Wen Yuan Zhi Xing's annual revenue is 690 million: adjusted loss of 1.2 billion, with a Robotaxi fleet reaching 1,125 vehicles.

Ask AI · WeRide’s revenue grows rapidly but losses remain high; what is the path to profitability in the future?

Lei Di Network, Lei Jianping, March 24

WeRide recently released its financial report for the period ending December 31, 2025. The report shows that WeRide’s revenue for 2025 is 685 million yuan (approximately 97.895 million USD), an increase of 89.6% compared to 361 million yuan for the same period last year.

WeRide’s Robotaxi revenue for 2025 is 148 million yuan (approximately 21.20 million USD), an increase of 209.6% compared to the same period last year.

WeRide’s gross profit for 2025 is 207 million yuan (approximately 29.60 million USD), an increase of 86.8% compared to the same period last year; the gross margin is 30.2%, compared to 30.7% for the same period last year.

WeRide’s R&D expenses for 2025 are 1.4 billion yuan (approximately 200 million USD), compared to 1.1 billion yuan for the same period last year.

WeRide’s operating loss for 2025 is 1.8 billion yuan (approximately 264 million USD), a narrowing of 15.5% compared to the same period last year.

WeRide’s net loss for 2025 is 1.6549 billion yuan (236.6 million USD), compared to 2.568 billion yuan in 2024; the adjusted net loss is 1.2467 billion yuan (approximately 178.3 million USD), while the adjusted net loss for the same period last year was 800 million yuan.

Robotaxi fleet reaches 1,125 vehicles

During the reporting period, Robotaxi remained the key driver of WeRide’s business growth, thanks to ongoing commercialization in China and ongoing international deployment.

During this period, WeRide made strides toward a more data-driven autonomous stack by integrating end-to-end learning, leveraging large-scale data training, and simulating world models, as well as improving algorithm generalization capabilities.

As of the date of this announcement, WeRide’s global fleet of autonomous taxis has reached 1,125 vehicles.

According to the plan, WeRide aims to deploy 2,600 Robotaxis globally by the end of 2026, with plans to deploy tens of thousands by 2030.

Q4 revenue 314 million, up 123% year-on-year

WeRide’s revenue for the fourth quarter of 2025 is 314 million yuan (approximately 44.90 million USD), an increase of 123% compared to 141 million yuan for the same period last year.

Of this, WeRide’s product revenue for the fourth quarter of 2025 is 211 million yuan, an increase of 308.9% compared to 51.7 million yuan for the same period last year; service revenue is 103 million yuan, an increase of 15.2% compared to 89.1 million yuan for the same period last year.

Robotaxi revenue is included in both product revenue and service revenue. WeRide’s Robotaxi revenue for the fourth quarter of 2025 is 50.6 million yuan, an increase of 66.4% compared to 30.4 million yuan for the same period last year.

WeRide’s costs for the fourth quarter of 2025 are 224.5 million yuan, compared to 89.5 million yuan for the same period last year.

WeRide’s gross profit for the fourth quarter of 2025 is 89.5 million yuan, compared to 51.4 million yuan for the same period last year; WeRide’s gross margin for the fourth quarter of 2025 is 28.5%, compared to 36.5% for the same period last year, reflecting a decrease of 8 percentage points.

WeRide’s expenses for the fourth quarter of 2025 are 655 million yuan (approximately 93.60 million USD), compared to 640 million yuan for the same period last year; among them, R&D expenses are 411 million yuan, compared to 320 million yuan for the same period last year; administrative expenses are 217 million yuan, compared to 300 million yuan for the same period last year; sales expenses are 26.8 million yuan, compared to 15.2 million yuan for the same period last year.

WeRide’s net loss for the fourth quarter of 2025 is 556 million yuan, compared to a net loss of 592 million yuan for the same period last year; the adjusted net loss is 376 million yuan (approximately 53.80 million USD), compared to an adjusted net loss of 246 million yuan for the same period last year.

As of December 31, 2025, WeRide holds cash and cash equivalents, and time deposits totaling 6.968 billion yuan (approximately 1 billion USD), with 1.443 billion yuan in financial products, and 19.4 million yuan in restricted cash.

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