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WeRide
(NASDAQ:WRD)
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Rating:47Neutral
Price Target:
$6.00
▲(12.78% Upside)
Action:Reiterated
Date:08/17/26
WRD’s score is held down primarily by weak financial performance—especially persistent large losses and accelerating cash burn—despite strong recent revenue growth and a relatively low-leverage balance sheet. The earnings call adds some support due to improving margins, commercialization momentum, and cash on hand, but the technical trend remains weak and valuation support is limited because the company is still loss-making.
Positive Factors
Revenue Growth and Margin Expansion
Strong revenue acceleration alongside higher gross margins indicates improving product economics and customer adoption. If sustained, this combination can provide operating leverage as WeRide scales deployments and shifts toward higher-value technology services.
Negative Factors
Persistent Losses and Cash Burn
WeRide remains far from self-funding, with operating and free cash flow deeply negative despite improving margins. Continued burn could consume its liquidity faster than commercialization scales, increasing the risk of future equity financing or slower expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth and Margin Expansion
Strong revenue acceleration alongside higher gross margins indicates improving product economics and customer adoption. If sustained, this combination can provide operating leverage as WeRide scales deployments and shifts toward higher-value technology services.
Read all positive factors
WeRide (WRD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.95B
Dividend YieldN/A
Average Volume (3M)2.35M
Price to Earnings (P/E)―
Beta (1Y)2.13
Revenue Growth108.63%
EPS Growth41.21%
CountryUS
Employees3,801
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)-5.04
Shares Outstanding317,415,000
10 Day Avg. Volume2,282,615
30 Day Avg. Volume2,354,422
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)2.37
Price to Sales (P/S)28.09
P/FCF Ratio-11.91
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$13.00Price Target Upside144.36% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-3.83
Revenue Forecast (FY)$1.09B
WeRide Business Overview & Revenue Model
Company Description
WeRide Inc. is dedicated to pioneering and refining an autonomous driving technology platform. The company delivers a range of intelligent mobility solutions, including self-driving taxis (Robotaxi), buses (Robobus), delivery vans (Robovan), and s...
How the Company Makes Money
null...
WeRide Earnings Call Summary
Earnings Call Date:Aug 12, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Dec 02, 2026
Earnings Call Sentiment Positive
The call highlighted strong top-line acceleration, margin expansion and rapid commercialization—notably from the L2+/L3 product ramp and overseas asset-light robotaxi deployments—along with meaningful operational improvements (fleet scale, utilization, and growing overseas contribution). At the same time, the company remains loss-making with substantial R&D and operating expenditures, dependency on partners and regulatory exposures, and ambitious forward targets that carry execution risk. On balance, the positive commercial and margin momentum and a solid cash position outweigh the remaining execution and market risks in the near term.Positive Updates
Strong Revenue Growth and Diversification
Total revenue RMB 232 million, up 82% year-over-year and 103% quarter-over-quarter; overseas revenue now ~40% of group revenue and increased 164% YoY (~170% QoQ).
Negative Updates
Continuing Operating Losses and Large Absolute Losses
Despite margin progress, the company remains loss-making: net loss RMB 401 million and EBITDA loss RMB 335 million in Q2; profitability progress is early and full-year breakeven targeted only for 2029 with positive cash flow in a single quarter targeted by 2028.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Revenue Growth and Diversification
Total revenue RMB 232 million, up 82% year-over-year and 103% quarter-over-quarter; overseas revenue now ~40% of group revenue and increased 164% YoY (~170% QoQ).
Read all positive updates
Company Guidance
Management guided that WeRide will accelerate overseas expansion and enter “meaningful growth” by end‑2026, targeting steady‑state annualized technology service revenue per robotaxi of >USD 50,000 (management also cited a USD 40k–60k range per vehicle), and expects its L2+/L3 business to exceed 100,000 installed vehicles by year‑end (and to surpass 0.5 million cumulative deliveries next year), with an overarching goal of achieving a single‑quarter positive cash flow by 2028 and full‑year breakeven in 2029. These targets are supported by current momentum — Q2 revenue RMB232m (+82% YoY, +103% QoQ) with L4 revenue RMB125m (+47% YoY), L2+/L3 revenue up ~26x YoY, gross profit RMB87m and gross margin 37.5% (+9.4pp YoY), ~RMB5.4bn cash on hand, an L4 fleet of ~3,400 units (robotaxi >1,800), ~30,000 L2+/L3 units delivered in the quarter, average daily rides/vehicle 21 (+24% QoQ), peak 28, registered users in China +35% QoQ and ride‑hailing revenue +140% sequentially — all cited as drivers of improving margins, capital efficiency and a path to self‑sustaining cash generation.WeRide Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
72
Positive
Cash Flow
27
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 825.80M | 665.94M | 361.13M | 401.84M | 527.54M | 138.17M |
| Gross Profit | 270.47M | 201.19M | 110.72M | 183.48M | 232.54M | 51.66M |
| EBITDA | -1.70B | -1.43B | -2.41B | -1.85B | -1.21B | -935.86M |
| Net Income | -1.64B | -1.61B | -2.52B | -1.95B | -1.30B | -1.01B |
Balance Sheet | ||||||
| Total Assets | 7.76B | 8.94B | 7.69B | 5.61B | 5.39B | 3.31B |
| Cash, Cash Equivalents and Short-Term Investments | 5.38B | 7.13B | 6.57B | 4.53B | 4.51B | 2.78B |
| Total Debt | 615.83M | 379.67M | 143.02M | 53.41M | 67.87M | 93.83M |
| Total Liabilities | 1.36B | 1.04B | 627.75M | 8.67B | 7.47B | 4.27B |
| Stockholders Equity | 6.40B | 7.91B | 7.07B | -3.05B | -2.08B | -964.97M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -1.57B | -679.10M | -511.84M | -753.07M | -532.30M |
| Operating Cash Flow | 0.00 | -1.32B | -593.60M | -474.89M | -670.38M | -506.67M |
| Investing Cash Flow | 0.00 | 1.51B | 325.50M | -546.94M | -2.20B | 460.90M |
| Financing Cash Flow | 0.00 | 2.30B | 2.82B | 446.95M | 2.18B | 2.60B |
WeRide Technical Analysis
Negative
5.32
Price Trends
5.95
Negative
6.79
Negative
7.49
Negative
Market Momentum
<0.01
Negative
47.53
Neutral
24.69
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WRD, the sentiment is Negative. The current price of 5.32 is below the 20-day moving average (MA) of 5.89, below the 50-day MA of 5.95, and below the 200-day MA of 7.49, indicating a bearish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 47.53 is Neutral, neither overbought nor oversold. The STOCH value of 24.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WRD.
WeRide Risk Analysis
WeRide disclosed 88 risk factors in its most recent earnings report. WeRide 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 Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | $1.95B | -8.13 | -23.76% | ― | 108.63% | 41.21% | |
| ― | ― | ― | ― | ― | ― | ― | |
61 Neutral | $3.51B | -56.62 | -18.45% | ― | 62.82% | 52.15% | |
56 Neutral | $7.58B | -1.85 | -40.43% | ― | 5.00% | -36.49% | |
51 Neutral | $14.01B | -14.83 | -43.12% | ― | 400.00% | 1.19% | |
48 Neutral | $106.95M | -0.98 | -118.08% | ― | 41.09% | 9.05% |
* General Sector Average
WRD
WeRide
6.08
-3.81
-38.52%
LAZR
―
―
―
―
INVZ
Innoviz Technologies
0.37
-1.42
-79.44%
OUST
Ouster
48.13
16.49
52.12%
AUR
Aurora Innovation
6.97
0.53
8.23%
MBLY
Mobileye Global, Inc. Class A
9.23
-5.07
-35.45%
WeRide Corporate Events
WeRide Reports Stable July 2026 Share Capital and Confirms Public Float Compliance
Aug 6, 2026
WeRide Inc. reported its July 2026 share capital movements through a Form 6-K filed with the U.S. Securities and Exchange Commission on August 6, 2026, in parallel with a monthly return submitted to Hong Kong Exchanges and Clearing. The filing sho...
WeRide Reports June 2026 Share Repurchases and Confirms Public Float Compliance
Jul 7, 2026
On July 7, 2026, WeRide Inc. filed a Form 6-K with the U.S. Securities and Exchange Commission to forward its monthly return for June 2026 on movements in securities to investors, as simultaneously submitted to the Stock Exchange of Hong Kong. The...
WeRide Reports June 30 Share Buyback and Updates Hong Kong Disclosure Return
Jul 2, 2026
On July 2, 2026, WeRide Inc. filed a Form 6-K with the U.S. Securities and Exchange Commission, disclosing its Next Day Disclosure Return to the Hong Kong Stock Exchange for changes in issued and treasury shares. The filing detailed a repurchase o...
WeRide Reports Late-June Share Repurchase on Nasdaq Under New Buyback Mandate
Jun 30, 2026
WeRide disclosed that on June 29, 2026, it repurchased 996,882 A-class WVR ordinary shares on the Nasdaq Stock Market at prices between USD 1.825 and USD 1.92, for an aggregate consideration of about USD 1.9 million. The repurchased shares are bei...
WeRide Launches Share Buyback, Adds Over 1.2 Million Shares to Treasury
Jun 29, 2026
WeRide Inc. reported in a June 29, 2026 filing that it repurchased 1,242,285 WVR ordinary A shares on June 26, 2026 on the Nasdaq Stock Market at a volume‑weighted average price of about USD 1.8067 per share, for an aggregate consideration o...
WeRide Details May 2026 Share Buybacks and Treasury Share Movements in Hong Kong Filing
Jun 4, 2026
On June 4, 2026, WeRide Inc. filed a Form 6-K noting that it had submitted a monthly return to the Hong Kong Stock Exchange covering movements in its share capital for May 2026. The filing shows that total authorized share capital remained unchang...
WeRide Buys Back 957,500 Shares on Hong Kong Exchange Under March 2026 Mandate
Jun 3, 2026
On June 3, 2026, WeRide Inc. filed a report as a foreign private issuer and disclosed a Next Day Disclosure Return to the Hong Kong Stock Exchange detailing recent changes in its share capital. The filing, signed by Chief Financial Officer Jennife...
WeRide Discloses June 2 Share Buyback and Treasury Stock Increase Under Hong Kong Mandate
Jun 2, 2026
On June 2, 2026, WeRide Inc. filed a Form 6-K with the U.S. Securities and Exchange Commission, reporting a Hong Kong Stock Exchange Next Day Disclosure Return that detailed changes in its issued and treasury share capital. The filing, signed by C...
WeRide Repurchases Shares in Hong Kong, Tightens Float Under March 2026 Mandate
Jun 1, 2026
On June 1, 2026, WeRide Inc. reported a change in its issued share capital following an on-market repurchase of 1,915,100 WVR A ordinary shares on the Hong Kong Stock Exchange, at prices between HKD 19.97 and HKD 21.02 for a total of about HKD 39....
WeRide Repurchases 1.5 Million Hong Kong-Listed Shares Under Buyback Mandate
May 29, 2026
On May 29, 2026, WeRide Inc. filed a Form 6-K disclosing a Next Day Disclosure Return reporting changes in its issued share capital following a share repurchase on the Hong Kong Stock Exchange. The filing, signed by Chief Financial Officer Jennife...
WeRide Discloses HK$29.9 Million Share Buyback on May 28
May 28, 2026
On May 28, 2026, WeRide Inc. filed a Form 6-K in the United States and a Next Day Disclosure Return in Hong Kong, reporting a repurchase of 1,518,900 WVR ordinary shares on the Hong Kong Stock Exchange. The buyback, executed at prices between HKD ...
WeRide Buys Back Shares in Hong Kong, Boosting Treasury Stock on May 27
May 27, 2026
On May 27, 2026, WeRide Inc. filed a Form 6-K with the U.S. Securities and Exchange Commission and a Next Day Disclosure Return in Hong Kong, reporting changes in its share capital structure. The filings reflect ongoing capital management by the G...
WeRide Discloses Hong Kong Share Buyback and Treasury Share Increase on May 26, 2026
May 26, 2026
On May 26, 2026, WeRide Inc. filed a Form 6-K with the U.S. Securities and Exchange Commission to report a Next Day Disclosure Return related to changes in its issued share capital. The filing confirms that the disclosure was duly authorized and s...
WeRide Repurchases 507,900 Hong Kong-Listed Shares Under Buyback Mandate
May 22, 2026
On May 22, 2026, WeRide Inc. filed a Form 6-K in the United States and a Next Day Disclosure Return in Hong Kong reporting a repurchase of 507,900 WVR ordinary A shares on the Hong Kong Stock Exchange. The buyback, executed at prices between HKD 1...
WeRide Repurchases 765,000 Hong Kong-Listed WVR Shares Into Treasury
May 21, 2026
WeRide Inc. reported a change in its share capital structure following a buyback of WVR Class A ordinary shares on May 21, 2026, executed on the Hong Kong Stock Exchange. The transaction, carried out under an existing repurchase mandate, shifted 7...
WeRide Steps Up Dual-Market Buybacks with May Share Repurchases
May 20, 2026
On May 20, 2026, WeRide Inc. reported share repurchase activity across its dual listings, detailing buybacks of WVR ordinary shares conducted on May 19 and May 20, 2026 on the Nasdaq Stock Market and the Hong Kong Stock Exchange, respectively. The...
WeRide Repurchases Shares on Nasdaq Under Hong Kong-Approved Buyback Mandate
May 19, 2026
WeRide Inc. reported a change in its share capital structure in May 2026 through a Form 6-K filing dated May 19, 2026, disclosing a repurchase of 540,000 WVR ordinary A shares on May 18, 2026 on the Nasdaq Stock Market. The repurchased shares, bou...
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.