Pony AI reports Q1 EPS (10c) vs. (28c) last year

Reports Q1 revenue $13.98M vs. $12.52M last year. James Peng, co-founder and CEO of Pony.ai, commented, “2025 is the year of scaling up for Pony.ai and we embraced it with strong growth momentum. Our robust total revenues in the first quarter were fueled by a 200% year-over-year rise in Robotaxi services, with fare-charging revenues achieving approximately 800% growth rate. As we accelerate production and drive cost efficiency through technological advancement, the unveiling of seventh-generation autonomous driving system enables us to reduce bill-of-materials costs by 70% compared to its predecessor, strongly bolstering our confidence to expand the fleet to 1,000 vehicles by year-end. Along with the ongoing efforts to forge alliance with strategic partners, we are laying a clear path toward large-scale commercialization.”