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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

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
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Fiscal year FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
46.9% 23.5% 15.2% 15.7%
−249.6% −199.2% −380.6% −289.8%
−216.9% −174.5% −366.6% −85.3%
−216.4% −173.6% −365.4% −148.9%
−243.9% −167.6% −162.8% −232.0%
Spending
224.6% 170.7% 320.1% 241.6%
71.9% 52.0% 75.6% 64.0%
17.6% 7.1% 15.2% 48.7%
Returns
n/a n/a −28.8% −8.1%
−19.2% −16.7% −26.1% −7.4%
Balance and payout
6.9% 7.0% 7.8% 5.7%