Pony AI Inc. Class A logo

Pony AI Inc. Class A

2026.HK

HKSETechnologySoftware - Application

Latest quote

HK$61.40

−HK$0.15 · -0.24%

Aug 24, 4:08 PM HKT

2026.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Pony AI Inc. and its subsidiaries specialize in developing and deploying autonomous mobility technologies, serving markets in both the People's Republic of China and globally. The company offers advanced robotaxi services, providing comprehensive autonomous vehicle (AV) engineering support to original equipment manufacturers (OEMs) and transportation network companies (TNCs). This support includes the development, deployment, and maintenance of AV software, vehicle integration and engineering, and extensive road-testing services. In addition to passenger transport, Pony AI also provides robotruck services, delivering automated freight solutions to logistics platforms. Furthermore, the company operates a licensing and applications division that focuses on intelligent solutions for privately-owned vehicles. This segment includes intelligent driving software, proprietary vehicle domain controller products, and data analytics tools. It also offers vehicle integration, software development, and licensing services, alongside Vehicle-to-Everything (V2X) products and services designed to boost road safety. Pony AI's diverse client portfolio consists of automotive OEMs, TNCs, logistics platforms, and suppliers of sensor and hardware components. The company, established in 2016, is headquartered in Guangzhou, China.

Industry
Software - Application
Sector
Technology
Headquarters
CN
CEO
Jun Peng
Listed since
Nov 6, 2025
Employees
1,669

Market position

Day range

Current HK$61.40

52-week range

Current HK$61.40

Open
HK$64.40
Previous close
HK$61.55
Volume
945.3K
1.1× average
Average volume
861.82K
Average daily volume
Market cap
26.62B HKD
Beta
2.02
Market reference 1
50-day average
HK$58.796
+4.43% above average
200-day average
HK$88.781
-30.84% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
5.5B USD
P/E (TTM)
-21.76×
P/B (TTM)
2.16×
P/S (TTM)
27.17×
EV / EBITDA
-21.6×
Earnings yield
-2.32%
Free cash flow yield
-3.62%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
16.23%
Operating margin
-214.05%
Net margin
-118.46%
Return on equity
-8.11%
Return on assets
-7.39%
Return on invested capital
-14.99%

Financial health

Debt / equity
0.01×
Current ratio
13.67×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends351%-741%-1833%-2926%Gross margin, FY2021: 77.74%Gross margin, FY2022: 46.89%Gross margin, FY2023: 23.48%Gross margin, FY2024: 15.20%Gross margin, FY2025: 15.73%Operating margin, FY2021: -2652.52%Operating margin, FY2022: -249.63%Operating margin, FY2023: -199.22%Operating margin, FY2024: -380.57%Operating margin, FY2025: -289.84%Net margin, FY2021: -353.85%Net margin, FY2022: -216.44%Net margin, FY2023: -173.59%Net margin, FY2024: -365.37%Net margin, FY2025: -148.85%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 77.74%. Gross margin FY2022 46.89%. Gross margin FY2023 23.48%. Gross margin FY2024 15.20%. Gross margin FY2025 15.73%. Operating margin FY2021 -2652.52%. Operating margin FY2022 -249.63%. Operating margin FY2023 -199.22%. Operating margin FY2024 -380.57%. Operating margin FY2025 -289.84%. Net margin FY2021 -353.85%. Net margin FY2022 -216.44%. Net margin FY2023 -173.59%. Net margin FY2024 -365.37%. Net margin FY2025 -148.85%.

Income trends

Revenue

90M USD+19.96%

Operating income

−260.86M USD+8.64%

Net income

−133.97M USD+51.13%
Income trends across reported periods266.86M USD−440.59M USD−1.15B USD−1.86B USDRevenue, FY2021: 63.28M USDRevenue, FY2022: 68.39M USDRevenue, FY2023: 71.9M USDRevenue, FY2024: 75.03M USDRevenue, FY2025: 90M USDOperating income, FY2021: −1.68B USDOperating income, FY2022: −170.72M USDOperating income, FY2023: −143.24M USDOperating income, FY2024: −285.52M USDOperating income, FY2025: −260.86M USDNet income, FY2021: −223.93M USDNet income, FY2022: −148.02M USDNet income, FY2023: −124.81M USDNet income, FY2024: −274.12M USDNet income, FY2025: −133.97M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 63.28M USD. Revenue FY2022 68.39M USD. Revenue FY2023 71.9M USD. Revenue FY2024 75.03M USD. Revenue FY2025 90M USD. Operating income FY2021 −1.68B USD. Operating income FY2022 −170.72M USD. Operating income FY2023 −143.24M USD. Operating income FY2024 −285.52M USD. Operating income FY2025 −260.86M USD. Net income FY2021 −223.93M USD. Net income FY2022 −148.02M USD. Net income FY2023 −124.81M USD. Net income FY2024 −274.12M USD. Net income FY2025 −133.97M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue90M USD75.03M USD71.9M USD68.39M USD63.28M USD
Cost of goods sold75.84M USD63.62M USD55.02M USD36.32M USD14.09M USD
Gross profit14.16M USD11.4M USD16.88M USD32.06M USD49.2M USD
Research and development217.42M USD240.18M USD122.71M USD153.6M USD157.93M USD
Selling, general, and administrative57.6M USD56.75M USD37.42M USD49.18M USD50.84M USD
Operating expenses275.02M USD296.93M USD160.12M USD202.78M USD1.73B USD
Interest income43.05M USD19.43M USD8.92M USD3.59M USD
Depreciation and amortization6.22M USD8.36M USD14.34M USD16.77M USD107.14M USD
Operating income−260.86M USD−285.52M USD−143.24M USD−170.72M USD−1.68B USD
Net income−133.97M USD−274.12M USD−124.81M USD−148.02M USD−223.93M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
2 beats, 0 misses, 0 met estimates
Average EPS surprise
+88.71%
2 comparable reports
Latest EPS result
-0.14
Estimate -1.32 · Beat by 89.37%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates-0.1-0.57-1.04-1.51Q2 '25No estimateQ3 '25No estimateQ4 '25No estimateQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q2 2025, reported May 20, 2025: actual -0.939, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 12, 2025: actual -1.1, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 25, 2025: actual -1.24, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 26, 2026: actual -0.12, estimate -1, surprise +88.05%, Beat. Q3 2026, reported Aug 18, 2026: actual -0.14, estimate -1.32, surprise +89.37%, Beat. Q4 2026, reported Dec 1, 2026: actual —, estimate -1.41, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates320.1M223.1M126.1M29.09MQ2 '25No estimateQ3 '25MissQ4 '25BeatQ2 '26MissQ3 '26MissQ4 '26Estimate
Q2 2025, reported May 20, 2025: actual 109.43M HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 12, 2025: actual 168.42M HKD, estimate 178.95M HKD, surprise -5.88%, Miss. Q4 2025, reported Nov 25, 2025: actual 197.87M HKD, estimate 178.95M HKD, surprise +10.57%, Beat. Q2 2026, reported May 26, 2026: actual 34.23M HKD, estimate 174.52M HKD, surprise -80.39%, Miss. Q3 2026, reported Aug 18, 2026: actual 36.22M HKD, estimate 263.86M HKD, surprise -86.27%, Miss. Q4 2026, reported Dec 1, 2026: actual —, estimate 298.93M HKD, surprise —, Comparison unavailable.

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