Pony AI Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	85.74	75.03	71.9	68.39	8.12
Revenue Growth (YoY)	1.67%	4.35%	5.14%	742.50%	-
Cost of Revenue	71.14	63.62	55.02	36.32	1.81
Gross Profit	14.6	11.4	16.88	32.06	6.31
Selling, General & Admin	67.74	56.75	37.42	49.18	51.02
Research & Development	277.97	240.18	122.71	153.6	170.6
Operating Expenses	345.71	296.93	160.12	202.78	221.62
Operating Income	-331.12	-285.52	-143.24	-170.72	-215.31
Interest & Investment Income	37.72	20.38	19.39	8.89	3.61
Other Non Operating Income (Expenses)	0.37	5.73	0.13	13.61	-12.46
EBT Excluding Unusual Items	-290.09	-259.42	-123.72	-148.22	-224.16
Gain (Loss) on Sale of Investments	-23.78	-15.59	-1.73	-0.11	-
Pretax Income	-313.87	-275.01	-125.45	-148.32	-224.16
Income Tax Expense	-	0	-0.13	-0.07	0.55
Earnings From Continuing Operations	-313.87	-275.01	-125.33	-148.25	-224.7
Minority Interest in Earnings	-5.02	0.89	0.52	0.23	-
Net Income	-318.89	-274.12	-124.81	-148.02	-224.7
Net Income to Common	-265.51	-274.12	-124.81	-148.02	-224.7
Shares Outstanding (Basic)	248	114	89	85	81
Shares Outstanding (Diluted)	248	114	89	85	81
Shares Change (YoY)	173.36%	28.30%	4.43%	5.73%	-
EPS (Basic)	-1.07	-2.40	-1.40	-1.73	-2.78
EPS (Diluted)	-1.07	-2.40	-1.40	-1.73	-2.78
Free Cash Flow	-155.16	-122.16	-120.51	-166.8	-171.54
Free Cash Flow Per Share	-0.63	-1.07	-1.35	-1.96	-2.13
Gross Margin	17.02%	15.20%	23.48%	46.89%	77.74%
Operating Margin	-386.19%	-380.57%	-199.22%	-249.63%	-2652.52%
Profit Margin	-309.67%	-365.37%	-173.59%	-216.44%	-2768.31%
Free Cash Flow Margin	-180.97%	-162.82%	-167.61%	-243.91%	-2113.37%
EBITDA	-324.76	-277.16	-128.9	-153.95	-201.56
EBITDA Margin	-	-	-179.28%	-225.11%	-
D&A For EBITDA	6.36	8.36	14.34	16.77	13.74
EBIT	-331.12	-285.52	-143.24	-170.72	-215.31
EBIT Margin	-	-	-199.22%	-249.63%	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.