Key Highlights
- Pony AI delivered Q4 results above expectations with adjusted EPS of $0.12 and quarterly revenue reaching $29.1 million
- Shares climbed 2.81% during pre-market hours following the earnings announcement and partnership reveal
- Robotaxi segment revenue skyrocketed 160% compared to the prior year, hitting $6.7 million in Q4
- The autonomous vehicle company unveiled a commercial robotaxi collaboration with Uber, set to debut in Zagreb, Croatia
- Vehicle fleet exceeded 1,400 units; management aims to reach more than 3,000 vehicles by the conclusion of 2026
Shares of Pony AI (PONY) advanced 2.81% during pre-market hours Thursday following the company’s fourth-quarter earnings release that exceeded Wall Street expectations and the announcement of a strategic collaboration with Uber Technologies to bring robotaxi operations to Europe.
Pony AI Inc. American Depositary Shares, PONY
The autonomous driving company delivered adjusted earnings per share of $0.12 for the fourth quarter, surpassing analyst projections. Quarterly revenue totaled $29.1 million.
Overall revenue declined 18% on a year-over-year basis from $35.5 million. This decrease stemmed primarily from timing-related factors affecting project-based income within the licensing and applications division, which contracted 53% to $9.4 million.
Robotruck services generated $13.1 million in revenue for the period, representing a modest 1.2% increase.
The standout performance came from the robotaxi division, where revenue exploded 160% year-over-year to reach $6.7 million. Within this segment, fare-charging revenue experienced extraordinary growth of over 500% compared to the same quarter last year.
On March 22, 2026, the company achieved a record daily net revenue of RMB394 per Gen-7 vehicle, with each unit completing 25 orders on average in Shenzhen.
Strategic Uber Alliance Expands Pony AI Into European Markets
The company revealed a significant agreement with Uber to introduce Europe’s first commercial robotaxi operation. Initial service will commence in Zagreb, Croatia, although a specific launch timeline was not disclosed.
Pony AI has recently extended its footprint to Croatia, Hangzhou, and Changsha. Management has set an ambitious target to operate in over 20 cities worldwide by the end of 2026.
Chief Executive Dr. James Peng described 2025 as “an amazing year,” highlighting fleet expansion, operational growth, and reaching unit economics breakeven across several tier-one Chinese cities.
The company achieved consecutive unit economics profitability in both Guangzhou and Shenzhen within a mere four-month window after introducing its Gen-7 robotaxi platform.
Vehicle Expansion and Balance Sheet Strength
Pony AI’s fleet surpassed 1,400 vehicles as of March 25, 2026. Leadership intends to more than double this figure, targeting over 3,000 vehicles before year-end.
Adjusted net loss expanded to $49 million for the quarter, compared to $41.3 million during the corresponding period in the previous year. Management attributed this increase to upfront investments designed to accelerate commercial deployment.
The company maintained a strong financial position with cash and cash equivalents of $1.5 billion as of December 31, 2025, providing substantial financial flexibility.
These financial results were disclosed as unaudited figures prepared according to U.S. GAAP standards. Pony AI reminded stakeholders to exercise appropriate caution when interpreting the preliminary numbers.
The latest analyst recommendation on Pony AI carries a Buy rating, with a price objective of HK$255.20.
As of March 25, 2026, Pony AI operated a fleet exceeding 1,400 vehicles, with the organization aggressively pursuing its ambitious 3,000-vehicle objective before the calendar year closes.
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