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Pony AI Inc.

PONY

$4.46 ▼ -0.29 (-6.10%) at close

4 Visible periods

28 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

Pony AI Inc. faces fundamental challenges with weakness in Profit Margin (%). The fundamentals warrant careful consideration of downside risks.

Market Cap $1.7B

Dividend Yield —

Revenue Growth 20.0% ↗

Op. Margin -289.8% ↗

ROIC -12.5% ↗

FCF / Share $-0.43 ↗

Trailing P/E —

Price / Book 1.0x

FCF Yield —

Debt / Equity —

info Valuation on last close. End-of-day price, Nov 5, 2026.

4-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$90.00M

↑ +20.0% —

Net Income Profit after all expenses

$-133.97M

↑ +51.1% —

Operating Margin Operating profit as % of sales

-289.8%

↑ +23.8% 0th

FCF / Share Free cash flow per share

$-0.43

↑ +55.2% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile

Health Breakdown

Profitability ↑

Returns

Cash Quality ↑

Financial view

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📈 Is growth accelerating? 5 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗
Revenue Growth YoY (%)	20.0% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+66%)	4.3% Caution Caution Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-64%)	5.1% Fair Fair Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-57%)	—
EPS Growth YoY (%)	85.4% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-71.4% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	19.1% Good Good Year-over-year change in earnings per share Optimal: > 10%	—
Net Income Growth YoY (%)	51.1% Excellent ↑ Excellent Improving Year-over-year change in net income	-119.6% Weak Weak Year-over-year change in net income	15.7% Good Good Year-over-year change in net income	—
FCF Growth YoY (%)	55.2% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	25.2% Excellent Excellent Year-over-year change in free cash flow	28.6% Excellent Excellent Year-over-year change in free cash flow	—
Revenue CAGR 3Y (%)	9.6% Fair Fair Compound annual revenue growth over 3 years	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗
Operating Margin (%) (%)	-289.8% Weak → Weak Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1549%)	-380.6% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2003%)	-199.2% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1096%)	-249.6% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1348%)
Effective Tax Rate (%) (%)	—	-0.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.1% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%
Profit Margin (%) (%)	-148.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1092%)	-365.4% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2536%)	-173.6% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1257%)	-216.4% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1543%)
FCF Margin (%) (%)	-183.3% Weak → Weak Stable Free cash flow as a percentage of revenue Optimal: > 10%	-147.6% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-160.5% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-226.3% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%
FCF / Net Income (x)	1.23x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.40x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.92x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	1.05x Fair Fair Free cash flow relative to reported net income Optimal: > 1x

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗
Return on Invested Capital (%)	-12.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-30.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	21.1% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	30.9% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%
Return on Capital (%) (%)	-14.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-27.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-19.2% Weak Weak Operating profit relative to total assets Optimal: > 10%	-22.1% Weak Weak Operating profit relative to total assets Optimal: > 10%
Return on Common Equity (%) (%)	-8.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-144%)	-28.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-256%)	18.4% Good Good Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	26.8% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+45%)

⚖️ Is the balance sheet risky? 3 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗
Debt to Equity (x)	—	—	—	-0.01x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-102%)
Net Debt (USD)	$-293.49M	$-535.98M	$-425.96M	$-312.32M
Debt / EBITDA (x)	—	—	—	-0.03x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗
Revenue per Share (USD)	$0.24	$0.66	$0.81	$0.80
Basic EPS, GAAP (USD)	$-0.35	$-2.40	$-1.40	$-1.73
Free Cash Flow per Share (USD)	$-0.43	$-0.97	$-1.30	$-1.81
Book Value per Share (USD)	$4.35	$8.32	$-7.60	$-6.46
Tangible Book Value per Share (USD)	$4.35	$8.32	$-7.60	$-6.46
Basic Weighted Avg Shares (shares)	379.91M	114.32M	89.10M	85.32M

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗
Working Capital (USD)	$1.16B	$763.74M	$618.18M	$595.47M
Total Equity (USD)	$1.65B	$951.12M	$-677.25M	$-551.49M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗
Sales/Revenue/Turnover (USD)	$90.00M	$75.03M	$71.90M	$68.39M
Depreciation Expense (USD)	$7.10M	$9.80M	$15.50M	$17.60M
Net Income, GAAP (USD)	$-133.97M	$-274.12M	$-124.81M	$-148.02M
Operating Cash Flow (USD)	$-164.96M	$-110.76M	$-115.42M	$-154.77M

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 4 years · 4 quarters

Pony AI Inc.

Analytical Summary

4-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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