Pony AI Inc. American Depositary Shares(PONY)Earnings, Financials & Key Ratios
PONY•NASDAQ
Price updated Jun 11, 2026
AboutPony AI Inc., through its subsidiaries, engages in the autonomous mobility in the People's Republic of China and the United States. The company provides robotruck services, such as transportation services to the logistics platforms. It also offers robotaxi services, including a suite of AV engineering solutions comprising AV software deployment and maintenance, vehicle integration and engineering, and road testing; and fare-charging robotaxi services. In addition, the company offers personally-owned vehicle intelligent solutions, including intelligent driving software solutions, proprietary vehicle domain controller products, and data analytics tools; vehicle integration services, software development, and licensing services; and vehicle-to-everything (V2X) products and services to enhance road safety. The company was incorporated in 2016 and is based in Guangzhou, the People's Republic of China.Show more
- Revenue$90M+20.3%
- EBITDA-$262M+5.6%
- Net Income-$134M+51.0%
- EPS (Diluted)-0.35+85.4%
- Gross Margin15.73%+3.5%
- EBITDA Margin-289.84%+21.5%
- Operating Margin-289.84%+23.8%
- Net Margin-148.85%+59.3%
- ROE-10.03%+69.6%
- ROIC-20.92%+64.7%
- Debt/Equity0.01-37.7%
PONY Key Insights
Pony AI Inc. American Depositary Shares (PONY) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓High quality earnings: Operating CF exceeds net income
✗Weaknesses
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 14 (bottom 14%)
- ✗Shares diluted 100.0% in last year
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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PONY Price & Volume
Pony AI Inc. American Depositary Shares (PONY) stock price & volume — 10-year historical chart
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PONY Growth Metrics
Pony AI Inc. American Depositary Shares (PONY) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years9.68%
TTM2.99%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM54.57%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM87.41%
Return on Capital
10 Years-25.92%
5 Years-25.92%
3 Years-24.51%
Last Year-19.36%
PONY Recent Earnings
Pony AI Inc. American Depositary Shares (PONY) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/12 qtrs (50%)●Beat Revenue 3/12 qtrs (75%)
Q2 2026Latest
May 26, 2026EPS
$0.09
Est $0.12
+25.7%
Revenue
$34M
Est $22M
+53.6%
Q2 2026
Mar 26, 2026EPS
$0.12
Est $0.05
-148.3%
Revenue
$29M
Est $25M
+18.2%
Q4 2025
Nov 25, 2025EPS
$0.14
Est $0.20
+28.9%
Revenue
$25M
Est $24M
+7.4%
Q3 2025
Aug 12, 2025EPS
$0.13
Revenue
$21M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 26, 2026 | $0.09vs $0.12+25.7% | $34Mvs $22M+53.6% |
| Q2 2026 | Mar 26, 2026 | $0.12vs $0.05-148.3% | $29Mvs $25M+18.2% |
| Q4 2025 | Nov 25, 2025 | $0.14vs $0.20+28.9% | $25Mvs $24M+7.4% |
| Q3 2025 | Aug 12, 2025 | $0.13 | $21M |
Based on last 12 quarters of dataView full earnings history →
PONY Peer Comparison
Pony AI Inc. American Depositary Shares (PONY) competitors in Vehicle rental, leasing and fleet management — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MBLY | 7.8B | 9.58 | -19.96 | 14.51% | -203.97% | -37.31% | ||
 LAZR | 1.95M | 0.06 | -0.01 | -12.44% | -5.73% | |||
 LIDR | 75.03M | 1.62 | -1.80 | 15.35% | -126.99% | -56.22% | 0.00 | |
 INVZ | 142.78M | 0.65 | -1.90 | 127% | -181.46% | -101.64% | 0.83 | |
 OUST | 2.52B | 39.61 | -37.02 | 52.46% | -30.12% | -22.2% | 0.07 | |
 UBER | 144.07B | 69.55 | 14.70 | 18.28% | 15.91% | 32.02% | 0.48 | |
 LYFT | 5.21B | 13.71 | 2.01 | 9.16% | 43.82% | 150.2% | 0.39 | |
 AVAV | 9.17B | 183.69 | 118.51 | 14.5% | -13.93% | -6.41% | 0.07 |
Compare PONY vs Peers
Pony AI Inc. American Depositary Shares (PONY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
PONY Income Statement
Pony AI Inc. American Depositary Shares (PONY) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|
Sales/Revenue | 8.12M | 68.39M | 71.9M | 75.03M | 90.24M |
Revenue Growth % | - | 742.5% | 5.14% | 4.35% | 20.28% |
Cost of Goods Sold | 1.81M | 36.32M | 55.02M | 63.62M | 76.04M |
COGS % of Revenue | 22.26% | 53.11% | 76.52% | 84.8% | 84.27% |
Gross Profit | 6.31M▲ 0% | 32.06M▲ 408.1% | 16.88M▼ 47.3% | 11.4M▼ 32.5% | 14.2M▲ 24.5% |
Gross Margin % | 77.74% | 46.89% | 23.48% | 15.2% | 15.73% |
Gross Profit Growth % | - | 408.15% | -47.34% | -32.46% | 24.52% |
Operating Expenses | 221.62M | 202.78M | 160.12M | 296.93M | 275.75M |
OpEx % of Revenue | 2730.26% | 296.52% | 222.71% | 395.77% | 305.57% |
Selling, General & Admin | 51.02M | 49.18M | 37.42M | 56.75M | 57.75M |
SG&A % of Revenue | 628.53% | 71.91% | 52.04% | 75.64% | 64% |
Research & Development | 170.6M | 153.6M | 122.71M | 240.18M | 217.99M |
R&D % of Revenue | 2101.72% | 224.61% | 170.67% | 320.13% | 241.57% |
Other Operating Expenses | 0 | 0 | 0 | 0 | 0 |
Operating Income | -215.31M▲ 0% | -170.72M▲ 20.7% | -143.24M▲ 16.1% | -285.52M▼ 99.3% | -261.55M▲ 8.4% |
Operating Margin % | -2652.52% | -249.63% | -199.22% | -380.57% | -289.84% |
Operating Income Growth % | - | 20.71% | 16.09% | -99.33% | 8.4% |
EBITDA | -201.56M | -153.94M | -128.9M | -277.16M | -261.55M |
EBITDA Margin % | -2483.22% | -225.11% | -179.28% | -369.43% | -289.84% |
EBITDA Growth % | - | 23.62% | 16.27% | -115.02% | 5.63% |
D&A (Non-Cash Add-back) | 13.74M | 16.77M | 14.34M | 8.36M | 0 |
EBIT | -215.31M | -170.72M | -143.24M | -285.52M | -261.55M |
Net Interest Income | 3.6M | 8.89M | 19.39M | 20.38M | 43.1M |
Interest Income | 3.61M | 8.88M | 19.37M | 20.39M | 43.1M |
Interest Expense | 0 | 0 | 0 | 0 | 0 |
Other Income/Expense | -8.85M | 22.39M | 17.79M | 10.52M | 184.59M |
Pretax Income | -224.16M▲ 0% | -148.32M▲ 33.8% | -125.45M▲ 15.4% | -275M▼ 119.2% | -76.96M▲ 72.0% |
Pretax Margin % | -2761.57% | -216.89% | -174.49% | -366.55% | -85.29% |
Income Tax | 547K | -74K | -126K | 1K | 0 |
Effective Tax Rate % | -0.24% | 0.05% | 0.1% | -0% | 0% |
Net Income | -224.7M▲ 0% | -148.02M▲ 34.1% | -124.81M▲ 15.7% | -274.12M▼ 119.6% | -134.32M▲ 51.0% |
Net Margin % | -2768.31% | -216.44% | -173.59% | -365.37% | -148.85% |
Net Income Growth % | - | 34.13% | 15.68% | -119.63% | 51% |
Net Income (Continuing) | -224.7M | -148.25M | -125.33M | -275.01M | -76.96M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 3.89M | 11.9M | 11.14M | 17.59M | 56.72M |
EPS (Diluted) | -0.64▲ 0% | -0.42▲ 34.4% | -1.40▼ 233.3% | -2.40▼ 71.4% | -0.35▲ 85.4% |
EPS Growth % | - | 34.38% | -233.33% | -71.43% | 85.42% |
EPS (Basic) | -0.64 | -0.42 | -0.36 | -2.40 | -0.35 |
Diluted Shares Outstanding | 348.96M | 348.96M | 88.93M | 114.32M | 379.91M |
Basic Shares Outstanding | 348.96M | 348.96M | 348.96M | 114.32M | 379.91M |
Dividend Payout Ratio | - | - | - | - | - |
PONY Balance Sheet
Pony AI Inc. American Depositary Shares (PONY) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|
Total Current Assets | 442.14M | 643.57M | 666.35M | 834.62M | 1.25B |
Cash & Short-Term Investments | 418.75M | 577.9M | 589.55M | 745.01M | 1.17B |
Cash Only | 242.54M | 316.26M | 425.96M | 535.98M | 295.43M |
Short-Term Investments | 176.21M | 261.64M | 163.59M | 209.03M | 872.16M |
Accounts Receivable | 2.17M | 34.2M | 37.23M | 36.88M | 34.98M |
Days Sales Outstanding | 97.53 | 182.56 | 189 | 179.41 | 141.5 |
Inventory | 0 | 0 | 0 | 0 | 0 |
Days Inventory Outstanding | - | - | - | - | - |
Other Current Assets | 21.22M | 31.46M | 39.56M | 52.73M | 48.07M |
Total Non-Current Assets | 266.8M | 127.94M | 80.77M | 216.2M | 562.2M |
Property, Plant & Equipment | 33.1M | 33.77M | 19.43M | 36.55M | 75.28M |
Fixed Asset Turnover | 0.25x | 2.02x | 3.70x | 2.05x | 1.20x |
Goodwill | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 811K | 1.19M | 2.4M | -5.97M | 0 |
Long-Term Investments | 227.17M | 80.65M | 51.71M | 130.8M | 480.23M |
Other Non-Current Assets | 5.71M | 12.33M | 7.22M | 54.82M | 6.69M |
Total Assets | 708.94M▲ 0% | 771.51M▲ 8.8% | 747.12M▼ 3.2% | 1.05B▲ 40.7% | 1.81B▲ 72.5% |
Asset Turnover | 0.01x | 0.09x | 0.10x | 0.07x | 0.05x |
Asset Growth % | - | 8.83% | -3.16% | 40.65% | 72.52% |
Total Current Liabilities | 30.11M | 48.1M | 48.16M | 70.89M | 91.48M |
Accounts Payable | 0 | 0 | 0 | 0 | 85.26M |
Days Payables Outstanding | - | - | - | - | 409.26 |
Short-Term Debt | 0 | 3.95M | 5.11M | -1.04M | 4.79M |
Deferred Revenue (Current) | 0 | 4.92M | 2.41M | 3.23M | 0 |
Other Current Liabilities | 2.62M | 4.28M | 18.37M | 10.53M | 1.42M |
Current Ratio | 14.69x | 13.38x | 13.83x | 11.77x | 13.67x |
Quick Ratio | 14.69x | 13.38x | 13.83x | 11.77x | 13.67x |
Cash Conversion Cycle | - | - | - | - | - |
Total Non-Current Liabilities | 1.08B | 1.26B | 3.78M | 11.22M | 12.36M |
Long-Term Debt | 0 | 0 | 0 | 0 | 0 |
Capital Lease Obligations | 0 | 3.79M | 2.25M | 9.84M | 10.38M |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 1.14M | 1.71M | 1.53M | 1.39M | 1.99M |
Total Liabilities | 1.11B | 1.31B | 51.94M | 82.11M | 103.84M |
Total Debt | 0 | 13.04M | 7.36M | 13.8M | 15.17M |
Net Debt | -242.54M | -303.23M | -418.6M | -522.17M | -280.26M |
Debt / Equity | - | - | 0.01x | 0.01x | 0.01x |
Debt / EBITDA | - | - | - | - | - |
Net Debt / EBITDA | - | - | - | - | - |
Interest Coverage | - | - | - | - | - |
Total Equity | -398.21M▲ 0% | -539.59M▼ 35.5% | 695.17M▲ 228.8% | 968.71M▲ 39.3% | 1.71B▲ 76.4% |
Equity Growth % | - | -35.5% | 228.83% | 39.35% | 76.42% |
Book Value per Share | -1.14 | -1.55 | 7.82 | 8.47 | 4.50 |
Total Shareholders' Equity | -402.1M | -551.49M | 684.03M | 951.12M | 1.65B |
Common Stock | 42K | 44K | 45K | 175K | 0 |
Retained Earnings | -466.55M | -614.66M | -739.53M | -1.29B | 0 |
Treasury Stock | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | 13.61M | -72K | 4.47M | 10.35M | 0 |
Minority Interest | 3.89M | 11.9M | 11.14M | 17.59M | 56.72M |
PONY Cash Flow Statement
Pony AI Inc. American Depositary Shares (PONY) cash flow — operating, investing & free cash flow history
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|
Cash from Operations | -146.34M | -154.58M | -115.32M | -110.81M | -164.96M |
Operating CF Margin % | -1802.86% | -226.05% | -160.39% | -147.7% | -182.8% |
Operating CF Growth % | - | -5.63% | 25.4% | 3.91% | -48.86% |
Net Income | -225M | -147.84M | -124.7M | -274.26M | -76.76M |
Depreciation & Amortization | 13.76M | 16.75M | 14.33M | 11.21M | 6.22M |
Stock-Based Compensation | 0 | 0 | 0 | 0 | 30.8M |
Deferred Taxes | 460.61K | -475.43K | -119.89K | 0 | 0 |
Other Non-Cash Items | 60.79M | 10.76M | 14.81M | 140.07M | -145.62M |
Working Capital Changes | 3.65M | -33.77M | -19.64M | 12.17M | 20.41M |
Change in Receivables | 336.44K | -26.5M | -16.35M | -656.33K | 998K |
Change in Inventory | 0 | 0 | 0 | 0 | 0 |
Change in Payables | 12.37M | 18.98M | -1.15M | 23.23M | 14.16M |
Cash from Investing | 56.46M | 56.8M | 136.38M | -181.36M | -889.16M |
Capital Expenditures | -25.43M | -12.02M | -5.09M | -11.4M | -43.88M |
CapEx % of Revenue | 313.31% | 17.57% | 7.07% | 15.2% | 48.62% |
Acquisitions | 1.56M | 8.05M | 868.24K | 52.03K | 0 |
Investments | - | - | - | - | - |
Other Investing | 0 | 0 | 0 | 0 | 24K |
Cash from Financing | 120.48M | 183.82M | 89.69M | 407.59M | 814.83M |
Debt Issued (Net) | 0 | 3.09M | -4.89M | -1.02M | 1.82M |
Equity Issued (Net) | 120.48M | 180.73M | 94.57M | 408.61M | 819.44M |
Dividends Paid | 0 | 0 | 0 | 0 | -6.43M |
Share Repurchases | 0 | -5.39M | -9.34M | 0 | 0 |
Other Financing | 0 | 0 | 0 | 0 | 0 |
Net Change in Cash | 242.54M▲ 0% | 75.53M▼ 68.9% | 107.94M▲ 42.9% | 109.99M▲ 1.9% | -240.46M▼ 318.6% |
Free Cash Flow | -171.77M▲ 0% | -166.6M▲ 3.0% | -120.41M▲ 27.7% | -122.22M▼ 1.5% | -208.83M▼ 70.9% |
FCF Margin % | -2116.17% | -243.62% | -167.47% | -162.9% | -231.42% |
FCF Growth % | - | 3.01% | 27.73% | -1.5% | -70.87% |
FCF per Share | -0.49 | -0.48 | -1.35 | -1.07 | -0.55 |
FCF Conversion (FCF/Net Income) | 0.65x | 1.04x | 0.92x | 0.40x | 1.23x |
Interest Paid | 0 | 0 | 0 | 0 | 0 |
Taxes Paid | 30K | 9K | 434K | 1K | 0 |
PONY Key Ratios
Pony AI Inc. American Depositary Shares (PONY) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Return on Equity (ROE) | - | - | -160.44% | -32.95% | -10.03% |
| Return on Invested Capital (ROIC) | - | - | -38.84% | -59.23% | -20.92% |
| Gross Margin | 77.74% | 46.89% | 23.48% | 15.2% | 15.73% |
| Net Margin | -2768.31% | -216.44% | -173.59% | -365.37% | -148.85% |
| Debt / Equity | - | - | 0.01x | 0.01x | 0.01x |
| FCF Conversion | 0.65x | 1.04x | 0.92x | 0.40x | 1.23x |
| Revenue Growth | - | 742.5% | 5.14% | 4.35% | 20.28% |
Related:PONY Dividend History·PONY Revenue History·PONY Price History·PONY P/E History·PONY Financial Ratios·PONY Institutional Holders
PONY Frequently Asked Questions
Pony AI Inc. American Depositary Shares (PONY) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Pony AI Inc. American Depositary Shares (PONY) reported $90.1M in revenue for fiscal year 2025. This represents a 1010% increase from $8.1M in 2021.
Pony AI Inc. American Depositary Shares (PONY) grew revenue by 20.3% over the past year. This is strong growth.
Pony AI Inc. American Depositary Shares (PONY) reported a net loss of $133.9M for fiscal year 2025.
Dividend & Returns
Yes, Pony AI Inc. American Depositary Shares (PONY) pays a dividend with a yield of 0.20%. This makes it attractive for income-focused investors.
Pony AI Inc. American Depositary Shares (PONY) has a return on equity (ROE) of -10.0%. Negative ROE indicates the company is unprofitable.
Pony AI Inc. American Depositary Shares (PONY) had negative free cash flow of $208.8M in fiscal year 2025, likely due to heavy capital investments.