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WeRide Inc. Sponsored ADR (WRD)
NASDAQ:WRD
Top Page
WeRide Inc. Sponsored ADR
(NASDAQ:WRD)
Rating:47Neutral
Price Target:
$9.00
▼(-1.96% Downside)
Positive Factors
Operational Expansion
WeRide can now operate 24 hours a day in Guangzhou, covering key landmarks and national transportation hubs.
Strategic Partnerships
Nvidia's investment in WeRide is drawing substantial positive attention to the company.
Technological Advancements
A first-mover advantage and existing scale in L4 autonomous driving should bode well for further robotaxi order wins.
Negative Factors
Geopolitical Risks
Uncertainties around ADR de-listing could lead the market to apply a greater equity risk premium.
Government Spending
Near-term uncertainties in robobus/robosweeper businesses are due to potentially delayed project launches and slowing government spending.
WeRide Inc. Sponsored ADR (WRD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.47B
Dividend YieldN/A
Average Volume (3M)7.85M
Price to Earnings (P/E)―
Beta (1Y)2.01
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees2,913
SectorConsumer Cyclical
Sector Strength74
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.19
Shares Outstanding266,257,420
10 Day Avg. Volume10,323,106
30 Day Avg. Volume7,850,049
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap0.59
Enterprise Value/Revenue1.65
Enterprise Value/Gross Profit1.95
Enterprise Value/Ebitda2.20
Forecast
1Y Price Target
$15.33Price Target Upside66.99% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
WeRide Inc. Sponsored ADR Business Overview & Revenue Model
Company DescriptionWeRide, 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 MoneyWeRide generates revenue through multiple streams, primarily by licensing its autonomous driving technology to automotive manufacturers and receiving fees for software integration services. The company also earns income from partnerships with ride-hailing services and other mobility platforms that utilize its self-driving solutions. Additionally, WeRide may receive funding and investments from strategic partnerships and government initiatives aimed at advancing autonomous vehicle development, contributing to its overall revenue growth.
WeRide Inc. Sponsored ADR Earnings Call Summary
Earnings Call Date:Jul 31, 2025
(Q1-2025)
| % Change Since: -1.82%|
Next Earnings Date:Nov 28, 2025
Earnings Call Sentiment Positive
The earnings call highlighted significant achievements such as the expanded partnership with Uber, successful launches of autonomous services in new cities, and strong revenue growth in the RoboTaxi segment. However, these positive aspects were somewhat offset by a slight decline in service revenue, increased operating expenses, and a substantial increase in net loss on a non-IFRS basis. Overall, the sentiment is positive, driven by the strategic milestones and growth potential.Q1-2025 Updates
Positive Updates
Expanded Partnership with Uber
WeRide has committed to providing Robotaxi service in 15 additional cities internationally and received an additional $100 million equity investment from Uber.
Launch of Driverless Robotaxi Testing
WeRide launched the first driverless Robotaxi testing in Abu Dhabi, the first of its kind in the Middle East.
First Autonomous Mobility Service in Central Guangzhou
WeRide rolled out China’s first 24/7 autonomous ride-hailing network in Guangzhou, covering more than 250 kilometers of public roads.
Strong RoboTaxi Revenue Growth
RoboTaxi revenue for the first quarter was RMB16.1 million, contributing 22.3% to total revenue, up from 11.9% in the same period of 2024.
Product Revenue Growth
Product revenue increased by 46.7% to RMB9.5 million, driven by a substantial increase in sales of RoboTaxis and RoboSweepers.
Strong R&D Investment
R&D expenses represent 70.3% of operating expenses, focusing on strategic investment in talent acquisition and retention, increasing by 17.3% to RMB325.7 million.
Strong Cash Position
As of March 31st, 2025, WeRide held a total capital reserve of RMB6.2 billion, including RMB4.4 billion in cash and cash equivalents.
Negative Updates
Slight Decline in Service Revenue
Total revenue increase was partially offset by a slight decline in service revenue.
Increase in Operating Expenses
Operating expenses rose by 14.2% to RMB463.5 million, driven by a 48.4% rise in personnel-related expenses.
Net Loss Increase on Non-IFRS Basis
On a non-IFRS basis, net loss increased by 108.2% to RMB294.6 million, primarily due to continuous investment in R&D.
Company Guidance
During the WeRide First Quarter 2025 Earnings Conference Call, the management provided several key metrics and guidance related to their ongoing operations and future plans. WeRide reported a total revenue increase of 1.8% to RMB72.4 million for Q1 2025, with RoboTaxi contributing RMB16.1 million, accounting for 22.3% of the group revenue, a notable rise from 11.9% in the same period last year. Product revenue saw a robust growth of 46.7% to RMB9.5 million, primarily driven by sales of RoboTaxi and RoboSweepers. Despite a 14.2% rise in operating expenses to RMB463.5 million, the net loss decreased by 17.7% to RMB385.1 million. The company holds a strong capital reserve of RMB6.2 billion and has announced a share repurchase program of up to $100 million, reflecting confidence in their long-term growth trajectory. Additionally, WeRide emphasized their strategic partnership with Uber, including a commitment to expand their Robotaxi service to 15 additional international cities and an additional $100 million equity investment from Uber.WeRide Inc. Sponsored ADR Financial Statement Overview
Summary
WeRide Inc. faces significant financial challenges, including declining revenues and negative profitability metrics. Despite a strong cash position, the company has negative equity and persistent negative cash flows, indicating reliance on external financing.Income Statement
The company's revenue has decreased over the past year with a notable decline from 2023 to 2024. Gross profit margin is also declining, indicating reduced efficiency in generating profit from sales. EBIT and EBITDA margins are negative, reflecting high operating losses. The net profit margin is significantly negative, highlighting ongoing financial challenges.45
Neutral
Balance Sheet
The company shows a strong cash position, with cash and equivalents exceeding total debt, resulting in negative net debt. However, the total liabilities exceed total assets, leading to negative stockholders' equity, which raises concerns about financial stability. The debt-to-equity ratio is not meaningful due to negative equity, and ROE cannot be calculated.55
Neutral
Cash Flow
Operating cash flow is negative, indicating cash burn from operations. Despite a strong financing cash flow, largely due to external financing, free cash flow remains negative, suggesting the company is not yet generating sustainable cash flow from its core operations. The free cash flow to net income ratio cannot be calculated due to negative values.50
Neutral
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2017 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 361.13M | 401.84M | 527.54M | 138.17M | 427.19M |
| Gross Profit | 110.72M | 183.48M | 232.54M | 51.66M | 375.52M |
| EBITDA | -2.41B | -1.85B | -1.21B | -935.86M | 273.79M |
| Net Income | -2.52B | -1.95B | -1.30B | -1.01B | 49.88M |
Balance Sheet | |||||
| Total Assets | 7.69B | 5.61B | 5.39B | 3.31B | 2.78B |
| Cash, Cash Equivalents and Short-Term Investments | 6.57B | 4.53B | 4.51B | 2.78B | 226.00K |
| Total Debt | 143.02M | 53.41M | 0.00 | 0.00 | 770.60M |
| Total Liabilities | 627.75M | 8.67B | 7.47B | 4.27B | 1.63B |
| Stockholders Equity | 7.07B | -3.05B | -2.08B | -966.11M | 1.15B |
Cash Flow | |||||
| Free Cash Flow | -679.10M | -511.84M | -753.07M | -532.30M | -990.38M |
| Operating Cash Flow | -593.60M | -474.89M | -670.38M | -506.67M | 277.37M |
| Investing Cash Flow | 325.50M | -546.94M | -2.20B | 460.90M | -1.27B |
| Financing Cash Flow | 2.82B | 446.95M | 2.18B | 2.60B | 986.60M |
WeRide Inc. Sponsored ADR Risk Analysis
WeRide Inc. Sponsored ADR disclosed 29 risk factors in its most recent earnings report. WeRide Inc. Sponsored ADR 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 Inc. Sponsored ADR Peers Comparison
Overall Rating
UnderperformOutperform
Sector (56)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $27.60B | 203.45 | 14.51% | ― | 26.72% | ― | |
72 Outperform | $8.61B | 5,259.57 | 0.09% | ― | 2.28% | ― | |
69 Neutral | $6.00B | ― | -3.62% | ― | 7.21% | 23.13% | |
64 Neutral | $5.73B | ― | -26.98% | ― | 32.25% | 20.56% | |
56 Neutral | HK$24.69B | 3.85 | -3.23% | 5.89% | 0.30% | -59.75% | |
52 Neutral | $748.07M | ― | ― | ― | ― | ||
47 Neutral | $2.47B | ― | -130.17% | ― | ― | ― |
* Consumer Cyclical Sector Average
Performance Comparison
WRD
WeRide Inc. Sponsored ADR
8.68
-8.32
-48.94%
PATH
UiPath
11.22
0.09
0.81%
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SentinelOne
17.22
-4.12
-19.31%
TOST
Toast Inc
47.71
24.31
103.89%
INFA
Informatica
24.70
1.03
4.35%
RZLV
Rezolve AI
3.07
-7.23
-70.19%
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.