Valuation
Is the price right?Insufficient data
Insufficient data: 1 of 3 inputs reported (at least 2 needed). We leave it blank rather than fill the gap with a made-up middle value.
Bringing the fundamentals into focus…
WRD TechnologyBeta data
WeRide Inc.
$4.31+0.70%
Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026
Basics
- Sector
- Technology
- Industry
- Software - Application
- Country
- China
- Market cap
- 1.4B USD
- Enterprise value
- 706.9M USD
- Full-time employees
- 3,661
Growth
Is it growing?92/100
Strong
2/3 inputs reported · Partial data
Since last quarter: ▲ Stronger
- 12-month revenue up 66.8%
Why
Compare with peers Stronger than most peers on:
- ▲ Revenue growth
- ▲ 3-yr revenue
Behind the score
Revenue and earnings-per-share growth over one year, and revenue growth over three years.
Earnings per share growthUnavailable
Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.1108 · MAD: 0.30503-year revenue growth9.1%
SEC filings (IFRS mapped) · 3 years to Dec 2025Reported value33% base weight · Z-score 0.54Sector median: 0.0483 · MAD: 0.0793Revenue growth89.6%
SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score 4.89Sector median: 0.0853 · MAD: 0.1017Profitability
Does it earn well?1/100
Weak
3/3 inputs reported · High confidence
Since last quarter: No major change
Why
Compare with peers Weaker than most peers on:
- ▼ Operating margin
- ▼ ROA
- ▼ ROIC
Behind the score
Return on invested capital, operating margin, and return on assets.
Operating margin-269.8%
SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -7.12Sector median: 0.0631 · MAD: 0.0710Return on assets-18.5%
SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.92Sector median: 0.0293 · MAD: 0.0362Return on invested capital-93.6%
SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -4.27Sector median: 0.0676 · MAD: 0.0857Other data (not scored)
Gross margin32.8%
Yahoo Finance · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.3343 · MAD: 0.1632Return on equity-25.7%
Yahoo Finance · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.0753 · MAD: 0.0889Risk
Debt, liquidity, price swingsLower
Lower relative risk
2/3 inputs reported · Partial data
Since last quarter: Changed: worth a look
- Debt up 116%, still less than its cash
Why
Compare with peers Stronger than most peers on:
- ▲ Current ratio
- ▲ Debt / equity
Behind the score
Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.
BetaUnavailable
Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.8710 · MAD: 0.3700Current ratio5.36×
Yahoo FinanceReported value33% base weight · Z-score 5.15Sector median: 1.8295 · MAD: 0.6848Debt / equity0.10×
Yahoo FinanceReported value33% base weight · Z-score 0.67Sector median: 0.2495 · MAD: 0.2270Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about WeRide
- Is WeRide getting weaker?
- Its latest SEC filing (Apr 23, 2026) showed no major changes: debt up 116%, still less than its cash. Its overall score is unchanged at 63/100 since Oct 28, 2026.
- How is WeRide valued vs its peers?
- Insufficient data: 1 of 3 inputs reported (at least 2 needed).
- Is WeRide growing?
- Yes, faster than most of its peers. Growth scores 92/100 against 1,711 technology peers. Revenue growth 89.6% vs a peer median of 8.5% (stronger than 95% of peers).Revenue growth 89.6% vs peers 8.5% (stronger than 95% of peers).
- How profitable is WeRide?
- Less profitable than most of its peers. Profitability scores 1/100 against 1,711 technology peers. Operating margin -269.8% vs a peer median of 6.3% (weaker than 100% of peers).Operating margin -269.8% vs peers 6.3% (weaker than 100% of peers).
- How risky is WeRide?
- Lower risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Current ratio 5.36× vs a peer median of 1.83× (stronger than 91% of peers).Current ratio 5.36× vs peers 1.83× (stronger than 91% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Dec 31, 2025 · filed Apr 23, 2026 · compared with the quarter ended Jun 30, 2025No major changes
- Debt up 116%, still less than its cash
Worth watching: WeRide is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.
| Previous quarter | Latest quarter | Change | |
|---|---|---|---|
| Revenue (12 months) | 410.5M CNY | 684.6M CNY | +66.8% |
| Net income (12 months) | −2.4B CNY | −1.7B CNY | −31.8% |
| Operating margin | -578.9% | -269.8% | +309.2 pts |
| Free cash flow (12 months) | −1.1B CNY | −1.6B CNY | +40.8% |
| Debt | 149.8M CNY | 324.3M CNY | +116.5% |
| Cash | 3.8B CNY | 6.7B CNY | +73.8% |
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Financials
Fiscal years from SEC annual filings · change vs the prior year · amounts in CNY, as reported| Key ratios | FY 2022 | FY 2023 | FY 2024 | FY 2025 | Change |
|---|---|---|---|---|---|
| Gross margin | 44.1% | 45.7% | 30.7% | 30.2% | ▼ 0.4 pts |
| Operating margin | -147.7% | -389.8% | -605.1% | -269.8% | ▲ 335 pts |
| Net margin | -246.1% | -485.0% | -696.9% | -241.7% | ▲ 455 pts |
| Return on assets (ROA) | — | -34.7% | -32.7% | -18.5% | ▲ 14 pts |
| Return on equity (ROE) | — | — | -35.6% | -20.9% | ▲ 15 pts |
| Free cash flow margin | -142.4% | -127.3% | -187.6% | -229.2% | ▼ 42 pts |
| Current ratio | — | 0.63× | 13.43× | 8.20× | ▼ 39% |
| Quick ratio | — | 0.60× | 13.06× | 7.88× | ▼ 40% |
| Debt to equity | — | — | 0.01× | 0.04× | ▲ 262% |
| Interest coverage | -185.44× | -448.77× | -633.20× | -202.32× | ▲ 68% |
WRD price history
Price history is added with the daily price update and will appear after the next one.