Pony AI Income 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
Revenue	110.27	90	75.03	71.9	68.39	8.12
Revenue Growth (YoY)	44.18%	19.96%	4.35%	5.14%	742.50%	-
Cost of Revenue	92.87	75.84	63.62	55.02	36.32	1.81
Gross Profit	17.41	14.16	11.4	16.88	32.06	6.31
Selling, General & Admin	62.75	57.6	56.75	37.42	49.18	51.02
Research & Development	217.81	217.42	240.18	122.71	153.6	170.6
Total Operating Expenses	280.56	275.02	296.93	160.12	202.78	221.62
Operating Income	-263.15	-260.86	-285.52	-143.24	-170.72	-215.31
Interest Income	32.61	42.99	20.38	19.39	8.89	3.61
Other Non-Operating Income (Expense)	12.92	141.11	-9.86	-1.6	13.5	-12.46
Total Non-Operating Income (Expense)	45.53	184.1	10.52	17.79	22.39	-8.85
Pretax Income	-92.89	-76.76	-275.01	-125.45	-148.32	-224.16
Provision for Income Taxes	-0	-	0	-0.13	-0.07	0.55
Net Income	-92.89	-76.76	-275.01	-125.33	-148.25	-224.7
Minority Interest in Earnings	48.5	57.21	-0.89	-0.52	-0.23	-
Net Income to Common	-141.39	-133.97	-274.12	-124.81	-148.02	-224.7
Shares Outstanding (Basic)	400	380	114	89	85	81
Shares Outstanding (Diluted)	402	380	114	89	85	81
Shares Change (YoY)	124.02%	232.33%	28.30%	4.43%	5.73%	-
EPS (Basic)	-0.36	-0.35	-2.40	-1.40	-1.73	-2.78
EPS (Diluted)	-0.36	-0.35	-2.40	-1.40	-1.73	-2.78
Free Cash Flow	-	-208.83	-122.16	-120.51	-166.8	-171.54
Free Cash Flow Per Share	-	-0.55	-1.07	-1.35	-1.96	-2.13
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%
Profit Margin	-84.24%	-85.29%	-366.55%	-174.31%	-216.78%	-2768.31%
FCF Margin	-	-232.03%	-162.82%	-167.61%	-243.91%	-2113.37%
EBITDA	-263.15	-254.64	-277.16	-128.9	-153.95	-201.56
EBITDA Margin	-238.64%	-282.93%	-369.43%	-179.28%	-225.11%	-2483.22%
EBIT	-263.15	-260.86	-285.52	-143.24	-170.72	-215.31
EBIT Margin	-238.64%	-289.84%	-380.57%	-199.22%	-249.63%	-2652.52%
Effective Tax Rate	0.00%	0.00%	-0.00%	0.10%	0.05%	-0.24%

SEC Filings: 10-K · 10-Q