Symbols / PONY $9.56 +2.03% Pony AI Inc.

Technology • Information Technology Services • China • NMS
PONY Chart
About

Pony AI Inc., through its subsidiaries, engages in the autonomous mobility business in the People's Republic of China, the United States, and internationally. The company provides robotaxi services that include autonomous vehicle (AV) engineering solutions, such as AV software deployment and maintenance; vehicle integration and engineering; and road-testing services to original equipment manufacturers and transportation network companies. It also offers robotruck services that provide transportation services to logistics platforms. In addition, the company engages in the licensing and applications business that comprises personally-owned vehicle intelligent solutions, including intelligent driving software solutions, proprietary vehicle domain controller products, and data analytics tools; vehicle integration services, software development, and licensing services; and vehicle-to-everything (V2X) products and services to enhance road safety. The company's customers include OEMs and TNCs; OEMs and logistics platforms; and sensor and hardware component suppliers. The company has a strategic partnership with BAIC BJEV for the design and development of purpose-built Robotaxi models, jointly optimizing vehicle architectures and in-cabin systems to support autonomous operations and passenger experience. The company has a strategic partnership with ATBB Travel & Express Service Co., Ltd. to deploy and operate Robotaxi services in China's tier-1 cities; and has a strategic partnership with Uber Technologies, Inc. to launch the first commercial robotaxi service in Europe. Pony AI Inc. was incorporated in 2016 and is based in Guangzhou, the People's Republic of China.

Fundamentals
Scroll to Statements
Sector Technology Industry Information Technology S Market Cap 4.14B
Enterprise Value 2.79B Income -133.97M Sales 90.00M
Book/sh 3.98 Cash/sh 2.81 Dividend Yield —
Payout 0.00% Employees — IPO —
P/E — Forward P/E -15.68 PEG —
P/S 46.05 P/B 2.40 P/C —
EV/EBITDA -11.06 EV/Sales 31.02 Quick Ratio 13.12
Current Ratio 13.67 Debt/Eq 0.89 LT Debt/Eq —
EPS (ttm) -0.36 EPS next Y -0.61 EPS Growth —
Revenue Growth -18.00% Earnings 2026-05-19 ROA -11.39%
ROE -5.73% ROIC — Gross Margin 15.73%
Oper. Margin -253.64% Profit Margin -148.85% Shs Outstand 352.45M
Shs Float 265.90M Short Float 10.36% Short Ratio 6.79
Short Interest — 52W High 24.92 52W Low 4.11
Beta — Avg Volume 4.44M Volume 1.86M
Target Price $21.65 Recom Strong_buy Prev Close $9.37
Price $9.56 Change 2.03%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$21.65
Mean price target
2. Current target
$9.56
Latest analyst target
3. DCF / Fair value
$-5.51
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$9.56
Low
$10.00
High
$32.80
Mean
$21.65

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-31 init HSBC — → Buy $17
2026-03-30 main Barclays Equal-Weight → Equal-Weight $10
2025-12-17 init Barclays — → Equal-Weight $15
2025-12-15 init Macquarie — → Outperform $29
2025-11-07 main Citigroup Buy → Buy $25
2025-10-10 init Jefferies — → Buy $33
2025-09-29 init Citigroup — → Buy $29
2025-08-04 init UBS — → Buy $20
2025-01-14 init Deutsche Bank — → Buy $20
2024-12-23 init B of A Securities — → Buy $18
2024-12-23 init Goldman Sachs — → Buy $20
News
RSS: Latest PONY news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-30 WANG HAOJUN Chief Financial Officer — 18,283 $8.69 $158,834
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total Revenue
75.03
+4.35%
71.90
+5.14%
68.39
+742.50%
8.12
Operating Revenue
75.03
+4.35%
71.90
+5.14%
68.39
+742.50%
8.12
Cost Of Revenue
63.62
+15.64%
55.02
+51.46%
36.32
+1910.07%
1.81
Reconciled Cost Of Revenue
63.62
+15.64%
55.02
+51.46%
36.32
+1910.07%
1.81
Gross Profit
11.40
-32.46%
16.88
-47.34%
32.06
+408.15%
6.31
Operating Expense
296.93
+85.44%
160.12
-21.04%
202.78
-8.50%
221.62
Research And Development
240.18
+95.73%
122.71
-20.11%
153.60
-9.96%
170.60
Selling General And Administration
56.75
+51.66%
37.42
-23.92%
49.18
-3.61%
51.02
Selling And Marketing Expense
—
2.53
-8.66%
2.77
-27.09%
3.80
General And Administrative Expense
56.75
+51.66%
37.42
-23.92%
49.18
-3.61%
51.02
Salaries And Wages
45.81
+120.37%
20.79
-31.32%
30.27
+13.01%
26.78
Other Gand A
5.26
-55.46%
11.81
-6.70%
12.66
-9.98%
14.06
Total Expenses
360.55
+67.59%
215.14
-10.02%
239.10
+7.02%
223.42
Operating Income
-285.52
-99.33%
-143.24
+16.09%
-170.72
+20.71%
-215.31
Total Operating Income As Reported
-285.52
-99.33%
-143.24
+16.09%
-170.72
+20.71%
-215.31
EBITDA
-277.16
-115.02%
-128.90
+16.27%
-153.94
+23.62%
-201.56
Normalized EBITDA
-303.16
-108.70%
-145.26
+12.87%
-166.72
+13.10%
-191.87
Reconciled Depreciation
8.36
-41.70%
14.34
-14.48%
16.77
+22.03%
13.74
EBIT
-285.52
-99.33%
-143.24
+16.09%
-170.72
+20.71%
-215.31
Total Unusual Items
26.00
+58.90%
16.36
+28.03%
12.78
+231.75%
-9.70
Total Unusual Items Excluding Goodwill
26.00
+58.90%
16.36
+28.03%
12.78
+231.75%
-9.70
Net Income
-274.12
-119.63%
-124.81
+15.68%
-148.02
+34.13%
-224.70
Pretax Income
-275.00
-119.21%
-125.45
+15.42%
-148.32
+33.83%
-224.16
Other Income Expense
10.52
-40.86%
17.79
-20.57%
22.39
+352.95%
-8.85
Other Non Operating Income Expenses
-15.48
-1184.58%
1.43
-85.16%
9.61
+1036.41%
0.85
Gain On Sale Of Security
26.00
+58.90%
16.36
+28.03%
12.78
+231.75%
-9.70
Tax Provision
0.00
+100.79%
-0.13
-70.27%
-0.07
-113.53%
0.55
Tax Rate For Calcs
0.00
-100.00%
0.00
0.00
-100.00%
0.00
Tax Effect Of Unusual Items
0.00
-100.00%
0.02
0.00
+100.00%
-2.42
Net Income Including Noncontrolling Interests
-275.01
-119.43%
-125.33
+15.46%
-148.25
+34.02%
-224.70
Net Income From Continuing Operation Net Minority Interest
-274.12
-119.63%
-124.81
+15.68%
-148.02
+34.13%
-224.70
Net Income From Continuing And Discontinued Operation
-274.12
-119.63%
-124.81
+15.68%
-148.02
+34.13%
-224.70
Net Income Continuous Operations
-275.01
-119.43%
-125.33
+15.46%
-148.25
+34.02%
-224.70
Minority Interests
0.89
+71.51%
0.52
+122.41%
0.23
0.00
Normalized Income
-300.12
-112.62%
-141.15
+12.21%
-160.79
+26.05%
-217.43
Net Income Common Stockholders
-274.12
-119.63%
-124.81
+15.68%
-148.02
+34.13%
-224.70
Diluted EPS
-2.40
-607.90%
-0.34
+15.68%
-0.40
—
Basic EPS
-2.40
-607.90%
-0.34
+15.68%
-0.40
—
Basic Average Shares
114.32
-68.95%
368.14
+0.00%
368.14
—
Diluted Average Shares
114.32
-68.95%
368.14
+0.00%
368.14
—
Diluted NI Availto Com Stockholders
-274.12
-119.63%
-124.81
+15.68%
-148.02
+34.13%
-224.70
Rent And Landing Fees
5.68
+17.85%
4.82
-22.91%
6.25
-38.54%
10.17
Rent Expense Supplemental
5.68
+17.85%
4.82
-22.91%
6.25
-38.54%
10.17
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total Assets
1,050.82
+40.65%
747.12
-3.16%
771.51
+8.83%
708.94
Current Assets
834.62
+25.25%
666.35
+3.54%
643.57
+45.56%
442.14
Cash Cash Equivalents And Short Term Investments
745.01
+26.37%
589.55
+2.02%
577.90
+38.01%
418.75
Cash And Cash Equivalents
535.98
+25.83%
425.96
+34.69%
316.26
+30.40%
242.54
Other Short Term Investments
209.03
+27.78%
163.59
-37.47%
261.64
+48.48%
176.21
Receivables
36.88
-0.95%
37.23
+8.84%
34.20
+1476.99%
2.17
Accounts Receivable
28.55
-9.58%
31.58
+21.94%
25.90
+16188.68%
0.16
Restricted Cash
0.02
-57.14%
0.05
-97.29%
1.81
0.00
Other Current Assets
52.71
+33.41%
39.51
+33.25%
29.65
+39.76%
21.22
Total Non Current Assets
216.20
+167.67%
80.77
-36.87%
127.94
-52.04%
266.80
Net PPE
30.02
+41.05%
21.28
-38.26%
34.47
+4.14%
33.10
Gross PPE
86.02
+21.77%
70.64
-1.66%
71.83
+25.48%
57.24
Accumulated Depreciation
-56.00
-13.46%
-49.35
-32.13%
-37.35
-54.73%
-24.14
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
62.15
+16.47%
53.36
-0.77%
53.78
+6.32%
50.58
Construction In Progress
0.60
+8428.57%
0.01
-94.40%
0.12
-89.21%
1.16
Other Properties
18.54
+67.52%
11.07
-5.10%
11.66
—
Leases
4.73
-23.73%
6.20
-1.02%
6.26
+13.79%
5.50
Goodwill And Other Intangible Assets
0.56
+1.31%
0.56
+13.30%
0.49
-39.44%
0.81
Other Intangible Assets
0.56
+1.31%
0.56
+13.30%
0.49
-39.44%
0.81
Investments And Advances
130.80
+152.94%
51.71
-35.88%
80.65
-64.50%
227.17
Long Term Equity Investment
15.83
+3254.45%
0.47
-1.67%
0.48
-8.75%
0.53
Non Current Accounts Receivable
—
—
2.97
-2.72%
3.05
Non Current Prepaid Assets
52.82
0.00
0.00
—
Other Non Current Assets
1.99
-72.38%
7.22
-22.84%
9.36
+251.77%
2.66
Total Liabilities Net Minority Interest
82.11
+58.07%
51.94
-3.09%
53.60
+71.55%
31.25
Current Liabilities
70.89
+47.17%
48.16
+0.14%
48.10
+59.77%
30.11
Payables And Accrued Expenses
53.16
+59.94%
33.24
+12.11%
29.65
+7.87%
27.48
Payables
29.42
+71.37%
17.17
+22.09%
14.06
+184.64%
4.94
Other Payable
26.71
+80.99%
14.76
+35.80%
10.87
+168.63%
4.04
Current Accrued Expenses
23.74
+47.73%
16.07
+3.10%
15.59
-30.86%
22.54
Total Tax Payable
1.81
-24.84%
2.41
-24.54%
3.19
+256.98%
0.90
Current Debt And Capital Lease Obligation
3.97
-22.31%
5.11
-44.75%
9.25
—
Current Debt
—
—
3.95
—
Other Current Borrowings
—
—
3.95
—
Current Capital Lease Obligation
3.97
-22.31%
5.11
-3.64%
5.30
0.00
Current Deferred Liabilities
11.58
+381.13%
2.41
-51.11%
4.92
0.00
Current Deferred Revenue
3.23
+34.21%
2.41
-51.11%
4.92
0.00
Other Current Liabilities
2.18
-70.59%
7.41
+73.10%
4.28
+63.37%
2.62
Total Non Current Liabilities Net Minority Interest
11.22
+197.01%
3.78
-31.32%
5.50
+382.63%
1.14
Long Term Debt And Capital Lease Obligation
9.84
+337.89%
2.25
-40.71%
3.79
0.00
Long Term Capital Lease Obligation
9.84
+337.89%
2.25
-40.71%
3.79
0.00
Other Non Current Liabilities
1.39
-9.39%
1.53
-10.56%
1.71
+50.35%
1.14
Preferred Securities Outside Stock Equity
—
1,361.28
+8.25%
1,257.50
+16.88%
1,075.90
Stockholders Equity
951.12
+39.05%
684.03
-3.11%
706.01
+4.78%
673.80
Common Stock Equity
951.12
+240.44%
-677.25
-22.80%
-551.49
-37.15%
-402.10
Capital Stock
0.17
-99.99%
1,361.32
+8.25%
1,257.54
+16.88%
1,075.94
Common Stock
0.17
+288.89%
0.04
+2.27%
0.04
+4.76%
0.04
Preferred Stock
0.00
-100.00%
1,361.28
+8.25%
1,257.50
+16.88%
1,075.90
Share Issued
350.29
+0.38%
348.96
+0.00%
348.96
+0.00%
348.96
Ordinary Shares Number
350.29
+0.38%
348.96
+0.00%
348.96
+0.00%
348.96
Additional Paid In Capital
2,228.44
+3758.18%
57.76
-8.61%
63.20
+24.42%
50.80
Retained Earnings
-1,287.85
-74.14%
-739.53
-20.32%
-614.66
-31.75%
-466.55
Gains Losses Not Affecting Retained Earnings
10.35
+131.43%
4.47
+6313.89%
-0.07
-100.53%
13.61
Minority Interest
17.59
+57.82%
11.14
-6.36%
11.90
+206.12%
3.89
Other Equity Adjustments
10.35
+131.43%
4.47
+6313.89%
-0.07
-100.53%
13.61
Total Equity Gross Minority Interest
968.71
+39.35%
695.17
-3.17%
717.91
+5.94%
677.69
Total Capitalization
951.12
+39.05%
684.03
-3.11%
706.01
+4.78%
673.80
Working Capital
763.74
+23.55%
618.18
+3.81%
595.47
+44.52%
412.04
Invested Capital
951.12
+240.44%
-677.25
-23.69%
-547.54
-36.17%
-402.10
Total Debt
13.80
+87.67%
7.36
-43.58%
13.04
0.00
Capital Lease Obligations
13.80
+87.67%
7.36
-19.08%
9.09
0.00
Net Tangible Assets
950.56
+39.08%
683.47
-3.12%
705.52
+4.83%
672.99
Tangible Book Value
950.56
+240.24%
-677.81
-22.80%
-551.98
-37.00%
-402.91
Available For Sale Securities
21.52
—
—
—
Duefrom Related Parties Current
8.32
+47.29%
5.65
-31.98%
8.31
+313.23%
2.01
Duefrom Related Parties Non Current
0.00
0.00
-100.00%
2.97
-2.72%
3.05
Dueto Related Parties Current
0.90
0.00
0.00
—
Held To Maturity Securities
93.45
+82.38%
51.24
-36.09%
80.17
-64.63%
226.64
Investmentin Financial Assets
114.97
+124.37%
51.24
-36.09%
80.17
-64.63%
226.64
Preferred Stock Equity
—
1,361.28
+8.25%
1,257.50
+16.88%
1,075.90
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow
-110.76
+4.04%
-115.42
+25.42%
-154.77
-5.90%
-146.14
Cash Flow From Continuing Operating Activities
-110.76
+4.04%
-115.42
+25.42%
-154.77
-5.90%
-146.14
Net Income From Continuing Operations
-275.01
-119.43%
-125.33
+15.46%
-148.25
+34.02%
-224.70
Depreciation Amortization Depletion
8.36
-41.70%
14.34
-14.48%
16.77
+22.03%
13.74
Depreciation And Amortization
8.36
-41.70%
14.34
-14.48%
16.77
+22.03%
13.74
Other Non Cash Items
6.24
+13.11%
5.51
+24.77%
4.42
—
Stock Based Compensation
127.00
+3802.98%
3.25
-75.32%
13.18
-67.89%
41.06
Deferred Tax
0.00
+100.00%
-0.12
+74.79%
-0.48
-203.48%
0.46
Deferred Income Tax
0.00
+100.00%
-0.12
+74.79%
-0.48
-203.48%
0.46
Operating Gains Losses
-10.80
-686.32%
1.84
+127.90%
-6.60
-133.60%
19.65
Gain Loss On Investment Securities
-11.31
-30678.38%
0.04
+100.98%
-3.78
-121.39%
17.67
Unrealized Gain Loss On Investment Securities
21.29
+350.29%
4.73
0.00
—
Net Foreign Currency Exchange Gain Loss
0.55
-19.24%
0.68
+124.48%
-2.78
-250.54%
1.85
Gain Loss On Sale Of PPE
-0.04
-103.20%
1.12
+2982.05%
-0.04
-130.71%
0.13
Change In Working Capital
12.16
+161.88%
-19.65
+41.88%
-33.81
-1026.95%
3.65
Change In Receivables
-0.66
+93.89%
-10.74
+67.19%
-32.74
-1763.52%
-1.76
Changes In Account Receivables
2.02
+112.32%
-16.37
+38.31%
-26.53
-7995.54%
0.34
Change In Prepaid Assets
-9.86
-96.08%
-5.03
+49.11%
-9.88
-47.10%
-6.71
Change In Payables And Accrued Expense
23.22
+2120.89%
-1.15
-106.05%
19.01
+53.83%
12.36
Change In Payable
23.22
+2120.89%
-1.15
-106.05%
19.01
+53.83%
12.36
Change In Account Payable
23.22
+2120.89%
-1.15
-106.05%
19.01
+53.83%
12.36
Change In Other Current Assets
-7.64
-144.65%
-3.12
+80.18%
-15.75
-3589.23%
-0.43
Change In Other Current Liabilities
7.09
+1732.56%
0.39
-93.03%
5.55
+2806.28%
0.19
Investing Cash Flow
-181.27
-232.80%
136.49
+176.70%
49.33
-10.04%
54.83
Cash Flow From Continuing Investing Activities
-181.27
-232.80%
136.49
+176.70%
49.33
-10.04%
54.83
Net PPE Purchase And Sale
-11.35
-168.71%
-4.22
+63.33%
-11.51
+54.67%
-25.40
Purchase Of PPE
-11.40
-123.87%
-5.09
+57.69%
-12.03
+52.62%
-25.40
Sale Of PPE
0.05
-94.02%
0.87
+67.12%
0.52
0.00
Capital Expenditure
-11.40
-123.87%
-5.09
+57.69%
-12.03
+52.62%
-25.40
Net Investment Purchase And Sale
-169.92
-220.76%
140.72
+131.28%
60.84
-24.17%
80.23
Purchase Of Investment
-680.26
-738.92%
-81.09
+61.97%
-213.24
+50.71%
-432.60
Sale Of Investment
510.34
+130.09%
221.80
-19.07%
274.08
-46.56%
512.83
Financing Cash Flow
407.39
+353.84%
89.76
-53.14%
191.57
+57.19%
121.87
Cash Flow From Continuing Financing Activities
407.39
+353.84%
89.76
-53.14%
191.57
+57.19%
121.87
Net Issuance Payments Of Debt
-1.01
+4.34%
-1.06
-24.38%
-0.85
0.00
Repayment Of Debt
-1.01
+4.34%
-1.06
-24.38%
-0.85
0.00
Long Term Debt Payments
-1.01
+4.34%
-1.06
-24.38%
-0.85
0.00
Net Long Term Debt Issuance
-1.01
+4.34%
-1.06
-24.38%
-0.85
0.00
Net Common Stock Issuance
408.40
+41186.92%
-0.99
0.00
0.00
Common Stock Payments
0.00
+100.00%
-0.99
0.00
0.00
Repurchase Of Capital Stock
0.00
+100.00%
-5.79
0.00
0.00
Proceeds From Stock Option Exercised
0.00
+100.00%
-7.39
-408.40%
-1.45
-542.99%
0.33
Net Other Financing Charges
—
—
7.54
+384.69%
1.55
Changes In Cash
115.36
+4.08%
110.84
+28.68%
86.13
+181.82%
30.56
Effect Of Exchange Rate Changes
-5.40
-71.33%
-3.15
+70.30%
-10.61
-545.11%
2.38
Beginning Cash Position
426.20
+33.81%
318.52
+31.08%
242.99
+15.69%
210.04
End Cash Position
536.17
+25.80%
426.20
+33.81%
318.52
+31.08%
242.99
Free Cash Flow
-122.16
-1.36%
-120.51
+27.75%
-166.80
+2.76%
-171.54
Income Tax Paid Supplemental Data
0.00
-99.77%
0.43
+4722.22%
0.01
-70.00%
0.03
Common Stock Issuance
408.40
0.00
0.00
—
Issuance Of Capital Stock
408.40
+292.67%
104.01
-44.19%
186.34
+55.30%
119.99
Net Preferred Stock Issuance
0.00
-100.00%
99.21
-46.76%
186.34
+55.30%
119.99
Preferred Stock Issuance
0.00
-100.00%
104.01
-44.19%
186.34
+55.30%
119.99
Preferred Stock Payments
0.00
+100.00%
-4.80
0.00
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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