WeRide Inc. (WRD) 10-Year Financial Performance & Capital Metrics

WRD • • Industrial / General

TechnologyInfrastructure SoftwareAI & Analytics PlatformsAI-Powered Surveillance & Analytics

AboutWeRide, Inc. engages in the development of an autonomous driving technology platform. It offers Robotaxi, Robobus, Robovan, Robosweeper, and advanced driving solutions, providing smart services in online ride-hailing, on-demand transport, urban logistics, and environmental sanitation. The company was founded by Xu Han and Yan Li in February 2017 and is headquartered in Guangzhou, China.Show more

Revenue $361M -10.1%
EBITDA -$2.08B -41.1%
Net Income -$2.52B -29.1%
EPS (Diluted) -9.15 -24.0%
Gross Margin 30.66% -32.9%
EBITDA Margin -577.09% -57.0%
Operating Margin -605.09% -55.2%
Net Margin -696.92% -43.7%
ROE -125.4%
ROIC -55.73%
Debt/Equity 0.02
Interest Coverage -780.14 -42.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Trading at only 0.3x book value

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y37.75%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-

EPS CAGR

10Y-

5Y-

3Y-

TTM-

ROCE

10Y Avg-74.88%

5Y Avg-74.88%

3Y Avg-94.4%

Latest-104.7%

Peer Comparison

AI-Powered Surveillance & Analytics

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PLTRPalantir Technologies Inc.	408.8B	178.96	941.89	28.79%	28.11%	16.38%	0.28%	0.05
CCCCCC Intelligent Solutions Holdings Inc.	5.25B	8.19	201.23	9.05%	-0.28%	-0.13%	4.4%	0.42
ODDOddity Tech Ltd.	1.55B	33.81	20.37	27.2%	14.11%	28.94%	8.36%	0.08
MLGOMicroAlgo Inc.	58.21M	5.32	9.67	-9.22%	11.11%	2.12%	6.99%	0.16
STEMStem, Inc.	158.41M	18.88	-0.18	-68.67%	62.2%	-59.21%
MSAIMultiSensor AI Holdings, Inc.	25.16M	0.31	-0.29	36.32%	-223.26%	-150.02%		0.03
WRDWeRide Inc.	2.86B	8.81	-0.96	-10.13%	-6.97%	-125.4%		0.02
AISPAirship AI Holdings, Inc.	107.31M	3.14	-1.65	87.4%	-364.1%

Profit & Loss

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	138.17M	527.54M	401.84M	361.13M
Revenue Growth %	-	2.82%	-0.24%	-0.1%
Cost of Goods Sold+	86.51M	295M	218.37M	250.42M
COGS % of Revenue	0.63%	0.56%	0.54%	0.69%
Gross Profit+	51.66M	232.54M	183.48M	110.72M
Gross Margin %	0.37%	0.44%	0.46%	0.31%
Gross Profit Growth %	-	3.5%	-0.21%	-0.4%
Operating Expenses+	552.16M	1.01B	1.75B	2.3B
OpEx % of Revenue	4%	1.92%	4.35%	6.36%
Selling, General & Admin	119.34M	260.81M	666.82M	1.19B
SG&A % of Revenue	0.86%	0.49%	1.66%	3.3%
Research & Development	443.18M	758.57M	1.06B	1.09B
R&D % of Revenue	3.21%	1.44%	2.63%	3.02%
Other Operating Expenses	-10.37M	-7.6M	24.47M	12.17M
Operating Income+	-500.5M	-779.23M	-1.57B	-2.19B
Operating Margin %	-3.62%	-1.48%	-3.9%	-6.05%
Operating Income Growth %	-	-0.56%	-1.01%	-0.4%
EBITDA+	-434.67M	-692.68M	-1.48B	-2.08B
EBITDA Margin %	-3.15%	-1.31%	-3.67%	-5.77%
EBITDA Growth %	-	-0.59%	-1.13%	-0.41%
D&A (Non-Cash Add-back)	65.82M	86.55M	89.61M	101.13M
EBIT	-1B	-1.29B	-1.94B	-2.51B
Net Interest Income+	24.2M	32.54M	129.19M	174.1M
Interest Income	29.77M	36.11M	132.04M	176.9M
Interest Expense	5.57M	3.57M	2.85M	2.8M
Other Income/Expense	-506.75M	-519.27M	-380.03M	-325.76M
Pretax Income+	-1.01B	-1.3B	-1.95B	-2.51B
Pretax Margin %	-7.29%	-2.46%	-4.84%	-6.95%
Income Tax+	0	0	2.87M	5.87M
Effective Tax Rate %	1%	1%	1%	1%
Net Income+	-1.01B	-1.3B	-1.95B	-2.52B
Net Margin %	-7.29%	-2.46%	-4.85%	-6.97%
Net Income Growth %	-	-0.29%	-0.5%	-0.29%
Net Income (Continuing)	-1.01B	-1.3B	-1.95B	-2.52B
Discontinued Operations	0	0	0	0
Minority Interest	0	0	0	0
EPS (Diluted)+	-3.75	-4.83	-7.38	-9.15
EPS Growth %	-	-0.29%	-0.53%	-0.24%
EPS (Basic)	-3.75	-4.83	-7.38	-9.15
Diluted Shares Outstanding	269.42M	268.04M	268.04M	275.4M
Basic Shares Outstanding	269.42M	268.04M	268.04M	275.4M
Dividend Payout Ratio	-	-	-	-

Balance Sheet

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	3.02B	5B	5.37B	7.29B
Cash & Short-Term Investments	2.78B	4.45B	4.53B	6.57B
Cash Only	2.73B	2.2B	1.66B	4.27B
Short-Term Investments	53.8M	2.24B	2.87B	2.31B
Accounts Receivable	90.22M	385.62M	563.18M	437.34M
Days Sales Outstanding	238.34	266.81	511.54	442.02
Inventory	114.55M	168.88M	218.22M	204.71M
Days Inventory Outstanding	483.31	208.96	364.75	298.37
Other Current Assets	3.01M	0	10.19M	4.81M
Total Non-Current Assets+	286.99M	311.92M	244.24M	405.77M
Property, Plant & Equipment	193.65M	201.11M	171.06M	271.21M
Fixed Asset Turnover	0.71x	2.62x	2.35x	1.33x
Goodwill	44.76M	44.76M	44.76M	44.76M
Intangible Assets	30.99M	28.6M	24.59M	21.66M
Long-Term Investments	0	33.96M	0	56.92M
Other Non-Current Assets	13.6M	34.45M	1.82M	10.23M
Total Assets+	3.31B	5.31B	5.61B	7.69B
Asset Turnover	0.04x	0.10x	0.07x	0.05x
Asset Growth %	-	0.61%	0.06%	0.37%
Total Current Liabilities+	234.34M	361.85M	8.59B	542.49M
Accounts Payable	15.95M	11.51M	16.96M	20.71M
Days Payables Outstanding	67.29	14.24	28.35	30.19
Short-Term Debt	0	0	0	30.02M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K
Other Current Liabilities	74.36M	72.11M	8.18B	41.1M
Current Ratio	12.89x	13.82x	0.63x	13.43x
Quick Ratio	12.40x	13.35x	0.60x	13.06x
Cash Conversion Cycle	654.36	461.53	847.95	710.2
Total Non-Current Liabilities+	3.89B	7B	8.26B	85.26M
Long-Term Debt	3.79B	6.92B	0	50.04M
Capital Lease Obligations	61.22M	35.35M	22.31M	26.06M
Deferred Tax Liabilities	7.47M	6.39M	5.48M	4.49M
Other Non-Current Liabilities	39.14M	39.24M	8.22B	0
Total Liabilities	4.13B	7.35B	8.67B	627.75M
Total Debt+	3.88B	6.98B	53.41M	143.02M
Net Debt	1.15B	4.78B	-1.61B	-4.13B
Debt / Equity	-	-	-	0.02x
Debt / EBITDA	-	-	-	-
Net Debt / EBITDA	-	-	-	-
Interest Coverage	-89.87x	-218.03x	-548.97x	-780.14x
Total Equity+	-964.97M	-2.05B	-3.05B	7.07B
Equity Growth %	-	-1.13%	-0.49%	3.32%
Book Value per Share	-3.58	-7.66	-11.39	25.66
Total Shareholders' Equity	-964.97M	-2.05B	-3.05B	7.07B
Common Stock	7K	7.88K	8K	58K
Retained Earnings	-2.83B	-4.07B	-6.11B	-8.63B
Treasury Stock	-91.84M	-149.49M	-151.67M	0
Accumulated OCI	840M	1.12B	779.67M	822.57M
Minority Interest	0	0	0	0

Cash Flow

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-506.67M	-670.38M	-474.89M	-593.6M
Operating CF Margin %	-3.67%	-1.27%	-1.18%	-1.64%
Operating CF Growth %	-	-0.32%	0.29%	-0.25%
Net Income	-1.01B	-1.3B	-1.95B	-2.52B
Depreciation & Amortization	65.82M	86.55M	89.61M	101.13M
Stock-Based Compensation	55.96M	325.43M	931.78M	1.19B
Deferred Taxes	0	0	0	5.87M
Other Non-Cash Items	531.65M	579.9M	561.72M	620.89M
Working Capital Changes	-152.85M	-363.76M	-108.9M	7.46M
Change in Receivables	-22.49M	-308.91M	-52.36M	43.24M
Change in Inventory	-92.35M	-41.45M	-68.55M	-62.26M
Change in Payables	-2.89M	-4.49M	6.29M	3.73M
Cash from Investing+	460.9M	-2.2B	-546.94M	325.5M
Capital Expenditures	-25.64M	-82.69M	-36.65M	-84M
CapEx % of Revenue	0.19%	0.16%	0.09%	0.23%
Acquisitions	-	-	-	-
Investments	-	-	-	-
Other Investing	1.25M	2.17M	-9.26M	-7.57M
Cash from Financing+	2.6B	2.18B	446.95M	2.82B
Debt Issued (Net)	-	-	-	-
Equity Issued (Net)	-	-	-	-
Dividends Paid	0	0	0	0
Share Repurchases	-	-	-	-
Other Financing	120.05M	107.38M	-3.57M	-401.28M
Net Change in Cash	-	-	-	-
Free Cash Flow+	-532.3M	-753.07M	-511.84M	-679.1M
FCF Margin %	-3.85%	-1.43%	-1.27%	-1.88%
FCF Growth %	-	-0.41%	0.32%	-0.33%
FCF per Share	-1.98	-2.81	-1.91	-2.47
FCF Conversion (FCF/Net Income)	0.50x	0.52x	0.24x	0.24x
Interest Paid	0	0	0	0
Taxes Paid	0	0	0	0

Key Ratios

Metric	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-	-125.4%
Return on Invested Capital (ROIC)	-	-40.06%	-	-55.73%
Gross Margin	37.39%	44.08%	45.66%	30.66%
Net Margin	-728.98%	-246.14%	-485.04%	-696.92%
Debt / Equity	-	-	-	0.02x
Interest Coverage	-89.87x	-218.03x	-548.97x	-780.14x
FCF Conversion	0.50x	0.52x	0.24x	0.24x
Revenue Growth	-	281.8%	-23.83%	-10.13%

Revenue by Segment

	2024
Services	273.42M
Services Growth	-
Products	87.71M
Products Growth	-

Frequently Asked Questions

Growth & Financials

WeRide Inc. (WRD) reported $361.1M in revenue for fiscal year 2024. This represents a 161% increase from $138.2M in 2021.

WeRide Inc. (WRD) saw revenue decline by 10.1% over the past year.

WeRide Inc. (WRD) reported a net loss of $2.52B for fiscal year 2024.

Dividend & Returns

WeRide Inc. (WRD) has a return on equity (ROE) of -125.4%. Negative ROE indicates the company is unprofitable.

WeRide Inc. (WRD) had negative free cash flow of $679.1M in fiscal year 2024, likely due to heavy capital investments.

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