【华鑫计算机|事件点评】小马智行:营收增长领跑行业,Robotaxi爆发+全球化布局驱动财务拐点

华鑫研究
Aug 20

事 件2025年8月12日小马智行发布2025年第二季度财报,总收入为2150万美元,同比增长75.9%;毛利率为16.1%,同比增长16.4个百分点。投资要点▌ 小马智行营收增长:Robotaxi商业化提速小马智行在2025年第二季度总收入为2,150万美元,同比增长75.9%,这一增长主要是由于机器人出租车服务以及许可和应用程序收入的强劲增长。其中,Robotaxi服务收入为150万美元,...

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