WeRide (WRD) Research & Development (2023 - 2026)
WeRide (WRD) recorded quarterly Research & Development of -$63.8 million in Q2 2026, down 21.1% on a QoQ basis from -$52.7 million in Q1 2026, and down 43.28% YoY from -$112.5 million in Q2 2025.
Analysis
WeRide (WRD) Research & Development (2023 - 2026) Analysis & Trends
WeRide (WRD) has reported Research & Development for 4 consecutive years, with -$63.8 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Research & Development fell 43.28% year-over-year to -$63.8 million; the trailing twelve-month figure through Jun 2026 stood at -$310.2 million (down 289.32% YoY), and the FY2025 full-year result was -$196.2 million, down 64830.84% from the prior year.
- Research & Development was -$63.8 million for Q2 2026 at WeRide, down from -$52.7 million in the prior quarter.
- The five-year high for Research & Development was $44.9 million in Q1 2025, with the low at -$135.0 million in Q3 2025.
- Historically, Research & Development has averaged -$39.9 million across 4 years, with a median of -$44.2 million in 2024.
- Annual changes were most pronounced in 2024 — Research & Development surged 40.51% — and 2025, when it tumbled 272.72%.
- Tracing WRD's Research & Development over 4 years: stood at -$33.6 million in 2023, then sank by 30.48% to -$43.8 million in 2024, then plunged by 34.13% to -$58.8 million in 2025, then decreased by 8.48% to -$63.8 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were -$63.8 million in Q2 2026, -$52.7 million in Q1 2026, and -$58.8 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Aurora Innovation | 12.67 Bn | 11.45 Bn | -5.00 Mn | 211.00 Mn |
| 2 | Mobileye Global | 7.00 Bn | 5.69 Bn | 235.00 Mn | 207.00 Mn |
| 3 | Pony AI | 3.19 Bn | 3.26 Bn | 6.35 Mn | -56.24 Mn |
| 4 | WeRide | 2.05 Bn | 1.26 Bn | 12.76 Mn | -63.79 Mn |
| 5 | Kodiak AI | 741.74 Mn | 590.68 Mn | - | 22.70 Mn |
| 6 | ECARX Holdings | 355.59 Mn | 167.49 Mn | 44.50 Mn | -29.10 Mn |
| 7 | Cyngn | 12.98 Mn | 12.98 Mn | 55,476.00 | 3.15 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -63.79 Mn |
| Mar 31, 2026 | -52.67 Mn |
| Dec 31, 2025 | -58.80 Mn |
| Sep 30, 2025 | -134.99 Mn |
| Jun 30, 2025 | -44.52 Mn |
| Mar 31, 2025 | 44.89 Mn |
| Dec 31, 2024 | -43.84 Mn |
| Sep 30, 2024 | -36.22 Mn |
| Jun 30, 2024 | -33.09 Mn |
| Mar 31, 2024 | 38.83 Mn |
| Dec 31, 2023 | -33.60 Mn |
| Sep 30, 2023 | -60.88 Mn |