Pony AI Inc. (PONY) Stock Analysis
Technology · Information Technology Services · NasdaqGS
Pony AI Inc. (PONY) posted $90.00M in revenue for fiscal 2025 (up 20.0% year over year), with a net loss of $133.97M, and has compounded revenue about 9.6%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Pony AI Inc.
Pony AI Inc. has grown revenue from $68.39M to $90.00M over the last 4 fiscal years, compounding about 9.6% a year. The most recent year was up 20%, so growth is actually accelerating.
Net margin sits at -148.9%, up 216.5 points year over year on a 15.7% gross margin. It carries about $13.18M of total debt.
The one thing worth a second look in the filings is share count rising (dilution).
Synthesised from Pony AI Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Pony AI Inc. revenue & earnings — last 4 fiscal years
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $68.39M | $71.90M | $75.03M | $90.00M |
| Gross profit | $32.06M | $16.88M | $11.40M | $14.16M |
| Net income | $-148.02M | $-124.81M | $-274.12M | $-133.97M |
| Net margin | -216.4% | -173.6% | -365.4% | -148.9% |
Source: Pony AI Inc. SEC filings (10-K).
Pony AI Inc.: 3 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Share count rising (dilution)Shares outstanding grew 24.2% over 3 years (349M → 433.5M) — existing holders' stakes are being diluted.
- Debt with negative operating cash flowCarries $26.4M of debt while last year's operating cash flow was negative ($-165M).
- Currently unprofitableThe latest fiscal year was a net loss (net margin -148.9%).
Explore 4 years of Pony AI Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Pony AI Inc. financial history by metric
About Pony AI Inc.
Pony AI Inc., through its subsidiaries, engages in the autonomous mobility business in the People's Republic of China and internationally. The company provides robotaxi services that include autonomous vehicle (AV) engineering solutions, such as AV software deployment and maintenance; vehicle integration and engineering; and road-testing services to original equipment manufacturers and transportation network companies. It also offers robotruck services that provide transportation services to logistics platforms. In addition, the company engages in the licensing and applications business that comprises 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's customers include OEMs and TNCs; OEMs and logistics platforms; and sensor and hardware component suppliers. Pony AI Inc. was incorporated in 2016 and is based in Guangzhou, the People's Republic of China.
Pony AI Inc. — frequently asked questions
What is Pony AI Inc.'s revenue?
Pony AI Inc. (PONY) reported revenue of $90.00M for fiscal year 2025, up 20.0% from the prior year, according to its SEC filings.
Is Pony AI Inc. profitable?
No — PONY reported a net loss of $-133.97M in fiscal 2025.
What is PONY's P/E ratio?
Pony AI Inc. trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is Pony AI Inc. growing?
PONY's revenue grew at roughly 9.6% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Pony AI Inc. have?
As of fiscal year 2025, PONY carried roughly $13.18M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Pony AI Inc.'s gross margin?
PONY's gross margin was 15.7% in fiscal 2025 — gross profit of $14.16M on revenue of $90.00M.
What is Pony AI Inc.'s market cap?
Pony AI Inc. (PONY) has a market capitalization of about $3.52B, based on the latest data in our nightly-refreshed cache.
When does Pony AI Inc.'s fiscal year end?
PONY's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Pony AI Inc.'s official SEC filings (10-K and 10-Q), covering 4 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.