Pony.ai shares slide as revenue falls despite robotaxi surge

Proactive

Thu, March 26, 2026 astatine 10:29 AM CDT 1 min read

Shares of Pony.ai (NASDAQ: PONY) dropped 13.6% connected Thursday aft the autonomous conveyance developer reported fourth-quarter results showing mixed performance.

The institution posted a $75.5 cardinal GAAP nett profit, but the summation was mostly owed to a $132.5 cardinal insubstantial nett connected trading securities. Core non-GAAP operating losses widened to $65.9 cardinal arsenic Pony.ai front-loaded investments to grow its fleet.

Total gross fell 18% year-on-year to $29.1 million, dragged down by a 53% driblet successful licensing and applications revenue.

Pony.ai’s robotaxi business, however, showed beardown momentum. Revenue from robotaxi services jumped 160% to $6.7 million, with fare-charging gross surging much than 500%. Robotruck gross grew somewhat to $13.1 million.

“2025 marked an astonishing twelvemonth for Pony.ai,” said CEO Dr. James Peng, highlighting portion economics breakeven successful aggregate Chinese cities and a grounds regular nett gross of RMB394 per Gen-7 robotaxi successful Shenzhen.

The company’s fleet surpassed 1,400 vehicles arsenic of March 25, 2026, with plans to scope implicit 3,000 by year-end.

Expansion continues internationally, including caller operations successful Croatia, Hangzhou, and Changsha, and a strategical concern with Uber Technologies (NYSE: UBER) to motorboat Europe’s archetypal commercialized robotaxi work successful Zagreb.

Pony.ai ended 2025 with $1.5 cardinal successful cash.