Pony AI Inc. American Depositary Shares ^PONY

Finances

	2024	2023	2022	2021
Revenue	75.025 M ^{4.35 %}	71.899 M ^{5.14 %}	68.386 M ^{742.50 %}	8.117 M
Net income	-274.121 M ^{-119.63 %}	-124.812 M ^{15.68 %}	-148.018 M ^{34.13 %}	-224.704 M
Income before tax	-275.005 M ^{-119.21 %}	-125.454 M ^{15.42 %}	-148.324 M ^{33.83 %}	-224.157 M
Income before tax ratio	-3.67 ^{-110.07 %}	-1.74 ^{19.55 %}	-2.17 ^{92.15 %}	-27.62
EBITDA	-277.162 M ^{-115.02 %}	-128.898 M ^{16.27 %}	-153.945 M ^{23.62 %}	-201.563 M
Net income ratio	-3.65 ^{-110.48 %}	-1.74 ^{19.80 %}	-2.16 ^{92.18 %}	-27.68
Ratio EBITDA	-3.69 ^{-106.07 %}	-1.79 ^{20.36 %}	-2.25 ^{90.93 %}	-24.83
Gross profit ratio	0.15 ^{-35.28 %}	0.23 ^{-49.92 %}	0.47 ^{-39.69 %}	0.78
Weighted average shs out dil	114.319 M ^{28.55 %}	88.932 M ^{-74.52 %}	348.962 M ^{0.00 %}	348.962 M
Weighted average shs out	114.319 M ^{-67.24 %}	348.962 M ^{0.00 %}	348.962 M ^{0.00 %}	348.962 M
EPS diluted	-2.40 ^{-71.43 %}	-1.40 ^{-233.33 %}	-0.42 ^{34.38 %}	-0.64
Earnings per share	-2.40 ^{-566.67 %}	-0.36 ^{14.29 %}	-0.42 ^{34.38 %}	-0.64
Gross profit	11.403 M ^{-32.46 %}	16.884 M ^{-47.34 %}	32.064 M ^{408.15 %}	6.310 M
Income tax expense	1.000 K ^{100.79 %}	-126.000 K ^{-70.27 %}	-74.000 K ^{-113.53 %}	547.000 K
Cost of revenue	63.622 M ^{15.64 %}	55.015 M ^{51.46 %}	36.322 M ^{1 910.07 %}	1.807 M
General and administrative expenses	56.747 M ^{51.66 %}	37.417 M ^{-23.92 %}	49.178 M ^{-3.61 %}	51.018 M
Selling and marketing expenses	0.000	0.000	0.000	0.000
Other expenses	0.000	0.000	0.000	0.000
Operating expenses	296.926 M ^{85.44 %}	160.124 M ^{-21.04 %}	202.779 M ^{-8.50 %}	221.615 M
Cost and expenses	360.548 M ^{67.59 %}	215.139 M ^{-10.02 %}	239.101 M ^{7.02 %}	223.422 M
Research and development expenses	240.179 M ^{95.73 %}	122.707 M ^{-20.11 %}	153.601 M ^{-9.96 %}	170.597 M
Selling general and administrative expenses	56.747 M ^{51.66 %}	37.417 M ^{-23.92 %}	49.178 M ^{-3.61 %}	51.018 M
Interest income	20.388 M ^{5.25 %}	19.372 M ^{118.17 %}	8.879 M ^{145.98 %}	3.610 M
Interest expense	0.000	0.000	0.000	0.000
Depreciation and amortization	8.361 M ^{-41.70 %}	14.342 M ^{-14.48 %}	16.770 M ^{22.03 %}	13.742 M
Operating income	-285.523 M ^{-99.33 %}	-143.240 M ^{16.09 %}	-170.715 M ^{20.71 %}	-215.305 M
Operating income ratio	-3.81 ^{-91.03 %}	-1.99 ^{20.19 %}	-2.50 ^{90.59 %}	-26.53
Total other income expenses net	10.518 M ^{-40.86 %}	17.786 M ^{-20.57 %}	22.391 M ^{352.95 %}	-8.852 M
	2024	2023	2022	2021

	2024	2023	2022	2021
Net debt	-522.171 M ^{-24.74 %}	-418.604 M ^{-38.05 %}	-303.225 M ^{-25.02 %}	-242.541 M
Total investments	339.834 M ^{57.84 %}	215.306 M ^{-37.10 %}	342.296 M ^{-15.14 %}	403.382 M
Total debt	13.805 M ^{87.67 %}	7.356 M ^{-43.58 %}	13.037 M	0.000
Accumulated other comprehensive income loss	10.354 M ^{131.43 %}	4.474 M ^{6 313.89 %}	-72.000 K ^{-100.53 %}	13.613 M
Retained earnings	-1.288 B ^{-74.14 %}	-739.528 M ^{-20.32 %}	-614.659 M ^{-31.75 %}	-466.550 M
Common stock	175.000 K ^{288.89 %}	45.000 K ^{2.27 %}	44.000 K ^{4.76 %}	42.000 K
Total equity	968.711 M ^{39.35 %}	695.173 M ^{228.83 %}	-539.585 M ^{-35.50 %}	-398.211 M
Other non current liabilities	1.389 M ^{-9.39 %}	1.533 M ^{-10.56 %}	1.714 M ^{50.35 %}	1.140 M
Long term debt	9.835 M ^{337.89 %}	2.246 M ^{-40.71 %}	3.788 M	0.000
Total non current liabilities	11.224 M ^{197.01 %}	3.779 M ^{-99.70 %}	1.263 B ^{17.27 %}	1.077 B
Other current liabilities	62.917 M ^{89.92 %}	33.128 M ^{7.79 %}	30.735 M ^{5.22 %}	29.210 M
Deferred revenue	3.229 M ^{34.21 %}	2.406 M ^{-51.11 %}	4.921 M	0.000
Short term debt	2.928 M ^{-71.35 %}	10.220 M ^{10.50 %}	9.249 M	0.000
Total current liabilities	70.886 M ^{47.17 %}	48.165 M ^{0.14 %}	48.100 M ^{59.77 %}	30.105 M
Total liabilities	82.110 M ^{58.07 %}	51.944 M ^{-96.04 %}	1.311 B ^{18.42 %}	1.107 B
Other non current assets	54.817 M ^{659.24 %}	7.220 M ^{-41.42 %}	12.326 M ^{115.79 %}	5.712 M
Long term investments	130.799 M ^{152.94 %}	51.712 M ^{-35.88 %}	80.653 M ^{-64.50 %}	227.170 M
Intangible assets	-5.968 M ^{-348.17 %}	2.405 M ^{101.93 %}	1.191 M ^{46.86 %}	811.000 K
GoodWill	0.000	0.000	0.000	0.000
Goodwill and intangible assets	-5.968 M ^{-348.17 %}	2.405 M ^{101.93 %}	1.191 M ^{46.86 %}	811.000 K
Property plant equipment net	36.551 M ^{88.08 %}	19.434 M ^{-42.46 %}	33.774 M ^{2.03 %}	33.103 M
Total non current assets	216.199 M ^{167.67 %}	80.771 M ^{-36.87 %}	127.944 M ^{-52.04 %}	266.796 M
Other current assets	52.734 M ^{33.29 %}	39.562 M ^{25.75 %}	31.460 M ^{48.27 %}	21.218 M
Short term investments	209.035 M ^{27.78 %}	163.594 M ^{-37.47 %}	261.643 M ^{48.48 %}	176.212 M
cash and cash equivalents	535.976 M ^{25.83 %}	425.960 M ^{34.69 %}	316.262 M ^{30.40 %}	242.541 M
Cash and short term investments	745.011 M ^{26.37 %}	589.554 M ^{2.02 %}	577.905 M ^{38.01 %}	418.753 M
Total current assets	834.622 M ^{25.25 %}	666.346 M ^{3.54 %}	643.570 M ^{45.56 %}	442.140 M
Inventory	0.000	0.000	0.000	0.000
Net receivables	36.877 M ^{-0.95 %}	37.230 M ^{8.84 %}	34.205 M ^{1 476.99 %}	2.169 M
Tax assets	0.000	0.000	0.000	0.000
Other assets	0.000	0.000	0.000	0.000
Account payables	0.000	0.000	0.000	0.000
Tax payables	1.812 M ^{-24.84 %}	2.411 M ^{-24.54 %}	3.195 M ^{256.98 %}	895.000 K
Deferred revenue non current	0.000	0.000	0.000	0.000
Minority interest	17.589 M ^{57.82 %}	11.145 M ^{-6.36 %}	11.902 M ^{206.12 %}	3.888 M
Capital lease obligations	13.805 M ^{87.67 %}	7.356 M ^{-19.08 %}	9.091 M	0.000
Preferred stock	0.000 ^{-100.00 %}	1.361 B ^{8.25 %}	1.257 B ^{16.88 %}	1.076 B
Other total stockholders equity	2.228 B ^{3 758.18 %}	57.759 M ^{-8.61 %}	63.200 M ^{24.42 %}	50.796 M
Deferred tax liabilities non current	0.000	0.000	0.000	0.000
Other liabilities	0.000	0.000	0.000	0.000
Total assets	1.051 B ^{40.65 %}	747.117 M ^{-3.16 %}	771.514 M ^{8.83 %}	708.936 M
	2024	2023	2022	2021

	2024	2023	2022	2021
Deferred income tax	0.000 ^{100.00 %}	-120.000 K ^{74.79 %}	-476.000 K ^{-203.48 %}	460.000 K
Stock based compensation	127.003 M ^{3 802.98 %}	3.254 M ^{-75.32 %}	13.184 M ^{-67.89 %}	41.062 M
Change in working capital	12.161 M ^{161.88 %}	-19.653 M ^{41.88 %}	-33.815 M ^{-1 026.95 %}	3.648 M
Accounts receivables	-656.000 K ^{93.89 %}	-10.742 M ^{67.19 %}	-32.742 M ^{-1 763.52 %}	-1.757 M
Inventory	0.000	0.000	0.000	0.000
Accounts payables	23.220 M ^{2 120.89 %}	-1.149 M ^{-106.05 %}	19.007 M ^{53.83 %}	12.356 M
Other working capital	-10.403 M ^{-34.02 %}	-7.762 M ^{61.34 %}	-20.080 M ^{-188.88 %}	-6.951 M
Other non cash items	16.723 M ^{38.39 %}	12.084 M ^{654.06 %}	-2.181 M ^{-111.10 %}	19.648 M
Net cash provided by operating activities	-110.758 M ^{4.04 %}	-115.421 M ^{25.42 %}	-154.768 M ^{-5.90 %}	-146.144 M
Investments in property plant and equipment	-11.403 M ^{-123.98 %}	-5.091 M ^{57.69 %}	-12.033 M ^{52.62 %}	-25.398 M
Acquisitions net	52.026 K ^{-94.01 %}	868.244 K	0.000	0.000
Purchases of investments	-680.261 M ^{-739.65 %}	-81.018 M ^{62.01 %}	-213.236 M ^{50.71 %}	-432.597 M
Sales maturities of investments	510.339 M ^{130.29 %}	221.611 M ^{-19.14 %}	274.078 M ^{-46.56 %}	512.828 M
Other investing activites	5.690 K ^{-95.38 %}	123.075 K ^{-76.33 %}	520.000 K	0.000
Net cash used for investing activites	-181.267 M ^{-232.80 %}	136.494 M ^{176.70 %}	49.329 M ^{-10.04 %}	54.833 M
Debt repayment	-1.016 M ^{4.29 %}	-1.061 M ^{-24.38 %}	-853.000 K	0.000
Common stock issued	408.404 M	0.000	0.000 ^{-100.00 %}	120.479 M
Common stock repurchased	0.000 ^{100.00 %}	-4.552 M ^{15.69 %}	-5.399 M	0.000
Dividends paid	0.000	0.000	0.000	0.000
Other financing activites	509.000 ^{-100.00 %}	91.819 M ^{-52.28 %}	192.426 M ^{57.89 %}	121.874 M
Net cash used provided by financing activities	407.389 M ^{353.84 %}	89.764 M ^{-53.14 %}	191.573 M ^{57.19 %}	121.874 M
Effect of forex changes on cash	-5.397 M ^{-71.33 %}	-3.150 M ^{70.30 %}	-10.607 M ^{-545.11 %}	2.383 M
Net change in cash	109.967 M ^{2.12 %}	107.687 M ^{42.58 %}	75.527 M ^{129.24 %}	32.946 M
Cash at beginning of period	426.205 M ^{33.81 %}	318.518 M ^{31.08 %}	242.991 M ^{15.69 %}	210.045 M
Cash at end of period	536.172 M ^{25.80 %}	426.205 M ^{33.81 %}	318.518 M ^{31.08 %}	242.991 M
Operating cash flow	-110.758 M ^{4.04 %}	-115.421 M ^{25.42 %}	-154.768 M ^{-5.90 %}	-146.144 M
Capital expenditure	-11.397 M ^{-123.87 %}	-5.091 M ^{57.69 %}	-12.033 M ^{52.62 %}	-25.398 M
Free CashFlow	-122.155 M ^{-1.36 %}	-120.512 M ^{27.75 %}	-166.801 M ^{2.76 %}	-171.542 M
	2024	2023	2022	2021

	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31
Revenue	21.455 M ^{53.48 %}	13.979 M ^{-44.42 %}	25.153 M ^{0.00 %}	25.153 M ^{103.50 %}	12.360 M ^{0.00 %}	12.360 M ^{-58.53 %}	29.806 M ^{0.00 %}	29.806 M ^{385.12 %}	6.144 M ^{0.00 %}	6.144 M
Net income	-53.098 M ^{-23.52 %}	-42.988 M ^{61.41 %}	-111.402 M ^{0.00 %}	-111.402 M ^{-334.17 %}	-25.659 M ^{0.00 %}	-25.659 M ^{7.47 %}	-27.730 M ^{0.00 %}	-27.730 M ^{20.03 %}	-34.677 M ^{0.00 %}	-34.677 M
Income before tax	-53.262 M ^{-42.50 %}	-37.377 M ^{66.51 %}	-111.616 M ^{0.00 %}	-111.616 M ^{-331.17 %}	-25.887 M ^{0.00 %}	-25.887 M ^{7.13 %}	-27.875 M ^{0.00 %}	-27.875 M ^{20.02 %}	-34.853 M ^{0.00 %}	-34.853 M
Income before tax ratio	-2.48 ^{7.15 %}	-2.67 ^{39.75 %}	-4.44 ^{0.00 %}	-4.44 ^{-111.88 %}	-2.09 ^{0.00 %}	-2.09 ^{-123.95 %}	-0.94 ^{0.00 %}	-0.94 ^{83.51 %}	-5.67 ^{0.00 %}	-5.67
EBITDA	-61.268 M ^{-9.32 %}	-56.043 M ^{46.66 %}	-105.060 M ^{0.00 %}	-105.060 M ^{-213.42 %}	-33.521 M ^{0.00 %}	-33.521 M ^{-13.07 %}	-29.647 M ^{0.00 %}	-29.647 M ^{14.82 %}	-34.803 M ^{0.00 %}	-34.803 M
Net income ratio	-2.47 ^{19.52 %}	-3.08 ^{30.57 %}	-4.43 ^{0.00 %}	-4.43 ^{-113.35 %}	-2.08 ^{0.00 %}	-2.08 ^{-123.13 %}	-0.93 ^{0.00 %}	-0.93 ^{83.52 %}	-5.64 ^{0.00 %}	-5.64
Ratio EBITDA	-2.86 ^{28.77 %}	-4.01 ^{4.02 %}	-4.18 ^{0.00 %}	-4.18 ^{-54.01 %}	-2.71 ^{0.00 %}	-2.71 ^{-172.66 %}	-0.99 ^{0.00 %}	-0.99 ^{82.44 %}	-5.66 ^{0.00 %}	-5.66
Gross profit ratio	0.16 ^{-2.58 %}	0.17 ^{-5.47 %}	0.18 ^{0.00 %}	0.18 ^{67.54 %}	0.10 ^{0.00 %}	0.10 ^{-62.56 %}	0.28 ^{0.00 %}	0.28 ^{1 419.39 %}	0.02 ^{0.00 %}	0.02
Weighted average shs out dil	366.831 M ^{4.32 %}	351.651 M ^{92.85 %}	182.348 M ^{29.48 %}	140.831 M ^{60.39 %}	87.807 M ^{0.00 %}	87.807 M ^{-2.50 %}	90.057 M ^{0.00 %}	90.057 M ^{2.17 %}	88.144 M ^{0.00 %}	88.144 M
Weighted average shs out	366.831 M ^{4.32 %}	351.651 M ^{92.85 %}	182.348 M ^{-1.54 %}	185.202 M ^{122.83 %}	83.112 M ^{93.11 %}	43.038 M ^{-52.21 %}	90.057 M ^{0.00 %}	90.057 M ^{2.17 %}	88.144 M ^{0.00 %}	88.144 M
EPS diluted	-0.15 ^{-25.00 %}	-0.12 ^{87.88 %}	-0.99 ^{-65.00 %}	-0.60 ^{0.00 %}	-0.60 ^{0.00 %}	-0.60 ^{-93.55 %}	-0.31 ^{0.00 %}	-0.31 ^{20.51 %}	-0.39 ^{0.00 %}	-0.39
Earnings per share	-0.15 ^{-25.00 %}	-0.12 ^{87.88 %}	-0.99 ^{-65.00 %}	-0.60 ^{4.76 %}	-0.63 ^{48.36 %}	-1.22 ^{-293.55 %}	-0.31 ^{0.00 %}	-0.31 ^{20.51 %}	-0.39 ^{0.00 %}	-0.39
Gross profit	3.463 M ^{49.53 %}	2.316 M ^{-47.47 %}	4.409 M ^{0.00 %}	4.409 M ^{240.95 %}	1.293 M ^{0.00 %}	1.293 M ^{-84.48 %}	8.329 M ^{0.00 %}	8.329 M ^{7 270.80 %}	113.000 K ^{0.00 %}	113.000 K
Income tax expense	1.000 K	0.000 ^{100.00 %}	-500.000 ^{0.00 %}	-500.000 ^{-150.00 %}	1.000 K ^{0.00 %}	1.000 K ^{124.91 %}	-4.014 K ^{-300.70 %}	2.000 K ^{-96.72 %}	61.000 K ^{0.00 %}	61.000 K
Cost of revenue	17.992 M ^{54.27 %}	11.663 M ^{-43.78 %}	20.744 M ^{0.00 %}	20.744 M ^{87.44 %}	11.067 M ^{0.00 %}	11.067 M ^{-48.47 %}	21.477 M ^{0.00 %}	21.477 M ^{256.10 %}	6.031 M ^{0.00 %}	6.031 M
General and administrative expenses	15.701 M ^{44.40 %}	10.873 M	0.000	0.000 ^{-100.00 %}	7.956 M ^{4.37 %}	7.623 M	0.000	0.000	0.000	0.000
Selling and marketing expenses	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Other expenses	0.000	0.000 ^{100.00 %}	-56.584 M	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Operating expenses	64.731 M ^{10.92 %}	58.359 M ^{-47.57 %}	111.311 M ^{0.00 %}	111.311 M ^{199.61 %}	37.152 M ^{0.00 %}	37.152 M ^{-9.85 %}	41.211 M ^{0.00 %}	41.211 M ^{6.07 %}	38.852 M ^{0.00 %}	38.852 M
Cost and expenses	82.723 M ^{18.14 %}	70.022 M ^{-46.98 %}	132.055 M ^{0.00 %}	132.055 M ^{173.87 %}	48.219 M ^{0.00 %}	48.219 M ^{-23.08 %}	62.687 M ^{0.00 %}	62.687 M ^{39.67 %}	44.883 M ^{0.00 %}	44.883 M
Research and development expenses	49.030 M ^{3.25 %}	47.486 M ^{-67.76 %}	147.311 M ^{62.37 %}	90.727 M ^{208.99 %}	29.363 M ^{0.00 %}	29.363 M ^{-5.41 %}	31.043 M ^{0.00 %}	31.043 M ^{2.42 %}	30.311 M ^{0.00 %}	30.311 M
Selling general and administrative expenses	15.701 M ^{44.40 %}	10.873 M ^{-47.18 %}	20.584 M ^{0.00 %}	20.584 M ^{164.25 %}	7.790 M ^{0.00 %}	7.790 M ^{-23.39 %}	10.168 M ^{0.00 %}	10.168 M ^{19.04 %}	8.541 M ^{0.00 %}	8.541 M
Interest income	6.536 M ^{-70.57 %}	22.206 M ^{317.64 %}	5.317 M	0.000 ^{-100.00 %}	11.335 M	0.000 ^{-100.00 %}	9.954 M	0.000 ^{-100.00 %}	9.412 M	0.000
Interest expense	0.000	0.000	0.000	0.000 ^{-100.00 %}	5.660 M	0.000	0.000	0.000 ^{-100.00 %}	4.677 M	0.000
Depreciation and amortization	0.000 ^{-100.00 %}	2.090 M ^{13.45 %}	1.843 M ^{0.00 %}	1.843 M ^{-21.19 %}	2.338 M ^{0.00 %}	2.338 M ^{-27.73 %}	3.235 M ^{0.00 %}	3.235 M ^{-17.81 %}	3.936 M ^{0.00 %}	3.936 M
Operating income	-61.268 M ^{-9.32 %}	-56.043 M ^{47.58 %}	-106.903 M ^{0.00 %}	-106.903 M ^{-198.12 %}	-35.859 M ^{0.00 %}	-35.859 M ^{-9.06 %}	-32.882 M ^{0.00 %}	-32.882 M ^{15.12 %}	-38.739 M ^{0.00 %}	-38.739 M
Operating income ratio	-2.86 ^{28.77 %}	-4.01 ^{5.67 %}	-4.25 ^{0.00 %}	-4.25 ^{-46.50 %}	-2.90 ^{0.00 %}	-2.90 ^{-162.98 %}	-1.10 ^{0.00 %}	-1.10 ^{82.50 %}	-6.31 ^{0.00 %}	-6.31
Total other income expenses net	8.006 M ^{-57.11 %}	18.666 M ^{496.01 %}	-4.714 M ^{0.00 %}	-4.714 M ^{-177.73 %}	6.064 M ^{-56.31 %}	13.881 M ^{177.23 %}	5.007 M ^{0.00 %}	5.007 M ^{28.85 %}	3.886 M ^{0.00 %}	3.886 M
	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31

	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31
Net debt	-301.780 M ^{17.79 %}	-367.083 M ^{29.70 %}	-522.171 M ^{0.00 %}	-522.171 M ^{-58.34 %}	-329.774 M ^{0.00 %}	-329.774 M ^{21.22 %}	-418.604 M ^{0.00 %}	-418.604 M ^{-16.31 %}	-359.903 M ^{0.00 %}	-359.903 M ^{-18.69 %}	-303.225 M
Total investments	503.635 M ^{24.37 %}	404.937 M ^{19.16 %}	339.834 M ^{0.00 %}	339.834 M ^{49.35 %}	227.544 M ^{0.00 %}	227.544 M ^{5.68 %}	215.306 M ^{0.00 %}	215.306 M ^{-2.72 %}	221.333 M ^{0.00 %}	221.333 M ^{-35.34 %}	342.296 M
Total debt	16.753 M ^{38.45 %}	12.100 M ^{-12.35 %}	13.805 M ^{0.00 %}	13.805 M ^{177.10 %}	4.982 M ^{0.00 %}	4.982 M ^{-32.27 %}	7.356 M ^{0.00 %}	7.356 M ^{-27.83 %}	10.192 M ^{0.00 %}	10.192 M ^{-21.82 %}	13.037 M
Accumulated other comprehensive income loss	0.000	0.000 ^{-100.00 %}	10.354 M ^{0.00 %}	10.354 M ^{18.01 %}	8.774 M ^{0.00 %}	8.774 M ^{96.11 %}	4.474 M ^{0.00 %}	4.474 M ^{240.38 %}	-3.187 M ^{0.00 %}	-3.187 M ^{-4 326.39 %}	-72.000 K
Retained earnings	0.000	0.000 ^{100.00 %}	-1.288 B ^{0.00 %}	-1.288 B ^{-62.84 %}	-790.884 M ^{0.00 %}	-790.884 M ^{-6.94 %}	-739.528 M ^{0.00 %}	-739.528 M ^{-8.11 %}	-684.042 M ^{0.00 %}	-684.042 M ^{-11.29 %}	-614.659 M
Common stock	853.363 M ^{-5.17 %}	899.875 M ^{514 114.29 %}	175.000 K ^{0.00 %}	175.000 K ^{280.43 %}	46.000 K ^{0.00 %}	46.000 K ^{2.22 %}	45.000 K ^{0.00 %}	45.000 K ^{0.00 %}	45.000 K ^{0.00 %}	45.000 K ^{2.27 %}	44.000 K
Total equity	864.265 M ^{-5.79 %}	917.346 M ^{-5.30 %}	968.711 M ^{0.00 %}	968.711 M ^{49.25 %}	649.048 M ^{0.00 %}	649.048 M ^{197.44 %}	-666.105 M ^{-195.82 %}	695.173 M ^{212.15 %}	-619.871 M ^{-197.24 %}	637.472 M ^{218.14 %}	-539.585 M
Other non current liabilities	1.480 M ^{9.14 %}	1.356 M ^{-2.38 %}	1.389 M ^{0.00 %}	1.389 M ^{-14.31 %}	1.621 M ^{0.00 %}	1.621 M ^{5.74 %}	1.533 M ^{0.00 %}	1.533 M ^{-99.88 %}	1.258 B ^{133 052.17 %}	945.000 K ^{-99.92 %}	1.259 B
Long term debt	11.928 M ^{40.63 %}	8.482 M ^{-13.76 %}	9.835 M ^{0.00 %}	9.835 M ^{598.51 %}	1.408 M ^{0.00 %}	1.408 M ^{-37.31 %}	2.246 M ^{0.00 %}	2.246 M ^{11.19 %}	2.020 M ^{0.00 %}	2.020 M ^{-46.67 %}	3.788 M
Total non current liabilities	13.408 M ^{36.29 %}	9.838 M ^{-12.35 %}	11.224 M ^{0.00 %}	11.224 M ^{270.55 %}	3.029 M ^{0.00 %}	3.029 M ^{-99.78 %}	1.365 B ^{36 022.18 %}	3.779 M ^{-99.70 %}	1.260 B ^{42 406.17 %}	2.965 M ^{-99.77 %}	1.263 B
Other current liabilities	744.000 K ^{125.22 %}	-2.950 M ^{-104.69 %}	62.917 M ^{-2.81 %}	64.736 M ^{118.38 %}	29.644 M ^{-17.71 %}	36.022 M ^{8.74 %}	33.128 M ^{-19.71 %}	41.260 M ^{41.19 %}	29.223 M ^{-15.50 %}	34.582 M ^{12.52 %}	30.735 M
Deferred revenue	0.000	0.000 ^{-100.00 %}	3.229 M	0.000 ^{-100.00 %}	4.100 M	0.000 ^{-100.00 %}	2.406 M	0.000 ^{-100.00 %}	7.246 M	0.000 ^{-100.00 %}	4.921 M
Short term debt	4.825 M ^{-33.32 %}	7.236 M ^{147.13 %}	2.928 M ^{-26.25 %}	3.970 M ^{-44.46 %}	7.148 M ^{100.00 %}	3.574 M ^{-65.03 %}	10.220 M ^{100.00 %}	5.110 M ^{-37.47 %}	8.172 M ^{0.00 %}	8.172 M ^{-11.64 %}	9.249 M
Total current liabilities	113.373 M ^{151.09 %}	45.152 M ^{-36.30 %}	70.886 M ^{0.00 %}	70.886 M ^{70.86 %}	41.487 M ^{0.00 %}	41.487 M ^{-13.86 %}	48.165 M ^{0.00 %}	48.165 M ^{5.80 %}	45.526 M ^{0.00 %}	45.526 M ^{-5.35 %}	48.100 M
Total liabilities	126.781 M ^{130.55 %}	54.990 M ^{-33.03 %}	82.110 M ^{0.00 %}	82.110 M ^{84.45 %}	44.516 M ^{0.00 %}	44.516 M ^{-96.85 %}	1.413 B ^{2 620.66 %}	51.944 M ^{-96.02 %}	1.306 B ^{2 592.94 %}	48.491 M ^{-96.30 %}	1.311 B
Other non current assets	29.322 M ^{-58.07 %}	69.929 M ^{27.57 %}	54.817 M ^{0.00 %}	54.817 M ^{88.45 %}	29.088 M ^{0.00 %}	29.088 M ^{302.88 %}	7.220 M ^{0.00 %}	7.220 M ^{-4.74 %}	7.579 M ^{0.00 %}	7.579 M ^{-38.51 %}	12.326 M
Long term investments	214.142 M ^{38.90 %}	154.172 M ^{17.87 %}	130.799 M ^{0.00 %}	130.799 M ^{46.50 %}	89.284 M ^{0.00 %}	89.284 M ^{72.66 %}	51.712 M ^{0.00 %}	51.712 M ^{-10.40 %}	57.714 M ^{0.00 %}	57.714 M ^{-28.44 %}	80.653 M
Intangible assets	0.000	0.000 ^{100.00 %}	-5.968 M	0.000	0.000	0.000 ^{-100.00 %}	2.405 M	0.000	0.000	0.000 ^{-100.00 %}	1.191 M
GoodWill	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Goodwill and intangible assets	0.000	0.000 ^{100.00 %}	-5.968 M	0.000	0.000	0.000 ^{-100.00 %}	2.405 M	0.000	0.000	0.000 ^{-100.00 %}	1.191 M
Property plant equipment net	45.781 M ^{43.03 %}	32.008 M ^{-12.43 %}	36.551 M ^{19.52 %}	30.583 M ^{77.47 %}	17.233 M ^{0.00 %}	17.233 M ^{-11.33 %}	19.434 M ^{-11.01 %}	21.839 M ^{-15.46 %}	25.834 M ^{0.00 %}	25.834 M ^{-23.51 %}	33.774 M
Total non current assets	289.245 M ^{12.94 %}	256.109 M ^{18.46 %}	216.199 M ^{0.00 %}	216.199 M ^{59.43 %}	135.605 M ^{0.00 %}	135.605 M ^{67.89 %}	80.771 M ^{0.00 %}	80.771 M ^{-11.36 %}	91.127 M ^{0.00 %}	91.127 M ^{-28.78 %}	127.944 M
Other current assets	59.248 M ^{5.67 %}	56.068 M ^{6.32 %}	52.734 M ^{0.00 %}	52.734 M ^{5.57 %}	49.950 M ^{0.00 %}	49.950 M ^{26.26 %}	39.562 M ^{0.00 %}	39.562 M ^{-6.78 %}	42.438 M ^{0.00 %}	42.438 M ^{34.90 %}	31.460 M
Short term investments	289.493 M ^{15.44 %}	250.765 M ^{19.96 %}	209.035 M ^{0.00 %}	209.035 M ^{51.19 %}	138.260 M ^{0.00 %}	138.260 M ^{-15.49 %}	163.594 M ^{0.00 %}	163.594 M ^{-0.02 %}	163.619 M ^{0.00 %}	163.619 M ^{-37.46 %}	261.643 M
cash and cash equivalents	318.533 M ^{-15.99 %}	379.183 M ^{-29.25 %}	535.976 M ^{0.00 %}	535.976 M ^{60.11 %}	334.756 M ^{0.00 %}	334.756 M ^{-21.41 %}	425.960 M ^{0.00 %}	425.960 M ^{15.09 %}	370.095 M ^{0.00 %}	370.095 M ^{17.02 %}	316.262 M
Cash and short term investments	608.026 M ^{-3.48 %}	629.948 M ^{-15.44 %}	745.011 M ^{0.00 %}	745.011 M ^{57.50 %}	473.016 M ^{0.00 %}	473.016 M ^{-19.77 %}	589.554 M ^{0.00 %}	589.554 M ^{10.46 %}	533.714 M ^{0.00 %}	533.714 M ^{-7.65 %}	577.905 M
Total current assets	701.801 M ^{-2.01 %}	716.227 M ^{-14.19 %}	834.622 M ^{0.00 %}	834.622 M ^{49.58 %}	557.959 M ^{0.00 %}	557.959 M ^{-16.27 %}	666.346 M ^{0.00 %}	666.346 M ^{12.02 %}	594.836 M ^{0.00 %}	594.836 M ^{-7.57 %}	643.570 M
Inventory	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Net receivables	34.527 M ^{14.29 %}	30.211 M ^{-18.08 %}	36.877 M ^{0.00 %}	36.877 M ^{5.38 %}	34.993 M ^{0.00 %}	34.993 M ^{-6.01 %}	37.230 M ^{0.00 %}	37.230 M ^{99.26 %}	18.684 M ^{0.00 %}	18.684 M ^{-45.38 %}	34.205 M
Tax assets	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Other assets	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Account payables	107.804 M ^{163.80 %}	40.866 M	0.000 ^{-100.00 %}	2.180 M	0.000 ^{-100.00 %}	1.891 M	0.000 ^{-100.00 %}	1.795 M	0.000 ^{-100.00 %}	2.772 M	0.000
Tax payables	0.000	0.000 ^{-100.00 %}	1.812 M	0.000 ^{-100.00 %}	595.000 K	0.000 ^{-100.00 %}	2.411 M	0.000 ^{-100.00 %}	885.000 K	0.000 ^{-100.00 %}	3.195 M
Deferred revenue non current	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Minority interest	10.902 M ^{-37.60 %}	17.471 M ^{-0.67 %}	17.589 M ^{0.00 %}	17.589 M ^{65.68 %}	10.616 M ^{0.00 %}	10.616 M ^{-4.75 %}	11.145 M ^{0.00 %}	11.145 M ^{0.13 %}	11.130 M ^{0.00 %}	11.130 M ^{-6.49 %}	11.902 M
Capital lease obligations	16.753 M ^{38.45 %}	12.100 M ^{-12.35 %}	13.805 M ^{0.00 %}	13.805 M ^{177.10 %}	4.982 M ^{0.00 %}	4.982 M ^{-32.27 %}	7.356 M ^{0.00 %}	7.356 M ^{15.14 %}	6.389 M ^{0.00 %}	6.389 M ^{-29.72 %}	9.091 M
Preferred stock	0.000	0.000	0.000	0.000 ^{-100.00 %}	1.415 B ^{0.00 %}	1.415 B ^{3.92 %}	1.361 B ^{0.00 %}	1.361 B	0.000 ^{-100.00 %}	1.257 B	0.000
Other total stockholders equity	853.363 M ^{-5.17 %}	899.875 M ^{-59.62 %}	2.228 B ^{0.00 %}	2.228 B ^{38 071.36 %}	5.838 M ^{0.00 %}	5.838 M ^{-89.89 %}	57.759 M ^{0.00 %}	57.759 M ^{2.81 %}	56.183 M ^{0.00 %}	56.183 M ^{-11.10 %}	63.200 M
Deferred tax liabilities non current	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Other liabilities	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Total assets	991.046 M ^{1.92 %}	972.336 M ^{-7.47 %}	1.051 B ^{0.00 %}	1.051 B ^{51.51 %}	693.564 M ^{0.00 %}	693.564 M ^{-7.17 %}	747.117 M ^{0.00 %}	747.117 M ^{8.92 %}	685.963 M ^{0.00 %}	685.963 M ^{-11.09 %}	771.514 M
	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31

	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31
Deferred income tax	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Stock based compensation	7.205 M ^{-2.12 %}	7.361 M ^{-88.27 %}	62.772 M ^{0.00 %}	62.772 M ^{8 498.84 %}	730.000 K ^{0.00 %}	730.000 K ^{-29.81 %}	1.040 M ^{0.00 %}	1.040 M ^{23.96 %}	839.000 K ^{0.00 %}	839.000 K
Change in working capital	0.000	0.000 ^{100.00 %}	-3.222 M ^{0.00 %}	-3.222 M ^{-39.63 %}	-2.308 M ^{0.00 %}	-2.308 M ^{63.66 %}	-6.349 M ^{0.00 %}	-6.349 M ^{-118.70 %}	-2.903 M ^{0.00 %}	-2.903 M
Accounts receivables	0.000	0.000 ^{100.00 %}	-2.441 M ^{0.00 %}	-2.441 M ^{-170.77 %}	3.449 M ^{0.00 %}	3.449 M ^{132.55 %}	-10.594 M ^{0.00 %}	-10.594 M ^{-539.56 %}	2.410 M ^{0.00 %}	2.410 M
Inventory	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Accounts payables	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Other working capital	0.000	0.000 ^{100.00 %}	-781.500 K ^{0.00 %}	-781.500 K ^{86.42 %}	-5.756 M ^{0.00 %}	-5.756 M ^{-235.61 %}	4.245 M ^{0.00 %}	4.245 M ^{179.89 %}	-5.313 M ^{0.00 %}	-5.313 M
Other non cash items	20.482 M ^{210.52 %}	-18.532 M ^{-176.60 %}	24.192 M ^{0.00 %}	24.192 M ^{253.06 %}	6.852 M ^{246.94 %}	-4.663 M ^{-233.15 %}	3.502 M ^{0.00 %}	3.502 M ^{150.95 %}	1.396 M ^{0.00 %}	1.396 M
Net cash provided by operating activities	-25.411 M ^{53.08 %}	-54.159 M ^{-109.77 %}	-25.818 M ^{0.00 %}	-25.818 M ^{-43.07 %}	-18.046 M ^{38.95 %}	-29.561 M ^{-12.39 %}	-26.302 M ^{0.00 %}	-26.302 M ^{16.26 %}	-31.409 M ^{0.00 %}	-31.409 M
Investments in property plant and equipment	0.000	0.000 ^{100.00 %}	-4.746 M ^{0.00 %}	-4.746 M ^{-397.95 %}	-953.000 K ^{0.00 %}	-953.000 K ^{40.06 %}	-1.590 M ^{0.00 %}	-1.590 M ^{16.29 %}	-1.899 M ^{-98.78 %}	-955.500 K
Acquisitions net	0.000	0.000	0.000	0.000 ^{-100.00 %}	24.966 K	0.000 ^{-100.00 %}	856.157 K	0.000	0.000	0.000
Purchases of investments	0.000	0.000	0.000	0.000	0.000	0.000 ^{100.00 %}	-21.752 M	0.000	0.000	0.000
Sales maturities of investments	0.000	0.000	0.000	0.000	0.000	0.000 ^{-100.00 %}	29.958 M	0.000	0.000	0.000
Other investing activites	-67.145 M ^{28.01 %}	-93.271 M ^{-30.35 %}	-71.554 M ^{0.00 %}	-71.554 M ^{12.83 %}	-82.085 M ^{-248.44 %}	55.297 M ^{3 514.34 %}	-1.620 M ^{-141.79 %}	3.875 M ^{-94.29 %}	67.861 M ^{1.41 %}	66.918 M
Net cash used for investing activites	-67.145 M ^{28.01 %}	-93.271 M ^{-22.24 %}	-76.299 M ^{0.00 %}	-76.299 M ^{8.09 %}	-83.013 M ^{-252.75 %}	54.344 M ^{828.42 %}	5.853 M ^{156.17 %}	2.285 M ^{-96.54 %}	65.962 M ^{0.00 %}	65.962 M
Debt repayment	0.000	0.000	0.000	0.000 ^{100.00 %}	-709.044 K	0.000 ^{100.00 %}	-4.291 M	0.000	0.000	0.000
Common stock issued	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Common stock repurchased	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000 ^{100.00 %}	-2.276 M ^{0.00 %}	-2.276 M
Dividends paid	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000
Other financing activites	33.086 M ^{448.79 %}	-9.486 M ^{-104.65 %}	204.050 M ^{0.00 %}	204.050 M ^{57 861.36 %}	352.044 K ^{199.73 %}	-353.000 K	0.000 ^{-100.00 %}	49.868 M ^{1 940.15 %}	-2.710 M ^{0.00 %}	-2.710 M
Net cash used provided by financing activities	33.086 M ^{448.79 %}	-9.486 M ^{-104.65 %}	204.050 M ^{0.00 %}	204.050 M ^{57 256.72 %}	-357.000 K ^{-1.13 %}	-353.000 K ^{-100.35 %}	99.991 M ^{100.51 %}	49.868 M ^{1 100.16 %}	-4.986 M ^{0.00 %}	-4.986 M
Effect of forex changes on cash	-1.167 M ^{-1 056.56 %}	122.000 K ^{109.06 %}	-1.347 M ^{0.00 %}	-1.347 M ^{-159.37 %}	2.268 M ^{267.75 %}	-1.352 M ^{-168.33 %}	1.979 M ^{0.00 %}	1.979 M ^{155.68 %}	-3.554 M ^{0.00 %}	-3.554 M
Net change in cash	-60.637 M ^{-115.98 %}	379.378 M	0.000 ^{100.00 %}	-335.000 M ^{-237.88 %}	-99.148 M ^{-122.84 %}	434.148 M	0.000 ^{100.00 %}	-370.545 M ^{-200.00 %}	370.545 M	0.000
Cash at beginning of period	379.378 M ^{-29.24 %}	536.172 M	0.000	0.000 ^{-100.00 %}	434.148 M	0.000 ^{-100.00 %}	370.084 M ^{-0.12 %}	370.545 M	0.000	0.000
Cash at end of period	318.741 M ^{-15.98 %}	379.378 M ^{-29.24 %}	536.172 M	0.000 ^{-100.00 %}	335.000 M ^{-22.84 %}	434.148 M ^{1.91 %}	426.009 M	0.000 ^{-100.00 %}	370.545 M	0.000
Operating cash flow	-25.411 M ^{53.08 %}	-54.159 M ^{-109.77 %}	-25.818 M ^{0.00 %}	-25.818 M ^{12.66 %}	-29.561 M ^{0.00 %}	-29.561 M ^{-12.39 %}	-26.302 M ^{0.00 %}	-26.302 M ^{16.26 %}	-31.409 M ^{0.00 %}	-31.409 M
Capital expenditure	0.000	0.000 ^{100.00 %}	-4.746 M ^{0.00 %}	-4.746 M ^{-397.95 %}	-953.000 K ^{0.00 %}	-953.000 K ^{40.06 %}	-1.590 M ^{0.00 %}	-1.590 M ^{-66.41 %}	-955.500 K ^{0.00 %}	-955.500 K
Free CashFlow	-25.411 M ^{53.08 %}	-54.159 M ^{-77.20 %}	-30.564 M ^{0.00 %}	-30.564 M ^{-0.16 %}	-30.514 M ^{0.00 %}	-30.514 M ^{-9.40 %}	-27.892 M ^{0.00 %}	-27.892 M ^{13.82 %}	-32.365 M ^{0.00 %}	-32.365 M
	2025	2025	2024	2024	2024	2024	2023	2023	2023	2023

Date	Form 10K
2024	https://www.sec.gov/Archives/edgar/data/1969302/000141057825000895/pony-20241231x20f.htm
2023
2022
2021

Pony AI Inc. American Depositary Shares PONY

Finances

Pony AI Inc. American Depositary Shares ^PONY