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Stocks · Technology · Services-Computer Integrated Systems Design

Pony AI Inc.

PONY Clue Score40
Cayman Islands Fiscal year ends December CIK 0001969302
$6.04 +4.86% Close, 9 Oct 2026
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Price $6.04 −72.84% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 27 Nov 2024. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2022Revenue68.4Operating income−170.7Net income−148.0EPS, diluted−1.73Fiscal year 2023Revenue71.9 +5.1%Operating income−143.2Net income−124.8EPS, diluted−1.40Fiscal year 2024Revenue75.0 +4.3%Operating income−285.5Net income−274.1EPS, diluted−2.40Fiscal year 2025Revenue90.0 +20.0%Operating income−260.9Net income−134.0EPS, diluted−0.35
FY2022FY2023FY2024FY2025
Revenue 68.4 71.9 75.0 90.0
Growth +5.1% +4.3% +20.0%
Operating income −170.7 −143.2 −285.5 −260.9
Net income −148.0 −124.8 −274.1 −134.0
Growth
EPS, diluted −1.73 −1.40 −2.40 −0.35

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2022Gross margin46.9%Operating margin−249.6%Net margin−216.4%Free cash flow margin−243.9%Fiscal year 2023Gross margin23.5%Operating margin−199.2%Net margin−173.6%Free cash flow margin−167.6%Fiscal year 2024Gross margin15.2%Operating margin−380.6%Net margin−365.4%Free cash flow margin−162.8%Fiscal year 2025Gross margin15.7%Operating margin−289.8%Net margin−148.9%Free cash flow margin−232.0%
FY2022FY2023FY2024FY2025
Gross margin 46.9% 23.5% 15.2% 15.7%
Operating margin −249.6% −199.2% −380.6% −289.8%
Net margin −216.4% −173.6% −365.4% −148.9%
Free cash flow margin −243.9% −167.6% −162.8% −232.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2022Operating cash flow−154.8Capital expenditure−12.0Free cash flow−166.8Fiscal year 2023Operating cash flow−115.4Capital expenditure−5.1Free cash flow−120.5Buybacks−1.0Fiscal year 2024Operating cash flow−110.8Capital expenditure−11.4Free cash flow−122.2Fiscal year 2025Operating cash flow−165.0Capital expenditure−43.9Free cash flow−208.8
FY2022FY2023FY2024FY2025
Operating cash flow −154.8 −115.4 −110.8 −165.0
Capital expenditure −12.0 −5.1 −11.4 −43.9
Free cash flow −166.8 −120.5 −122.2 −208.8
Growth
Buybacks n/a −1.0 n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2022Cash316.3Shareholders’ equity−551.5Fiscal year 2023Cash426.0Shareholders’ equity−677.3Fiscal year 2024Cash536.0Shareholders’ equity951.1Fiscal year 2025Cash293.5Shareholders’ equity1,652.3
FY2022FY2023FY2024FY2025
Cash 316.3 426.0 536.0 293.5
Shareholders’ equity −551.5 −677.3 951.1 1,652.3

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025† 31 Dec 2025
Revenue and profit
68.4 71.9 75.0 90.0
Growth +5.1% +4.3% +20.0%
36.3 55.0 63.6 75.8
32.1 16.9 11.4 14.2
Growth −47.3% −32.5% +24.2%
153.6 122.7 240.2 217.4
49.2 37.4 56.7 57.6
−170.7 −143.2 −285.5 −260.9
Growth
−148.3 −125.5 −275.0 −76.8
−0.1 −0.1 0.0 n/a
−148.0 −124.8 −274.1 −134.0
Growth
Per share
−1.73 −1.40 −2.40 −0.35
−1.73 −1.40 −2.40 −0.35
Growth
85.3 89.1 114.3 379.9
85.3 89.1 114.3 379.9
Growth +4.4% +28.3% +232.3%

† The diluted share count jumps at 2025, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • A net loss in 4 of 4 years on file.