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Pony AI Inc.NasdaqGS:PONY Stock Report

Market Cap US$4.5b
Share Price
US$9.63
US$32.8
70.6% undervalued intrinsic discount
1Y-43.2%
7D-2.4%
Portfolio Value
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Pony AI Inc.

NasdaqGS:PONY Stock Report

Market Cap: US$4.5b

Pony AI (PONY) Stock Overview

Through its subsidiaries, engages in the autonomous mobility business in the People’s Republic of China and internationally. More details

PONY fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance0/6
Financial Health5/6
Dividends0/6

Rewards

Trading at 84.1% below our estimate of its fair value

Revenue is forecast to grow 44.67% per year

Risk Analysis

Currently unprofitable and not forecast to become profitable over the next 3 years

Shareholders have been diluted in the past year


PONY Community Fair Values

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See what 57 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

Top Community Narratives

PONY logo
Pony AI

Simple Math - Pony pays for each robotaxi in 8 months.

Both Guangzhou and Shenzhen allow 24 hour a day service. The average robotaxi fair price is $7.
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US$3.61
FV
166.8% overvalued intrinsic discount
145
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Software opportunity
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ZenaTech
Fair Value from
US$6.8569.3% undervalued intrinsic discount

ZenaTech: A big bet on the rise of AI drones and drones-as-a-service

Key Takeaways ZenaTech is focusing its efforts into building AI drones, combining Drone as a Service, SaaS, and AI as its key revenue drivers. Previously building software for agriculture, ZenaTech has shifted rapidly toward drone services, now driving ~70% of revenue after recent acquisitions.

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Pony AI Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Pony AI
Historical stock prices
Current Share PriceUS$9.63
52 Week HighUS$24.92
52 Week LowUS$8.24
Beta0
1 Month Change9.68%
3 Month Change-32.70%
1 Year Change-43.22%
3 Year Changen/a
5 Year Changen/a
Change since IPO-19.75%

Recent News & Updates

Seeking Alpha • Apr 22

Pony AI: A Big Year Ahead As Company Guides To Tripling Robotaxi Revenue

Summary Pony AI has declined ~30% YTD, which underappreciates the significant traction the company has built around its robotaxi business. PONY is planning to triple its fleet to 3k+ vehicles and triple robotaxi revenue in FY26. It intends to expand to 20+ new cities this year, with half planned for international markets (primarily in the Middle East). The company remains sufficiently well capitalized with ~$1.6 billion of cash without any debt, giving the company years of runway. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Apr 22

Pony AI: A Big Year Ahead As Company Guides To Tripling Robotaxi Revenue

Summary Pony AI has declined ~30% YTD, which underappreciates the significant traction the company has built around its robotaxi business. PONY is planning to triple its fleet to 3k+ vehicles and triple robotaxi revenue in FY26. It intends to expand to 20+ new cities this year, with half planned for international markets (primarily in the Middle East). The company remains sufficiently well capitalized with ~$1.6 billion of cash without any debt, giving the company years of runway. Read the full article on Seeking Alpha
Analysis Article • May 26

We're Hopeful That Pony AI (NASDAQ:PONY) Will Use Its Cash Wisely

We can readily understand why investors are attracted to unprofitable companies. For example, although...
Seeking Alpha • Apr 25

Pony AI: Risk Versus Potential

Summary Pony AI Inc., an autonomous driving company, remains unprofitable but has significant growth potential, making it a high-risk, high-reward investment for those seeking exposure to this sector. The autonomous driving market is gaining attention, with companies like Waymo and Tesla advancing their technologies, which could benefit Pony AI as investor interest grows. Pony AI's recent quarterly earnings showed $36 million in revenue, with a substantial cash reserve allowing it to sustain losses while expanding its robotaxi services and partnerships. Despite the risks, Pony AI's technology and international expansion efforts make PONY stock a potentially compelling, albeit speculative, investment opportunity in the rapidly evolving autonomous driving market. Read the full article on Seeking Alpha
Seeking Alpha • Apr 17

Pony AI: Huge Upside In A Booming Robotaxi Market

Summary Pony AI has faced a sharp stock decline but presents a buying opportunity due to its strong market position and long-term growth potential. The company is a pioneer in autonomous driving, operating robotaxis and robotrucks in key Chinese and U.S. markets, with significant recent route approvals. Strategic partnerships, like with AION for robotaxi production and international expansion into Europe, bolster PONY's growth prospects. Despite Q4 losses, PONY maintains a strong balance sheet with $745 million in cash and minimal debt, ensuring financial stability and focus on growth. One of the most important things about the Company is its emphasis on the software side of AB, reducing its CapEx significantly compared to its peers. Read the full article on Seeking Alpha
Seeking Alpha • Feb 24

Pony AI: A High-Growth Bet On Self-Driving Tech

Summary I’m bullish on Pony AI because it has no debt, a strong cash position, and impressive revenue growth potential. Despite its high valuation, I believe its leadership in China’s robotaxi market makes it a compelling long-term investment. I see institutional investors starting to accumulate shares, which could stabilize the stock and drive further upside. While geopolitical risks exist, Pony AI’s strategic expansion into high-demand transit routes reinforces my confidence in its future. Read the full article on Seeking Alpha
Seeking Alpha • Dec 31

Pony AI: Early-Stage China AV Play That Is Primed To Grow

Summary Pony AI Inc.'s recent IPO at $13 per share offered a promising international investment in a rapidly growing autonomous driving company. Pony AI, the first autonomous taxi company in China, is developing both Level 4 and Level 5 autonomous driving technologies, similar to Waymo in the U.S. The company targets massive end markets: Robotaxis ($66.6 billion by 2030) and robotrucks ($605 billion by 2035), with significant revenue from licensing its IP to the likes of Toyota. The company recently opened new airport routes in Beijing. Year to date in FY24, the company's revenue is already growing at a >2x y/y pace. PONY stock currently trades at ~25x forward revenue, which is modest for a company that has significant untapped revenue opportunity as more robotaxi routes open in China. Read the full article on Seeking Alpha
Seeking Alpha • Dec 12

Pony AI: An Attractive Autonomous Driving Technology Play

Summary Initiating coverage on Pony AI with a 'Buy' rating, citing industry tailwinds and significant growth potential in autonomous driving technology over the next 24–36 months. PONY's robotaxi and robotruck segments show strong early growth, with strategic partnerships and regulatory approvals positioning the company for future expansion. Despite current losses, the company's high R&D investment and industry partnerships are expected to drive innovation and long-term profitability. Regulatory risks and gradual adoption timelines are noted, but the large addressable market in China and beyond supports a positive long-term outlook. Read the full article on Seeking Alpha
Seeking Alpha • Nov 29

Pony AI IPO: What To Make Of It

Summary Pony AI, a Chinese autonomous vehicle company, recently went public, raising $260 million but experiencing initial share price volatility, now trading around $12. The company focuses on robotaxi and self-driving truck technology, with significant operations in China and partnerships with major automakers like Toyota. Despite strong revenue growth, Pony AI remains unprofitable, burning $90 million in cash in H1 2024. Pony AI is a high-risk, high-reward investment; for lower-risk exposure to autonomous driving, consider Alphabet, which owns Waymo and is highly profitable. Read the full article on Seeking Alpha

Shareholder Returns

PONYUS SoftwareUS Market
7D-2.4%3.7%3.2%
1Y-43.2%-7.9%31.0%

Return vs Industry: PONY underperformed the US Software industry which returned -7.9% over the past year.

Return vs Market: PONY underperformed the US Market which returned 31% over the past year.

Price Volatility

Is PONY's price volatile compared to industry and market?
PONY volatility
PONY Average Weekly Movement10.1%
Software Industry Average Movement9.7%
Market Average Movement7.1%
10% most volatile stocks in US Market16.1%
10% least volatile stocks in US Market3.2%

Stable Share Price: PONY has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: PONY's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20161,669James Pengpony.ai

Pony AI Inc., through its subsidiaries, engages in the autonomous mobility business in the People’s Republic of China and internationally. The company provides robotaxi services that include autonomous vehicle (AV) engineering solutions, such as AV software deployment and maintenance; vehicle integration and engineering; and road-testing services to original equipment manufacturers and transportation network companies. It also offers robotruck services that provide transportation services to logistics platforms.

Pony AI Inc. Fundamentals Summary

How do Pony AI's earnings and revenue compare to its market cap?
PONY fundamental statistics
Market capUS$4.45b
Earnings (TTM)-US$133.97m
Revenue (TTM)US$90.00m
46.4x
P/S Ratio
-31.2x
P/E Ratio

Is PONY overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PONY income statement (TTM)
RevenueUS$90.00m
Cost of RevenueUS$75.84m
Gross ProfitUS$14.16m
Other ExpensesUS$148.13m
Earnings-US$133.97m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

May 26, 2026

Earnings per share (EPS)-0.31
Gross Margin15.73%
Net Profit Margin-148.85%
Debt/Equity Ratio0%

How did PONY perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 11:16
End of Day Share Price 2026/05/07 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Pony AI Inc. is covered by 20 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jiong ShaoBarclays
Chen ChiBNP Paribas
Yawen TanBNP Paribas