NASDAQ$WRD
WeRide Inc · Q3 2025 earnings
Q3 2025 earnings · · Before market open · Investor relations
Briefing
WeRide reported a sharp increase in revenue but remained unprofitable in Q3 2025.
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.
Headline financials
Revenue & EPS history
WeRide Inc · Revenue · Quarterly
$24M
Forward guidance
WeRide expects continued global expansion and product adoption, with profitability targeted through operational scale and new deployments.
Tailwinds
- 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.
Headwinds
- 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.
- Macro-regulatory and operational risks in global AV rollouts.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 4 quarterly earnings reports · overlaid with Q3 2025
+6.4%
Avg return
Earnings day
-3.7%
Avg return
5 days after
-10.0%
Avg return
30 days after
50%
3 / 6 earnings
Positive
+21.4%
Q1 2025
Best reaction
-10.3%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.7% | -8.8% | -19.4% | |
| Q3 2025 | +16.8% | +14.4% | +22.6% | |
| H1 2025 | -1.8% | -7.2% | +0.1% | |
| Q1 2025 | +21.4% | +7.8% | -11.1% | |
| Q4 2024 | +13.1% | -13.7% | -53.1% | |
| Q3 2024 | -10.3% | -14.6% | +0.9% | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q4 2017 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — | |
| Q4 2016 | — | — | — | |
| Q4 2015 | — | — | — |
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