(PONY) Pony AI American Depositary - Overview
Sector: Technology | Industry: Information Technology Services | Exchange: NASDAQ (USA) | Market Cap: 3.867m USD | Total Return: -58.2% in 12m
Avg Turnover: 37.6M
Rev. Trend: 94.1%
Warnings
Share dilution 108.8% YoY
High Debt while negative Cash Flow
Altman Z'' -14.09 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
No distinct edge detected
Pony AI Inc. is a global autonomous mobility firm headquartered in Guangzhou, China, specializing in the development and deployment of autonomous vehicle (AV) technology. The company operates across three primary segments: robotaxi services for passenger transport, robotruck solutions for the logistics industry, and the licensing of intelligent driving software and hardware to original equipment manufacturers (OEMs).
The business model relies on a combination of service-based revenue from autonomous fleets and high-margin licensing of proprietary vehicle domain controllers and V2X (vehicle-to-everything) infrastructure. In the autonomous driving sector, companies typically face high research and development costs as they transition from Level 2 driver-assist systems to Level 4 fully autonomous operations.
For a detailed breakdown of the companys competitive positioning, consider reviewing the latest metrics on ValueRay. Pony AI serves a diverse client base including transportation network companies, logistics platforms, and hardware suppliers to integrate its full-stack software solutions into commercial and personal vehicle markets.
- Robotaxi fleet expansion and commercialization scale drive long-term revenue growth
- Strategic partnerships with Chinese OEMs determine vehicle production and deployment costs
- Regulatory approval for driverless operations impacts path to enterprise profitability
- Expansion of robotruck logistics services diversifies revenue beyond passenger mobility
- Geopolitical tensions and US-China trade policies influence ADR valuation volatility
| Net Income: -67.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.17 > 0.02 and ΔFCF/TA 2.42 > 1.0 |
| NWC/Revenue: 1.10k% < 20% (prev 675.6%; Δ 424.2% < -1%) |
| CFO/TA -0.08 > 3% & CFO -139.3m > Net Income -67.3m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 13.67 > 1.5 & < 3 |
| Outstanding Shares: last quarter (422.0m) vs 12m ago 20.01% < -2% |
| Gross Margin: 14.79% > 18% (prev 0.13%; Δ 1.47k% > 0.5%) |
| Asset Turnover: 7.57% > 50% (prev 10.22%; Δ -2.65% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBITDA TTM and Interest Expense TTM) |
| A: 0.64 (Total Current Assets 1.25b - Total Current Liabilities 91.5m) / Total Assets 1.81b |
| B: -0.78 (Retained Earnings -1.42b / Total Assets 1.81b) |
| C: -0.20 (EBIT TTM -279.3m / Avg Total Assets 1.39b) |
| D: -13.69 (Book Value of Equity -1.42b / Total Liabilities 103.8m) |
| Altman-Z'' = -14.09 = D |
| DSRI: 1.09 (Receivables 35.0m/30.2m, Revenue 105.4m/99.3m) |
| GMI: 0.85 (GM 14.79% / 12.61%) |
| AQI: 1.17 (AQ_t 0.27 / AQ_t-1 0.23) |
| SGI: 1.06 (Revenue 105.4m / 99.3m) |
| TATA: 0.04 (NI -67.3m - CFO -139.3m) / TA 1.81b) |
| Beneish M = -2.90 (Cap -4..+1) = A |
As of May 25, 2026, the stock is trading at USD 8.92 with a total of 6,331,609 shares traded.
Over the past week, the price has changed by +7.60%,
over one month by -16.56%,
over three months by -32.83% and
over the past year by -58.22%.
Pony AI American Depositary has received a consensus analysts rating of 4.75. Therefore, it is recommended to buy PONY.
- StrongBuy: 3
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 21.7 | 142.7% |
P/S = 42.9683
P/B = 2.3458
Revenue TTM = 105.4m USD
EBIT TTM = -279.3m USD
EBITDA TTM = -273.1m USD
Long Term Debt = 10.4m USD (estimated: total debt 15.2m - short term 4.79m)
Short Term Debt = 4.79m USD (from shortTermDebt, last quarter)
Debt = 15.2m USD (from shortLongTermDebtTotal, last quarter) (leases 15.7m already included)
Net Debt = -1.15b USD (calculated: Debt 15.2m - CCE 1.17b)
Enterprise Value = 2.71b USD (3.87b + Debt 15.2m - CCE 1.17b)
Interest Coverage Ratio = unknown (Ebit TTM -279.3m / Interest Expense TTM 0.0)
EV/FCF = -8.85x (Enterprise Value 2.71b / FCF TTM -306.7m)
FCF Yield = -11.30% (FCF TTM -306.7m / Enterprise Value 2.71b)
FCF Margin = -291.0% (FCF TTM -306.7m / Revenue TTM 105.4m)
Net Margin = -63.89% (Net Income TTM -67.3m / Revenue TTM 105.4m)
Gross Margin = 14.79% ((Revenue TTM 105.4m - Cost of Revenue TTM 89.8m) / Revenue TTM)
Gross Margin QoQ = 12.75% (prev 12.75%)
Tobins Q-Ratio = 1.50 (Enterprise Value 2.71b / Total Assets 1.81b)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 15.2m)
Taxrate = 21.0% (US default 21%)
NOPAT = -220.7m (EBIT -279.3m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 13.67 (Total Current Assets 1.25b / Total Current Liabilities 91.5m)
Debt / Equity = 0.01 (Debt 15.2m / totalStockholderEquity, last quarter 1.65b)
Debt / EBITDA = 4.22 (negative EBITDA) (Net Debt -1.15b / EBITDA -273.1m)
Debt / FCF = 3.76 (negative FCF - burning cash) (Net Debt -1.15b / FCF TTM -306.7m)
Total Stockholder Equity = 1.24b (last 4 quarters mean from totalStockholderEquity)
RoA = -4.84% (Net Income -67.3m / Total Assets 1.81b)
RoE = -5.43% (Net Income TTM -67.3m / Total Stockholder Equity 1.24b)
RoCE = -22.34% (EBIT -279.3m / Capital Employed (Equity 1.24b + L.T.Debt 10.4m))
RoIC = -13.96% (negative operating profit) (NOPAT -220.7m / Invested Capital 1.58b)
WACC = 19.97% (E(3.87b)/V(3.88b) * Re(20.05%) + D(15.2m)/V(3.88b) * Rd(0.0%) * (1-Tc(0.21)))
Discount Rate = 20.05% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 90.48 | Cagr: 159.3%
[DCF] Fair Price = unknown (Cash Flow -306.7m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 94.06 | Revenue CAGR: 12.03% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.15 | Chg30d=+0.00% | Revisions=+0% | Analysts=2
EPS current Year (2026-12-31): EPS=-0.62 | Chg30d=-0.60% | Revisions=-43% | GrowthEPS=-31.4% | GrowthRev=+45.2%
EPS next Year (2027-12-31): EPS=-0.60 | Chg30d=+0.97% | Revisions=-43% | GrowthEPS=+2.2% | GrowthRev=+108.2%
[Analyst] Revisions Ratio: -43%