PONY - Pony AI Inc. American Depositary Shares
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$23.67
DETAILS
HIGH:
$30.00
LOW:
$17.00
MEDIAN:
$24.00
CONSENSUS:
$23.67
UPSIDE:
187.61%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | |||||
| Revenue | 90.2 | 75.0 | 71.9 | 68.4 | 8.1 |
| Cost of Revenue | 76.0 | 63.6 | 55.0 | 36.3 | 1.8 |
| Gross Profit | 14.2 | 11.4 | 16.9 | 32.1 | 6.3 |
| Operating Expenses | |||||
| R&D Expenses | 218.0 | 240.2 | 122.7 | 153.6 | 170.6 |
| SG&A Expenses | 57.8 | 56.7 | 37.4 | 49.2 | 51.0 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 275.7 | 296.9 | 160.1 | 202.8 | 221.6 |
| Operating Income | |||||
| Operating Income | (261.5) | (285.5) | (143.2) | (170.7) | (215.3) |
| Interest Expense | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 43.1 | 20.4 | 19.4 | 8.9 | 3.6 |
| Profitability | |||||
| EBITDA | (70.7) | (266.6) | (111.1) | (131.6) | (210.4) |
| EBIT | (77.0) | (275.0) | (125.5) | (148.3) | (224.2) |
| Income Before Tax | (77.0) | (275.0) | (125.5) | (148.3) | (224.2) |
| Income Tax Expense | 0 | 0.0 | (0.1) | (0.1) | 0.5 |
| Net Income | (134.3) | (274.1) | (124.8) | (148.0) | (224.7) |
| Per Share Data | |||||
| EPS (Basic) | -0.35 | -2.40 | -0.36 | -0.42 | -0.64 |
| EPS (Diluted) | -0.35 | -2.40 | -1.40 | -0.42 | -0.64 |
| Shares Outstanding | 379.9 | 114.3 | 349.0 | 349.0 | 349.0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Current Assets | |||||
| Cash & Cash Equivalents | 295.4 | 536.0 | 426.0 | 316.3 | 242.5 |
| Short-Term Investments | 872.2 | 209.0 | 163.6 | 261.6 | 176.2 |
| Net Receivables | 35.0 | 36.9 | 37.2 | 34.2 | 2.2 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 48.1 | 52.7 | 39.6 | 31.5 | 21.2 |
| Total Current Assets | 1,250.6 | 834.6 | 666.3 | 643.6 | 442.1 |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 75.3 | 36.6 | 19.4 | 33.8 | 33.1 |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.0 | (6.0) | 2.4 | 1.2 | 0.8 |
| Long-Term Investments | 480.2 | 130.8 | 51.7 | 80.7 | 227.2 |
| Other Non-Current Assets | 5.7 | 54.8 | 7.2 | 12.3 | 5.7 |
| Total Non-Current Assets | 562.2 | 216.2 | 80.8 | 127.9 | 266.8 |
| Total Assets | 1,812.8 | 1,050.8 | 747.1 | 771.5 | 708.9 |
| Current Liabilities | |||||
| Account Payables | 17.3 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 13.2 | (1.0) | 5.1 | 3.9 | 0 |
| Deferred Revenue | 1.9 | 3.2 | 2.4 | 4.9 | 0 |
| Other Current Liabilities | 1.1 | 10.5 | 18.4 | 4.3 | 2.6 |
| Total Current Liabilities | 91.5 | 70.9 | 48.2 | 48.1 | 30.1 |
| Non-Current Liabilities | |||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 2.0 | 1.4 | 1.5 | 1.7 | 1.1 |
| Total Non-Current Liabilities | 12.4 | 11.2 | 3.8 | 1,263.0 | 1,077.0 |
| Total Liabilities | 103.8 | 82.1 | 51.9 | 1,311.1 | 1,107.1 |
| Stockholders' Equity | |||||
| Common Stock | 0.2 | 0.2 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (1,422.0) | (1,287.9) | (739.5) | (614.7) | (466.6) |
| Accumulated Other Comprehensive Income | (4.5) | 10.4 | 4.5 | (0.1) | 13.6 |
| Total Stockholders' Equity | 1,652.3 | 951.1 | 684.0 | (551.5) | (402.1) |
| Total Liabilities & Equity | 1,812.8 | 1,050.8 | 747.1 | 771.5 | 708.9 |
| Debt Metrics | |||||
| Total Debt | 28.9 | 13.8 | 7.4 | 13.0 | 0 |
| Net Debt | (266.5) | (522.2) | (418.6) | (303.2) | (242.5) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | (76.8) | (274.3) | (124.7) | (147.8) | (225.0) |
| Depreciation & Amortization | 6.2 | 11.2 | 14.3 | 16.8 | 13.8 |
| Stock-Based Compensation | 30.8 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 20.4 | 12.2 | (19.6) | (33.8) | 3.7 |
| Other Non-Cash Items | (145.6) | 140.1 | 14.8 | 10.8 | 60.8 |
| Operating Cash Flow | (165.0) | (110.8) | (115.3) | (154.6) | (146.3) |
| Investing Activities | |||||
| Capital Expenditure | (43.9) | (11.4) | (5.1) | (12.0) | (25.4) |
| Acquisitions | 0 | 0.1 | 0.9 | 8.0 | 1.6 |
| Purchases of Investments | (1,231.0) | (680.6) | (81.0) | (213.0) | (433.2) |
| Sales/Maturities of Investments | 385.6 | 510.6 | 221.6 | 273.8 | 513.5 |
| Other Investing Activities | 0.0 | 0 | 0 | 0 | 0 |
| Investing Cash Flow | (889.2) | (181.4) | 136.4 | 56.8 | 56.5 |
| Financing Activities | |||||
| Net Debt Issuance | 1.8 | (1.0) | (4.9) | 3.1 | 0 |
| Stock Repurchased | 0 | 0 | (9.3) | (5.4) | 0 |
| Dividends Paid | (6.4) | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 0 | 0 | 0 | 0 |
| Financing Cash Flow | 814.8 | 407.6 | 89.7 | 183.8 | 120.5 |
| Cash Position | |||||
| Net Change in Cash | (240.5) | 110.0 | 107.9 | 75.5 | 242.5 |
| Cash at Beginning | 536.2 | 426.0 | 318.1 | 242.5 | 210.0 |
| Cash at End | 295.7 | 536.0 | 426.0 | 318.1 | 242.5 |
| Free Cash Flow | (208.8) | (122.2) | (120.4) | (166.6) | (171.8) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | 90.2 | 75.0 | 71.9 | 68.4 | 8.1 |
| Gross Profit | 14.2 | 11.4 | 16.9 | 32.1 | 6.3 |
| Operating Income | (261.5) | (285.5) | (143.2) | (170.7) | (215.3) |
| Net Income | (134.3) | (274.1) | (124.8) | (148.0) | (224.7) |
| EPS (Diluted) | -0.35 | -2.40 | -1.40 | -0.42 | -0.64 |
| Balance Sheet | |||||
| Cash & Equivalents | 295.4 | 536.0 | 426.0 | 316.3 | 242.5 |
| Total Assets | 1,812.8 | 1,050.8 | 747.1 | 771.5 | 708.9 |
| Total Debt | 28.9 | 13.8 | 7.4 | 13.0 | 0 |
| Stockholders' Equity | 1,652.3 | 951.1 | 684.0 | (551.5) | (402.1) |
| Cash Flow | |||||
| Operating Cash Flow | (165.0) | (110.8) | (115.3) | (154.6) | (146.3) |
| Capital Expenditure | (43.9) | (11.4) | (5.1) | (12.0) | (25.4) |
| Free Cash Flow | (208.8) | (122.2) | (120.4) | (166.6) | (171.8) |