PONY Pony AI Inc. - American Depositary Shares
NASDAQ · Technology · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Apr 22, 2026
$6.07
· of 52w range
· above low
· to high
$5.9852w low
$24.7952w high
P/E
-41.4
EPS
$-0.35
Revenue
$90M
your badges
52W Range
$6–$25
Analyst Rating
BUY
Price Target
$20
P/E
-41.4
ROE
-10.3%
Net Profit Margin
-148.8%
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PONY Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$6.07
P/E
-41.4
EPS
$-0.35
Revenue
$90M
ROE
-10.3%
Debt/Equity
0.0
52W Range
$6–$25
PONY Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue$90M2022-12-31 → 2025-12-31
EPS$-0.352022-12-31 → 2025-12-31
Free Cash Flow$-209M2024-12-31 → 2025-12-31
Net margin-148.8%2024-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | PONY | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | -41.4 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | PONY | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin | 15.7% | · | · | · | |
| Operating Margin | -289.8% | · | · | · | |
| EBITDA Margin | -281.9% | · | · | · | |
| Pretax Margin | -85.3% | · | · | · | |
| Net Profit Margin | -148.8% | · | · | · | |
| ROA | -9.4% | · | · | · | |
| ROE | -10.3% | · | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | PONY | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity | 0.0 | · | · | · | |
| Current Ratio | 13.7 | · | · | · | |
| Quick Ratio | 13.0 | · | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | PONY | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.1 | · | · | · | |
| Receivables Turnover | 3.4 | · | · | · | |
| Revenue / Employee | ≈$53.9K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
26.6%
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 18, 2026 | $-0.10 | $-0.13 | 22.2% |
| March 31, 2026 | May 26, 2026 | $-0.09 | $-0.11 | 21.7% |
| Dec. 31, 2025 | $-0.12 | $-0.19 | 35.9% | |
| June 30, 2025 | $-0.13 | — | — | |
| March 31, 2025 | $-0.31 | — | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | $90M | $75M | $72M | $68M | |
| Cost of Revenue | $76M | $64M | $55M | $36M | |
| Gross Profit | $14M | $11M | $17M | $32M | |
| R&D Expense | $217M | $240M | $123M | $154M | |
| SG&A Expense | $58M | $57M | $37M | $49M | |
| Operating Expenses | $275M | $297M | $160M | $203M | |
| Operating Income | $-261M | $-286M | $-143M | $-171M | |
| Other Non-op | $13M | $6M | $6M | $10M | |
| Pretax Income | $-77M | $-275M | $-125M | $-148M | |
| Income Tax | · | $1.0K | $-126.0K | $-74.0K | |
| Net Income | $-134M | $-274M | $-125M | $-148M | |
| EPS (Basic) | $-0.35 | $-2.40 | $-1.40 | $-1.73 | |
| EPS (Diluted) | $-0.35 | $-2.40 | $-1.40 | $-1.73 | |
| Shares (Basic) | 379,914,317 | 114,318,765 | 89,100,415 | 85,319,170 | |
| Shares (Diluted) | 379,914,317 | 114,318,765 | 89,100,415 | 85,319,170 | |
| EBITDA | $-254M | $-276M | · | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Cash & Equivalents | $293M | $536M | $426M | $316M | |
| Short-term Investments | $872M | $209M | $164M | $262M | |
| Receivables | $24M | $29M | $32M | $26M | |
| Prepaid Expense | $48M | $53M | $40M | $30M | |
| Current Assets | $1.25B | $835M | $666M | $644M | |
| Other Non-current Assets | $7M | $2M | $7M | $9M | |
| Total Assets | $1.81B | $1.05B | $747M | $772M | |
| Accounts Payable | $17M | $15M | $14M | $10M | |
| Short-term Debt | $13M | · | · | $4M | |
| Current Liabilities | $91M | $71M | $48M | $48M | |
| Capital Leases | $10M | $10M | $2M | $4M | |
| Other Non-current Liabilities | $2M | $1M | $2M | $2M | |
| Total Liabilities | $104M | $82M | $52M | $54M | |
| Total Debt | $13M | · | · | · | |
| Paid-in Capital | $3.08B | $2.23B | $58M | $63M | |
| Retained Earnings | $-1.42B | $-1.29B | $-740M | $-615M | |
| AOCI | $-5M | $10M | $4M | $-163.0K | |
| Stockholders' Equity | $1.65B | $951M | $-677M | $-551M | |
| Liabilities + Equity | $1.81B | $1.05B | $747M | $772M |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| D&A | $7M | $10M | $16M | $18M | |
| Stock-based Comp | $31M | $127M | $3M | $13M | |
| Deferred Tax | · | · | $-120.0K | $-476.0K | |
| Other Non-cash | $-69M | $27M | · | · | |
| Operating Cash Flow | $-165M | $-111M | $-115M | $-155M | |
| CapEx | $44M | $11M | $5M | $12M | |
| Investing Cash Flow | $-889M | $-181M | $136M | $49M | |
| Stock Repurchased | · | · | $994.0K | · | |
| Financing Cash Flow | $815M | $407M | $90M | $192M | |
| Net Change in Cash | $-240M | $110M | $108M | $76M | |
| Taxes Paid | · | $1.0K | $434.0K | $9.0K | |
| Free Cash Flow | $-209M | $-122M | · | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Gross Margin | 15.7% | 15.2% | · | · | |
| Operating Margin | -289.8% | -380.6% | · | · | |
| Net Margin | -148.8% | -365.4% | · | · | |
| Pretax Margin | -85.3% | -366.6% | · | · | |
| EBITDA Margin | -281.9% | -367.5% | · | · | |
| ROA | -9.4% | -30.5% | · | · | |
| ROE | -10.3% | -200.2% | · | · | |
| ROIC | · | -30.0% | · | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Current Ratio | 13.7 | 11.8 | · | · | |
| Quick Ratio | 13.0 | 10.9 | · | · | |
| Debt / Equity | 0.0 | · | · | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | · | |
| Receivables Turnover | 3.4 | 2.5 | · | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue / Share | $0.24 | $0.66 | · | · | |
| Cash Flow / Share | $-0.43 | $-0.97 | · | · | |
| EPS (TTM) | $-0.35 | $-2.40 | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue TTM | $90M | $75M | · | · | |
| Net Income TTM | $-134M | $-274M | · | · | |
| P/E | -41.4 | -6.0 | · | · | |
| Earnings Yield | -2.4% | -16.7% | · | · |
No quarterly filings for PONY
We don't have SEC filings for this ticker yet.
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | $90M | $75M | $72M | $68M |
| Gross Margin % | 15.7% | 15.2% | · | · |
| Operating Margin % | -289.8% | -380.6% | · | · |
| Net Income | $-134M | $-274M | $-125M | $-148M |
| Diluted EPS | $-0.35 | $-2.40 | $-1.40 | $-1.73 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Debt / Equity | 0.0 | · | · | · |
| Current Ratio | 13.7 | 11.8 | · | · |
| Quick Ratio | 13.0 | 10.9 | · | · |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | $-209M | $-122M | · | · |
Institutional owners (13F) 178 filers · $1.1B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
178
Value held
$1.1B
New positions
38
Exited positions
28
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 38 (-12 vs prior Q) | 28 (-4 vs prior Q) | 72 (+23 vs prior Q) | 35 (-14 vs prior Q) | +22.7M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| ONTARIO TEACHERS PENSION PLAN BOARD | $150,410,274 | 21,641,766 | 13.98% | Shares |
| S.A.C. Capital Advisors (Hong Kong) Ltd. | $124,208,499 | 5,522,833 | 11.55% | Shares |
| BAILLIE GIFFORD & CO | $86,326,436 | 12,421,070 | 8.03% | Shares |
| FMR LLC | $75,147,621 | 10,812,608 | 6.99% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $56,654,537 | 8,151,732 | 5.27% | Shares |
| HSG Holding Ltd | $52,391,588 | 7,538,358 | 4.87% | Shares |
| TMT General Partner Ltd | $48,247,838 | 6,942,135 | 4.49% | Shares |
| NORGES BANK | $36,887,035 | 5,307,487 | 3.43% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $30,779,955 | 4,428,729 | 2.86% | Shares |
| UBS Group AG | $30,489,927 | 4,387,040 | 2.83% | Shares |
| IDG China Venture Capital Fund IV Associates L.P. | $27,725,288 | 3,989,250 | 2.58% | Shares |
| MORGAN STANLEY | $20,212,693 | 2,908,301 | 1.88% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $19,452,981 | 2,798,990 | 1.81% | Shares |
| Eurizon Capital SGR S.p.A. | $19,014,484 | 2,735,897 | 1.77% | Shares |
| BAMCO INC /NY/ | $18,904,563 | 2,720,081 | 1.76% | Shares |
| M&G PLC | $17,029,383 | 2,432,769 | 1.58% | Shares |
| Carlyle Group Inc. | $16,419,007 | 2,362,447 | 1.53% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $15,467,211 | 2,225,498 | 1.44% | Shares |
| ARK Investment Management LLC | $15,376,555 | 2,212,454 | 1.43% | Shares |
| GOLDMAN SACHS GROUP INC | $12,950,213 | 1,863,340 | 1.20% | Shares |
| Lingotto Investment Management LLP | $12,628,609 | 1,817,066 | 1.17% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $11,097,023 | 1,596,694 | 1.03% | Shares |
| Amova Asset Management Americas, Inc. | $11,065,089 | 1,596,694 | 1.03% | Shares |
| Ghisallo Capital Management LLC | $10,425,000 | 1,500,000 | 0.97% | Shares |
| CITADEL ADVISORS LLC | $7,359,529 | 1,058,925 | 0.68% | Shares |
| MASTERS CAPITAL MANAGEMENT LLC | $6,950,000 | 1,000,000 | 0.65% | Call option |
| MASTERS CAPITAL MANAGEMENT LLC | $6,602,500 | 950,000 | 0.61% | Shares |
| STATE STREET CORP | $6,353,343 | 914,150 | 0.59% | Shares |
| FIL Ltd | $6,214,732 | 894,206 | 0.58% | Shares |
| Marex Group Ltd | $6,085,983 | 875,681 | 0.57% | Shares |
| Flight Deck Capital, LP | $5,837,305 | 839,900 | 0.54% | Shares |
| Yiheng Capital Management, L.P. | $4,539,844 | 653,215 | 0.42% | Shares |
| ARMISTICE CAPITAL, LLC | $4,517,500 | 650,000 | 0.42% | Shares |
| WOLVERINE TRADING, LLC | $4,160,032 | 183,100 | 0.39% | Call option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $3,863,505 | 555,900 | 0.36% | Call option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $3,802,123 | 547,068 | 0.35% | Shares |
| Cubist Systematic Strategies, LLC | $3,778,263 | 167,997 | 0.35% | Shares |
| Legal & General Group Plc | $3,350,589 | 482,370 | 0.31% | Shares |
| WOLVERINE TRADING, LLC | $3,271,680 | 144,000 | 0.30% | Put option |
| Waterloo Capital, L.P. | $3,122,517 | 449,283 | 0.29% | Shares |
| BANK OF AMERICA CORP /DE/ | $3,103,711 | 446,577 | 0.29% | Shares |
| BlackRock, Inc. | $2,980,550 | 428,856 | 0.28% | Shares |
| DNCA FINANCE | $2,966,260 | 426,800 | 0.28% | Shares |
| CITADEL ADVISORS LLC | $2,849,500 | 410,000 | 0.26% | Call option |
| Balyasny Asset Management L.P. | $2,776,087 | 399,437 | 0.26% | Shares |
| BARCLAYS PLC | $2,689,664 | 387,002 | 0.25% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $2,632,730 | 378,810 | 0.24% | Shares |
| Fideuram Asset Management (Ireland) dac | $2,387,307 | 304,649 | 0.22% | Shares |
| CloudAlpha Capital Management Limited/Hong Kong | $2,323,746 | 334,352 | 0.22% | Shares |
| CITADEL ADVISORS LLC | $2,321,995 | 334,100 | 0.22% | Put option |
Company insiders 9 insiders · 6 officers · 5 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Jun Peng | Chief Executive Officer | Sept. 30, 2026 J | · | 0 | 0 | $0 |
| Haojun Wang | Chief Financial Officer | Sept. 25, 2026 M | 1,463,466 | 0 | 3 | $-350,843 |
| Ning Zhang | Vice President | Sept. 25, 2026 M | 645,835 | 0 | 3 | $-428,621 |
| Luyi Mo | Vice President | Sept. 25, 2026 M | 362,737 | 0 | 3 | $-360,032 |
| Tiancheng Lou | Chief Technology Officer | Sept. 25, 2026 M | 85,718 | 0 | 0 | $0 |
| Tian Gao | VP, Chief of Staff, GC | March 30, 2026 S | 331,683 | 0 | 1 | $-274,265 |
| Mark Qiu | Director | April 14, 2026 A | · | 0 | 0 | $0 |
| Asmau Ahmed | Director | April 14, 2026 A | · | 0 | 0 | $0 |
| Jackson P Tai | Director | April 14, 2026 A | · | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 12 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| ARKQ · ARK ETF Trust | 1.22% | 2,880,586 NS | July 31, 2026 | N-PORT |
| AIBU · Direxion Shares ETF Trust | 0.20% | 5,800 NS | July 31, 2026 | N-PORT |
| TRFM · ETF Series Solutions | 0.18% | 57,451 NS | July 31, 2026 | N-PORT |
| PGJ · Invesco Exchange-Traded Fund Trust | 0.10% | 12,628 SH | Oct. 1, 2026 | Daily |
| BKEM · BNY Mellon ETF Trust | 0.01% | 1,613 NS | July 31, 2026 | N-PORT |
| VWO · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.01% | 3,577,538 SH | Aug. 19, 2026 | Daily |
| TLTE · FlexShares Trust | 0.01% | 2,208 NS | July 31, 2026 | N-PORT |
| FBCG · FIDELITY COVINGTON TRUST | 0.00% | 1,120 NS | July 31, 2026 | N-PORT |
| VXUS · VANGUARD STAR FUNDS | 0.00% | 3,770,030 SH | Aug. 19, 2026 | Daily |
| VEU · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 600,439 SH | Aug. 19, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 203,725 SH | Aug. 19, 2026 | Daily |
| FTLS · First Trust Exchange-Traded Fund III | -0.03% | -91,107 NS | July 31, 2026 | N-PORT |
PONY Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 25 analysts
BUY
Median target
$18.65
+207.2%
11 44.0%
Strong Buy
12 48.0%
Buy
2 8.0%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
16 analysts · 2026-09-27Mean target $20.12 +231.4%
← Below all targets
Current price $6.07
Low$10.00
Mean$20.12
High$32.80
Latest News Recent headlines mentioning this company
HSBC Initiates Coverage of Pony AI (PONY) with a Buy Rating
Yahoo Finance · 5 months, 3 weeks ago
Pony AI (PONY) Gets $16.60 Target in HSBC Buy Initiation
Yahoo Finance · 5 months, 3 weeks ago
Pony AI (PONY) Expands Robotaxi Access via Tencent Integration
Yahoo Finance · 6 months, 1 week ago
Pony.ai Delivers 100+ Gen-7 Robotaxis To Chenqi Mobility For OnTime Platform Launch
Nasdaq · 6 months, 2 weeks ago
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Source: SEC 20-F filed Apr 22, 2026