WeRide Narrows Losses but Shares Still Plunge After Earnings

WeRide (WRD) reported its Q4 2025 earnings on March 22, 2026, with revenue surging 123% to $314 million and net losses decreasing by 6.1%. The stock has faced mixed post-earnings performance, with short-term declines.

Revenue

WeRide’s total revenue for Q4 2025 reached $313.99 million, reflecting a 123.0% year-over-year increase from $140.82 million in Q4 2024. Product revenue contributed $211.38 million, while service revenue accounted for $102.61 million. The company’s ability to scale both product and service offerings underscores its expanding market presence.

Earnings/Net Income

WeRide reduced its net loss to $-556.13 million in Q4 2025, a 6.1% improvement from $-592.44 million in the prior year. Earnings per share also improved, narrowing the loss to $0.57 from $0.81. While the company remains unprofitable, the reduction in losses indicates progress toward long-term sustainability.

Price Action

The stock price rose 2.75% in the latest trading day but fell 4.51% in the past week and 13.84% month-to-date, reflecting mixed investor sentiment.

Post-Earnings Price Action Review

A strategy of buying WeRide shares on the earnings release date and selling after 30 days has historically underperformed, yielding a -59.19% return over three years. This strategy underperformed benchmarks by 74.55%, with a Sharpe ratio of -1.06 and a maximum drawdown of 71.94%, highlighting significant risk and poor risk-adjusted returns.

CEO Commentary

Zhiyuan Liu, CEO of WeRide, emphasized operational efficiency and technological advancements as key drivers of Q4 performance. He noted that a 15% reduction in vehicle platform costs and improved fleet utilization supported the narrowing of losses. Liu highlighted WeRide’s global expansion, including commercial operations in the Middle East and Europe, as a strategic priority. While acknowledging challenges in scaling profitability, he expressed confidence in the company’s long-term vision for autonomous driving.

Guidance

WeRide provided no explicit 2026 guidance but indicated continued focus on cost optimization and fleet expansion. The company’s Q4 2025 results align with its goal of strengthening unit economics through technological innovation and operational efficiency.

Additional News

WeRide expanded its global footprint, securing L4 permits in 12 countries and deploying over 250 robotaxis internationally. Domestically, the company reduced total cost of ownership (TCO) by enhancing remote assistance ratios and leveraging the HPC 3.0 computing platform. User engagement in China surged, with registered users growing 900% in Q4 2025. These developments underscore WeRide’s commitment to scaling its autonomous vehicle ecosystem.