WeRide Inc.

Cash-rich Chinese autonomous-driving company with deep operating losses and shrinking revenue.

Strengths

• Strong liquidity — ~$585M cash, ~25 quarters runway (87.6th pct), current ratio 13.4x
• Low leverage and improving net loss (net_income_growth 75th pct)

Risks

• Deeply negative margins (net -697%, operating -605%, bottom-decile) and negative ROA/ROE
• Revenue declined 12.5% (8.7th pct) — commercialization still unproven
• PRC regulatory/governance and U.S.-China trade exposure

Notable findings

• No interest coverageInterest coverage -633.20 (cannot cover interest)
• Cash burnNegative free cash flow (-92.8M)
• Net lossNet loss (net margin -696.9%)
• Strong balance sheetStrong balance sheet — $585M cash & investments, ~25 quarters of runway
• AccumulatingInstitutional holders rose 6→7 QoQ (2025-12-31→2026-03-31)
• New fund positionNotable fund(s) opened this quarter: RENAISSANCE TECHNOLOGIES LLC
• Revenue declineRevenue -12.5% YoY
• Notable holderHeld by 6 notable fund(s): ARK Investment Management LLC, CITADEL ADVISORS LLC, STATE STREET CORP +3 more (as of 2026-03-31)