Pony AI Inc. American Depositary Shares (PONY) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	125.2M	90.2M	75.0M	71.9M	68.4M
Cost of Revenue	104.9M	76.0M	63.6M	55.0M	36.3M
Gross Profit	20.3M	14.2M	11.4M	16.9M	32.1M
Operating Expenses
R&D Expense	225.3M	218.0M	240.2M	122.7M	153.6M
SG&A Expense	63.0M	57.8M	56.7M	37.4M	49.2M
General & Admin Expense	30.0M	—	56.7M	37.4M	49.2M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	—	—	—	—	—
Total Operating Expenses	288.3M	275.7M	296.9M	160.1M	202.8M
Cost and Expenses	393.1M	351.8M	360.5M	215.1M	239.1M
Operating Income (EBIT)	(267.9M)	(261.5M)	(285.5M)	(143.2M)	(170.7M)
Non-Operating
Interest Income	36.6M	43.1M	20.4M	19.4M	8.9M
Interest Expense	—	—	—	—	—
Net Interest Income	36.6M	43.1M	20.4M	19.4M	8.9M
Other Non-Op Income/Expense	183.3M	184.6M	10.5M	17.8M	22.4M
Non-Operating Income (excl Interest)	(167.5M)	(184.6M)	(10.5M)	(17.8M)	(22.4M)
EBT (Pre-Tax Income)	(84.6M)	(77.0M)	(275.0M)	(125.5M)	(148.3M)
Income Tax Expense	—	—	1.0K	(126.0K)	(74.0K)
Bottom Line
Net Income	(148.0M)	(134.3M)	(274.1M)	(124.8M)	(148.0M)
Earnings from Cont. Ops	(84.6M)	(77.0M)	(275.0M)	(125.3M)	(148.3M)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	(148.0M)	(134.3M)	(274.1M)	(124.8M)	(148.0M)
Per Share
Basic EPS	($0.36)	($0.35)	($2.40)	($1.40)	($0.42)
Diluted EPS	($0.36)	($0.35)	($2.40)	($1.40)	($0.42)
Revenue Per Share	$0.29	$0.24	$0.66	$0.81	$0.20
Shares
Basic Shares Outstanding	433.6M	379.9M	114.3M	88.9M	349.0M
Diluted Shares Outstanding	433.6M	379.9M	114.3M	88.9M	349.0M
Profitability Metrics
EBITDA	(90.6M)	(70.7M)	(266.6M)	(111.1M)	(131.6M)
D&A	9.9M	6.2M	8.4M	14.3M	16.8M
EBIT	(100.4M)	(77.0M)	(275.0M)	(125.5M)	(148.3M)

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026