diff --git a/.changeset/mixed-url-assets.md b/.changeset/mixed-url-assets.md
new file mode 100644
index 0000000..91fffb5
--- /dev/null
+++ b/.changeset/mixed-url-assets.md
@@ -0,0 +1,5 @@
+---
+'rsbuild-plugin-react-router': patch
+---
+
+Preserve mixed asset query semantics for `?url&raw` and `?url&inline` requests.
diff --git a/src/index.ts b/src/index.ts
index 20a51df..b84d7d1 100644
--- a/src/index.ts
+++ b/src/index.ts
@@ -128,7 +128,8 @@ const ensureFederationAsyncStartup = (
 
 const cssUrlAssetExtensions =
   /\.(?:css|less|sass|scss|styl|stylus|pcss|postcss|sss)$/;
-const urlAssetResourceQuery = /(?:\?|&)url(?:&|$)/;
+const urlAssetResourceQuery =
+  /^(?=.*(?:\?|&)url(?:&|$))(?!.*(?:\?|&)(?:raw|inline)(?:&|$))/;
 
 export const pluginReactRouter = (
   options: PluginOptions = {}
diff --git a/tests/features.test.ts b/tests/features.test.ts
index cd0744a..b7e2580 100644
--- a/tests/features.test.ts
+++ b/tests/features.test.ts
@@ -237,10 +237,31 @@ describe('pluginReactRouter', () => {
       const config = await rsbuild.unwrapConfig();
       const getRules = (name: 'web' | 'node') =>
         config.environments?.[name]?.tools?.rspack?.module?.rules ?? [];
-      const hasUrlAssetRule = (rule: any) =>
-        rule.resourceQuery?.toString().includes('url') &&
-        rule.exclude?.test('app/styles.css') &&
-        rule.type === 'asset/resource';
+      const includedQueries = ['?url', '?url&foo=bar', '?foo=bar&url'];
+      const excludedQueries = [
+        '?raw',
+        '?inline',
+        '?url&raw',
+        '?raw&url',
+        '?url&inline',
+        '?inline&url',
+      ];
+      const hasUrlAssetRule = (rule: {
+        resourceQuery?: RegExp;
+        exclude?: RegExp;
+        type?: string;
+      }) => {
+        const { resourceQuery, exclude, type } = rule;
+        return (
+          resourceQuery instanceof RegExp &&
+          exclude instanceof RegExp &&
+          resourceQuery.toString().includes('url') &&
+          exclude.test('app/styles.css') &&
+          includedQueries.every(query => resourceQuery.test(query)) &&
+          excludedQueries.every(query => !resourceQuery.test(query)) &&
+          type === 'asset/resource'
+        );
+      };
 
       expect(getRules('web').some(hasUrlAssetRule)).toBe(true);
       expect(getRules('node').some(hasUrlAssetRule)).toBe(true);