# Pony AI Inc. (PONY)

Source page: https://stoqly.net/companies/pony

- **Ticker:** PONY (Nasdaq)
- **Sector:** Information Technology / Services-Computer Integrated Systems Design
- **SEC CIK:** 0001969302
- **Latest annual report:** 20-F filed 2026-04-22 (https://www.sec.gov/Archives/edgar/data/1969302/000110465926046406/pony-20251231x20f.htm)
- **Data updated:** 2026-11-09

## What the company does

Pony develops autonomous driving technology and uses it to provide robotaxi rides and other driverless vehicle services. Its Virtual Driver is a system of software, hardware and services that can be used in different vehicle models and for different transportation needs. The company also develops robotruck technology, including driverless truck platooning, in which trucks travel together on highways. Its customers and partners include people using its robotaxi services, vehicle makers and local transport operators.

Pony’s business focuses on robotaxis and other autonomous driving uses. It operates robotaxi services in Chinese cities including Beijing, Shanghai, Guangzhou and Shenzhen, and is expanding into Europe, East Asia and the Middle East. The company works with Toyota and GTMC on robotaxi production and deployment in China, and with vehicle makers including BAIC, GAC and SAIC on vehicles and overseas deployments. It has also partnered with Uber to make its robotaxis available through Uber’s platform.

Pony develops its own autonomous driving technology and works with vehicle manufacturers to produce and deploy robotaxis. Its Virtual Driver combines software for sensing and interpreting roads, planning routes and controlling vehicles, as well as hardware and services. As of March 31, 2026, it operated a fleet of over 1,400 robotaxis. Pony is based in the Cayman Islands, where it was incorporated; its operating history began in Silicon Valley, California.

## Key figures

- **Last close:** $4.46 on 2026-11-13 (+0.68% on the day)
- **Market cap:** $1.7B
- **EPS, trailing 12 months:** −$0.35
- **Revenue (FY2025):** $90.0M
- **Revenue growth:** +20.0%
- **Gross margin:** 15.7%
- **Operating margin:** −289.8%
- **Net margin:** −148.9%
- **Free cash flow:** −$209M
- **Free cash flow margin:** −232.0%
- **Return on equity:** −10.3%
- **Change in share count:** +232.3%
- **Piotroski F-score:** 3/9
- **Insider buys, last 90 days:** $0.0M
- **Insider sells, last 90 days:** $0.3M

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## Annual results

From SEC EDGAR XBRL filings. Full table: https://stoqly.net/companies/pony/figures.csv

| US$ millions | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---:|---:|---:|---:|
| Revenue | 68 | 72 | 75 | 90 |
| Operating income | -171 | -143 | -286 | -261 |
| Net income | -148 | -125 | -274 | -134 |
| Diluted EPS (US$) | -1.73 | -1.40 | -2.40 | -0.35 |
| Operating cash flow | -155 | -115 | -111 | -165 |
| Free cash flow | -167 | -121 | -122 | -209 |
| Cash | 578 | 590 | 745 | 1,166 |
| Debt and leases | 4 | — | — | — |

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Source: SEC EDGAR filings and end-of-day prices, via Stoqly. For information only — not investment advice or a recommendation to buy, sell or hold any security.