Pony AI Inc. American Depositary Shares (PONY) Revenue History
Annual and quarterly revenue from 2021 to present
PONY Revenue Over Time (2021–2025)
PONY Revenue Growth History
4 of 4 years with positive growth- FY2021 revenue growth
- N/A
- FY2022 revenue growth
- +742.5%
- FY2023 revenue growth
- +5.1%
- FY2024 revenue growth
- +4.3%
- FY2025 revenue growth
- +20.3%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $29.3M | +16.3% |
| Q3 2025 | $25.4M | +1.2% |
| Q2 2025 | $21.5M | -13.1% |
| Q1 2025 | $14.0M | +11.6% |
| Q4 2024 | $25.2M | -15.6% |
| Q3 2024 | $25.2M | -15.6% |
| Q2 2024 | $24.7M | +301.8% |
| Q1 2024 | $12.5M | +103.8% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
PONY's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
PONY Revenue Analysis (2021–2025)
Current Revenue & Growth
As of June 13, 2026, Pony AI Inc. American Depositary Shares (PONY) generated trailing twelve-month (TTM) revenue of $90.1 million, reflecting strong growth of +16.3% year-over-year. The most recent quarter (Q4 2025) recorded $29.3 million in revenue, up 15.0% sequentially.
Historical Growth Trajectory
PONY's historical revenue data shows a 3-year CAGR of +9.7%. Pony AI Inc. American Depositary Shares's highest annual revenue of $90.2 million was recorded in 2025, an all-time high.
Revenue by Segment
PONY's revenue is primarily driven by Product (67%), and Engineering Solution Services (33%). With over half of revenue concentrated in Product, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Industrials sector peers — including MBLY (+8.7% YoY), LAZR (-12.4% YoY), and LIDR (+9.8% YoY) — PONY has underperformed the peer group in revenue growth. Compare PONY vs MBLY →
PONY Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
 PONYCurrent | $90M | +16.3% | - | -289.8% | |
 MBLY | $1.9B | +8.7% | +14.4% | -23.2% | |
 LAZR | $66M | -12.4% | +36.5% | -449.6% | |
 LIDR | $233,000 | +9.8% | -31.8% | -13618.5% | |
 INVZ | $55M | +29.6% | - | -123.0% | |
 OUST | $169M | +57.3% | +55.0% | -43.7% |
PONY Historical Revenue Data (2021–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $90.2M | +20.3% | $14.2M | 15.7% | $-261,546,897 | -289.8% |
| 2024 | $75.0M | +4.3% | $11.4M | 15.2% | $-285,523,000 | -380.6% |
| 2023 | $71.9M | +5.1% | $16.9M | 23.5% | $-143,240,000 | -199.2% |
| 2022 | $68.4M | +742.5% | $32.1M | 46.9% | $-170,715,000 | -249.6% |
| 2021 | $8.1M | - | $6.3M | 77.7% | $-215,305,000 | -2652.5% |
What if you invested $1,000 in PONY back in 2021?
Total return with dividends reinvested · 5+ years of data
Calculate ReturnsHow much would $100/month in PONY be worth today?
Dollar cost averaging vs lump sum · see how regular investing compounds over time
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Compare NowPONY — Frequently Asked Questions
Quick answers to the most common questions about buying PONY stock.
Is PONY's revenue growth accelerating or slowing?
PONY revenue growth is accelerating. TTM revenue reached $90M, up +16.3% year-over-year — ahead of the 5-year CAGR of N/A. This indicates the business is expanding faster than its historical baseline.
What is PONY's revenue history from 2021 to 2026?
Pony AI Inc. American Depositary Shares (PONY) revenue history spans 2021 to 2026. TTM revenue as of 2026 is $90M, growing at +16.3% YoY. The 5-year CAGR is N/A. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is PONY's long-term revenue growth rate (CAGR)?
Pony AI Inc. American Depositary Shares's 5-year revenue CAGR of N/A reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +16.3% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for PONY.
Why does PONY's quarterly revenue fluctuate?
PONY quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Pony AI Inc. American Depositary Shares's revenue data from 2021 to 2026 shows full historical quarterly detail on this page.
How is PONY's revenue distributed by segment?
PONY reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does PONY's revenue compare to industry peers?
Pony AI Inc. American Depositary Shares (PONY) with TTM revenue of $90M and +16.3% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.