Pony AI Q4: Revenue Slumps Nearly 30% As Robotaxi Sales Decline, Loss Widens

Pony AI Inc. PONY shares traded lower premarket on Tuesday after the company disclosed fourth-quarter results.

Sales declined 29.8% year over year to $35.52 million, owing to the timing of project-based revenue recognition.

Robotaxi services revenue dipped 61.9% Y/Y to $2.6 million in the fourth quarter due to lower service fees from providing autonomous vehicle engineering solutions.

Meanwhile, Robotruck services revenue surged 72.7% Y/Y to $12.9 million aided by the growth of robotruck fleet operations into new geographies.

Gross profit fell 56.5% Y/Y to $7.5 million, with margin contraction to 21.0% from 33.9% a year ago quarter due to changes in the revenue mix.

The company reported an adjusted EPS loss of 31 cents versus 20 cents loss in the prior year’s quarter.

As of December 31, 2024, cash and cash equivalents, short-term investments and restricted cash stood at $745.2 million.

Read: Pony AI Speeds Past Competitors, Commercializes Fully Driverless Vehicles

Tiancheng Lou, Co-founder and Chief Technology Officer of Pony.ai, added, ”Notably, our robotaxi safety record has improved by 16 times and has driven insurance policy prices down to roughly 50% that of human-driven taxis – all these are clear indicators of safety and reliability in our technology.”

Leo Wang, Chief Financial Officer of Pony.ai, stated, “While the near-term financials reflected our strategic resource allocation to support the mass production and deployment of robotaxi services, we remain focused on improving unit economics in 2025.”

Notably, in November 2025, the company debuted on the Nasdaq Global Select Market today, pricing its initial public offering at $13 per ADS.

Price Action: PONY shares are down 1.59% at $13.00 premarket at the last check Tuesday.

Read Next:

• Pony AI’s Robotaxis Hit Guangzhou’s High-Demand Routes: Details

Photo via Shutterstock.