WeRide (WRD)
NASDAQ:WRD
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WeRide
(NASDAQ:WRD)
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Rating:45Neutral
Price Target:
$7.50
▼(-3.72% Downside)
Action:ReiteratedDate: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.
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.
Read all positive and negative factors
Positive Factors
Negative 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.
Read all positive factors
WeRide (WRD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.65B
Dividend YieldN/A
Average Volume (3M)5.67M
Price to Earnings (P/E)―
Beta (1Y)2.19
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. Volume5,162,713
30 Day Avg. Volume5,671,880
Financial Highlights & Ratios
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 Cap3.84
Enterprise Value/Revenue11.50
Enterprise Value/Gross Profit13.61
Enterprise Value/Ebitda15.33
Forecast
1Y Price Target
$13.57Price Target Upside74.20% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)-3.81
Revenue Forecast (FY)$1.06B
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
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 technolog...
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
25
Negative
Balance Sheet
30
Negative
Cash Flow
20
Very Negative
| 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
Positive
7.79
Price Trends
7.27
Positive
7.96
Negative
8.80
Negative
Market Momentum
0.17
Negative
57.30
Neutral
53.84
Neutral
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 7.79 is above the 20-day moving average (MA) of 7.13, above the 50-day MA of 7.27, and below the 200-day MA of 8.80, indicating a neutral trend. The MACD of 0.17 indicates Negative momentum. The RSI at 57.30 is Neutral, neither overbought nor oversold. The STOCH value of 53.84 is Neutral, 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% | |
59 Neutral | $6.07B | -21.61 | -3.27% | ― | 7.61% | 88.66% | |
50 Neutral | $7.85B | -8.65 | -39.77% | ― | ― | 5.46% | |
48 Neutral | $139.59M | -2.52 | -73.64% | ― | 46.09% | 46.01% | |
47 Neutral | $1.26B | -20.19 | -26.89% | ― | 30.20% | 35.80% | |
45 Neutral | $2.65B | -11.62 | -24.09% | ― | ― | ― |
* Consumer Cyclical Sector Average
WRD
WeRide
7.59
-2.22
-22.63%
INVZ
Innoviz Technologies
0.65
0.11
20.37%
OUST
Ouster
20.03
12.93
182.11%
AUR
Aurora Innovation
4.03
-2.36
-36.93%
MBLY
Mobileye Global, Inc. Class A
7.21
-5.99
-45.38%
WeRide Corporate Events
WeRide Reports December 2025 Share Capital Movements After Hong Kong Listing
Jan 7, 2026
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...
WeRide Inc. Reports Share Movements Following Hong Kong Listing
Dec 5, 2025
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 sh...
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.