WeRide Q1 Earnings Call Highlights

About this update from Weride Inc. Class A

WeRide NASDAQ:WRD reported first-quarter 2026 revenue growth of 58% year over year, as management pointed to expanding Robotaxi deployments, broader autonomous driving commercialization and traction for its L2++ advanced driver assistance system.Founder, Chairman and CEO Dr. Tony Han said total revenue reached RMB 114 million in the quarter. He said the company ended April with about 1,300 Robotaxis globally, which he described as one of the largest Robotaxi fleets worldwide. WeRide’s broader Level 4 autonomous driving fleet, including Robovan and Robobus vehicles, grew to about 2,800 units deployed or tested across 12 countries and more than 40 cities.Han said the quarter showed “the maturity of our technology” and the company’s growing experience operating thousand-vehicle fleets in multiple cities. He also highlighted WeRide’s GENESIS simulation engine, a closed-loop, world-model-based system that the company says can generate synthetic driving scenarios and accelerate training and validation.Revenue Rises, Gross Profit ExpandsCFO and Head of International Jennifer Li said product revenue increased 116% year over year to RMB 20 million, mainly due to increased deployment of Robotaxi and other L4 vehicles. Service revenue rose 49% to RMB 94 million.Li said the company’s performance exceeded internal targets despite seasonal effects from Chinese New Year and Ramadan in the Middle East. Group-level gross profit increased 56% to RMB 40 million, with gross margin of approximately 35%.Operating expenses totaled RMB 469 million, which Li said were stable in absolute terms compared with the prior-year period. Research and development expenses accounted for 77% of operating expenses and rose 12% to RMB 363 million. Administrative expenses fell 33% to RMB 83 million, while selling expenses increased 63% to RMB 23 million.Net loss was stable at RMB 369 million. On a non-IFRS basis, net loss increased 11% to RMB 326 million, which Li attributed largely to continued R&D investment.As of March 31, WeRide had total capital reserves of RMB 6.22 billion, including RMB 6.18 billion in cash and cash equivalents and time deposits. The company also had short-term bank loans of RMB 294 million. Under a $100 million share repurchase program authorized in March, Li said WeRide had repurchased about 24.4 million Class A ordinary shares, including American depositary shares, fo...

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