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Mar 31
WeRide Inc Q1 2025 Earnings Report
WeRide reported a net loss in Q1 2025, with steady revenue and increased investment in R&D and global operations.
Key Takeaways
WeRide delivered $10 million in revenue for Q1 2025 with expanding commercial activity, but posted a net loss as R&D and global expansion drove expenses. The company emphasized its long-term strategy with major partnerships and pilot programs underway.
Revenue reached $10 million, a slight year-over-year increase.
Net loss totaled $53.1 million, primarily due to higher R&D and administrative expenses.
Gross margin held at 35%, showing stable cost structure despite expansion.
Uber committed an additional $100 million investment, signaling strong strategic alignment.
WeRide Inc
WeRide Inc
WeRide Inc Revenue by Segment
WeRide Inc Revenue by Geographic Location
Revenue by Segment
Product Revenue
CapyFin.comService Revenue
CapyFin.comRobotaxi Revenue
CapyFin.comRevenue by Geographic Location
China Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
WeRide expects further global growth as it scales deployments and secures new regulatory approvals, while continuing to invest heavily in R&D and international market expansion.
Positive Outlook
- Expanded robotaxi partnerships with Uber to 15 cities.
- Commercial service launches in Guangzhou and Dubai.
- New permits obtained for robobus and robovan testing.
- Strong cash position supports growth plans.
- WeRide One platform gains global traction.
Challenges Ahead
- Continued net losses due to high operating expenses.
- R&D and admin costs grew significantly year-over-year.
- Service revenue declined slightly compared to last year.
- Relatively slow product sales growth.
- Profitability remains a long-term goal, not short-term outcome.
Revenue & Expenses
Visualization of income flow from segment revenue to net income