Key Highlights

  • Pony AI delivered Q4 results exceeding expectations with EPS of $0.12 and revenue totaling $29.1 million
  • Shares gained 2.81% during pre-market hours following earnings release and partnership announcement
  • Robotaxi segment generated $6.7 million in Q4, representing a 160% increase compared to the prior year
  • Company revealed a commercial robotaxi collaboration with Uber, beginning operations in Zagreb, Croatia
  • Vehicle fleet exceeded 1,400 units; management aims to reach 3,000+ vehicles before 2026 concludes

Pony AI (PONY) experienced a 2.81% increase during Thursday’s pre-market session following the release of fourth quarter financial results that surpassed Wall Street expectations and the unveiling of a strategic partnership with Uber Technologies to bring robotaxi operations to Europe.


PONY Stock Card
Pony AI Inc. American Depositary Shares, PONY

The autonomous vehicle company delivered adjusted earnings per share of $0.12 for the fourth quarter, exceeding analyst projections. Quarterly revenue reached $29.1 million.

Year-over-year revenue declined 18% from the $35.5 million recorded in the previous year’s quarter. Management attributed the decrease primarily to timing factors affecting project-based income within the licensing and applications division, which contracted 53% to $9.4 million.

Robotruck operations generated $13.1 million during the quarter, representing a modest 1.2% increase.

Investors focused heavily on the robotaxi division, where revenue soared 160% year-over-year to reach $6.7 million. Within this segment, fare-charging revenue skyrocketed by more than 500% compared to the same period last year.

March 22, 2026 marked a milestone when daily net revenue per Gen-7 vehicle reached an unprecedented high of RMB394, with each vehicle completing 25 orders in Shenzhen.

European Market Entry Through Uber Collaboration

Management unveiled a strategic collaboration with Uber to establish the first commercial robotaxi operation in Europe. Zagreb, Croatia will serve as the initial launch market, although the company has yet to announce a specific start date.

Pony AI has broadened its operational footprint to include Croatia, Hangzhou, and Changsha. The organization aims to establish presence in more than 20 cities worldwide before 2026 ends.

CEO Dr. James Peng described 2025 as “an amazing year,” highlighting fleet expansion, operational growth, and the achievement of unit economics breakeven across multiple tier-one Chinese cities.

The company reached consecutive unit economics breakeven in both Guangzhou and Shenzhen within merely four months after deploying its Gen-7 robotaxi platform.

Vehicle Fleet Expansion and Balance Sheet Strength

Pony AI’s operational fleet surpassed 1,400 vehicles as of March 25, 2026. Management has set ambitious targets to more than double this figure, exceeding 3,000 vehicles before year-end.

Adjusted net loss for the quarter expanded to $49 million, compared with $41.3 million during the corresponding period in the previous year. Company executives characterized this as strategic investment loaded upfront to accelerate the pace of commercialization.

Cash and cash equivalents totaled $1.5 billion at December 31, 2025, providing substantial financial flexibility.

The company released these figures as unaudited results prepared under U.S. GAAP standards. Management advised investors to exercise appropriate caution regarding the preliminary nature of these unaudited figures.

Current analyst consensus rates the stock as a Buy, with a price target set at HK$255.20.

As of March 25, 2026, Pony AI operated a fleet exceeding 1,400 vehicles, maintaining aggressive momentum toward the 3,000-unit milestone planned for completion before the calendar year ends.