WeRide (WRD) AI Stock Analysis

• Market Cap: $2.52B
• Dividend Yield: N/A
• Average Volume (3M): 3.68M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.26
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 2,913
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Software - Infrastructure
• EPS (TTM): -0.05
• Shares Outstanding: 324,169,340
• 10 Day Avg. Volume: 2,543,558
• 30 Day Avg. Volume: 3,679,367
• PEG Ratio: -0.47
• Price to Book (P/B): 4.03
• Price to Sales (P/S): 78.93
• P/FCF Ratio: -41.97
• Enterprise Value/Market Cap: 4.59
• Enterprise Value/Revenue: 13.08
• Enterprise Value/Gross Profit: 15.48
• Enterprise Value/Ebitda: 17.43
• 1Y Price Target: $15.30
• Price Target Upside: 108.45% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: $7.50 ▲(2.18% Upside)
• Action: Reiterated Date: 12/07/25
• Date: Action: Reiterated 12/07/25

WeRide Inc.'s overall stock score is primarily impacted by its poor financial performance, with persistent losses and negative cash flows. While the earnings call provided some positive insights into revenue growth and global expansion, the company's valuation remains unattractive due to its unprofitability. Technical analysis suggests caution, with mixed signals and potential bearish momentum.

Positive Factors

City-level driverless permit & multi-country expansion

City-level driverless permits and approvals across eight countries create durable regulatory advantages and operational legitimacy. These approvals lower local entry barriers, enable live deployment data collection across varied environments, and support scalable unit economics and global commercial rollouts over time.

Material revenue growth and improving gross margin

A 144% revenue increase alongside a 33% gross margin signals improving demand and better unit economics driven by higher product and service revenue. If maintained while operating expenses stabilize, this mix shift supports a sustainable path to profitability and funds further deployment and R&D without immediate reliance on dilutive financing.

Proprietary ADAS & strategic partnership (WePilot 3.0, Bosch)

A proprietary ADAS offering plus a milestone with Bosch provide durable technological and commercial moats. Strong software IP and validated OEM/supplier collaboration reduce integration risk, accelerate vehicle provisioning, and increase competitive differentiation for fleet operators and vehicle partners over multiple market cycles.

Negative Factors

Consistent negative free cash flow

Persistent negative free cash flow erodes financial flexibility and forces dependence on external capital rounds or financing. Over the medium term this can constrain necessary fleet expansion, product development and marketing, increase dilution risk, and raise execution uncertainty if capital markets tighten or fundraising costs rise.

Ongoing net losses & negative operating margins

Sustained negative net income and negative EBIT/EBITDA margins indicate the business has not yet converted scale into profitable operations. This structural lack of operating profitability requires meaningful margin improvements or cost restructuring to achieve durable financial health and fund expansion without recurring capital infusions.

China market structural profitability constraints

Low fares and under‑utilization in China limit revenue per vehicle, making domestic unit economics weak. Reliance on higher‑yield markets to achieve profitability increases strategic risk; replicating profitable Abu Dhabi metrics in China is unlikely without structural fare or utilization changes, complicating global scale.

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 logistics, and environmental sanitation. The company was founded by Xu Han and Yan Li in February 2017 and is headquartered in Guangzhou, China.

How the Company Makes Money

WeRide generates revenue primarily through its autonomous driving solutions, which are monetized via several key streams. First, the company partners with ride-hailing services and public transport operators to provide autonomous vehicle technology, earning fees for the integration and deployment of its systems. Additionally, WeRide collaborates with automotive manufacturers to license its autonomous driving software and technology, creating a revenue stream from technology licensing. The company also engages in pilot projects and partnerships with logistics companies, charging for the deployment of self-driving delivery vehicles. Furthermore, WeRide may explore data monetization opportunities by analyzing traffic patterns and user behavior, offering insights to urban planners and mobility service providers. Strategic partnerships with tech firms and automotive giants enhance its market presence and contribute to its revenue growth.

WeRide Financial Statement Overview

Summary

WeRide Inc. faces significant financial challenges, with declining revenues, persistent losses, and negative cash flows. Despite some improvement in equity and asset management, the company struggles with operational inefficiencies and a heavy reliance on external financing.

Income Statement

WeRide Inc. has experienced a declining revenue trend over the past years, with a significant drop from 2022 to 2023. The company has consistently reported negative net income, leading to negative net profit margins. Additionally, both EBIT and EBITDA margins are negative, indicating operational inefficiencies and challenges in covering operating expenses.

Balance Sheet

The balance sheet shows a strong equity position with stockholders' equity turning positive in 2024. However, the company has a high debt-to-equity ratio due to substantial liabilities in previous years. The equity ratio has improved, but the company still faces challenges in asset utilization and financial stability.

Cash Flow

WeRide Inc. has consistently reported negative free cash flow, indicating cash outflows exceed inflows from operations. The operating cash flow to net income ratio is unfavorable, reflecting difficulties in converting revenue into cash. Despite positive financing cash flow, the reliance on external financing is a concern.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2017
Income Statement
Total Revenue	882.60M	361.13M	401.84M	527.54M	138.17M	427.19M
Gross Profit	745.60M	110.72M	183.48M	232.54M	51.66M	375.52M
EBITDA	662.23M	-2.41B	-1.85B	-1.21B	-935.86M	273.79M
Net Income	-104.28M	-2.52B	-1.95B	-1.30B	-1.01B	49.88M
Balance Sheet
Total Assets	3.06B	7.69B	5.61B	5.39B	3.31B	2.78B
Cash, Cash Equivalents and Short-Term Investments	1.75M	6.57B	4.53B	4.51B	2.78B	226.00K
Total Debt	1.09B	143.02M	53.41M	67.87M	93.83M	770.60M
Total Liabilities	2.04B	627.75M	8.67B	7.47B	4.27B	1.63B
Stockholders Equity	1.03B	7.07B	-3.05B	-2.08B	-964.97M	1.15B
Cash Flow
Free Cash Flow	-619.71M	-679.10M	-511.84M	-753.07M	-532.30M	-990.38M
Operating Cash Flow	581.55M	-593.60M	-474.89M	-670.38M	-506.67M	277.37M
Investing Cash Flow	-1.01B	325.50M	-546.94M	-2.20B	460.90M	-1.27B
Financing Cash Flow	421.03M	2.82B	446.95M	2.18B	2.60B	986.60M

WeRide Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 7.34
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WRD, the sentiment is Negative. The current price of 7.34 is below the 20-day moving average (MA) of 7.77, below the 50-day MA of 8.50, and below the 200-day MA of 9.12, indicating a bearish trend. The MACD of -0.37 indicates Positive momentum. The RSI at 40.10 is Neutral, neither overbought nor oversold. The STOCH value of 16.92 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WRD.

WeRide Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
MBLY	59 Neutral	$7.42B	-18.29	-3.27%	―	7.61%	88.66%
AUR	50 Neutral	$9.45B	-10.91	-40.65%	―	―	5.46%
INVZ	48 Neutral	$190.48M	-2.64	-71.46%	―	46.09%	46.01%
WRD	45 Neutral	$2.52B	-8.84	-188.58%	―	―	―
OUST	45 Neutral	$1.12B	-11.32	-42.03%	―	30.20%	35.80%

WeRide Corporate Events

WeRide Reports December 2025 Share Capital Movements After Hong Kong Listing

On January 7, 2026, WeRide Inc. filed a Form 6-K with the U.S. Securities and Exchange Commission to notify investors that it had submitted a monthly return to the Hong Kong Stock Exchange detailing movements in its share capital for December 2025. The filing shows that while the company’s total authorised share capital remained unchanged at 5 billion ordinary shares (4.5 billion Class A WVR shares and 500 million Class B WVR shares), its issued Class A share count increased modestly by 706,134 shares during December 2025 to 972,508,041 shares, driven by exercises of share awards under its 2018 Share Plan. Class B issued shares were unchanged at 54,814,423, no treasury shares were held or used, and WeRide confirmed that all issuances were properly authorised and compliant with Hong Kong listing and legal requirements, underlining orderly execution of its equity incentive program following its November 6, 2025 Hong Kong listing.

The most recent analyst rating on (WRD) stock is a Buy with a $17.00 price target. To see the full list of analyst forecasts on WeRide stock, see the WRD Stock Forecast page.

WeRide Inc. Reports Share Movements Following Hong Kong Listing

WeRide Inc. announced the submission of a monthly return form to the Hong Kong Stock Exchange on December 4, 2025, detailing the movements in its authorized share capital and issued shares for November 2025. The company’s Class A ordinary shares were newly listed on the Main Board of the Hong Kong Stock Exchange on November 6, 2025, marking a significant step in its market presence and providing potential growth opportunities for stakeholders.

The most recent analyst rating on (WRD) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on WeRide stock, see the WRD Stock Forecast page.