX Thor chips represents a step-change in the economics of autonomous vehicle deployment. By reducing autonomous driving suite costs by
The company's rapid regulatory progress is equally impressive. WeRide has become the only autonomous driving company with permits in six countries (China, UAE, Saudi Arabia, Singapore, France, and USA), demonstrating exceptional regulatory navigation capabilities in diverse markets with varying autonomous vehicle frameworks. This global regulatory portfolio gives WeRide significant competitive advantages in scaling operations internationally.
Their joint development with Chery Group of the new CER robotaxi model shows sophisticated systems integration. The vehicle incorporates over 20 sensors including cost-efficient LiDARs and five redundant safety systems (steering, braking, parking, communication, and power). This architecture reflects lessons learned from their 2,200+ days of public operations without regulatory discipline due to autonomous system failures.
The tripling of their Abu Dhabi fleet size since December 2024 and planned expansion to hundreds of vehicles suggests their system reliability meets commercial deployment standards. Most significantly, WeRide has begun driverless testing in Abu Dhabi, indicating confidence in their safety systems for completely unmanned operation in complex urban environments.
WeRide's robobus deployment in Singapore without safety drivers on board further validates their technical approach across different vehicle platforms and use cases. These milestones collectively demonstrate WeRide is transitioning from technological development to commercial scalability phase.
WeRide Announces Unaudited Financial Results for Q2 2025
NEW YORK, July 31, 2025 (GLOBE NEWSWIRE) -- WeRide Inc. (“WeRide� or the “Company�) (Nasdaq: WRD), a global leader in autonomous driving technology, today announced its unaudited financial results for the three months ended June 30, 2025.
Recent Highlights
- Total revenue grew
60.8% year-over-year (YoY) to RMB127.2 million (US$17.8 million ) in 2Q2025, demonstrating undisputed and accelerating commercial momentum.- 2Q2025 robotaxi revenue grew
836.7% YoY to RMB45.9 million (US$6.4 million ) in 2Q2025, the highest-ever quarterly robotaxi revenue since Company inception; - The highest quarterly robotaxi revenue concentration since 2021, with
36.1% of our total revenue in 2Q2025 from robotaxi business;
- 2Q2025 robotaxi revenue grew
- Gross Profit grew
40.6% YoY to RMB35.7 million (US$5.0 million ) in 2Q2025, with an industry-leading margin of28.1% . - WeRide launched High-performance Computing 3.0 Platform powered by NVIDIA DRIVE AGX Thor chips, reducing autonomous driving suite cost by
50% and achieving100% automotive grade. - WeRide launched Saudi Arabia’s first-ever robotaxi pilot operation in Riyadh, becoming the world's only technology company with products holding autonomous driving permits in 6 countries.
- WeRide operates the largest robotaxi fleet in the Middle East. The WeRide-Uber robotaxi fleet in Abu Dhabi has tripled in size since the joint launch in 2024, covering about
50% of the city’s core area. WeRide-Uber aims to continuegrowing the fleet to hundreds of robotaxisin AbuDhabi alone. - WeRide maintains over 2,200 days of public operations with zero regulatory discipline due to autonomous system failures.
Redefining Autonomous Driving with Leading Technology Breakthroughs
High-Performance Computing (HPC) 3.0 Platform Powered by NVIDIA DRIVE AGX Thor Chips
- In July 2025, WeRide launched the HPC 3.0 high-performance computing platform, jointly developed with Lenovo and powered by NVIDIA's latest DRIVE AGX Thor chips.
- The new HPC 3.0 platform made its debut on WeRide's latest-generation robotaxi GXR � making it the world's first mass-produced level-4 (L4) autonomous vehicle built on NVIDIA DRIVE AGX Thor.
- Fully automotive-grade, HPC 3.0 reduces autonomous driving system costs by
50% , paving the way for large-scale commercial deployment. - Delivering up to 2,000 TOPS of AI compute, HPC 3.0 features dual NVIDIA DRIVE AGX Thor chips and now ranks among the most powerful computing platforms available to support L4 autonomy.
Partnership with Chery on New-Generation Robotaxi to Revolutionize Urban Mobility
- In April 2025, WeRide and Chery Group unveiled their jointly-developed, new generation robotaxi model, CER, at Auto Shanghai 2025. The CER is built on WeRide’s universal autonomous driving platform, WeRide One, and EXEED’s STERRA ET vehicle architecture.
- In July 2025, WeRide and Chery showcased the CER robotaxi in active operation during the World Artificial Intelligence Conference (WAIC 2025) in Shanghai.
- Equipped with WeRide’s HPC and Sensor Suite 5.6, the CER features over 20 sensors � including cost-efficient LiDARs, HD cameras, and RTK-precision navigation modules � and incorporates five layers of redundant safety systems (steering, braking, parking, communication, and power supply redundancy).
- The CER’s spacious interior and extended range on the EXEED STERRA ET platform enable it to support long-distance, all-scenario, high-frequency driverless shuttle services.
Unparalleled Robotaxi Footprint Validated by Global Operations
Abu Dhabi, UAE
- Since launching in Abu Dhabi in December 2024, the WeRide-Uber robotaxi fleet has tripled in size. Each vehicle is expected to average dozens of trips per day during a 12-hour shift with each ride typically exceeding six kilometers.
- In July 2025, WeRide and Uber started robotaxi services on Al Reem and Al Maryah Islands in Abu Dhabi, in partnership with the Abu Dhabi Integrated Transport Centre. The expansion is expected to double ride volumes, with the service now covering about half of Abu Dhabi’s core areas, including highways and the airport.
- WeRide and Uber announced their goal to grow their fleet to hundreds of robotaxis in Abu Dhabi, with plans to extend services into Khalifa City, Masdar City, and more areas of downtown Abu Dhabi later this year.
- WeRide’s robotaxi fleet has begun driverless testing, paving the way for a commercial driverless launch in the coming months.
Shanghai, China
- In July 2025, WeRide had been allowed to conduct regulation-compliant, Level 4 (L4) autonomous robotaxi ride-hailing services in Shanghai, partnering with Chery Group and Jinjiang Taxi.
- As part of WAIC’s L4 Intelligent Vehicle Experience Showcase, the three partners jointly launched L4 robotaxi shuttle service powered by our latest pre-installed model CER. This also marked WeRide robotaxi’s official entry into its tenth city globally.
- The service connected key Shanghai transport hubs and cultural-tourism landmarks, including the Shanghai World Expo Center, Jinqiao, Huamu, Shanghai Pudong International Airport, and Shanghai Disney Resort.
Riyadh, Saudi Arabia
- In July 2025, WeRide's robotaxi was granted Saudi Arabia's first robotaxi autonomous driving permit, making WeRide the world's only technology company with products holding autonomous driving permits in six countries: Saudi Arabia, China, the UAE, Singapore, France, and the US.
- With this permit, WeRide is authorized to operate an autonomous vehicle business and deploy robotaxis nationwide in Saudi Arabia, starting with its pilot operations in Riyadh with Uber and local partner Ai Driver.
- This pilot marked WeRide's third market deployment with Uber, following previous launches in Abu Dhabi and Dubai.
- The pilot covers King Khalid International Airport and several key locations throughout Riyadh, including major highways and selected city center destinations. Commercial robotaxi service is expected to launch by end-2025 through a partnership between WeRide and Uber.
Dubai, UAE
- In June 2025, WeRide signed a Memorandum of Understanding with Dubai’s Roads and Transport Authority and Uber to commence pilot robotaxi operation later in 2025 via the Uber platform in Dubai.
- In the initial phase, the vehicles will operate with a safety driver onboard, paving the way for commercial rollout of driverless services in 2026.
Driving Continued Global Expansion Beyond Robotaxis
Robobus
- Singapore. In July 2025, WeRide has obtained approval from the Land Transport Authority of Singapore to offer fully autonomous rides to the public. WeRide has launched fully driverless robobus operations at Resorts World Sentosa, Singapore (RWS) � the first autonomous vehicle in Southeast Asia to operate without a safety officer on board. This achievement comes after a year of safe service since June 2024, during which the robobus transported tens of thousands of passengers within RWS and completed thousands of autonomous trips.
- Paris, France. In June 2025, WeRide partnered with Renault Group, for the second consecutive year, to provide a L4 autonomous minibus shuttle service for Roland-Garros tennis tournament � one of the world's most prestigious sporting events. A new night service, which was added this year, operated from 10pm to midnight, offering greater convenience and extended access for guests.
- Riyadh, KSA. In May 2025, WeRide announced that it has been testing and deploying its robobus in several key areas across Saudi Arabia, including King Fahad Medical City, Aramco residential communities, AlUla, etc. The L4 autonomous vehicle is designed to address last-mile transportation gaps and complements transit networks like Riyadh Metro, enhancing the overall travel experience. Well suited to the region’s hot climate, it serves a wide range of use cases � from parks to large-scale hotels and tourist attractions.
Management Commentary
Tony Han, WeRide’s Founder, Chairman, and Chief Executive Officer, commented, “Our second-quarter performance marks a pivotal moment in WeRide’s global journey. The rapid growth of our robotaxi business demonstrates that our strategic vision � grounded in expansion and strong partnerships both at home and abroad � is delivering real-world results. Our commercial success also reflects the strength of our advanced technology, with the latest NVIDIA DRIVE AGX Thor Chips-powered HPC 3.0 platform deployed on our GXR robotaxi � setting new benchmarks for scalable, high-performance autonomous driving. As we continue to break new ground, including recent regulatory wins in the Middle East, our focus remains on expanding access to safe, autonomous transportation and leading the evolution of mobility worldwide.�
Jennifer Li, WeRide’s Chief Financial Officer and Head of International, added, “This quarter’s strong topline performance reflects the sound execution of our growth strategy and the continued scaling of our operations. A major driver of our momentum is the increasing contribution from our robotaxi business, which now plays a central role in our revenue mix and overall financial strength. As our international footprint grows � particularly in regions like Abu Dhabi � we are seeing clear signs of improved unit economics and growing commercial viability. With the support of our global strategic partners, we are at an inflection point where effectively operating a robotaxi fleet with sustainable unit economics is becoming a reality.�
Unaudited Second Quarter 2025 Financial Results
Revenues
Total revenue grew
- Product revenue increased
309.6% YoY to RMB59.8 million (US$8.3 million ) in 2Q2025 from RMB14.6 million in the same period of 2024. The increase was primarily attributable to an increase in the sales of robotaxis and robosweepers in 2Q2025, partially offset by a decrease in the sales of robobuses. - Service revenue increased
4.3% YoY to RMB67.4 million (US$9.4 million ) in 2Q2025 from RMB64.6 million in the same period of 2024. The increase was primarily due to an increase of RMB35.8 million in revenue from intelligent data services which commenced in the second half of 2024 and an increase of RMB2.5 million from autonomous driving related operational and technical support services, partially offset by a decrease of RMB35.5 million in revenue from ADAS research and development services as the customized R&D services for certain clients had been completed in the third quarter of 2024. - In 2Q2025, robotaxi revenue increased by
836.7% YoY to RMB45.9 million (US$6.4 million ), marking the highest quarterly revenue since the Company’s inception. Robotaxi revenue accounted for36.1% of our total revenue in 2Q2025, representing the highest quarterly revenue contribution from the robotaxi business since 2021.
Cost of Revenue
Cost of revenue was RMB91.5 million (US
- Cost of goods sold increased to RMB30.7 million (US
$4.3 million ) from RMB11.0 million in the same period of 2024, in line with the increase of product revenue. - Cost of services increased to RMB60.8 million (US
$8.5 million ) from RMB42.7 million in the same period of 2024. The increase was mainly due to an increase of RMB29.8 million in costs for intelligent data services and RMB9.4 million in costs of operational and technical support services, partially offset by a decrease of RMB21.1 million in costs of ADAS research and development services which had been completed in the third quarter of 2024.
Gross Profit and Gross Margin
Gross profit was comprised of gross profit for products of RMB29.1 million (US
Operating Expenses
Operating expenses were RMB487.8 million (US
- Research and development (R&D) expenses were RMB318.9 million (US
$44.5 million ), compared to RMB239.6 million in the same period of 2024. Excluding share-based compensation, R&D expenses were RMB280.3 million, compared to RMB186.3 million in the same period of 2024, representing an increase of50.5% . The significant increase in R&D expenses was primarily due to (i) an increase of RMB45.1 million in personnel-related expenses from headcount increase and average salary increase, (ii) an increase of RMB31.5 million in service fees for R&D projects, and (iii) an increase of RMB14.3 million in material consumption and depreciation and amortization expenses. - Selling expenses were RMB13.8 million (US
$1.9 million ), compared to RMB12.3 million in the same period of 2024. Excluding share-based compensation, selling expenses were RMB12.1 million, compared to RMB10.3 million in the same period of 2024, representing an increase of17.5% that was well below sales increase. - Administrative expenses were RMB155.1 million (US
$21.6 million ), compared to RMB90.5 million in the same period of 2024. Excluding share-based compensation, administrative expenses were RMB75.6 million, compared to RMB39.0 million in the same period of 2024, representing an increase of93.8% . The significant increase was primarily due to (i) an increase of RMB28.9 million in professional services fees mainly related to audit and legal compliance service, and (ii) an increase of RMB5.1 million in personnel costs to build necessary support functions for a growing business.
Net Loss
- Net loss was RMB406.4 million (US
$56.7 million ), compared to RMB413.6 million in the same period of 2024. - Non-IFRS adjusted net loss1 was RMB300.6 million (US
$42.0 million ), compared to RMB174.6 million in the same period of 2024.
Basic and Diluted Net Loss Per ADS2
- Basic and diluted net loss per ordinary share was RMB0.45 (US
$0.06) , compared to RMB3.37 in the same period of 2024. - Basic and diluted net loss per ADS were RMB1.35 (US
$0.18) , compared to RMB10.11 in the same period of 2024.
Balance Sheet
- As of June 30, 2025, the Company had RMB4,087.9 million (US
$570.6 million ) in cash and cash equivalents and time deposits, RMB1,735.3 million (US$242.2 million ) in investments in wealth management products, which were included in financial assets measured at fair value through profit or loss, and RMB15.4 million (US$2.2 million ) in restricted cash. - As of June 30, 2025, the Company had long-term bank borrowings of RMB47.5 million (US
$6.6 million ) and short-term bank borrowings of RMB102.3 million (US$14.3 million ).
Exchange Rate Information
This announcement contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB7.1636 to US
Use of Non-IFRS Financial Measures
In evaluating its business, the Company considers and uses the non-IFRS financial measure of adjusted net loss as a supplemental measure to review and assess operating performance. The Company believes that adjusted net loss provides useful information to investors and others in understanding and evaluating the Company’s consolidated results of operations in the same manner as it helps the Company’s management. The Company defines adjusted net loss as net loss for the period excluding share-based compensation expenses, fair value changes of financial assets at FVTPL and changes in the carrying amounts of preferred shares and other financial instruments subject to redemption and other preferential rights.
The Company presents the non-IFRS financial measure because it is used by its management to evaluate its operating performance and formulate business plans. Adjusted net loss enables the Company’s management to assess the Company’s operating results without considering the impact of the aforementioned non-cash adjustment items that it does not consider to be indicative of its core operations. Accordingly, the Company believes that the use of this non-IFRS financial measure provides useful information to investors and others in understanding and evaluating its operating results in the same manner as its management and board of directors.
This non-IFRS financial measure is not defined under IFRS and is not presented in accordance with IFRS. The non-IFRS financial measure has limitations as an analytical tool. One of the key limitations of using the adjusted net loss is that it does not reflect all items of expenses that affect the Company’s operations. Further, this non-IFRS measure may differ from the non-IFRS information used by other companies, including peer companies, and therefore its comparability may be limited.
The non-IFRS financial measure should not be considered in isolation or construed as an alternative to loss for the period or any other measure of performance information prepared and presented in accordance with IFRS or as an indicator of the Company’s operating performance. Investors are encouraged to review the Company’s historical non-IFRS financial measure in light of the most directly comparable IFRS measure, as shown below. Thenon-IFRSfinancial measure presented here may not be comparable to similarly titled measure presented by other companies. Other companies may calculate similarly titled measures differently, limiting the usefulness of such measures when analyzing the Company’s data comparatively. It is encouraged that you review the Company’s financial information in its entirety and not rely on a single financial measure.
Conference Call Information
The Company’s management team will host an earnings conference call at 8:00 AM U.S. Eastern Time on Thursday, July 31, 2025 (or at 8:00 PM Beijing Time on Thursday, July 31, 2025). Details for the conference call are as follows:
Event Title: WeRide Inc. Second Quarter 2025 Earnings Call
Registration Link:
All participants must use the link provided above to complete the online registration process in advance of the conference call. Upon registering, each participant will receive a set of participant dial-in numbers and a unique access PIN, which can be used to join the conference call.
A live and archived webcast of the conference call will be available at the Company's investor relations website at ir.weride.ai.
About WeRide
WeRide is a global leader and a first mover in the autonomous driving industry, as well as the first publicly traded robotaxi company. Our autonomous vehicles have been tested or operated in over 30 cities across 10 countries. We are also the first and only technology company whose products have received autonomous driving permits in six markets: China, France, Saudi Arabia, Singapore, the UAE, and the US. Empowered by the smart, versatile, cost-effective, and highly adaptable WeRide One platform, WeRide provides autonomous driving products and services from L2 to L4, addressing transportation needs in the mobility, logistics, and sanitation industries. WeRide was named in Fortune Magazine's 2024 “The Future 50� list. For more information, please visit .
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking� statements pursuant to the “safe harbor� provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,� “expects,� “anticipates,� “aims,� “future,� “intends,� “plans,� “believes,� “estimates,� “likely to,� and similar statements. Statements that are not historical facts, including statements about WeRide’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in WeRide’s filings with the SEC. All information provided in this press release is as of the date of this press release, and WeRide does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Contacts
Investor inquiries:
Press inquiries:
WeRide Inc. Unaudited Condensed Consolidated Statements of Financial Position | |||||
As of | |||||
June 30, | June 30, | December 31, | |||
2025 | 2025 | 2024 | |||
ѵ�000 | �000 | ѵ�000 | |||
ASSETS | |||||
Non-current assets | |||||
Property and equipment | 281,968 | 39,361 | 178,179 | ||
Right-of-use assets | 72,951 | 10,184 | 73,564 | ||
Intangible assets | 19,544 | 2,728 | 21,664 | ||
Goodwill | 44,758 | 6,248 | 44,758 | ||
Restricted cash � non-current | 12,142 | 1,695 | 9,669 | ||
Deferred tax assets | 498 | 70 | 997 | ||
Financial assets at FVTPL � non-current | 58,151 | 8,118 | 56,919 | ||
Other non-current assets | 20,684 | 2,885 | 20,025 | ||
Total non-current assets | 510,696 | 71,289 | 405,775 | ||
Current assets | |||||
Inventories | 289,929 | 40,473 | 204,705 | ||
Contract assets | 35,336 | 4,933 | 28,005 | ||
Trade receivables | 241,372 | 33,694 | 252,607 | ||
Prepayments and other receivables | 191,127 | 26,680 | 197,652 | ||
Prepayments to and amounts due from related parties | 50,917 | 7,108 | 26,618 | ||
Financial assets at FVTPL - current | 1,735,333 | 242,243 | 1,685,146 | ||
Time deposits | 251,733 | 35,141 | 620,148 | ||
Cash and cash equivalents | 3,836,137 | 535,504 | 4,268,300 | ||
Restricted cash � current | 3,273 | 457 | 4,814 | ||
Total current assets | 6,635,157 | 926,233 | 7,287,995 | ||
Total assets | 7,145,853 | 997,522 | 7,693,770 | ||
EQUITY | |||||
Total equity | 6,463,756 | 902,305 | 7,066,019 | ||
WeRide Inc. Unaudited Condensed Consolidated Statements of Financial Position | |||||
As of | |||||
June 30, | June 30, | December 31, | |||
2025 | 2025 | 2024 | |||
ѵ�000 | �000 | ѵ�000 | |||
LIABILITIES | |||||
Non-current liabilities | |||||
Lease liabilities � non-current | 21,198 | 2,959 | 26,059 | ||
Long-term bank loan | 47,534 | 6,635 | 50,040 | ||
Deferred tax liabilities | 3,988 | 557 | 4,486 | ||
Other non-current liabilities | 8,097 | 1,130 | 4,677 | ||
Total non-current liabilities | 80,817 | 11,281 | 85,262 | ||
Current liabilities | |||||
Short-term bank loan | 102,275 | 14,277 | 30,019 | ||
Trade payables | 47,117 | 6,577 | 20,713 | ||
Other payables, deposits received and accrued expenses | 330,848 | 46,185 | 397,755 | ||
Contract liabilities | 30,574 | 4,268 | 4,476 | ||
Lease liabilities � current | 34,386 | 4,800 | 36,900 | ||
Amounts due to related parties | 14,656 | 2,046 | 9,450 | ||
Put option liabilities � current | 41,424 | 5,783 | 41,099 | ||
Income taxes payable | - | - | 2,077 | ||
Total current liabilities | 601,280 | 83,936 | 542,489 | ||
Total liabilities | 682,097 | 95,217 | 627,751 | ||
Total equity and liabilities | 7,145,853 | 997,522 | 7,693,770 | ||
WeRide Inc. Unaudited Condensed Consolidated Statements of Profit or Loss | ||||||||||||||||||||
Six Months Ended June 30, | Three Months Ended June 30, | |||||||||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||||||
ѵ�000 | �000 | ѵ�000 | ѵ�000 | �000 | ѵ�000 | |||||||||||||||
Revenue | ||||||||||||||||||||
Product revenue | 69,281 | 9,671 | 21,045 | 59,781 | 8,345 | 14,567 | ||||||||||||||
Service revenue | 130,334 | 18,194 | 129,253 | 67,397 | 9,408 | 64,556 | ||||||||||||||
199,615 | 27,865 | 150,298 | 127,178 | 17,753 | 79,123 | |||||||||||||||
Cost of revenue(a) | ||||||||||||||||||||
Cost of goods sold | (35,461 | ) | (4,950 | ) | (17,157 | ) | (30,699 | ) | (4,285 | ) | (10,989 | ) | ||||||||
Cost of services | (103,095 | ) | (14,392 | ) | (78,352 | ) | (60,775 | ) | (8,484 | ) | (42,711 | ) | ||||||||
(138,556 | ) | (19,342 | ) | (95,509 | ) | (91,474 | ) | (12,769 | ) | (53,700 | ) | |||||||||
Gross profit | 61,059 | 8,523 | 54,789 | 35,704 | 4,984 | 25,423 | ||||||||||||||
Research and development expenses(a) | (644,635 | ) | (89,988 | ) | (517,210 | ) | (318,918 | ) | (44,519 | ) | (239,579 | ) | ||||||||
Selling expenses(a) | (27,780 | ) | (3,878 | ) | (22,784 | ) | (13,849 | ) | (1,933 | ) | (12,263 | ) | ||||||||
Administrative expenses(a) | (278,942 | ) | (38,939 | ) | (208,293 | ) | (155,061 | ) | (21,646 | ) | (90,510 | ) | ||||||||
Other net income | 3,021 | 422 | 7,939 | 337 | 47 | 1,973 | ||||||||||||||
Impairment loss on receivables and contract assets | (2,800 | ) | (391 | ) | (13,424 | ) | (2,077 | ) | (290 | ) | (7,757 | ) | ||||||||
Operating loss | (890,077 | ) | (124,251 | ) | (698,983 | ) | (453,864 | ) | (63,357 | ) | (322,713 | ) | ||||||||
Net foreign exchange gain | 5,629 | 786 | 4,659 | 1,557 | 217 | 937 | ||||||||||||||
Interest income | 74,946 | 10,462 | 89,294 | 35,200 | 4,914 | 40,347 | ||||||||||||||
Fair value changes of financial assets at FVTPL | 23,154 | 3,232 | 4,503 | 13,971 | 1,950 | 1,094 | ||||||||||||||
Other finance costs | (3,292 | ) | (460 | ) | (1,356 | ) | (1,873 | ) | (261 | ) | (648 | ) | ||||||||
Changes in the carrying amounts of preferred shares and other financial instruments subject to redemption and other preferential rights | - | - | (278,226 | ) | - | - | (131,842 | ) | ||||||||||||
Loss before taxation | (789,640 | ) | (110,231 | ) | (880,109 | ) | (405,009 | ) | (56,537 | ) | (412,825 | ) | ||||||||
Income tax | (1,877 | ) | (262 | ) | (1,591 | ) | (1,436 | ) | (200 | ) | (793 | ) | ||||||||
Loss for the period | (791,517 | ) | (110,493 | ) | (881,700 | ) | (406,445 | ) | (56,737 | ) | (413,618 | ) | ||||||||
Loss attributable to ordinary shareholders of the Company | (791,517 | ) | (110,493 | ) | (881,700 | ) | (406,445 | ) | (56,737 | ) | (413,618 | ) | ||||||||
Loss per ordinary share | ||||||||||||||||||||
Basic and diluted loss per Class A and Class B ordinary share | (0.87 | ) | (0.12 | ) | (7.38 | ) | (0.45 | ) | (0.06 | ) | (3.37 | ) | ||||||||
Loss per ADS | ||||||||||||||||||||
Basic and diluted loss per ADS | (2.61 | ) | (0.36 | ) | (22.14 | ) | (1.35 | ) | (0.18 | ) | (10.11 | ) |
Notes:
(a) Includes share-based compensation expenses as follows:
Six Months Ended June 30, | Three Months Ended June 30, | ||||||||||||||||
2025 | 2024 | 2025 | 2024 | ||||||||||||||
ѵ�000 | �000 | ѵ�000 | ѵ�000 | �000 | ѵ�000 | ||||||||||||
Cost of revenue | - | - | (3,021 | ) | - | - | (1,591 | ) | |||||||||
Research and development expenses | (86,386 | ) | (12,059 | ) | (150,368 | ) | (38,663 | ) | (5,397 | ) | (53,293 | ) | |||||
Administrative expenses | (129,414 | ) | (18,065 | ) | (133,328 | ) | (79,421 | ) | (11,087 | ) | (51,474 | ) | |||||
Selling expenses | (3,722 | ) | (520 | ) | (5,183 | ) | (1,774 | ) | (248 | ) | (1,916 | ) | |||||
Total share-based compensation expenses | (219,522 | ) | (30,644 | ) | (291,900 | ) | (119,858 | ) | (16,732 | ) | (108,274 | ) |
WeRide Inc. Reconciliation of IFRS and Non-IFRS results | |||||||||||||||||||
Six Months Ended June 30, | Three Months Ended June 30, | ||||||||||||||||||
2025 | 2024 | 2025 | 2024 | ||||||||||||||||
ѵ�000 | �000 | ѵ�000 | ѵ�000 | �000 | ѵ�000 | ||||||||||||||
Loss for the period | (791,517 | ) | (110,493 | ) | (881,700 | ) | (406,445 | ) | (56,737 | ) | (413,618 | ) | |||||||
Add: | |||||||||||||||||||
Share-based compensation expenses | 219,522 | 30,644 | 291,900 | 119,858 | 16,732 | 108,274 | |||||||||||||
Fair value changes of financial assets at FVTPL | (23,154 | ) | (3,232 | ) | (4,503 | ) | (13,971 | ) | (1,950 | ) | (1,094 | ) | |||||||
Changes in the carrying amounts of preferred shares and other financial instruments subject to redemption and other preferential rights | - | - | 278,226 | - | - | 131,842 | |||||||||||||
Adjusted net loss | (595,149 | ) | (83,081 | ) | (316,077 | ) | (300,558 | ) | (41,955 | ) | (174,596 | ) |
____________________________
1 Adjusted net loss is defined as net loss for the period excluding share-based compensation expenses, fair value changes of financial assets at FVTPL and changes in the carrying amounts of preferred shares and other financial instruments subject to redemption and other preferential rights.
2 ADS-to-Class A ordinary share ratio is 1:3.
