Pony AI Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

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
Cash & Equivalents	327.08	293.49	535.98	425.96	316.26	242.54
Short-Term Investments	740.34	872.16	209.04	163.59	261.64	176.21
Cash & Short-Term Investments	1,067	1,166	745.01	589.55	577.91	418.75
Cash Growth	69.45%	56.46%	26.37%	2.02%	38.01%	-
Receivables	50.12	34.98	36.88	37.23	34.21	2.17
Prepaid Expenses	47.21	48.07	52.71	39.51	29.65	21.22
Restricted Cash	2.06	1.94	0.02	0.05	1.81	-
Total Current Assets	1,167	1,251	834.62	666.35	643.57	442.14
Property, Plant & Equipment	89.4	75.28	30.58	21.84	34.97	33.91
Long-Term Investments	464.61	454.94	130.8	51.71	80.65	227.17
Other Long-Term Assets	34.35	31.98	54.82	7.22	12.33	5.71
Total Assets	1,755	1,813	1,051	747.12	771.51	708.94
Accounts Payable	67.34	31.86	16.03	1.8	1.77	2.62
Accrued Expenses	-	43.91	35.32	16.8	16.14	22.54
Short-Term Debt	-	-	-	-	3.95	-
Current Portion of Leases	5.04	5.32	3.97	5.11	5.3	-
Current Income Taxes Payable	-	7.4	1.81	2.41	3.2	0.9
Current Unearned Revenue	-	1.92	3.23	2.41	4.92	-
Other Current Liabilities	-	1.07	10.53	19.64	12.83	4.05
Total Current Liabilities	72.39	91.48	70.89	48.17	48.1	30.11
Long-Term Leases	11.32	11.18	10.99	2.25	3.79	-
Other Long-Term Liabilities	1.99	1.18	0.23	1.53	1.71	1.14
Total Liabilities	85.69	103.84	82.11	51.94	53.6	31.25
Common Stock	1,615	0.22	0.18	0.05	0.04	0.04
Additional Paid-In Capital	-	3,079	2,228	57.76	63.2	50.8
Retained Earnings	-	-1,422	-1,288	-739.53	-614.66	-466.55
Comprehensive Income & Other	-	-4.54	10.35	4.47	-0.07	13.61
Total Common Equity	1,615	1,652	951.12	-677.25	-551.49	-402.1
Minority Interest	54.62	56.72	17.59	11.15	11.9	3.89
Shareholders' Equity	1,669	1,709	968.71	695.17	717.91	677.69
Total Liabilities & Equity	1,755	1,813	1,051	747.12	771.51	708.94
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
Filing Date Shares Outstanding	433.54	433.54	355.29	91.75	91.8	80.7
Total Common Shares Outstanding	433.54	433.54	350.29	91.75	91.8	80.7
Working Capital	1,094	1,159	763.74	618.18	595.47	412.04
Book Value Per Share	3.72	3.81	2.72	-7.38	-6.01	-4.98
Tangible Book Value	1,615	1,652	951.12	-677.25	-551.49	-402.1
Tangible Book Value Per Share	3.72	3.81	2.72	-7.38	-6.01	-4.98
Machinery	-	83.13	62.15	53.36	53.78	50.58
Construction In Progress	-	22.85	0.6	0.01	0.13	1.16
Leasehold Improvements	-	8.71	4.73	6.2	6.26	5.5

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