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	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	96.39	75.03	71.9	68.39	8.12
Revenue Growth (YoY)	39.06%	4.35%	5.14%	742.50%	-
Cost of Revenue	78.49	63.62	55.02	36.32	1.81
Gross Profit	17.9	11.4	16.88	32.06	6.31
Selling, General & Admin	73.25	56.75	37.42	49.18	51.02
Research & Development	304.74	240.18	122.71	153.6	170.6
Operating Expenses	377.99	296.93	160.12	202.78	221.62
Operating Income	-360.08	-285.52	-143.24	-170.72	-215.31
Interest & Investment Income	39.36	20.38	19.39	8.89	3.61
Other Non Operating Income (Expenses)	2.98	5.73	0.13	13.61	-12.46
EBT Excluding Unusual Items	-317.74	-259.42	-123.72	-148.22	-224.16
Gain (Loss) on Sale of Investments	-15.59	-15.59	-1.73	-0.11	-
Pretax Income	-333.33	-275.01	-125.45	-148.32	-224.16
Income Tax Expense	-	0	-0.13	-0.07	0.55
Earnings From Continuing Operations	-333.33	-275.01	-125.33	-148.25	-224.7
Minority Interest in Earnings	-4.99	0.89	0.52	0.23	-
Net Income	-338.32	-274.12	-124.81	-148.02	-224.7
Net Income to Common	-338.32	-274.12	-124.81	-148.02	-224.7
Shares Outstanding (Basic)	322	114	89	85	81
Shares Outstanding (Diluted)	322	114	89	85	81
Shares Change (YoY)	252.25%	28.30%	4.43%	5.73%	-
EPS (Basic)	-1.05	-2.40	-1.40	-1.73	-2.78
EPS (Diluted)	-1.05	-2.40	-1.40	-1.73	-2.78
Free Cash Flow	-178.76	-122.16	-120.51	-166.8	-171.54
Free Cash Flow Per Share	-0.56	-1.07	-1.35	-1.96	-2.13
Gross Margin	18.57%	15.20%	23.48%	46.89%	77.74%
Operating Margin	-373.56%	-380.57%	-199.22%	-249.63%	-2652.52%
Profit Margin	-350.98%	-365.37%	-173.59%	-216.44%	-2768.31%
Free Cash Flow Margin	-185.45%	-162.82%	-167.61%	-243.91%	-2113.37%
EBITDA	-356.21	-277.16	-128.9	-153.95	-201.56
EBITDA Margin	-	-	-179.28%	-225.11%	-
D&A For EBITDA	3.88	8.36	14.34	16.77	13.74
EBIT	-360.08	-285.52	-143.24	-170.72	-215.31
EBIT Margin	-	-	-199.22%	-249.63%	-

Updated Nov 25, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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