• First-quarter revenue came in at RMB 114.1 million, or $16.5 million, below the consensus estimate.
• Total operating expenses climbed to RMB 469.1 million from RMB 463.5 million last year, mainly driven by a 11.5% surge in R&D expenditures.
• The company’s cost of revenue rose 58% to RMB 74.5 million, or $10.8 million, which it said was in line with increases in product sales and revenue from intelligent data services.

Shares of Chinese autonomous-vehicle technology company WeRide Inc. (WRD) tumbled on Wednesday after the company’s first-quarter results fell short of analyst expectations, as costs kept climbing amid global expansion.

At the time of writing, WRD stock was down nearly 9% in premarket trading.

WRD’s Q1 Results

For the first quarter (Q1), revenue rose 58% to RMB 114.1 million or $16.5 million, but was still below the Koyfin estimate of $18.4 million. The cost of revenue also rose 58% to RMB 74.5 million, or $10.8 million. The company said the increase in cost of revenue was in line with increases in product sales and revenue from intelligent data services.

The company reported a loss of $0.18 per American Depository Share (ADS), wider than the consensus estimate of $0.04 loss per ADS.

Total operating expenses climbed to RMB 469.1 million from RMB 463.5 million last year, mainly driven by a 11.5% surge in R&D expenditures.

As of April 30, 2026, WeRide’s global robotaxi fleet consisted of 1,300 vehicles, of which about 1,000 were from China.

What Do Retail Traders Think About WRD

On Stocktwits, retail sentiment about WRD remained ‘bullish' amid ‘high’ message volumes over the last 24 hours.

One user noted that, while the company arguably looks stronger today than it did three or six months ago, its financial profile still looks very “early stage.”

However, multiple users on the platform were also frustrated by the company's reported revenue figure.

WRD stock has fallen more than 11% so far this year and more than 24% over the past 12 months, underperforming the S&P 500.

For updates and corrections, email newsroom[at]stocktwits[dot]com.