WeRide Inc. reported third‑quarter 2025 results that marked a dramatic acceleration in its autonomous ride‑hailing business. Total revenue climbed to RMB 171.0 million (US$24.0 million), a 144.3% year‑over‑year increase from RMB 70.0 million in Q3 2024. Robotaxi revenue surged to RMB 45.9 million (US$6.4 million), up 761.0% from RMB 5.9 million in the same period last year, and gross profit rose to RMB 56.3 million (US$7.9 million) with a gross margin of 32.9%, compared with 6.5% in Q3 2024.
The growth was driven by a strong mix of product and service revenue as well. Product revenue increased 428.0% YoY to RMB 79.2 million (US$11.1 million), while service revenue grew 66.9% to RMB 91.8 million (US$12.9 million). The robotaxi segment, now the largest contributor to top‑line growth, benefited from expanded fleet deployments in eight countries and the launch of fully driverless operations in Abu Dhabi, Saudi Arabia, and Belgium. The high‑margin robotaxi sales offset lower‑margin product and service sales, explaining the sharp lift in gross margin.
Net loss per alternative dividend share (ADS) improved to RMB 1.02 (US$0.15) from RMB 14.79 (US$2.18) a year ago, reflecting the combined effect of higher revenue, improved cost structure, and the elimination of one‑time R&D write‑downs that weighed on the prior year quarter. The company’s basic and diluted net loss per ordinary share was RMB 0.34 (US$0.05).
Management highlighted the significance of the regulatory milestones and operational scale. CEO Tony Han said, "Our expansion into eight countries and the fully driverless permit in Abu Dhabi validate our path to profitability at scale," while CFO Jennifer Li noted, "The Q3 performance demonstrates substantial improvement in both growth trajectory and operational leverage, and our diversified portfolio across products, services, and geographies continues to provide multiple avenues for sustained growth."
Investors responded positively to the results, citing the unprecedented revenue growth, margin expansion, and the company’s regulatory achievements as key drivers. The strong robotaxi performance, coupled with a high‑margin product and service mix, signals that WeRide is scaling its autonomous platform effectively and moving closer to unit‑economic breakeven in its commercial operations.
The earnings reinforce WeRide’s strategy of leveraging its AI platform across multiple verticals while expanding globally. The company’s cash position of RMB 5.4 billion (US$764.1 million) provides a solid runway for continued investment in fleet expansion and technology development. With regulatory approvals in place and a growing customer base, WeRide is positioned to sustain its growth trajectory and improve profitability in the coming quarters.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.