Weride Inc. (WRD)
NASDAQ:WRD
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WeRide
(NASDAQ:WRD)
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Rating:49Neutral
Price Target:
$7.00
â–¼(-14.74% Downside)
Action:Reiterated
Date:05/19/26
The score is held back primarily by heavy ongoing losses and accelerating cash burn despite strong revenue rebound and a low-leverage balance sheet. Technicals also remain weak with the stock trading below major moving averages and negative MACD. Offsetting these, the latest earnings call highlighted clear rollout guidance, expanding partnerships, and a strong cash position with a buyback, but near-term profitability and regulatory risks remain meaningful.
Positive Factors
Large global fleet scale
A broad installed base across markets materially raises learning rates, data collection and economies of scale for autonomous models. Over 1,300 robotaxis and ~2,800 L4 units across many cities supports durable improvements in system robustness, route-specific ops and eventual per-vehicle unit economics.
Negative Factors
Worsening cash burn
Persistent and escalating negative operating and free cash flow creates a structural funding overhang. Even with large cash reserves today, sustained cash burn raises refinancing risk, could force dilution or curtailment of growth investments, and compresses the timeframe to achieve self‑funding unit economics.
Read all positive and negative factors
Positive Factors
Negative Factors
Large global fleet scale
A broad installed base across markets materially raises learning rates, data collection and economies of scale for autonomous models. Over 1,300 robotaxis and ~2,800 L4 units across many cities supports durable improvements in system robustness, route-specific ops and eventual per-vehicle unit economics.
Read all positive factors
WeRide (WRD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.48B
Dividend YieldN/A
Average Volume (3M)2.55M
Price to Earnings (P/E)―
Beta (1Y)2.06
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees2,913
SectorConsumer Cyclical
Sector Strength84
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-1.21
Shares Outstanding317,415,000
10 Day Avg. Volume3,362,916
30 Day Avg. Volume2,553,237
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 Cap4.37
Enterprise Value/Revenue12.31
Enterprise Value/Gross Profit14.57
Enterprise Value/Ebitda16.41
Forecast
1Y Price Target
$11.40Price Target Upside38.86% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)-3.93
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
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WeRide Earnings Call Summary
Earnings Call Date:May 13, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Positive
The call conveyed clear commercial momentum: meaningful revenue growth, rapid expansion of global robotaxi and L4 fleets, growing ADAS mass-production adoption, a major technical milestone with the GENESIS simulation platform, strong partnership pipeline, and a healthy cash position bolstered by a sizable share repurchase. Against these positives, the company remains unprofitable with sizable operating and R&D spend, faces short-term regulatory headwinds in China and utilization softness in parts of the Middle East, and incurs upfront costs when entering new markets. On balance, the operational progress, technology leadership and financial resources appear to outweigh near-term challenges.Positive Updates
Revenue Growth
Total revenue of RMB 114 million in Q1 2026 with management citing year-over-year growth (CEO stated +58% YoY; CFO presented +38% YoY), reflecting accelerating commercial traction across robotaxi and ADAS businesses.
Negative Updates
Sizable Net Loss and Operating Expense Base
Net loss reported at RMB 359 million (management stated) while IFRS net loss increased 11% YoY to RMB 326 million. Operating expenses were RMB 459 million in Q1 2026 with R&D accounting for ~77% of OPEX, reflecting continued heavy investment ahead of scale.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue Growth
Total revenue of RMB 114 million in Q1 2026 with management citing year-over-year growth (CEO stated +58% YoY; CFO presented +38% YoY), reflecting accelerating commercial traction across robotaxi and ADAS businesses.
Read all positive updates
Company Guidance
WeRide reiterated a clear near‑term and long‑term rollout plan: on track to deploy 2,000 robotaxi worldwide by end‑2026, to deploy at least 1,200 robotaxi across Abu Dhabi, Dubai and Riyadh by 2027, and to scale toward tens (and management has also referenced hundreds) of thousands of robotaxi by 2030; it expects international revenue (≈1/3 of group revenue last year) to grow faster and contribute a larger share in 2026, highlighted a joint Lenovo target to deploy 200,000 autonomous vehicles over the next five years and a Geely Farizon plan to deliver 2,000 GXR robotaxi in 2026, noted its Middle East subsidiary is already net‑profitable, said it remains on track to hit its full‑year revenue target, and pointed to a strong balance sheet (RMB 6.22 billion total capital reserve, RMB 6.18 billion cash/time deposits, RMB 294 million short‑term loans) while executing a USD 100 million buyback (≈24.4 million shares repurchased for ~USD 61.4 million so far).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
Negative
8.21
Price Trends
7.48
Negative
7.74
Negative
8.62
Negative
Market Momentum
-0.13
Positive
47.56
Neutral
50.86
Neutral
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 8.21 is above the 20-day moving average (MA) of 7.51, above the 50-day MA of 7.48, and below the 200-day MA of 8.62, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 47.56 is Neutral, neither overbought nor oversold. The STOCH value of 50.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WRD.
WeRide Risk Analysis
WeRide disclosed 88 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 | $2.23B | -16.26 | -22.20% | ― | 57.34% | 50.64% | |
59 Neutral | $8.25B | -0.36 | -37.31% | ― | 8.69% | -37.14% | |
52 Neutral | $14.06B | -9.00 | -39.64% | ― | ― | 7.22% | |
51 Neutral | $152.42M | -1.30 | -101.64% | ― | 29.57% | 13.83% | |
49 Neutral | $2.48B | -12.31 | -23.79% | ― | ― | ― |
* Consumer Cyclical Sector Average
WRD
WeRide
7.34
-1.77
-19.43%
INVZ
Innoviz Technologies
0.71
-0.16
-18.13%
OUST
Ouster
37.03
26.74
259.86%
AUR
Aurora Innovation
7.07
1.13
19.02%
MBLY
Mobileye Global, Inc. Class A
10.18
-5.43
-34.79%
WeRide Corporate Events
WeRide Reports May 13 Share Buyback and Updated Treasury Share Position
May 14, 2026
On May 14, 2026, WeRide Inc. filed a Form 6-K and a Next Day Disclosure Return detailing changes in its issued share capital following a share repurchase conducted on May 13, 2026. The company reported that it bought back 720,000 WVR Class A ordin...
WeRide Posts Record Q1 2026 Revenue as Global Robotaxi and ADAS Deployments Accelerate
May 13, 2026
WeRide Inc. reported unaudited first-quarter 2026 results on May 13, 2026, posting record revenue of RMB114.1 million, up 57.6% year on year, with strong growth in both product and service revenue and a gross margin of 34.7%, while its operating l...
WeRide Repurchases Shares on Nasdaq Under March 2026 Buyback Mandate
May 12, 2026
WeRide Inc. reported a change in its capital structure in May 2026, disclosing that it repurchased 101,907 WVR Class A ordinary shares on May 11, 2026 on the Nasdaq Stock Market, at a volume‑weighted average price of about USD 2.457 per shar...
WeRide Repurchases Nasdaq-Listed Shares Under March 2026 Buyback Mandate
May 11, 2026
WeRide reported that on May 8, 2026 it repurchased 540,000 WVR ordinary shares, in the form of American depositary shares, on the Nasdaq Stock Market at prices between USD 2.4567 and USD 2.4733, for a total consideration of about USD 1.33 million....
WeRide Sets June 26, 2026 AGM as It Files 2025 Annual Report
May 8, 2026
WeRide Inc., a leading autonomous driving technology company and the first listed robotaxi operator, develops L2 to L4 autonomous solutions for mobility, logistics, and sanitation, and has secured permits in eight major global markets. Its vehicle...
WeRide Reports May 7 Share Buyback on Nasdaq Under Ongoing Repurchase Mandate
May 8, 2026
On May 7, 2026, WeRide repurchased 777,321 WVR Class A ordinary shares on the Nasdaq Stock Market at prices between USD 2.46 and USD 2.50, for an aggregate consideration of about USD 1.94 million, to be held as treasury shares rather than cancelle...
WeRide Discloses Latest Nasdaq Share Buyback and Treasury Stock Increase
May 7, 2026
On May 7, 2026, WeRide Inc. filed a Form 6-K reporting a Next Day Disclosure Return that detailed changes in its share capital as of May 6, 2026, following repurchases of its WVR A ordinary shares on the Nasdaq Stock Market. The disclosure shows 4...
WeRide Reports April Share Repurchases and Confirms Public Float Compliance
May 7, 2026
On May 7, 2026, WeRide Inc. filed a Form 6-K and a monthly return with the Hong Kong Stock Exchange detailing movements in its share capital for April 2026. The company reported no change in its total authorized share capital of US$50,000, split b...
WeRide Announces Nasdaq Share Buyback and Updates Hong Kong Disclosure
May 4, 2026
On May 4, 2026, WeRide Inc. reported a repurchase of 270,000 WVR ordinary shares on April 30, 2026 via the Nasdaq Stock Market, at prices between USD 2.493 and USD 2.5 per share, for a total of USD 674,100, with all repurchased shares held as trea...
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.