Key Highlights
- Fourth quarter earnings per share reached $0.12, surpassing Wall Street expectations, with quarterly revenue hitting $29.1 million
- Shares climbed 2.81% during pre-market hours following the earnings announcement and partnership revelation
- Robotaxi division revenue skyrocketed 160% compared to the previous year, reaching $6.7 million in Q4
- Company unveiled a commercial robotaxi collaboration with Uber, with initial operations beginning in Zagreb, Croatia
- Vehicle fleet exceeded 1,400 units; management aims to expand to over 3,000 vehicles by the conclusion of 2026
Shares of Pony AI (PONY) climbed 2.81% during Thursday’s pre-market session following the autonomous driving company’s announcement of stronger-than-anticipated fourth quarter financial results alongside a groundbreaking collaboration with Uber Technologies for European robotaxi operations.
Pony AI Inc. American Depositary Shares, PONY
The autonomous vehicle developer delivered adjusted earnings per share of $0.12 for the fourth quarter, exceeding Wall Street’s projections. Quarterly revenue totaled $29.1 million.
Overall revenue declined 18% from the year-ago period’s $35.5 million. This decrease primarily stemmed from scheduling challenges related to project-based income within the licensing and applications division, which contracted 53% to $9.4 million.
Revenue from robotruck operations increased modestly by 1.2%, reaching $13.1 million during the quarter.
The standout metric that captured investor attention was the robotaxi segment, where revenue exploded 160% year-over-year to reach $6.7 million. Fare-based revenues within this division soared over 500% compared to the prior year period.
On March 22, 2026, daily net revenue per Gen-7 vehicle achieved a record high of RMB394, accompanied by 25 orders per vehicle in Shenzhen.
Strategic Uber Collaboration Marks European Entry
The company revealed a strategic agreement with Uber to establish Europe’s first commercial robotaxi operation. Services 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. The organization is pursuing deployment across more than 20 cities worldwide before the end of 2026.
CEO Dr. James Peng characterized 2025 as “an amazing year,” highlighting fleet expansion, operational growth, and reaching unit economics profitability across multiple tier-one Chinese cities.
The organization achieved consecutive unit economics profitability in Guangzhou and Shenzhen within merely four months following the introduction of its Gen-7 robotaxi platform.
Expansion Plans and Balance Sheet Strength
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 comparable period last year. Management attributed this to accelerated upfront investment aimed at expediting commercial deployment.
Cash and cash equivalents totaled $1.5 billion at December 31, 2025, providing substantial financial flexibility.
The financial results were published as unaudited figures prepared according to U.S. GAAP standards. Pony AI advised investors to exercise appropriate caution regarding the preliminary unaudited data.
The latest analyst assessment on the stock maintains a Buy rating, accompanied by a price target of HK$255.20.
As of March 25, 2026, Pony AI’s operational fleet comprised 1,400+ vehicles, with the organization aggressively pursuing its 3,000-vehicle objective before the close of the year.
