Key Highlights
- Q4 results exceeded expectations with adjusted EPS of $0.12 and quarterly revenue reaching $29.1 million
- Shares climbed 2.81% during pre-market hours following the earnings release and partnership announcement
- Robotaxi segment revenue exploded 160% compared to the prior year, hitting $6.7 million in Q4
- The autonomous vehicle company unveiled a commercial robotaxi collaboration with Uber, debuting in Zagreb, Croatia
- Vehicle fleet exceeded 1,400 units; management aims to reach more than 3,000 vehicles by the close of 2026
Shares of Pony AI (PONY) advanced 2.81% during Thursday’s pre-market session after the autonomous driving technology firm delivered fourth quarter financial results that surpassed Wall Street expectations and revealed a significant partnership with Uber Technologies to bring robotaxi operations to Europe.
Pony AI Inc. American Depositary Shares, PONY
The autonomous vehicle developer posted adjusted earnings per share of $0.12 for the fourth quarter, topping analyst projections. Quarterly revenue totaled $29.1 million.
Overall revenue declined 18% on a year-over-year basis from $35.5 million. This decrease was primarily attributed to timing-related challenges in project-based income within the licensing and applications division, which contracted 53% to $9.4 million.
Robotruck operations generated $13.1 million in revenue for the period, representing a modest 1.2% increase.
The standout figure that captured investor attention was the robotaxi division, where revenue skyrocketed 160% year-over-year to reach $6.7 million. Fare-generating revenue within this business line exploded by over 500% compared to the previous year.
On March 22, 2026, the company achieved a record daily net revenue of RMB394 per Gen-7 vehicle, with each unit completing 25 orders in Shenzhen.
Strategic Uber Collaboration Opens European Market
Pony AI revealed a strategic agreement with Uber to introduce Europe’s first commercial robotaxi operation. Operations will commence in Zagreb, Croatia, although the company has not disclosed a specific launch timeline.
The company has already extended its footprint to Croatia, Hangzhou, and Changsha. Management is pursuing deployment across more than 20 cities worldwide before 2026 concludes.
Chief Executive Officer Dr. James Peng described 2025 as “an amazing year,” highlighting fleet expansion, operational scaling, and reaching unit economics breakeven in several tier-one Chinese cities.
The firm achieved back-to-back unit economics breakeven milestones in Guangzhou and Shenzhen within merely four months of deploying its Gen-7 robotaxi platform.
Vehicle Fleet Expansion and Balance Sheet Strength
Pony AI’s vehicle fleet surpassed 1,400 units as of March 25, 2026. Management intends to expand 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 the previous year. Management attributed this increase to upfront investments designed to accelerate commercial deployment.
The company maintained cash and cash equivalents of $1.5 billion as of December 31, 2025, providing substantial financial flexibility.
Financial results were disclosed as unaudited figures prepared under U.S. GAAP standards. The company advised investors to exercise caution when interpreting the preliminary numbers.
The latest analyst consensus rating stands at Buy, with a price objective of HK$255.20.
As of March 25, 2026, the company operated 1,400+ vehicles and is aggressively pursuing its ambitious 3,000-unit milestone before the calendar year ends.
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