Pony AI Balance Sheet

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
Cash & Equivalents	99	535.98	425.96	316.26	242.54
Short-Term Investments	345.67	209.04	163.59	261.64	176.21
Cash & Short-Term Investments	444.66	745.01	589.55	577.91	418.75
Cash Growth	-	26.37%	2.02%	38.01%	-
Receivables	37.24	36.88	37.23	34.21	2.17
Prepaid Expenses	58	52.71	39.51	29.65	21.22
Restricted Cash	1.41	0.02	0.05	1.81	-
Total Current Assets	541.31	834.62	666.35	643.57	442.14
Property, Plant & Equipment	61.74	30.58	21.84	34.97	33.91
Long-Term Investments	267.56	130.8	51.71	80.65	227.17
Other Long-Term Assets	30.06	54.82	7.22	12.33	5.71
Total Assets	900.67	1,051	747.12	771.51	708.94
Accounts Payable	71.31	2.18	1.8	1.77	2.62
Accrued Expenses	-	24.5	16.8	16.14	22.54
Short-Term Debt	-	-	-	3.95	-
Current Portion of Leases	4.86	3.97	5.11	5.3	-
Current Income Taxes Payable	-	1.81	2.41	3.2	0.9
Current Unearned Revenue	-	3.23	2.41	4.92	-
Other Current Liabilities	0.71	35.19	19.64	12.83	4.05
Total Current Liabilities	76.88	70.89	48.17	48.1	30.11
Long-Term Leases	10.27	9.84	2.25	3.79	-
Other Long-Term Liabilities	1.52	1.39	1.53	1.71	1.14
Total Liabilities	88.67	82.11	51.94	53.6	31.25
Common Stock	801.22	0.18	0.05	0.04	0.04
Additional Paid-In Capital	-	2,228	57.76	63.2	50.8
Retained Earnings	-	-1,288	-739.53	-614.66	-466.55
Comprehensive Income & Other	-	10.35	4.47	-0.07	13.61
Total Common Equity	801.22	951.12	-677.25	-551.49	-402.1
Minority Interest	10.78	17.59	11.15	11.9	3.89
Shareholders' Equity	811.99	968.71	695.17	717.91	677.69
Total Liabilities & Equity	900.67	1,051	747.12	771.51	708.94
Total Debt	15.13	13.81	7.36	13.04	-
Net Cash (Debt)	429.53	731.21	582.2	564.87	418.75
Net Cash Growth	-	25.59%	3.07%	34.89%	-
Net Cash Per Share	1.34	6.40	6.53	6.62	5.19
Filing Date Shares Outstanding	385.29	355.29	91.75	91.8	80.7
Total Common Shares Outstanding	385.29	350.29	91.75	91.8	80.7
Working Capital	464.42	763.74	618.18	595.47	412.04
Book Value Per Share	2.08	2.72	-7.38	-6.01	-4.98
Tangible Book Value	801.22	951.12	-677.25	-551.49	-402.1
Tangible Book Value Per Share	2.08	2.72	-7.38	-6.01	-4.98
Machinery	-	62.15	53.36	53.78	50.58
Construction In Progress	-	0.6	0.01	0.13	1.16
Leasehold Improvements	-	4.73	6.2	6.26	5.5

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

SEC Filings: 10-K · 10-Q