WeRide (WRD)
NASDAQ:WRD
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WeRide
(NASDAQ:WRD)
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Rating:50Neutral
Price Target:
$8.00
▼(-2.56% Downside)
Action:ReiteratedDate:04/26/26
The score is held down primarily by weak financial performance—heavy ongoing losses and worsening cash burn—despite strong revenue momentum and a relatively low-debt balance sheet. Technical indicators are mildly supportive but not decisive, while valuation remains constrained by loss-making status. The latest earnings call adds a positive tilt through scaling and unit-economics improvement plans and capital actions, tempered by execution and regulatory risks.
Positive Factors
Revenue growth momentum
Sustained, large top-line rebound (90% FY2025) reflects accelerating commercial adoption and expands the addressable base for robotaxi, product and service revenue. Durable revenue momentum improves chances to scale fixed costs and convert operating leverage into lasting margin gains.
Negative Factors
Accelerating cash burn
Consistent and rising negative operating and free cash flow materially increases funding risk. Even with reserves, ongoing burn requires near-term external financing or rapid margin conversion to avoid dilution or curtailed expansion, constraining long-term financial resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth momentum
Sustained, large top-line rebound (90% FY2025) reflects accelerating commercial adoption and expands the addressable base for robotaxi, product and service revenue. Durable revenue momentum improves chances to scale fixed costs and convert operating leverage into lasting margin gains.
Read all positive factors
WeRide (WRD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.55B
Dividend YieldN/A
Average Volume (3M)5.57M
Price to Earnings (P/E)―
Beta (1Y)2.08
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees2,913
SectorConsumer Cyclical
Sector Strength84
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.08
Shares Outstanding324,169,340
10 Day Avg. Volume2,528,298
30 Day Avg. Volume5,565,689
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)2.37
Price to Sales (P/S)28.09
P/FCF Ratio-11.91
Enterprise Value/Market Cap3.88
Enterprise Value/Revenue11.22
Enterprise Value/Gross Profit13.29
Enterprise Value/Ebitda14.96
Forecast
1Y Price Target
$13.57Price Target Upside65.25% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)-3.97
Revenue Forecast (FY)$1.07B
WeRide Business Overview & Revenue Model
Company Description
WeRide, Inc. engages in the development of an autonomous driving technology platform. It offers Robotaxi, Robobus, Robovan, Robosweeper, and advanced driving solutions, providing smart services in online ride-hailing, on-demand transport, urban lo...
How the Company Makes Money
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WeRide Earnings Call Summary
Earnings Call Date:Mar 13, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 27, 2026
Earnings Call Sentiment Positive
The call presents a strong growth narrative: robust top-line expansion (90% FY revenue growth), rapid fleet and geographic scaling, technology and regulatory milestones, improving gross margins and notable cost reductions (TCO down ~38%). At the same time the company remains unprofitable with substantial R&D and operating expenses, promotional pricing and execution/regulatory and competitive risks. On balance the positive operational momentum, margin improvements, balance-sheet actions (USD 100M buyback) and international commercialization progress materially outweigh the listed challenges.Positive Updates
Record Annual Revenue and Strong YoY Growth
Full year 2025 revenue reached CNY 685 million, up 90% year-over-year, marking a company record.
Negative Updates
Continued Net Losses Despite Narrowing
Company remains unprofitable: full year 2025 net loss narrowed 34% to CNY 1.65 billion but losses remain material. (Transcript also reports a Q4 net loss 'narrowed by 6% to CNY 5,565 million', which appears inconsistent with the annual figure and highlights reporting ambiguity.)
Read all updates
Q4-2025 Updates
Positive
Negative
Record Annual Revenue and Strong YoY Growth
Full year 2025 revenue reached CNY 685 million, up 90% year-over-year, marking a company record.
Read all positive updates
Company Guidance
Management's guidance emphasized scaling and unit‑economics improvement: they expect the global robotaxi fleet to reach ~2,600 vehicles by end‑2026 (subject to regulatory approvals) on a path to "tens of thousands" by 2030, with the international robotaxi fleet already >250 and the total global AV fleet up to 2,113 from 1,089; they plan at least ~1,000 additional Middle East vehicles by 2027 (and a 1,200‑vehicle Uber rollout slated to be fully delivered by 2027), target steady‑state utilization of ~25 trips/vehicle/day (versus the current ~15 average and 26 peak), see pricing moving toward ~RMB3/km from ~RMB2/km today (average trip ~5 km), and aim for China contribution margins >40%; operational levers include continued TCO reductions (TCO down ~38% in 2025), a 15% BOM cut on the GXR, remote‑assistance ratio improvement from 1:10 to 1:40, per‑vehicle production time <10 minutes, and expected stable/healthy gross margins (international ~~50% and Middle East subsidiary already profitable), supported by CNY7.13 billion of capital reserves (CNY6.97b cash), a Board‑approved USD100 million share buyback program, and a net cash burn below USD200m.WeRide Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
72
Positive
Cash Flow
27
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 882.60M | 665.94M | 361.13M | 401.84M | 527.54M | 138.17M |
| Gross Profit | 745.60M | 201.19M | 110.72M | 183.48M | 232.54M | 51.66M |
| EBITDA | 662.23M | -1.80B | -2.41B | -1.85B | -1.21B | -935.86M |
| Net Income | -104.28M | -1.61B | -2.52B | -1.95B | -1.30B | -1.01B |
Balance Sheet | ||||||
| Total Assets | 3.06B | 8.94B | 7.69B | 5.61B | 5.39B | 3.31B |
| Cash, Cash Equivalents and Short-Term Investments | 1.75M | 7.13B | 6.57B | 4.53B | 4.51B | 2.78B |
| Total Debt | 1.09B | 379.67M | 143.02M | 53.41M | 67.87M | 93.83M |
| Total Liabilities | 2.04B | 1.04B | 627.75M | 8.67B | 7.47B | 4.27B |
| Stockholders Equity | 1.03B | 7.91B | 7.07B | -3.05B | -2.08B | -964.97M |
Cash Flow | ||||||
| Free Cash Flow | -619.71M | -1.57B | -679.10M | -511.84M | -753.07M | -532.30M |
| Operating Cash Flow | 581.55M | -1.32B | -593.60M | -474.89M | -670.38M | -506.67M |
| Investing Cash Flow | -1.01B | 1.51B | 325.50M | -546.94M | -2.20B | 460.90M |
| Financing Cash Flow | 421.03M | 2.30B | 2.82B | 446.95M | 2.18B | 2.60B |
WeRide Technical Analysis
Positive
8.21
Price Trends
7.25
Positive
8.00
Positive
8.80
Negative
Market Momentum
0.24
Negative
61.87
Neutral
85.20
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WRD, the sentiment is Positive. The current price of 8.21 is above the 20-day moving average (MA) of 7.59, above the 50-day MA of 7.25, and below the 200-day MA of 8.80, indicating a neutral trend. The MACD of 0.24 indicates Negative momentum. The RSI at 61.87 is Neutral, neither overbought nor oversold. The STOCH value of 85.20 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for WRD.
WeRide Risk Analysis
WeRide disclosed 29 risk factors in its most recent earnings report. WeRide reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
WeRide Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | $7.36B | -0.36 | -37.31% | ― | 8.69% | -37.14% | |
55 Neutral | $12.02B | -8.65 | -39.77% | ― | ― | 3.79% | |
50 Neutral | $2.55B | -9.00 | -24.09% | ― | ― | ― | |
48 Neutral | $143.97M | -2.52 | -73.64% | ― | 127.00% | 40.53% | |
47 Neutral | $1.68B | -20.19 | -26.89% | ― | 52.46% | 47.14% |
* Consumer Cyclical Sector Average
WRD
WeRide
7.64
0.79
11.53%
INVZ
Innoviz Technologies
0.67
-0.03
-4.82%
OUST
Ouster
26.45
18.48
231.87%
AUR
Aurora Innovation
6.13
-1.65
-21.21%
MBLY
Mobileye Global, Inc. Class A
8.74
-5.81
-39.93%
WeRide Corporate Events
WeRide Discloses Nasdaq Share Buyback Under March 2026 Repurchase Mandate
Apr 14, 2026
On April 14, 2026, WeRide Inc. filed a Form 6-K and a Next Day Disclosure Return detailing a minor change in its share capital following a repurchase of WVR ordinary shares. The company bought back 270,000 shares on April 13, 2026 on the Nasdaq St...
WeRide Discloses Nasdaq Share Buyback in April 10 Transaction
Apr 13, 2026
On April 13, 2026, WeRide Inc. filed a Form 6-K with the U.S. Securities and Exchange Commission, disclosing a Next Day Disclosure Return to the Hong Kong Stock Exchange covering changes in its issued and treasury shares. The filing confirms that ...
WeRide Details March Share Buybacks and New 2026 Equity Plan in Latest HKEX Return
Apr 9, 2026
On April 9, 2026, WeRide filed a Form 6-K in the United States and submitted a monthly return to the Hong Kong Stock Exchange detailing movements in its share capital for March 2026. The company reported no change in total authorised share capital...
WeRide Discloses April 7 Share Buyback Under Hong Kong Repurchase Mandate
Apr 8, 2026
On April 8, 2026, WeRide Inc. filed a Form 6-K report and a Next Day Disclosure Return in Hong Kong, disclosing changes in its share capital structure tied to recent repurchase activity. The filing shows that as of March 31, 2026, the company had ...
WeRide Discloses Late-March Share Buybacks and Imposes Temporary Cap on New Equity Issuance
Apr 1, 2026
WeRide Inc. reported changes in its share capital structure in late March 2026, disclosing a repurchase of 300,000 WVR ordinary shares on March 25, 2026 via the Nasdaq Stock Market. Following this buyback, the company’s issued shares excludi...
WeRide Updates Board Composition Following Retirement of Non-Executive Director Doi
Mar 31, 2026
On March 31, 2026, WeRide Inc. reported that non-executive director Kazuhiro Doi, originally nominated by Alliance Ventures B.V., resigned from the board due to retirement. The company noted that Doi had no disagreements with the board and that th...
WeRide Discloses HKD 188.7 Million Share Buyback in Hong Kong Filing
Mar 30, 2026
On March 30, 2026, WeRide filed a Form 6-K with the U.S. Securities and Exchange Commission to report changes in its share capital disclosed to the Hong Kong Stock Exchange. The filing detailed a Next Day Disclosure Return reflecting a repurchase ...
WeRide Discloses March 24 Share Buyback on Hong Kong Exchange
Mar 24, 2026
On March 24, 2026, WeRide Inc. reported to U.S. regulators that it had filed a Next Day Disclosure Return in Hong Kong detailing a repurchase of its Class A ordinary shares. The filing confirms the company’s compliance with both SEC foreign ...
WeRide Reports No Share Capital Changes in February 2026 Hong Kong Filing
Mar 5, 2026
On March 5, 2026, WeRide Inc. filed a Form 6-K in the United States reporting that it had submitted its required monthly return on movements in securities to the Stock Exchange of Hong Kong for the month ended February 28, 2026. The filing confirm...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.