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Pony AI Inc. American Depositary Shares (PONY) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

TECHNOLOGY · INFORMATION TECHNOLOGY SERVICES · DATA UPDATED 2026-09-12

Pony AI Inc. American Depositary Shares (PONY) operates in the INFORMATION TECHNOLOGY SERVICES industry and is headquartered in Guangzhou, China with about 1,669 employees. Its market capitalization is roughly $3 billion. In the fiscal year ended 2025-12-31, PONY reported $90M in revenue and ($134M) in net income.

Pony AI Inc., through its subsidiaries, engages in the autonomous mobility business in the People's Republic of China and internationally.

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PONY Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-31
Total Revenue$125M$90M$75M$72M$68M$8M
Gross Profit$20M$14M$11M$17M$32M$6M
Gross Margin %16.2%15.7%15.2%23.5%46.9%77.7%
Operating Income (EBIT)($268M)($262M)($286M)($143M)($171M)($215M)
Operating Margin %-214.1%-289.8%-380.6%-199.2%-249.6%-2652.5%
Net Income($148M)($134M)($274M)($125M)($148M)($225M)
Net Margin %-118.3%-148.8%-365.4%-173.6%-216.4%-2768.3%
EBITDA($247M)($71M)($267M)($111M)($132M)($210M)
Earnings Per Share (EPS)$-0.36$-0.35$-2.40$-1.40$-0.42$-0.64
Shares Outstanding (M)434M380M114M89M349M349M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

PONY Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$36M$34M$29M$25M$21M$14M$36M$25M
Gross Profit$6M$6M$4M$5M$3M$2M$7M$4M
Gross Margin %17.5%16.2%12.8%18.4%16.1%16.6%21.0%17.5%
Operating Income (EBIT)($66M)($58M)($74M)($70M)($61M)($56M)($173M)($107M)
Operating Margin %-181.5%-170.3%-253.6%-273.9%-285.6%-400.9%-487.4%-425.0%
Net Income($60M)($50M)$24M($61M)($53M)($43M)($181M)($111M)
Net Margin %-165.2%-147.2%80.5%-241.0%-247.5%-307.5%-509.4%-442.9%
EBITDA($64M)($54M)($74M)($55M)($52M)($35M)($110M)
Earnings Per Share (EPS)$-0.14$-0.12$0.06$-0.16$-0.14$-0.12$-0.52$-0.79
Shares Outstanding (M)434M434M422M385M367M352M350M141M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

PONY Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-31
Cash from Operations (CFO)($204M)($165M)($111M)($115M)($155M)($146M)
Capital Expenditures (CapEx)$102M$44M$11M$5M$12M$25M
Free Cash Flow (FCF)($305M)($209M)($122M)($120M)($167M)($172M)
FCF Margin %-243.8%-231.4%-162.9%-167.5%-243.6%-2116.2%
Dividends Paid$6M$0M$0M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

PONY Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)($44M)($74M)($29M)($57M)($25M)($54M)($31M)($26M)
Capital Expenditures (CapEx)$32M$12M$0M$57M$14M$11M$0M$5M
Free Cash Flow (FCF)($76M)($87M)($29M)($114M)($40M)($66M)($31M)($31M)
FCF Margin %-210.3%-253.1%-97.7%-446.8%-185.8%-469.0%-87.3%-121.5%
Dividends Paid$6M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

PONY Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-31
Total Assets$1.7B$1.8B$1.1B$747M$772M$709M
Cash & Cash Equivalents$327M$295M$536M$426M$316M$243M
Total Liabilities$93M$104M$82M$52M$54M$1.1B
Total Debt (Short + Long-Term)$6M$19M$4M$5M$9M$0M
Total Shareholders' Equity$1.6B$1.7B$951M$684M$706M($402M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive PONY viewer.

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