Pony AI Inc.
PONYTechnologyNASDAQInformation Technology Services · Last scanned Jun 2, 2026
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Daily timeframePony AI Inc., through its subsidiaries, engages in the autonomous mobility business in the People's Republic of China and internationally. With a market capitalization of $4.68B, it sits in mid-cap territory. 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.
Market Cap
$4.68B
Beta
—
P/E (TTM)
—
P/E (Fwd)
-17.65
EPS (TTM)
$-0.35
EPS (Fwd)
$-0.61
ROE
-7.2%
ROA
-12.1%
Cash
$1.07B
Total Debt
$16.4M
Free CF
-$170.7M
52W Change
-22.0%
Annual Financials
Cash vs Debt
With $1.07B in cash and $16.4M in debt, PONY maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. Free cash flow is running at -$170.7M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of -7.2% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has grown from $68.4M (2022) to $90.0M (2025), reflecting a 32% increase over the period.
The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Pony AI Inc.'s trajectory.