WeRide Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	511.42	361.13	401.84	527.54	138.17	18.19
Revenue Growth (YoY)	40.08%	-10.13%	-23.83%	281.80%	659.60%	-
Cost of Revenue	342.7	250.42	218.37	295	86.51	4.72
Gross Profit	168.72	110.72	183.48	232.55	51.66	13.47
Selling, General & Admin	745.89	1,190	666.82	260.81	119.34	158.16
Research & Development	1,281	1,091	1,058	758.57	443.18	333.35
Other Operating Expenses	-1.32	12.17	24.47	-7.6	-10.37	-14.11
Total Operating Expenses	2,026	2,294	1,750	1,012	552.16	477.41
Operating Income	-1,857	-2,185	-1,566	-779.23	-500.5	-463.93
Interest Income	171.36	178.9	132.04	36.11	29.77	-
Interest Expense	-8.58	-5.45	-3.49	-4.2	-6.92	-7.26
Other Non-Operating Income (Expense)	8.93	-499.21	-508.59	-551.18	-529.61	-223.69
Total Non-Operating Income (Expense)	171.71	-325.76	-380.03	-519.27	-506.76	-230.96
Pretax Income	-1,685	-2,511	-1,946	-1,298	-1,007	-694.89
Provision for Income Taxes	-6.08	-5.87	-2.87	-	-	-
Net Income	-1,690	-2,505	-1,976	-1,298	-1,007	-694.89
Net Income Attributable to Preferred Dividends	-	-	32.77	-	-	-
Net Income to Common	-1,690	-2,505	-1,976	-1,298	-1,007	-694.89
Shares Outstanding (Basic)	348	98	39	39	35	34
Shares Outstanding (Diluted)	348	98	39	39	35	34
Shares Change (YoY)	600.27%	150.66%	0.28%	12.88%	0.76%	-
EPS (Basic)	-6.18	-25.62	-50.58	-33.24	-29.10	-20.23
EPS (Diluted)	-6.18	-25.62	-50.58	-33.24	-29.10	-20.23
Free Cash Flow	-	-677.6	-511.54	-751.19	-531.82	-216.81
Free Cash Flow Per Share	-	-6.90	-13.05	-19.22	-	-
Gross Margin	32.99%	30.66%	45.66%	44.08%	37.39%	74.07%
Operating Margin	-363.08%	-605.09%	-389.75%	-147.71%	-362.23%	-2550.47%
Profit Margin	-139.55%	-693.67%	-483.61%	-246.14%	-728.98%	-3820.16%
FCF Margin	-	-187.63%	-127.30%	-142.39%	-384.90%	-1191.92%
EBITDA	-1,857	-2,185	-1,566	-779.23	-500.5	-463.93
EBIT	-1,857	-2,185	-1,566	-779.23	-500.5	-463.93
EBIT Margin	-363.08%	-605.09%	-389.75%	-147.71%	-362.23%	-2550.47%
Effective Tax Rate	0.36%	0.23%	0.15%	0.00%	0.00%	0.00%

Updated Nov 24, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q