Pony AI Inc. (HKG:2026)

Hong Kong · Delayed Price · Currency is HKD

62.30

+2.75 (4.62%)

Jul 31, 2026, 4:08 PM HKT

Pony AI Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	110.27	90	75.03	71.9	68.39	8.12
Revenue Growth	44.18%	19.96%	4.35%	5.14%	742.50%	-
Gross Profit	17.41	14.16	11.4	16.88	32.06	6.31
Operating Income	-263.15	-260.86	-285.52	-143.24	-170.72	-215.31
Net Income	-141.39	-133.97	-274.12	-124.81	-148.02	-224.7
Earnings Per Share	-0.35	-0.35	-2.40	-1.40	-1.73	-2.78
EPS Growth	-	-	-	-	-	-

Revenue by Geography

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Chinese Mainland	87.56	74.42	71.58
Overseas	2.44	0.6	0.32
Total	90	75.03	71.9

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	1,067	1,166	745.01	589.55	577.91	418.75
Total Debt	16.36	16.5	14.96	7.36	13.04	-
Net Cash (Debt)	1,051	1,149	730.05	582.2	564.87	418.75
Net Cash Growth	70.12%	57.41%	25.39%	3.07%	34.89%	-
Net Cash Per Share	2.63	3.02	6.39	6.53	6.62	5.19

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	-185	-164.96	-110.76	-115.42	-154.77	-146.14
Capital Expenditures	-51.48	-43.88	-11.4	-5.09	-12.03	-25.4
Free Cash Flow	-236.47	-208.83	-122.16	-120.51	-166.8	-171.54
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	15.78%	15.73%	15.20%	23.48%	46.89%	77.74%
Operating Margin	-238.64%	-289.84%	-380.57%	-199.22%	-249.63%	-2652.52%
Pretax Margin	-84.24%	-85.29%	-366.55%	-174.49%	-216.89%	-2761.57%
Profit Margin	-128.22%	-148.85%	-365.37%	-173.59%	-216.44%	-2768.31%
FCF Margin	-214.44%	-232.03%	-162.82%	-167.61%	-243.91%	-2113.37%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PS Ratio	31.29	69.85	66.75	-	-	-