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Pony AI Inc. American Depositary Shares (PONY) 10-Year Financial Performance & Capital Metrics

PONY • • Industrial / General
IndustrialsRental & LeasingVehicle Rental & LeasingCar Sharing & Mobility Platforms
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 $75M +4.3%
  • EBITDA -$277M -115.0%
  • Net Income -$274M -119.6%
  • EPS (Diluted) -2.40 -71.4%
  • Gross Margin 15.2% -35.3%
  • EBITDA Margin -369.43% -106.1%
  • Operating Margin -380.57% -91.0%
  • Net Margin -365.37% -110.5%
  • ROE -32.95% +79.5%
  • ROIC -59.23% -52.5%
  • Debt/Equity 0.01 +34.7%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free

✗Weaknesses

  • ✗Weak Piotroski F-Score: 1/9
  • ✗Negative free cash flow
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Shares diluted 28.5% 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.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y109.86%
TTM-6.66%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-27.41%

EPS CAGR

10Y-
5Y-
3Y-
TTM65.86%

ROCE

10Y Avg-27.56%
5Y Avg-27.56%
3Y Avg-26.17%
Latest-34.01%

Peer Comparison

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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
ZCARZoomcar Holdings, Inc.497K0.07-0.00-8%371.84%
PONYPony AI Inc. American Depositary Shares5.59B15.87-6.614.35%-312.46%-33.1%0.01

Profit & Loss

Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+8.12M68.39M71.9M75.03M
Revenue Growth %-7.43%0.05%0.04%
Cost of Goods Sold+1.81M36.32M55.02M63.62M
COGS % of Revenue0.22%0.53%0.77%0.85%
Gross Profit+6.31M32.06M16.88M11.4M
Gross Margin %0.78%0.47%0.23%0.15%
Gross Profit Growth %-4.08%-0.47%-0.32%
Operating Expenses+221.62M202.78M160.12M296.93M
OpEx % of Revenue27.3%2.97%2.23%3.96%
Selling, General & Admin51.02M49.18M37.42M56.75M
SG&A % of Revenue6.29%0.72%0.52%0.76%
Research & Development170.6M153.6M122.71M240.18M
R&D % of Revenue21.02%2.25%1.71%3.2%
Other Operating Expenses0000
Operating Income+-215.31M-170.72M-143.24M-285.52M
Operating Margin %-26.53%-2.5%-1.99%-3.81%
Operating Income Growth %-0.21%0.16%-0.99%
EBITDA+-201.56M-153.94M-128.9M-277.16M
EBITDA Margin %-24.83%-2.25%-1.79%-3.69%
EBITDA Growth %-0.24%0.16%-1.15%
D&A (Non-Cash Add-back)13.74M16.77M14.34M8.36M
EBIT-215.31M-170.72M-143.24M-285.52M
Net Interest Income+3.6M8.89M19.39M20.38M
Interest Income3.61M8.88M19.37M20.39M
Interest Expense0000
Other Income/Expense-8.85M22.39M17.79M10.52M
Pretax Income+-224.16M-148.32M-125.45M-275M
Pretax Margin %-27.62%-2.17%-1.74%-3.67%
Income Tax+547K-74K-126K1K
Effective Tax Rate %1%1%0.99%1%
Net Income+-224.7M-148.02M-124.81M-274.12M
Net Margin %-27.68%-2.16%-1.74%-3.65%
Net Income Growth %-0.34%0.16%-1.2%
Net Income (Continuing)-224.7M-148.25M-125.33M-275.01M
Discontinued Operations0000
Minority Interest3.89M11.9M11.14M17.59M
EPS (Diluted)+-0.64-0.42-1.40-2.40
EPS Growth %-0.34%-2.33%-0.71%
EPS (Basic)-0.64-0.42-0.36-2.40
Diluted Shares Outstanding348.96M348.96M88.93M114.32M
Basic Shares Outstanding348.96M348.96M348.96M114.32M
Dividend Payout Ratio----

Balance Sheet

Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+442.14M643.57M666.35M834.62M
Cash & Short-Term Investments418.75M577.9M589.55M745.01M
Cash Only242.54M316.26M425.96M535.98M
Short-Term Investments176.21M261.64M163.59M209.03M
Accounts Receivable2.17M34.2M37.23M36.88M
Days Sales Outstanding97.53182.56189179.41
Inventory0000
Days Inventory Outstanding----
Other Current Assets21.22M31.46M39.56M52.73M
Total Non-Current Assets+266.8M127.94M80.77M216.2M
Property, Plant & Equipment33.1M33.77M19.43M36.55M
Fixed Asset Turnover0.25x2.02x3.70x2.05x
Goodwill0000
Intangible Assets811K1.19M2.4M-5.97M
Long-Term Investments227.17M80.65M51.71M130.8M
Other Non-Current Assets5.71M12.33M7.22M54.82M
Total Assets+708.94M771.51M747.12M1.05B
Asset Turnover0.01x0.09x0.10x0.07x
Asset Growth %-0.09%-0.03%0.41%
Total Current Liabilities+30.11M48.1M48.16M70.89M
Accounts Payable0000
Days Payables Outstanding----
Short-Term Debt03.95M5.11M-1.04M
Deferred Revenue (Current)01000K1000K1000K
Other Current Liabilities2.62M4.28M18.37M10.53M
Current Ratio14.69x13.38x13.83x11.77x
Quick Ratio14.69x13.38x13.83x11.77x
Cash Conversion Cycle----
Total Non-Current Liabilities+1.08B1.26B3.78M11.22M
Long-Term Debt0000
Capital Lease Obligations03.79M2.25M9.84M
Deferred Tax Liabilities0000
Other Non-Current Liabilities1.14M1.71M1.53M1.39M
Total Liabilities1.11B1.31B51.94M82.11M
Total Debt+013.04M7.36M13.8M
Net Debt-242.54M-303.23M-418.6M-522.17M
Debt / Equity--0.01x0.01x
Debt / EBITDA----
Net Debt / EBITDA----
Interest Coverage----
Total Equity+-398.21M-539.59M695.17M968.71M
Equity Growth %--0.36%2.29%0.39%
Book Value per Share-1.14-1.557.828.47
Total Shareholders' Equity-402.1M-551.49M684.03M951.12M
Common Stock42K44K45K175K
Retained Earnings-466.55M-614.66M-739.53M-1.29B
Treasury Stock0000
Accumulated OCI13.61M-72K4.47M10.35M
Minority Interest3.89M11.9M11.14M17.59M

Cash Flow

Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-146.34M-154.58M-115.32M-110.81M
Operating CF Margin %-18.03%-2.26%-1.6%-1.48%
Operating CF Growth %--0.06%0.25%0.04%
Net Income-225M-147.84M-124.7M-274.26M
Depreciation & Amortization13.76M16.75M14.33M11.21M
Stock-Based Compensation0000
Deferred Taxes460.61K-475.43K-119.89K0
Other Non-Cash Items60.79M10.76M14.81M140.07M
Working Capital Changes3.65M-33.77M-19.64M12.17M
Change in Receivables336.44K-26.5M-16.35M-656.33K
Change in Inventory0000
Change in Payables12.37M18.98M-1.15M23.23M
Cash from Investing+56.46M56.8M136.38M-181.36M
Capital Expenditures-25.43M-12.02M-5.09M-11.4M
CapEx % of Revenue3.13%0.18%0.07%0.15%
Acquisitions----
Investments----
Other Investing0000
Cash from Financing+120.48M183.82M89.69M407.59M
Debt Issued (Net)----
Equity Issued (Net)----
Dividends Paid0000
Share Repurchases----
Other Financing0000
Net Change in Cash----
Free Cash Flow+-171.77M-166.6M-120.41M-122.22M
FCF Margin %-21.16%-2.44%-1.67%-1.63%
FCF Growth %-0.03%0.28%-0.02%
FCF per Share-0.49-0.48-1.35-1.07
FCF Conversion (FCF/Net Income)0.65x1.04x0.92x0.40x
Interest Paid0000
Taxes Paid30K9K434K1K

Key Ratios

Metric2021202220232024
Return on Equity (ROE)---160.44%-32.95%
Return on Invested Capital (ROIC)---38.84%-59.23%
Gross Margin77.74%46.89%23.48%15.2%
Net Margin-2768.31%-216.44%-173.59%-365.37%
Debt / Equity--0.01x0.01x
FCF Conversion0.65x1.04x0.92x0.40x
Revenue Growth-742.5%5.14%4.35%

Revenue by Segment

2024
Virtual Driver Operation Services39.43M
Virtual Driver Operation Services Growth-
Engineering Solution Services27.98M
Engineering Solution Services Growth-
Product7.61M
Product Growth-

Revenue by Geography

2024
UNITED STATES75.03M
UNITED STATES Growth-

Frequently Asked Questions

Growth & Financials

Pony AI Inc. American Depositary Shares (PONY) reported $86.0M in revenue for fiscal year 2024. This represents a 960% increase from $8.1M in 2021.

Pony AI Inc. American Depositary Shares (PONY) grew revenue by 4.3% over the past year. Growth has been modest.

Pony AI Inc. American Depositary Shares (PONY) reported a net loss of $268.8M for fiscal year 2024.

Dividend & Returns

Pony AI Inc. American Depositary Shares (PONY) has a return on equity (ROE) of -32.9%. Negative ROE indicates the company is unprofitable.

Pony AI Inc. American Depositary Shares (PONY) had negative free cash flow of $56.8M in fiscal year 2024, likely due to heavy capital investments.

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