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Pony AI Inc. American Depositary Shares logo

Pony AI Inc. American Depositary Shares

PONY

NASDAQTechnologySoftware - Application

Open in GoAI

Previous close

$8.23

+$0.485 · +6.26%

Aug 21, 4:00 PM ET

PONY company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

50

Fair Value

Momentum

22

Weakening

Sentiment

57

Mixed

Risk resilience

10

Extreme Risk

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Company profile

Company website

Pony AI Inc., operating through its subsidiaries, specializes in autonomous mobility solutions across the People's Republic of China and the United States. The company delivers automated trucking services, assisting logistics platforms with freight transportation. Furthermore, Pony AI provides robotaxi offerings, which encompass a full spectrum of autonomous vehicle (AV) engineering support, including the deployment and upkeep of AV software, vehicle system integration and engineering, and extensive road testing. It also operates commercial, fare-charging robotaxi services. Beyond these, the company develops intelligent solutions for personally-owned vehicles, comprising advanced driving software, its own proprietary vehicle domain controllers, and data analytics tools. Its services further extend to vehicle integration, software development, and licensing. To enhance road safety, Pony AI also offers vehicle-to-everything (V2X) products and related services. Established in 2016, Pony AI Inc. is headquartered in Guangzhou, China.

Industry
Software - Application
Sector
Technology
Headquarters
CN
CEO
Jun Peng
Listed since
Nov 27, 2024
Employees
1,669

Market position

Day range

Current $8.23

52-week range

Current $8.23

Open
$7.855
Previous close
$7.745
Volume
3.53M
0.84× average
Average volume
4.18M
Average daily volume
Market cap
2.91B USD
Beta
3.94
Market reference 1
50-day average
$7.5122
+9.56% above average
200-day average
$11.2868
-27.08% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
5.24B USD
P/E (TTM)
-22.66×
P/B (TTM)
2.26×
P/S (TTM)
23.23×
EV / EBITDA
-74.1×
Earnings yield
-2.44%
Free cash flow yield
-3.79%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
16.23%
Operating margin
-214.08%
Net margin
-118.27%
Return on equity
-8.13%
Return on assets
-7.41%
Return on invested capital
-15.03%

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 trends362%-776%-1914%-3053%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: -2768.31%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 -2768.31%. Net margin FY2022 -216.44%. Net margin FY2023 -173.59%. Net margin FY2024 -365.37%. Net margin FY2025 -148.85%.

Income trends

Revenue

90.24M USD+20.28%

Operating income

−261.55M USD+8.40%

Net income

−134.32M USD+51.00%
Income trends across reported periods127.82M USD−22.49M USD−172.79M USD−323.1M USDRevenue, FY2021: 8.12M USDRevenue, FY2022: 68.39M USDRevenue, FY2023: 71.9M USDRevenue, FY2024: 75.03M USDRevenue, FY2025: 90.24M USDOperating income, FY2021: −215.31M USDOperating income, FY2022: −170.72M USDOperating income, FY2023: −143.24M USDOperating income, FY2024: −285.52M USDOperating income, FY2025: −261.55M USDNet income, FY2021: −224.7M USDNet income, FY2022: −148.02M USDNet income, FY2023: −124.81M USDNet income, FY2024: −274.12M USDNet income, FY2025: −134.32M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 8.12M USD. Revenue FY2022 68.39M USD. Revenue FY2023 71.9M USD. Revenue FY2024 75.03M USD. Revenue FY2025 90.24M USD. Operating income FY2021 −215.31M USD. Operating income FY2022 −170.72M USD. Operating income FY2023 −143.24M USD. Operating income FY2024 −285.52M USD. Operating income FY2025 −261.55M USD. Net income FY2021 −224.7M USD. Net income FY2022 −148.02M USD. Net income FY2023 −124.81M USD. Net income FY2024 −274.12M USD. Net income FY2025 −134.32M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue90.24M USD75.03M USD71.9M USD68.39M USD8.12M USD
Cost of goods sold76.04M USD63.62M USD55.02M USD36.32M USD1.81M USD
Gross profit14.2M USD11.4M USD16.88M USD32.06M USD6.31M USD
Research and development217.99M USD240.18M USD122.71M USD153.6M USD170.6M USD
Selling, general, and administrative57.75M USD56.75M USD37.42M USD49.18M USD51.02M USD
Operating expenses275.75M USD296.93M USD160.12M USD202.78M USD221.62M USD
Interest income43.1M USD20.39M USD19.37M USD8.88M USD3.61M USD
Depreciation and amortization6.22M USD8.36M USD14.34M USD16.77M USD13.74M USD
Operating income−261.55M USD−285.52M USD−143.24M USD−170.72M USD−215.31M USD
Net income−134.32M USD−274.12M USD−124.81M USD−148.02M USD−224.7M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
60%
3 beats, 1 miss, 1 met estimate
Average EPS surprise
+5.01%
5 comparable reports
Latest EPS result
-0.14
Estimate -0.15 · Beat by 5.19%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates-0.04-0.14-0.25-0.35Q1 '25No estimateQ2 '25No estimateQ3 '25No estimateQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 25, 2025: actual -0.31, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 20, 2025: actual -0.1, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 12, 2025: actual -0.13, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 25, 2025: actual -0.14, estimate -0.197, surprise +28.87%, Beat. Q1 2026, reported Mar 26, 2026: actual -0.053, estimate -0.048, surprise -9.99%, Miss. Q2 2026, reported May 26, 2026: actual -0.12, estimate -0.121, surprise +0.96%, Beat. Q3 2026, reported Aug 18, 2026: actual -0.14, estimate -0.148, surprise +5.19%, Beat. Q4 2026, reported Nov 24, 2026: actual —, estimate -0.173, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates40.73M31.15M21.57M12MQ1 '25No estimateQ2 '25No estimateQ3 '25No estimateQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 25, 2025: actual 35.52M USD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 20, 2025: actual 13.98M USD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 12, 2025: actual 21.46M USD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 25, 2025: actual 25.44M USD, estimate 23.69M USD, surprise +7.40%, Beat. Q1 2026, reported Mar 26, 2026: actual 29.11M USD, estimate 24.62M USD, surprise +18.23%, Beat. Q2 2026, reported May 26, 2026: actual 34.25M USD, estimate 22.3M USD, surprise +53.56%, Beat. Q3 2026, reported Aug 18, 2026: actual 36.22M USD, estimate 34.45M USD, surprise +5.14%, Beat. Q4 2026, reported Nov 24, 2026: actual —, estimate 38.75M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

3 ratings

Limited analyst sample: 3 ratings. Interpret the distribution with caution.

Strong buy00%
Buy267%
Hold133%
Sell00%
Strong sell00%

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