WeRide (WRD) Gross Margin (2023 - 2026)
WeRide (WRD) recorded quarterly Gross Margin of 26.7% in Q2 2026, down 86.21% on a QoQ basis from 193.59% in Q1 2026, and down 389.0% YoY from 9.24% in Q2 2025.
Analysis
WeRide (WRD) Gross Margin (2023 - 2026) Analysis & Trends
WeRide (WRD) has reported Gross Margin for 4 consecutive years, with 26.7% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin fell 389.0% year-over-year to 26.7%; the trailing twelve-month figure through Jun 2026 stood at 46.92% (up 430.0% YoY), and the FY2025 full-year result was 30.85%, up 3079.0% from the prior year.
- Gross Margin was 26.7% for Q2 2026 at WeRide, down from 193.59% in the prior quarter.
- The five-year high for Gross Margin was 453.32% in Q1 2024, with the low at 6.51% in Q3 2024.
- Historically, Gross Margin has averaged 134.95% across 4 years, with a median of 89.2% in 2024.
- On a YoY basis, Gross Margin climbed as much as 7253 bps in 2025 and fell as far as 18640 bps in 2025.
- Tracing WRD's Gross Margin over 4 years: stood at 215.72% in 2023, then plunged by 54 bps to 99.35% in 2024, then tumbled by 57 bps to 42.32% in 2025, then plunged by 37 bps to 26.7% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 26.7% in Q2 2026, 193.59% in Q1 2026, and 42.32% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Aurora Innovation | 12.67 Bn | 11.45 Bn | -5.00 Mn | -250.00% |
| 2 | Mobileye Global | 7.00 Bn | 5.69 Bn | 235.00 Mn | 46.26% |
| 3 | Pony AI | 3.19 Bn | 3.26 Bn | 6.35 Mn | 17.53% |
| 4 | WeRide | 2.05 Bn | 1.26 Bn | 12.76 Mn | 26.70% |
| 5 | Kodiak AI | 741.74 Mn | 590.68 Mn | - | - |
| 6 | ECARX Holdings | 355.59 Mn | 167.49 Mn | 44.50 Mn | 19.76% |
| 7 | Cyngn | 12.98 Mn | 12.98 Mn | 55,476.00 | 38.40% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.70% |
| Mar 31, 2026 | 193.59% |
| Dec 31, 2025 | 42.32% |
| Sep 30, 2025 | 79.05% |
| Jun 30, 2025 | 30.59% |
| Mar 31, 2025 | 266.92% |
| Dec 31, 2024 | 99.35% |
| Sep 30, 2024 | 6.51% |
| Jun 30, 2024 | 174.52% |
| Mar 31, 2024 | 453.32% |
| Dec 31, 2023 | 215.72% |
| Sep 30, 2023 | 30.82% |