Pony AI Inc. American Depositary Shares
IndustrialsNASDAQ:PONY · NASDAQ Global Select
-$0.15 today
Vol 3.99M · Avg 5.14M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$110.4M of revenue converted into -$141.3M of net income for the selected period. Gross margin is 15.9% and net margin is -138.8%, showing how much revenue survives after costs and taxes. EPS is $-0.37, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $90.2M +20.3% | $75.0M +4.3% | $71.9M +5.1% | $68.4M +742.5% | $8.1M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $76.0M +19.5% | $63.6M +15.6% | $55.0M +51.5% | $36.3M +1910.1% | $1.8M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $14.2M +24.5% | $11.4M -32.5% | $16.9M -47.3% | $32.1M +408.1% | $6.3M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 15.7% +0.5pp | 15.2% -8.3pp | 23.5% -23.4pp | 46.9% -30.9pp | 77.7% | 9.8% | 28.9% | 38.3% |
| Research & Development | $218.0M -9.2% | $240.2M +95.7% | $122.7M -20.1% | $153.6M -10.0% | $170.6M | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $57.8M +1.8% | $56.7M +51.7% | $37.4M -23.9% | $49.2M -3.6% | $51.0M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $275.7M -7.1% | $296.9M +85.4% | $160.1M -21.0% | $202.8M -8.5% | $221.6M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $0 -100.0% | $8.4M -41.7% | $14.3M -14.5% | $16.8M +22.0% | $13.7M | $374.2M | $1.2B | $631.8M |
| EBITDA | -$77.0M +71.1% | -$266.6M -140.0% | -$111.1M +15.5% | -$131.6M +37.5% | -$210.4M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | -85.3% +270.1pp | -355.4% -200.9pp | -154.5% +37.8pp | -192.4% +2399.9pp | -2592.3% | 5.6% | 46.3% | 42.0% |
| Operating Income | -$261.5M +8.4% | -$285.5M -99.3% | -$143.2M +16.1% | -$170.7M +20.7% | -$215.3M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | -289.8% +90.7pp | -380.6% -181.3pp | -199.2% +50.4pp | -249.6% +2402.9pp | -2652.5% | 16.6% | 24.1% | 22.0% |
| Interest Income | $43.1M +111.4% | $20.4M +5.2% | $19.4M +118.2% | $8.9M +146.0% | $3.6M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $184.6M +1655.0% | $10.5M -40.9% | $17.8M -20.6% | $22.4M +352.9% | -$8.9M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | -$77.0M +72.0% | -$275.0M -119.2% | -$125.5M +15.4% | -$148.3M +33.8% | -$224.2M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | -85.3% +281.3pp | -366.6% -192.1pp | -174.5% +42.4pp | -216.9% +2544.7pp | -2761.6% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $0 -100.0% | $1.0K +100.8% | -$126.0K -70.3% | -$74.0K -113.5% | $547.0K | $1.3B | -$1.6B | $745.2M |
| Net Income | -$134.3M +51.0% | -$274.1M -119.6% | -$124.8M +15.7% | -$148.0M +34.1% | -$224.7M | $4.9B | $4.8B | $4.7B |
| Net Margin | -148.9% +216.5pp | -365.4% -191.8pp | -173.6% +42.9pp | -216.4% +2551.9pp | -2768.3% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | -$0 +85.4% | -$2 -566.7% | -$0 +14.3% | -$0 +34.4% | -$1 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | -$0 +85.4% | -$2 -71.4% | -$1 -233.3% | -$0 +34.4% | -$1 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $379.9M +232.3% | $114.3M -67.2% | $349.0M +0.0% | $349.0M +0.0% | $349.0M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $379.9M +232.3% | $114.3M +28.5% | $88.9M -74.5% | $349.0M +0.0% | $349.0M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
IES Holdings, Inc.
NASDAQ:IESC
$14.94B
Saia, Inc.
NASDAQ:SAIA
$12.88B
U-Haul Holding Company
NYSE:UHAL
$11.85B
Ryder System, Inc.
NYSE:R
$10.85B
Valmont Industries, Inc.
NYSE:VMI
$10.62B
American Airlines Group Inc.
NASDAQ:AAL
$9.91B
Zurn Elkay Water Solutions Corporation
NYSE:ZWS
$8.11B
Air Lease Corporation
AL
$7.28B
Fluor Corporation
NYSE:FLR
$7.09B
GATX Corporation
NYSE:GATX
$6.20B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does PONY generate?
Pony AI Inc. American Depositary Shares (PONY) reported $90.24M of revenue in fiscal 2025.
Is PONY profitable?
Pony AI Inc. American Depositary Shares (PONY) reported -$134,323,312.00 of net income, with a net margin of -148.9%.
Explore More
Continue the stock analysis
Jump to another research area for this company.