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 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
Net Income	-141.39	-133.97	-274.12	-124.81	-148.02	-224.7
Depreciation & Amortization	6.22	6.22	8.36	14.34	16.77	13.74
Loss (Gain) From Sale of Assets	0.02	0.02	-0.04	1.12	-0.04	0.13
Loss (Gain) From Sale of Investments	-148.34	-148.34	15.59	1.73	0.11	4.37
Stock-Based Compensation	30.8	30.8	127	3.25	13.18	41.06
Other Operating Activities	47.29	59.92	0.29	8.59	-2.96	15.61
Change in Accounts Receivable	4.01	4.01	2.02	-16.37	-26.53	0.34
Change in Accounts Payable	14.16	14.16	23.22	-1.15	19.01	12.36
Change in Other Net Operating Assets	2.23	2.23	-13.08	-2.14	-26.29	-9.04
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
Sale of Property, Plant & Equipment	0	0	0.05	0.87	0.52	-
Investment in Securities	-845.31	-845.31	-169.92	140.72	60.84	80.23
Investing Cash Flow	-688.72	-889.16	-181.27	136.49	49.33	54.83
Short-Term Debt Issued	-	-	-	-	3.95	-
Total Debt Issued	-	-	-	-	3.95	-
Long-Term Debt Repaid	-	-0.97	-1.02	-4.89	-0.85	-
Net Debt Issued (Repaid)	-0.97	-0.97	-1.02	-4.89	3.09	-
Issuance of Common Stock	832.08	832.08	408.4	-	-	0.33
Repurchase of Common Stock	-12.64	-12.64	-	-4.55	-5.4	-
Other Financing Activities	6.62	-3.64	-	-	7.54	1.56
Financing Cash Flow	825.1	814.83	407.39	89.76	191.57	121.87
Foreign Exchange Rate Adjustments	-1.5	-1.18	-5.4	-3.15	-10.61	2.38
Net Cash Flow	-50.12	-240.46	109.97	107.69	75.53	32.95
Free Cash Flow	-236.47	-208.83	-122.16	-120.51	-166.8	-171.54
Free Cash Flow Margin	-214.44%	-232.03%	-162.82%	-167.61%	-243.91%	-2113.37%
Free Cash Flow Per Share	-0.59	-0.55	-1.07	-1.35	-1.96	-2.13
Cash Income Tax Paid	-	-	0	0.43	0.01	-
Levered Free Cash Flow	-170.67	-146.04	-43.44	-83.44	-116.91	-
Unlevered Free Cash Flow	-170.67	-146.04	-43.44	-83.44	-116.91	-
Change in Working Capital	20.41	20.41	12.16	-19.65	-33.82	3.65

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