Pony AI Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	90	75.03	71.9	68.39	8.12
Revenue Growth (YoY)	19.96%	4.35%	5.14%	742.50%	-
Cost of Revenue	75.84	63.62	55.02	36.32	1.81
Gross Profit	14.16	11.4	16.88	32.06	6.31
Selling, General & Admin	57.6	56.75	37.42	49.18	51.02
Research & Development	217.42	240.18	122.71	153.6	170.6
Total Operating Expenses	275.02	296.93	160.12	202.78	221.62
Operating Income	-260.86	-285.52	-143.24	-170.72	-215.31
Interest Income	42.99	20.38	19.39	8.89	3.61
Other Non-Operating Income (Expense)	141.11	-9.86	-1.6	13.5	-12.46
Total Non-Operating Income (Expense)	184.1	10.52	17.79	22.39	-8.85
Pretax Income	-76.76	-275.01	-125.45	-148.32	-224.16
Provision for Income Taxes	-	0	-0.13	-0.07	0.55
Net Income	-133.97	-274.12	-124.81	-148.02	-224.7
Minority Interest in Earnings	57.21	-0.89	-0.52	-0.23	-
Net Income to Common	-133.97	-274.12	-124.81	-148.02	-224.7
Shares Outstanding (Basic)	380	114	89	85	81
Shares Outstanding (Diluted)	380	114	89	85	81
Shares Change (YoY)	232.33%	28.30%	4.43%	5.73%	-
EPS (Basic)	-0.35	-2.40	-1.40	-1.73	-2.78
EPS (Diluted)	-0.35	-2.40	-1.40	-1.73	-2.78
Shares Outstanding	433.54	350.29	91.75	91.8	91.72
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	15.73%	15.20%	23.48%	46.89%	77.74%
Operating Margin	-289.84%	-380.57%	-199.22%	-249.63%	-2652.52%
Profit Margin	-85.29%	-366.55%	-174.31%	-216.78%	-2768.31%
FCF Margin	-232.03%	-162.82%	-167.61%	-243.91%	-2113.37%
EBITDA	-254.64	-277.16	-128.9	-153.95	-201.56
EBITDA Margin	-282.93%	-369.43%	-179.28%	-225.11%	-2483.22%
EBIT	-260.86	-285.52	-143.24	-170.72	-215.31
EBIT Margin	-289.84%	-380.57%	-199.22%	-249.63%	-2652.52%
Effective Tax Rate	0.00%	-0.00%	0.10%	0.05%	-0.24%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q