WRD revenueFY2025CN¥684.59M
- FY YoY
- +89.6%
WRD revenue was CN¥684.59M for fiscal 2025 (ended Dec 31, 2025), up 89.6% from fiscal 2024. It rose in 1 of the last 3 fiscal years.
WeRide Inc. (WRD) financials
For fiscal 2025 (ended Dec 31, 2025), WeRide Inc. reported CN¥684.59M of revenue and -CN¥1.65B of net income. Figures are in CNY, the currency of its SEC filings.
- Revenue, FY2025
- CN¥684.59M
- Revenue growth, YoY
- +89.6%
- Net income, FY2025
- -CN¥1.65B
- Net margin
- -241.7%
- Free cash flow, FY2025
- -CN¥1.57B
- EPS, diluted, FY2025
- -CN¥1.79
- Cash
- CN¥6.67B
- Total debt
- CN¥0
FY2022FY2025
FY2022FY2025
FY2022FY2025
WRD revenue and earnings growth
WRD net incomeFY2025-CN¥1.65B
WRD net income was -CN¥1.65B for fiscal 2025 (ended Dec 31, 2025), compared with -CN¥2.52B in fiscal 2024.
WRD EPSFY2025-CN¥1.79
WRD diluted EPS was -CN¥1.79 for fiscal 2025 (ended Dec 31, 2025).
WRD free cash flowFY2025-CN¥1.57B
WRD free cash flow was -CN¥1.57B for fiscal 2025 (ended Dec 31, 2025), compared with -CN¥677.60M in fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Revenue | CN¥684.59M | CN¥361.13M | CN¥401.84M | CN¥527.54M |
| Cost of revenue | CN¥477.76M | CN¥250.42M | CN¥218.37M | CN¥295.00M |
| Gross profit | CN¥206.82M | CN¥110.72M | CN¥183.48M | CN¥232.54M |
| Research and development | CN¥1.37B | CN¥1.09B | CN¥1.06B | CN¥758.57M |
| Selling, general and admin | CN¥596.06M | CN¥1.14B | CN¥625.37M | CN¥237.24M |
| Operating income | -CN¥1.85B | -CN¥2.19B | -CN¥1.57B | -CN¥779.23M |
| Interest expense | CN¥9.13M | CN¥3.45M | CN¥3.49M | CN¥4.20M |
| Pre-tax income | -CN¥1.65B | -CN¥2.51B | -CN¥1.95B | -CN¥1.30B |
| Income tax | CN¥4.10M | CN¥5.87M | CN¥2.87M | CN¥0 |
| Net income | -CN¥1.65B | -CN¥2.52B | -CN¥1.95B | -CN¥1.30B |
| EPS, basic | -CN¥1.79 | -CN¥8.54 | -CN¥16.86 | -CN¥11.08 |
| EPS, diluted | -CN¥1.79 | -CN¥8.54 | -CN¥16.86 | -CN¥11.08 |
| Diluted shares | 926.0M | 294.6M | 117.6M | - |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Cash and equivalents | CN¥6.67B | CN¥4.27B | CN¥1.66B | CN¥2.23B |
| Short-term investments | CN¥144.25M | CN¥1.69B | CN¥317.04M | - |
| Receivables | CN¥462.13M | CN¥252.61M | CN¥266.93M | - |
| Inventory | CN¥321.02M | CN¥204.71M | CN¥218.22M | - |
| Current assets | CN¥8.21B | CN¥7.29B | CN¥5.37B | - |
| Goodwill | CN¥44.76M | CN¥44.76M | CN¥44.76M | - |
| Total assets | CN¥8.94B | CN¥7.69B | CN¥5.61B | - |
| Current liabilities | CN¥1.00B | CN¥542.49M | CN¥8.59B | - |
| Long-term debt | CN¥0 | CN¥50.04M | CN¥0 | - |
| Total debt | CN¥0 | CN¥50.04M | CN¥0 | - |
| Total liabilities | CN¥1.04B | CN¥627.75M | CN¥8.67B | - |
| Shareholders' equity | CN¥7.90B | CN¥7.07B | -CN¥3.05B | -CN¥2.08B |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Operating cash flow | -CN¥1.32B | -CN¥593.60M | -CN¥474.89M | -CN¥670.38M |
| Capital expenditures | CN¥247.60M | CN¥84.00M | CN¥36.65M | CN¥80.81M |
| Free cash flow | -CN¥1.57B | -CN¥677.60M | -CN¥511.54M | -CN¥751.19M |
| Investing cash flow | CN¥1.51B | CN¥325.50M | -CN¥546.94M | -CN¥2.20B |
| Financing cash flow | CN¥2.30B | CN¥2.82B | CN¥446.95M | CN¥2.18B |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|
| Revenue growth, YoY | 89.6% | -10.1% | -23.8% | - |
| Gross margin | 30.2% | 30.7% | 45.7% | 44.1% |
| Operating margin | -269.8% | -605.1% | -389.8% | -147.7% |
| Net margin | -241.7% | -696.9% | -485.0% | -246.1% |
| Free cash flow margin | -229.2% | -187.6% | -127.3% | -142.4% |
| Return on equity | -20.9% | -35.6% | - | - |
| Return on assets | -18.5% | -32.7% | -34.7% | - |
| Current ratio | 8.20 | 13.43 | 0.63 | - |
| Debt to equity | 0.00 | 0.01 | - | - |
Source: XBRL data WeRide Inc. files with the SEC, latest filing dated Apr 23, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
WRD peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| WRD | CN¥684.59M | +89.6% | -CN¥1.65B | -241.7% | $1.50B |
| ADP | $22.26B | +6.5% | $4.53B | 20.3% | $119.24B |
| INFY | $20.16B | +4.6% | $3.31B | 16.4% | $50.24B |
| WDAY | $10.15B | +13.3% | $1.25B | 12.3% | $45.84B |
| ZS | $3.35B | +25.4% | -$63.18M | -1.9% | $32.45B |
| CTSH | $21.89B | +5.0% | $2.57B | 11.8% | $28.43B |
| VRSN | $1.73B | +6.5% | $849.80M | 49.1% | $27.43B |
| VRSK | $3.18B | +4.9% | $879.20M | 27.7% | $25.73B |
| IOT | $1.85B | +29.5% | $90.55M | 4.9% | $24.73B |
WRD FAQ
9 questionsWhat is WRD revenue?
WeRide Inc. (WRD) reported CN¥684.59M of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 89.6% from the year before.Is WRD profitable?
No. WeRide Inc. reported a net loss of CN¥1.65B for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does WRD have?
WeRide Inc. reported CN¥6.67B in cash and cash equivalents and CN¥0 of debt on its most recent balance sheet in SEC filings.How fast is WRD revenue growing?
WeRide Inc.'s revenue changed +89.6% in fiscal 2025, to CN¥684.59M.What is WRD gross margin?
WeRide Inc.'s gross profit was CN¥206.82M on CN¥684.59M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 30.2%.What is WRD free cash flow?
WeRide Inc. generated -CN¥1.57B of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of -CN¥1.32B less capital expenditures.What is WRD earnings per share?
Diluted earnings per share were -CN¥1.79 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did WRD last report financial results?
The latest statements here come from WeRide Inc.'s 20-F filed on Apr 23, 2026, covering the period ended Dec 31, 2025.Where does this WRD financial data come from?
Quantisnow builds these statements from the structured XBRL data WeRide Inc. files with the SEC. It is provided for information only and is not investment advice.