Dec. 22 at 3:17 PM
$WRD 2025 YTD (Q1, Q2, Q3) revenue profile for WRD vs
$PONY
Will Q4 show more rev for WRD than for PONY?
This is USD.
P = PONY.
W = WeRide.
Rev QoQ
Q1
$14M P vs
$10M W (40% more rev for P vs W)
Q2
$21.5M P vs
$18.8M W (21% more rev for P vs W)
Q3
$25.4M P vs
$24.0M W (6% more rev for P vs W)
Rate of Change in Revenue growth QoQ
P Q2 over P Q1 rev grew 54% (strong gain)
P Q3 over P Q2 rev grew 19% (slowing)
W Q2 over W Q1 rev grew 78% (very strong gain)
W Q3 over W Q2 rev grew 35% (<2X what PONY did)
Based on Rev changes Q0Q W should outperform P on revenue if the pattern is the same for Q4.
If so, what will the market decide about which company is the stronger company for 2026.
I think I know how it will go? What do you think?