Pony AI Inc. Sponsored ADR (PONY) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 6.54M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.94
• Revenue Growth: 4.27%
• EPS Growth: -120.11%
• Country: US
• Employees: 1,460
• Sector: Industrials
• Sector Strength: 72
• Industry: Rental & Leasing Services
• EPS (TTM): N/A
• Shares Outstanding: 274,203,800
• 10 Day Avg. Volume: 6,662,183
• 30 Day Avg. Volume: 6,539,604
• PEG Ratio: -0.01
• Price to Book (P/B): 1.72
• Price to Sales (P/S): 21.87
• P/FCF Ratio: -13.43
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: $29.53
• Price Target Upside: 147.32% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: $12.00 ▲(0.50% Upside)

Pony AI Inc.'s overall stock score is primarily impacted by financial performance challenges and bearish technical indicators. Despite strong earnings call highlights, including revenue growth and global expansion, the negative valuation and profitability issues weigh heavily on the score.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand for Pony AI's services, enhancing its market position and supporting long-term expansion.

Global Expansion

Global expansion and regulatory approvals strengthen Pony AI's competitive edge, opening new markets and diversifying revenue streams.

Cost Optimization

Significant cost reductions improve margin sustainability, enhancing profitability and financial resilience over time.

Negative Factors

Increased Operating Expenses

Rising operating expenses could pressure margins and profitability, challenging the company's ability to sustain financial health.

Negative Cash Flow

Persistent negative cash flow can limit investment capacity and operational flexibility, impacting long-term growth potential.

Net Loss Increase

Increasing net losses highlight profitability challenges, potentially affecting investor confidence and future funding opportunities.

Pony AI Inc. Sponsored ADR Business Overview & Revenue Model

Company Description

Pony AI Inc. is an artificial intelligence company specializing in autonomous driving technology. Founded in 2016, the company operates primarily in the automotive and technology sectors, focusing on the development of self-driving software and hardware solutions. Pony AI partners with various automobile manufacturers and technology firms to enhance vehicle automation and improve transportation systems, aiming to create safer, more efficient mobility solutions.

How the Company Makes Money

Pony AI generates revenue through multiple streams, primarily by providing its autonomous driving technology to automotive manufacturers and commercial partners. The company often enters into partnerships and joint ventures with established car makers, licensing its technology for integration into their vehicles. Additionally, Pony AI may earn revenue through pilot programs and testing services, where it collaborates with municipalities and logistics companies to deploy its autonomous vehicles for real-world applications. Grants, government contracts, and investments from venture capital are also significant contributors to its financial model, supporting research and development initiatives.

Pony AI Inc. Sponsored ADR Financial Statement Overview

Summary

Pony AI Inc. is experiencing revenue growth, but profitability and cash flow challenges persist. The company has low leverage, which is a positive aspect, but the negative return on equity and cash flow issues highlight significant financial hurdles. Continued focus on improving profitability and cash flow is essential for future stability.

Income Statement

Pony AI Inc. shows a consistent increase in revenue, with a TTM revenue growth rate of 11.87%. However, the company is struggling with profitability, as indicated by negative net profit margins and EBIT margins, which have worsened over time. The gross profit margin has also decreased, indicating pressure on cost management.

Balance Sheet

The company maintains a low debt-to-equity ratio, suggesting conservative leverage. However, the negative return on equity and declining equity ratio highlight significant challenges in generating returns for shareholders. The improvement in stockholders' equity from negative to positive is a positive sign, but overall financial stability remains a concern.

Cash Flow

Pony AI Inc. has negative operating and free cash flows, indicating cash flow challenges. The free cash flow to net income ratio is positive, suggesting some efficiency in converting earnings to cash flow. However, the negative free cash flow growth rate in the TTM period indicates worsening cash flow conditions.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	85.74M	75.03M	71.90M	68.39M	8.12M
Gross Profit	14.60M	11.40M	16.88M	32.06M	6.31M
EBITDA	-325.34M	-277.16M	-128.90M	-153.94M	-201.56M
Net Income	-318.89M	-274.12M	-124.81M	-148.02M	-224.70M
Balance Sheet
Total Assets	991.05M	1.05B	747.12M	771.51M	708.94M
Cash, Cash Equivalents and Short-Term Investments	608.03M	745.01M	589.55M	577.90M	418.75M
Total Debt	16.75M	13.80M	7.36M	13.04M	0.00
Total Liabilities	126.78M	82.11M	51.94M	1.31B	1.11B
Stockholders Equity	853.36M	951.12M	684.03M	-551.49M	-402.10M
Cash Flow
Free Cash Flow	-140.70M	-122.16M	-120.51M	-166.80M	-171.54M
Operating Cash Flow	-131.21M	-110.76M	-115.42M	-154.77M	-146.14M
Investing Cash Flow	-313.01M	-181.27M	136.49M	49.33M	54.83M
Financing Cash Flow	431.70M	407.39M	89.76M	191.57M	121.87M

Pony AI Inc. Sponsored ADR Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 11.94
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PONY, the sentiment is Negative. The current price of 11.94 is below the 20-day moving average (MA) of 15.80, below the 50-day MA of 18.64, and below the 200-day MA of 14.69, indicating a bearish trend. The MACD of -2.05 indicates Positive momentum. The RSI at 26.88 is Positive, neither overbought nor oversold. The STOCH value of 7.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PONY.

Pony AI Inc. Sponsored ADR Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AER	77 Outperform	$23.39B	6.11	21.71%	0.82%	2.90%	67.73%
AL	73 Outperform	$7.13B	7.39	12.74%	1.38%	9.67%	96.43%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
FTAI	58 Neutral	$15.67B	34.94	263.05%	0.79%	50.37%	―
HTZ	49 Neutral	$1.59B	―	-567.03%	―	-7.36%	62.27%
PONY	44 Neutral	―	―	―	―	4.27%	-120.11%
CAR	41 Neutral	$4.65B	―	―	―	-1.22%	-639.34%

Pony AI Inc. Sponsored ADR Corporate Events

Pony AI Inc. Schedules Board Meeting and Earnings Call for Q3 Results

Pony AI Inc. announced that its board of directors will meet on November 25, 2025, to consider and approve the unaudited financial results for the quarter ending September 30, 2025. The company will also hold an earnings conference call on the same day to discuss these results, providing stakeholders with insights into its financial performance and operational progress.

Pony AI Reports Revenue Surge Amidst Robotaxi Expansion

Pony AI Inc. announced a significant increase in revenue for the first nine months of 2025, driven by growth in its robotaxi and licensing businesses. The robotaxi segment saw increased revenue from overseas AV engineering projects and new customers in China, with public-facing orders nearly doubling compared to the previous year. Despite stable revenue from the robotruck sector, the company experienced a notable rise in domain controller sales within its licensing and applications business. This growth contributed to improved gross profit margins, particularly in the robotaxi and robotruck segments. However, the company continues to face net operating cash outflows and requires capital expenditure to support its expansion.

Pony AI Inc. Restructures Board Committees Ahead of Hong Kong Listing

Pony AI Inc. announced a restructuring of its board committees, effective upon the anticipated listing of its Class A ordinary shares on the Hong Kong Stock Exchange on November 6, 2025. The restructuring will divide the existing nominating and corporate governance committee into two separate entities: a nomination committee and a corporate governance committee. This strategic move is expected to enhance the company’s governance structure, potentially impacting its operational efficiency and market positioning.

Pony AI Achieves 300th Robotaxi Milestone, Aims for 1,000-Vehicle Fleet

On October 24, 2025, Pony AI Inc. announced reaching a significant production milestone with the completion of its 300th ARCFOX Alpha T5 Robotaxi, developed in partnership with Beijing Automotive Industry Corporation. This achievement is a crucial step towards their goal of a 1,000-vehicle fleet by the end of the year. The company also participated in the 2025 World Intelligent Connected Vehicles Conference in Beijing, showcasing its advancements in large-scale production and commercial deployment. This milestone underscores Pony.ai’s commitment to scaling its operations efficiently and advancing the commercialization of autonomous mobility, which is expected to enhance its market positioning and stakeholder value.

Pony AI Inc. Pursues Dual Primary Listing on Hong Kong Stock Exchange

On October 20, 2025, Pony AI Inc. announced its application for a dual primary listing on the Hong Kong Stock Exchange, alongside an initial public offering of its Class A ordinary shares. This move is part of the company’s strategy to expand its market presence and enhance its financial disclosures in compliance with Hong Kong Stock Exchange rules. The announcement highlights the company’s efforts to strengthen its industry positioning amid the rapidly evolving autonomous driving sector, which presents significant technical and commercial challenges.

Pony AI Receives CSRC Approval for HKEX Listing

On October 14, 2025, Pony AI Inc. announced that it has received a notice of filing from the China Securities Regulatory Commission regarding its proposed global offering and dual primary listing on the Hong Kong Stock Exchange. This move, pending approval and market conditions, signifies a strategic expansion for Pony AI, potentially enhancing its market presence and providing new opportunities for growth in the autonomous mobility sector.