Pony AI Inc.
PONY Nasdaq· Services-Computer Integrated Systems Design
Last close · Nov 13, 2026
$4.46
Latest fiscal year · FY25 results fiscal year ended Dec 31, 2025 · vs FY24
| Line | FY24 | FY25 | Change (y/y) |
|---|---|---|---|
| Revenue | $75.0M | $90.0M | 20.0% |
| Net income | −$274M | −$134M | — |
| Diluted EPS | −$2.40 | −$0.35 | — |
| Operating margin | −380.6% | −289.8% | 90.7 pts |
| Free cash flow | −$122M | −$209M | — |
Key numbers, fiscal 2025
Market cap
$1.7B
P/E
—
Revenue
$90.0M
Net income
−$134M
Free cash flow
−$209M
Operating margin
−289.8%
Pony AI Inc. in 30 seconds fiscal 2025
Are sales growing?
+20.0%
Yes. Sales grew 20.0% last year.
Does it make a profit?
−148.9%
No. It lost money last year.
How long would its cash last?
5.6 yrs
Comfortably. It burns $209M a year and holds $1.2B, about 5.6 years at that pace.
How healthy are the accounts?
3 / 8
Weak. It passes 3 of 8 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Pony AI Inc. 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.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 22, 2026
- Legal name
- Pony AI Inc.
- CIK
- 0001969302
Pony AI Inc. · PONY · stoqly.net
Results and finances
The last 4 fiscal years. Amounts in USD. Compiled by stoqly.net.
| Fiscal year | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Sales and profit | ||||
| Revenue | $68.4M | $71.9M | $75.0M | $90.0M |
| Revenue growth | — | 5.1% | 4.3% | 20.0% |
| Gross margin | 46.9% | 23.5% | 15.2% | 15.7% |
| Operating margin | −249.6% | −199.2% | −380.6% | −289.8% |
| Net income | −$148M | −$125M | −$274M | −$134M |
| Net margin | −216.4% | −173.6% | −365.4% | −148.9% |
| Diluted EPS | −$1.73 | −$1.40 | −$2.40 | −$0.35 |
| Cash | ||||
| Cash from operations | −$155M | −$115M | −$111M | −$165M |
| Capital expenditure | $12.0M | $5.1M | $11.4M | $43.9M |
| Free cash flow | −$167M | −$121M | −$122M | −$209M |
| FCF margin | −243.9% | −167.6% | −162.8% | −232.0% |
| Share buybacks | — | $1.0M | — | — |
| Share count change | — | 4.4% | 28.3% | 232.3% |
| Debt and strength | ||||
| Cash and short-term investments | $578M | $590M | $745M | $1.2B |
| Debt incl. finance leases | $3.9M | — | — | — |
| Shareholders' equity | −$551M | −$677M | $951M | $1.7B |
| Current ratio | 13.4x | 13.8x | 11.8x | 13.7x |
| Returns and quality | ||||
| Return on equity | — | — | −200.2% | −10.3% |
| Return on tangible equity | — | — | −28.8% | −8.1% |
| Piotroski F-score | — | 4 | 1 | 3 |
| Altman Z'' | −9.8 | −12.8 | 11.1 | 17.4 |
Insider trades 12 months
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$1.4M
4 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Pony AI Inc. · PONY · stoqly.net
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Compiled and analysed by stoqly.net from SEC EDGAR XBRL filings (CIK 0001969302). Latest version: stoqly.net/companies/pony. Data updated November 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.