Quarterly ResultMay 13, 2026, 05:42 AM
WeRide Q1 Revenue +57.6% to $16.5M; Operating Loss Narrows 1.2%
AI Summary
WeRide Inc. announced strong unaudited financial results for Q1 2026, with total revenue increasing 57.6% year-over-year to $16.5 million and operating loss narrowing by 1.2%. The company significantly expanded its global robotaxi fleet to approximately 1,300 vehicles, including 1,000 in China, and launched new public ride services in Singapore and Dubai. WeRide also strengthened its L2++ ADAS commercialization through partnerships, including a collaboration with Lenovo to deploy 200,000 AVs worldwide over five years.
Key Highlights
- Total revenue increased 57.6% YoY to $16.5 million in Q1 2026.
- Product revenue grew 115.8% YoY to $3.0 million, driven by robotaxi sales.
- Service revenue rose 49.0% YoY to $13.6 million.
- Gross profit increased 55.9% YoY to $5.7 million, with a 34.7% margin.
- Operating loss narrowed 1.2% YoY to $62.5 million.
- Cash and equivalents totaled $895.6 million as of March 31, 2026.
- Global robotaxi fleet reached 1,300 vehicles by April 30, 2026.
- Partnered with Lenovo to deploy 200,000 AVs globally over five years.