TLDR
- Pony AI delivered Q4 results exceeding expectations with adjusted EPS of $0.12 and $29.1 million in revenue
- Shares climbed 2.81% during pre-market hours following the earnings release and partnership announcement
- Robotaxi segment revenue jumped 160% compared to the prior year, reaching $6.7 million in Q4
- The company unveiled a commercial robotaxi collaboration with Uber, set to debut in Zagreb, Croatia
- Vehicle fleet exceeded 1,400 units; management aims for more than 3,000 vehicles by December 2026
Pony AI (PONY) shares advanced 2.81% during Thursday’s pre-market session after the autonomous vehicle company delivered fourth quarter financial results that surpassed Wall Street expectations and revealed a strategic collaboration with Uber Technologies to bring robotaxi operations to Europe.
Pony AI Inc. American Depositary Shares, PONY
The autonomous driving technology firm posted adjusted earnings per share of $0.12 for the fourth quarter, exceeding analyst projections. Quarterly revenue totaled $29.1 million.
Overall revenue declined 18% from the year-ago period’s $35.5 million. The decrease was primarily attributed to timing-related factors affecting project-based revenue within the licensing and applications division, which contracted 53% to $9.4 million.
Pony AI $PONY Q4 Earnings
❌ Earnings Miss
Adj. EPS: $(0.12)
**YoY: ↑ 47.83% (from $(0.23))**
✅ Revenue Beat
Sales: $29.125M
**YoY: ↓ 17.99% (from $35.516M)**— CHItrader (@CHItraders) March 26, 2026
Robotruck services revenue experienced modest growth of 1.2%, finishing the quarter at $13.1 million.
The standout performance that captured investor attention came from the robotaxi division, where revenue skyrocketed 160% year-over-year to reach $6.7 million. Fare-charging revenue within this segment exploded by more than 500% compared to the same quarter last year.
On March 22, 2026, the company achieved a record daily net revenue per Gen-7 vehicle of RMB394, while processing 25 orders per vehicle in Shenzhen.
Uber Partnership Brings Pony AI to Europe
The company revealed a strategic agreement with Uber to establish Europe’s first commercial robotaxi operation. Service will commence in Zagreb, Croatia, although a specific launch timeline has not been disclosed.
Pony AI has recently expanded its footprint to Croatia, Hangzhou, and Changsha. The firm is pursuing deployment across more than 20 cities worldwide before the conclusion of 2026.
Chief Executive Dr. James Peng described 2025 as “an amazing year,” highlighting fleet expansion, broader operational reach, and achieving unit economics breakeven across multiple tier-one Chinese cities.
The company reached consecutive unit economics breakeven milestones in Guangzhou and Shenzhen within merely four months of launching its Gen-7 robotaxi platform.
Fleet Growth and Financial Position
Pony AI’s vehicle fleet surpassed 1,400 units as of March 25, 2026. Management intends to more than double this figure to exceed 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 2024. Management explained this reflects upfront investments designed to accelerate commercial deployment.
Cash and cash equivalents totaled $1.5 billion as of December 31, 2025, providing the company with substantial financial flexibility.
The financial results were disclosed as unaudited figures prepared under U.S. GAAP standards. Pony AI advised investors against placing excessive reliance on these preliminary numbers.
The latest analyst coverage assigns the stock a Buy rating, with a price objective of HK$255.20.
As of March 25, 2026, Pony AI operates a fleet of more than 1,400 vehicles and is aggressively pursuing its goal of deploying 3,000 units by the end of this year.
