Pony AI Cash Flow 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
Net Income	-318.89	-274.12	-124.81	-148.02	-224.7
Depreciation & Amortization	6.36	8.36	14.34	16.77	13.74
Loss (Gain) From Sale of Assets	-0.06	-0.04	1.12	-0.04	0.13
Loss (Gain) From Sale of Investments	10.25	15.59	1.73	0.11	4.37
Stock-Based Compensation	141.76	127	3.25	13.18	41.06
Other Operating Activities	9.42	0.29	8.59	-2.96	15.61
Change in Accounts Receivable	-3.31	2.02	-16.37	-26.53	0.34
Change in Accounts Payable	29.23	23.22	-1.15	19.01	12.36
Change in Other Net Operating Assets	-5.96	-13.08	-2.14	-26.29	-9.04
Operating Cash Flow	-131.21	-110.76	-115.42	-154.77	-146.14
Capital Expenditures	-23.96	-11.4	-5.09	-12.03	-25.4
Sale of Property, Plant & Equipment	0.03	0.05	0.87	0.52	-
Investment in Securities	-288.18	-169.92	140.72	60.84	80.23
Investing Cash Flow	-313.01	-181.27	136.49	49.33	54.83
Short-Term Debt Issued	-	-	-	3.95	-
Total Debt Issued	-	-	-	3.95	-
Short-Term Debt Repaid	-	-	-3.83	-	-
Long-Term Debt Repaid	-	-1.02	-1.06	-0.85	-
Total Debt Repaid	-1.07	-1.02	-4.89	-0.85	-
Net Debt Issued (Repaid)	-1.07	-1.02	-4.89	3.09	-
Issuance of Common Stock	450.81	408.4	-	-	0.33
Repurchase of Common Stock	-11.61	-	-4.55	-5.4	-
Other Financing Activities	-6.44	-	-	7.54	1.56
Financing Cash Flow	431.7	407.39	89.76	191.57	121.87
Foreign Exchange Rate Adjustments	-3.74	-5.4	-3.15	-10.61	2.38
Net Cash Flow	-16.26	109.97	107.69	75.53	32.95
Free Cash Flow	-155.16	-122.16	-120.51	-166.8	-171.54
Free Cash Flow Margin	-180.97%	-162.82%	-167.61%	-243.91%	-2113.37%
Free Cash Flow Per Share	-0.63	-1.07	-1.35	-1.96	-2.13
Cash Income Tax Paid	0	0	0.43	0.01	-
Levered Free Cash Flow	-21.35	-43.44	-83.44	-116.91	-
Unlevered Free Cash Flow	-21.35	-43.44	-83.44	-116.91	-
Change in Working Capital	19.96	12.16	-19.65	-33.82	3.65

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