Riqi Ride (Robotaxi) Reports 114.6% Revenue Growth, 395% Profit Growth in 2025

Guangzhou-based Riqi Ride reported explosive financial growth for 2025: revenue up 114.6%, gross profit up 395.3%, with gross margin reaching 11.9%. Its Robotaxi fleet has expanded to 600 vehicles in Q1 2026, with plans for a 10,000+ vehicle fleet across 100 cities.

Key Metrics

• Revenue growth: 114.6% YoY
• Gross profit growth: 395.3% YoY
• Gross margin: 11.9%
• Robotaxi fleet: ~600 vehicles (Q1 2026)
• Plan: 10,000+ vehicles, 100 cities

Analysis

Riqi Ride's transition from ride-hailing to robotaxi is a case study in how Chinese mobility companies are pivoting. The 395% gross profit growth suggests robotaxi economics are improving rapidly. If the 10,000-vehicle plan materializes, Riqi could become one of the largest autonomous ride-hailing operators globally, competing with Waymo and Cruise at scale in the Chinese market.