Pony AI Inc. PONY AI
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.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
No notable strengths flagged.
CONS
- Trading 58.3% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | PONY Pony AI Inc. AI | 10.03 | - | $4.35B | - | -15.15% | -7.18% | 9.59% | 3.16% |
| 2 | NVDA NVIDIA Corporation NDXSPXAI | 211.14 | 32.38 | $5.11T | 0.47% | 81.14% | 114.29% | 100.05% | 201.80% |
| 3 | AAPL Apple Inc. NDXSPX | 312.06 | 37.73 | $4.58T | 0.35% | 68.72% | 141.47% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXAI | 450.24 | 26.82 | $3.34T | 0.81% | 26.37% | 34.01% | 12.42% | 11.87% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AI | 418.45 | 35.86 | $2.17T | 0.91% | 32.04% | 36.21% | 18.94% | 19.57% |
| 6 | MU Micron Technology, Inc. NDXSPXAI | 971.00 | 45.87 | $1.10T | 0.06% | 14.20% | 39.82% | 6.71% | -0.57% |
| 7 | AMD Advanced Micro Devices, Inc. NDXSPXAI | 516.10 | 172.61 | $841.55B | - | 6.33% | 8.06% | 13.64% | 48.64% |
| 8 | ORCL Oracle Corporation SPXAI | 225.78 | 40.46 | $649.35B | 0.89% | 13.07% | 57.57% | 10.59% | 22.81% |
| 9 | ASML ASML Holding N.V. NDXAI | 1,612.76 | 53.76 | $621.59B | 0.54% | 43.81% | 52.24% | 15.55% | 19.55% |
Quarterly Results
Figures in USD.
| Metric | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | - | 13.98M | 21.45M | 25.44M | 29.12M | 34.25M |
| Cost of Revenue | - | 11.66M | 17.99M | 20.77M | 25.41M | 28.69M |
| Gross Profit | - | 2.32M | 3.46M | 4.67M | 3.71M | 5.56M |
| Operating Expenses | - | 58.36M | 64.73M | 74.34M | 77.59M | 63.90M |
| Operating Income | - | -56.04M | -61.27M | -69.67M | -73.87M | -58.34M |
| EBITDA | - | -56.04M | -61.27M | -69.67M | -73.87M | -58.34M |
| Interest Expense | - | - | - | - | - | - |
| Pretax Income | - | -37.38M | -53.26M | -61.57M | 75.45M | -53.51M |
| Tax Provision | 0 | 0 | 1.00K | -1.00K | 0 | - |
| Net Income | - | -42.99M | -53.10M | -61.31M | 23.43M | -50.41M |
| Diluted EPS | - | -0.12 | -0.14 | -0.16 | 0.06 | -0.12 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | - | 68.39M | 71.90M | 75.03M | 90.00M |
| Cost of Revenue | - | 36.32M | 55.02M | 63.62M | 75.84M |
| Gross Profit | - | 32.06M | 16.88M | 11.40M | 14.16M |
| Operating Expenses | - | 202.78M | 160.12M | 296.93M | 275.02M |
| Operating Income | - | -170.72M | -143.24M | -285.52M | -260.86M |
| EBITDA | - | -153.94M | -128.90M | -277.16M | -254.64M |
| Interest Expense | - | - | - | - | - |
| Pretax Income | - | -148.32M | -125.45M | -275.00M | -76.76M |
| Tax Provision | - | -74.00K | -126.00K | 1.00K | 0 |
| Net Income | - | -148.02M | -124.81M | -274.12M | -133.97M |
| Diluted EPS | - | -0.40 | -0.34 | -2.40 | -0.35 |
Compounded Sales Growth
| 5 Years: | 9.59% |
| 1 Year: | 145.00% |
Compounded Profit Growth
| 5 Years: | 3.16% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | -47.92% |
| 6 Months: | -24.76% |
| 3 Months: | -30.06% |
| 1 Month: | +4.92% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Total Assets | - | 771.51M | 747.12M | 1.05B | 1.81B |
| Current Assets | - | 643.57M | 666.35M | 834.62M | 1.25B |
| Cash & Equivalents | - | 316.26M | 425.96M | 535.98M | 293.49M |
| Inventory | - | - | - | - | - |
| Receivables | - | 25.90M | 31.58M | 28.55M | 23.64M |
| Total Liabilities | - | 53.60M | 51.94M | 82.11M | 103.84M |
| Current Liabilities | - | 48.10M | 48.16M | 70.89M | 91.47M |
| Long Term Debt | - | - | - | - | - |
| Total Debt | - | 13.04M | 7.36M | 13.80M | 28.88M |
| Total Equity | - | 706.01M | 684.03M | 951.12M | 1.65B |
| Shares Outstanding | - | 348.96M | 348.96M | 350.29M | 433.54M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | -154.77M | -115.42M | -110.76M | -164.96M |
| Investing Cash Flow | - | 49.33M | 136.49M | -181.27M | -889.16M |
| Financing Cash Flow | - | 191.57M | 89.76M | 407.39M | 814.83M |
| Capital Expenditure | - | -12.03M | -5.09M | -11.40M | -43.88M |
| Free Cash Flow | - | -166.80M | -120.51M | -122.16M | -208.83M |
| Net Change in Cash | - | 86.13M | 110.84M | 115.36M | -239.28M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| 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% |
| ROE % | - | -21.0% | -18.2% | -28.8% | -8.1% |
| ROCE % | - | -23.6% | -20.5% | -29.1% | -15.2% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | FMR, LLC | 3.95% | 13.91M | $139.53M |
| 2 | Vanguard Capital Management LLC | 2.23% | 7.87M | $78.92M |
| 3 | HSG Holding Ltd | 2.14% | 7.54M | $75.61M |
| 4 | TMT General Partner Ltd | 1.97% | 6.94M | $69.63M |
| 5 | Ontario Teachers Pension Plan Board | 1.84% | 6.49M | $65.12M |
| 6 | BAILLIE GIFFORD & CO | 1.80% | 6.36M | $63.79M |
| 7 | Mirae Asset Global ETFs Holdings Ltd. | 1.21% | 4.28M | $42.89M |
| 8 | Aspex Management (HK) Ltd | 1.17% | 4.14M | $41.53M |
| 9 | IDG China Venture Capital Fund IV Associates, LP | 1.13% | 3.99M | $40.01M |
| 10 | Lingotto Investment Management LLP | 0.94% | 3.32M | $33.34M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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