WeRide Income Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	684.59	361.13	401.84	527.54	138.17
Revenue Growth (YoY)	89.57%	-10.13%	-23.83%	281.80%	-
Cost of Revenue	477.77	250.42	218.37	295	86.51
Gross Profit	206.82	110.72	183.48	232.55	51.66
Selling, General & Admin	669.69	1,192	666.82	260.81	119.34
Research & Development	1,372	1,091	1,058	758.57	443.18
Other Operating Expenses	11.71	12.17	24.47	-7.6	-10.37
Total Operating Expenses	2,054	2,296	1,750	1,012	552.16
Operating Income	-1,847	-2,185	-1,566	-779.23	-500.5
Interest Income	172.31	176.9	132.04	36.11	29.77
Interest Expense	-9.13	-3.45	-3.49	-4.2	-6.92
Other Non-Operating Income (Expense)	32.79	-499.21	-508.59	-425.96	-529.61
Total Non-Operating Income (Expense)	195.97	-325.76	-380.03	-394.05	-506.76
Pretax Income	-1,651	-2,511	-1,946	-1,299	-1,007
Provision for Income Taxes	4.1	5.87	2.87	-	-
Net Income	-1,655	-2,517	-1,949	-1,424	-1,007
Net Income Attributable to Preferred Dividends	-	-	-	125.21	-
Net Income to Common	-1,655	-2,517	-1,949	-1,424	-1,007
Shares Outstanding (Basic)	309	98	39	39	35
Shares Outstanding (Diluted)	309	98	39	39	35
Shares Change (YoY)	214.28%	150.66%	0.28%	12.88%	-
EPS (Basic)	-5.37	-25.62	-50.58	-33.24	-29.10
EPS (Diluted)	-5.37	-25.62	-50.58	-33.24	-29.10
Shares Outstanding	333.09	275.41	33.49	34.62	34.62
Free Cash Flow	-1,569	-677.6	-511.54	-751.19	-531.82
Free Cash Flow Per Share	-5.08	-6.90	-13.05	-19.22	-15.36
Gross Margin	30.21%	30.66%	45.66%	44.08%	37.39%
Operating Margin	-269.76%	-605.09%	-389.75%	-147.71%	-362.23%
Profit Margin	-241.74%	-696.92%	-485.04%	-246.14%	-728.98%
FCF Margin	-229.24%	-187.63%	-127.30%	-142.40%	-384.90%
EBITDA	-1,680	-2,084	-1,477	-692.68	-434.67
EBITDA Margin	-245.42%	-577.09%	-367.45%	-131.30%	-314.59%
EBIT	-1,847	-2,185	-1,566	-779.23	-500.5
EBIT Margin	-269.76%	-605.09%	-389.75%	-147.71%	-362.23%
Effective Tax Rate	-0.25%	-0.23%	-0.15%	0.00%	0.00%

Updated May 13, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q