WeRide Inc. (WRD) Income Statement
WRD 2025 at a glance
Fiscal year ended December 31, 2025 · Chinese yuanWRD revenue and net income
Where WRD's revenue goes
2025Each bar shows an amount and its share of revenue. WRD kept −241.7% of revenue as net income.
WRD profit margins
WRD growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +89.6% | +9.1% | +106.6% | — |
| Gross profit | +86.8% | −3.8% | +72.7% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
WRD income statement in Chinese yuan
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥684.6M | CN¥361.1M | CN¥401.8M | CN¥527.5M | CN¥138.2M | CN¥18.2M | CN¥427.2M | CN¥127.3M | CN¥35.6M | CN¥45.5M |
| Cost of revenue | CN¥477.8M | CN¥250.4M | CN¥218.4M | CN¥295.0M | CN¥86.5M | CN¥4.7M | CN¥51.7M | CN¥19.0M | CN¥9.5M | CN¥14.1M |
| Gross profit | CN¥206.8M | CN¥110.7M | CN¥183.5M | CN¥232.5M | CN¥51.7M | CN¥13.5M | CN¥375.5M | CN¥108.3M | CN¥26.1M | CN¥31.4M |
| Research & development | CN¥1.37B | CN¥1.09B | CN¥1.06B | CN¥758.6M | CN¥443.2M | CN¥333.4M | — | — | — | — |
| Sales, general & admin | CN¥669.7M | CN¥1.19B | CN¥666.8M | CN¥260.8M | CN¥119.3M | CN¥152.0M | — | CN¥24.0M | CN¥10.6M | CN¥6.5M |
| Total operating expenses | CN¥2.03B | CN¥2.30B | CN¥1.75B | CN¥1.01B | CN¥552.2M | CN¥477.4M | CN¥270.0M | CN¥124.6M | CN¥53.7M | CN¥25.3M |
| Operating income | −CN¥1.82B | −CN¥2.19B | −CN¥1.57B | −CN¥779.2M | −CN¥500.5M | −CN¥463.9M | CN¥105.5M | −CN¥15.8M | −CN¥27.5M | −CN¥18.6M |
| Interest income | CN¥172.3M | CN¥176.9M | CN¥132.0M | CN¥36.1M | CN¥29.8M | CN¥1.3M | — | — | — | — |
| Interest expense | CN¥6.9M | CN¥2.8M | CN¥2.9M | CN¥3.6M | CN¥5.6M | CN¥6.2M | CN¥31.9M | CN¥7.8M | CN¥2.6M | CN¥2.7M |
| Income before taxes | −CN¥1.65B | −CN¥2.51B | −CN¥1.95B | −CN¥1.30B | −CN¥1.01B | −CN¥694.9M | CN¥11.1M | −CN¥52.7M | −CN¥30.0M | −CN¥14.6M |
| Income taxes | CN¥4.1M | CN¥5.9M | CN¥2.9M | −CN¥515.7M | −CN¥501.2M | −CN¥224.7M | −CN¥38.8M | −CN¥5.6M | −CN¥16,804 | −CN¥158,000 |
| Net income | −CN¥1.65B | −CN¥2.52B | −CN¥1.95B | −CN¥1.30B | −CN¥1.01B | −CN¥694.9M | CN¥49.9M | −CN¥47.1M | −CN¥30.0M | −CN¥14.4M |
| EBITDA | −CN¥1.48B | −CN¥2.41B | −CN¥1.85B | −CN¥1.21B | −CN¥935.9M | −CN¥630.3M | CN¥273.8M | CN¥65.5M | −CN¥2.0M | −CN¥3.7M |
| Gross margin | 30.2% | 30.7% | 45.7% | 44.1% | 37.4% | 74.1% | 87.9% | 85.1% | 73.3% | 69.1% |
| Operating margin | −266.2% | −605.1% | −389.8% | −147.7% | −362.2% | −2,550.5% | 24.7% | −12.4% | −77.3% | −41.0% |
| Net margin | −241.7% | −696.9% | −485.0% | −246.1% | −729.0% | −3,820.2% | 11.7% | −37.0% | −84.1% | −31.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥231.7M | CN¥114.1M | CN¥309.7M | CN¥171.0M | CN¥127.2M | CN¥72.4M | CN¥140.8M | CN¥70.0M | CN¥79.1M | CN¥71.2M | CN¥144.8M | CN¥74.2M |
| Cost of revenue | CN¥144.8M | CN¥74.5M | CN¥221.4M | CN¥114.7M | CN¥91.5M | CN¥47.1M | CN¥89.5M | CN¥65.5M | CN¥53.7M | CN¥41.8M | CN¥68.1M | CN¥51.3M |
| Gross profit | CN¥86.9M | CN¥39.6M | CN¥88.2M | CN¥56.3M | CN¥35.7M | CN¥25.4M | CN¥51.4M | CN¥4.6M | CN¥25.4M | CN¥29.4M | CN¥76.6M | CN¥22.9M |
| Research & development | CN¥434.3M | CN¥363.3M | CN¥405.5M | CN¥316.4M | CN¥318.9M | CN¥325.7M | CN¥320.0M | CN¥254.2M | CN¥239.6M | CN¥277.6M | CN¥241.9M | CN¥440.4M |
| Sales, general & admin | CN¥56.2M | CN¥105.7M | CN¥243.6M | CN¥119.4M | CN¥168.9M | CN¥137.8M | CN¥319.8M | CN¥641.5M | CN¥102.8M | CN¥128.3M | CN¥109.7M | CN¥325.4M |
| Total operating expenses | CN¥508.8M | CN¥469.1M | CN¥656.7M | CN¥435.8M | CN¥487.8M | CN¥463.5M | CN¥638.6M | CN¥903.5M | CN¥348.1M | CN¥405.6M | CN¥360.1M | CN¥767.3M |
| Operating income | −CN¥421.9M | −CN¥429.5M | −CN¥568.4M | −CN¥379.5M | −CN¥452.1M | −CN¥438.2M | −CN¥587.2M | −CN¥899.0M | −CN¥322.7M | −CN¥376.3M | −CN¥283.5M | −CN¥744.5M |
| Interest income | CN¥44.6M | CN¥53.9M | CN¥45.9M | CN¥51.5M | CN¥35.2M | CN¥39.7M | CN¥44.9M | CN¥42.7M | CN¥40.3M | CN¥48.9M | CN¥42.1M | CN¥30.5M |
| Interest expense | CN¥2.8M | CN¥2.3M | CN¥1.8M | CN¥661,000 | — | — | CN¥661,000 | CN¥784,000 | — | — | CN¥163,000 | CN¥906,000 |
| Income before taxes | −CN¥400.9M | −CN¥389.0M | −CN¥547.8M | −CN¥305.7M | −CN¥405.0M | −CN¥384.6M | −CN¥589.8M | −CN¥1.04B | −CN¥412.8M | −CN¥467.3M | −CN¥379.2M | −CN¥846.5M |
| Income taxes | −CN¥230,000 | CN¥89,000 | CN¥685,400 | CN¥1.5M | CN¥1.4M | CN¥441,000 | CN¥2.7M | CN¥1.6M | CN¥793,000 | CN¥798,000 | CN¥14,000 | CN¥287,000 |
| Net income | −CN¥400.7M | −CN¥389.1M | −CN¥548.5M | −CN¥307.3M | −CN¥406.4M | −CN¥385.1M | −CN¥592.4M | −CN¥1.04B | −CN¥413.6M | −CN¥468.1M | −CN¥379.2M | −CN¥846.8M |
| EBITDA | −CN¥359.1M | −CN¥429.5M | −CN¥545.9M | −CN¥379.5M | −CN¥452.1M | −CN¥438.2M | −CN¥923.5M | −CN¥891.1M | −CN¥316.9M | −CN¥376.6M | −CN¥676.7M | −CN¥741.2M |
| Gross margin | 37.5% | 34.7% | 28.5% | 32.9% | 28.1% | 35.0% | 36.5% | 6.5% | 32.1% | 41.3% | 52.9% | 30.8% |
| Operating margin | −182.1% | −376.3% | −183.6% | −221.9% | −355.5% | −604.9% | −417.0% | −1,284.0% | −407.9% | −528.7% | −195.8% | −1,003.2% |
| Net margin | −172.9% | −340.9% | −177.1% | −179.7% | −319.6% | −531.6% | −420.7% | −1,489.2% | −522.8% | −657.6% | −262.0% | −1,141.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported in WRD's financial statements (latest annual report filed April 23, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
WRD financial results
In fiscal year 2025 (ended December 31, 2025), WeRide Inc. reported revenue of CN¥684.6 million, up 89.6% from the year before. It had a net loss of CN¥1.7 billion, a net profit margin of −241.7%. Over five years revenue grew at an average rate of 106.6% a year. Figures are in Chinese yuan, the currency of its financial statements.
See the WRD stock overview for the latest quote and news, or the WRD chart for price history and technical indicators.
WRD income statement FAQ
What is WeRide Inc.'s annual revenue?
WeRide Inc. reported total revenue of CN¥684.6 million for fiscal year 2025, which ended on December 31, 2025. That was up 89.6% from CN¥361.1 million the previous year.
Is WeRide Inc. profitable?
No. WeRide Inc. reported a net loss of CN¥1.7 billion in fiscal 2025, a net profit margin of −241.7%; its operating margin was −266.2%.
What is WeRide Inc.'s gross margin?
WeRide Inc.'s gross margin was 30.2% in fiscal 2025: for every $100 of revenue, WeRide Inc. kept $30 after the direct cost of its products and services.
How much does WeRide Inc. spend on research and development?
WeRide Inc. spent CN¥1.4 billion on research and development in fiscal 2025, 200.4% of revenue.
How fast is WeRide Inc. growing?
Revenue grew 106.6% a year on average over the last five fiscal years, from CN¥18.2 million to CN¥684.6 million.
When will WeRide Inc. report its next earnings?
WeRide Inc. is expected to report results for the quarter ending September 30, 2026 on November 23, 2026.
When does WeRide Inc.'s fiscal year end?
WeRide Inc.'s fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 23, 2026.