4 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 9.6% per year over the past 3 years.
Operating margin has contracted, at -289.8% in the latest year.
Financial health
The company is unprofitable; at its current free-cash-flow burn it has roughly 1.4 years of cash runway.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$90M
-$134M
15.7%
-289.8%
-$209M
—
$293M
2024
$75M
-$274M
15.2%
-380.6%
-$122M
—
$536M
2023
$72M
-$125M
23.5%
-199.2%
-$121M
—
$426M
2022
$68M
-$148M
46.9%
-249.6%
-$167M
—
$316M
Valuation over time
How the market has priced PONY against its own fundamentals since 2024-11 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has fallen from 69.2× (Nov '24) to 29.3× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is PONY growing its revenue and profit?
Over the past 3 years, Pony Ai Inc.'s revenue has grown 9.6% per year. These are computed facts, not advice.
How much debt does PONY have?
As of FY2025, Pony Ai Inc. reported — of total debt against $293M of cash.
What is PONY's profit margin?
In FY2025, gross margin was 15.7%, operating margin -289.8%, and net margin -148.9%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.