PONY · Pony AI Inc. American Depositary Shares

Summary

Pony AI Inc. reported unaudited Q4 2025 financial results showing 159.5% YoY Robotaxi revenue growth to $6.7M and over 500% YoY fare-charging revenue surge, alongside fleet expansion to 1,446 vehicles as of March 25, 2026, with a target of 3,000+ vehicles across 20+ cities by year-end 2026. The filing confirms first-ever GAAP net profit for the quarter, driven by trading securities gains, while Non-GAAP net loss widened to $49.0M.

Key takeaways

• Robotaxi services revenues were $6.7 million in Q4 2025, up 159.5% from $2.6 million in Q4 2024.
• Fare-charging revenues surged over 500% year-over-year in Q4 2025.
• Robotaxi fleet size reached 1,446 units as of March 25, 2026, with target of over 3,000 by end of 2026.
• Achieved consecutive unit economics breakeven in Guangzhou (November 2025) and Shenzhen (February 2026).
• Daily net revenue per Gen-7 vehicle hit RMB394 with 25 orders on March 22, 2026 in Shenzhen.
• Q4 2025 GAAP net income was $75.5 million, primarily attributable to increase in fair value of trading securities.