Pony AI 2Q total operating expenses $64.7M, +75% Y/Y

Pony AI 2Q total operating expenses $64.7M, +75% Y/Y

Pony AI Inc. (Nasdaq: PONY), a global leader in autonomous mobility, has announced its unaudited financial results for the second quarter ended June 30, 2025. The company reported total revenues of US$21.5 million (RMB153.7 million), a 75.9% increase year-over-year, driven by robust growth in Robotaxi services and Licensing and Applications revenues.

Operating expenses for the quarter were US$64.7 million (RMB463.7 million), representing a 75.1% increase from the same period last year. The increase was primarily driven by increased investments in scaling up operations and expanding the company's global footprint. Despite the significant increase in operating expenses, Pony AI achieved a gross profit of US$3.5 million (RMB24.8 million) for the quarter, up from a gross loss of US$41 thousand in the second quarter of 2024. This improvement was mainly attributed to a focused strategy on prioritizing high-margin revenue sources and optimizing key cost items such as remote assistance and vehicle insurance.

The company's strong financial performance was underpinned by its leading position in the Robotaxi industry, with fully-driverless operations across all four tier-one cities in China and expanding presence in Dubai, South Korea, and Luxembourg. Pony AI has also made substantial progress in cost efficiency, driven by an improving remote assistant-to-vehicle ratio and lower vehicle insurance costs.

Pony AI's strategic partnerships, such as with Shenzhen Xihu Corporation Limited and Dubai's Roads and Transport Authority, have further accelerated its commercial deployment and expanded service availability. The company has also secured testing permits for its Gen-7 Robotaxi vehicles in all four tier-one cities, laying a solid foundation for public-facing commercial deployment.

In terms of revenue streams, Robotaxi services revenues surged by over 300% year-over-year, while Licensing and Applications revenues increased by 901.8%. The strong growth in Robotaxi services revenues was primarily driven by expanding user adoption, growing demand in tier-one cities, and an increased fleet of deployed Robotaxi vehicles. Robotruck services revenues decreased by 9.9% due to proactive operation optimization to focus on high-margin revenues.

Pony AI's Chief Financial Officer, Dr. Leo Wang, commented, "We delivered strong results in the second quarter, with total revenues growing 76% year-over-year, reflecting the effectiveness of our go-to-market execution. Our robust Robotaxi fare-charging revenues growth once again underscores our progress in building a scalable and recurring monetization model and enhancing long-term business visibility."

As the company continues to scale up its operations and expand its global presence, investors and financial professionals should closely monitor Pony AI's progress and potential for sustained growth in the autonomous mobility sector. Historical data suggests that while short-term price reactions to earnings releases have been mixed—showing a 50% win rate over 3 days and 30 days—there remains modest potential for appreciation, with a maximum observed return of 42.10% on day 42 following earnings events.



References:
[1] https://www.globenewswire.com/news-release/2025/08/12/3131485/0/en/PONY-AI-Inc-Accelerates-Gen-7-Robotaxi-Production-with-over-200-Newly-Produced-On-Track-to-Scale-Up-1-000-Vehicle-Fleet-by-Year-End.html