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Sep 30, 2025
WeRide Inc Q3 2025 Earnings Report
WeRide reported a sharp increase in revenue but remained unprofitable in Q3 2025.
Key Takeaways
WeRide delivered strong revenue growth in Q3 2025 driven by robotaxi and product sales, while still incurring a significant net loss. The company achieved a major operational milestone by securing a driverless permit in Abu Dhabi, enabling unit economics breakeven for its fleet.
Revenue grew 144.3% YoY to $24M, driven by product and robotaxi services.
Robotaxi revenue surged over 7x YoY to $5M, now over 20% of total revenue.
Gross margin expanded to 32.9% from 6.5%, reflecting improved efficiency.
Achieved unit economics breakeven in Abu Dhabi with driverless permit.
Revenue by Segment
Forward Guidance
WeRide expects continued global expansion and product adoption, with profitability targeted through operational scale and new deployments.
Positive Outlook
- Fully driverless permit secured in Abu Dhabi boosts unit economics.
- Commercial robotaxi ops expanding across UAE, Belgium, and China.
- Robobus procurement and new deployments in multiple cities.
- Start of Production for Bosch-backed L2+ ADAS system.
- Strengthened capital position with dual listing in Hong Kong.
Challenges Ahead
- Net loss remains significant despite gross profit gains.
- R&D costs remain high due to expansion and innovation push.
- Adjusted net loss widened vs prior year.
- Limited visibility into timeline for overall company profitability.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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