Key Highlights
- Fourth quarter EPS reached $0.12, surpassing Wall Street expectations, with quarterly revenue at $29.1 million
- Shares climbed 2.81% during pre-market hours following the earnings announcement and partnership reveal
- Robotaxi segment revenue exploded 160% compared to the prior year, hitting $6.7 million in Q4
- Commercial robotaxi collaboration with Uber confirmed, with initial European launch planned for Zagreb, Croatia
- Vehicle fleet expanded beyond 1,400 units; management aims for more than 3,000 vehicles by late 2026
Shares of Pony AI (PONY) advanced 2.81% during Thursday’s pre-market session following the autonomous vehicle company’s stronger-than-anticipated fourth quarter financial performance and the unveiling of a significant collaboration with Uber Technologies to bring robotaxi operations to Europe.
Pony AI Inc. American Depositary Shares, PONY
The autonomous driving firm delivered adjusted earnings per share of $0.12 for the fourth quarter, exceeding Wall Street’s consensus projections. Quarterly revenue totaled $29.1 million.
Year-over-year total revenue declined 18% from the previous year’s $35.5 million. The decrease primarily stemmed from timing-related challenges affecting project-based income in the licensing and applications division, which contracted 53% to $9.4 million.
Revenue from robotruck operations increased modestly by 1.2% to reach $13.1 million during the quarter.
The standout metric capturing investor attention was robotaxi revenue, which skyrocketed 160% year-over-year to $6.7 million. Within this category, fare-charging revenue soared more than 500% compared to the same period last year.
On March 22, 2026, daily net revenue per Gen-7 vehicle reached a record high of RMB394, while individual vehicles completed 25 orders on average in Shenzhen.
European Market Entry Through Uber Collaboration
The autonomous vehicle developer revealed a strategic collaboration with Uber to introduce Europe’s first commercial robotaxi offering. Operations will commence in Zagreb, Croatia, although the company has not disclosed a specific launch timeline.
Pony AI has recently broadened its operational footprint to include Croatia, Hangzhou, and Changsha. Management has set an ambitious goal to establish presence in over 20 cities worldwide before 2026 concludes.
CEO Dr. James Peng described 2025 as “an amazing year,” highlighting fleet expansion, broader geographic reach, and achieving unit economics breakeven across multiple top-tier Chinese cities.
The company reached consecutive unit economics breakeven milestones in Guangzhou and Shenzhen within a mere four-month period following the Gen-7 robotaxi deployment.
Expanding Fleet and Balance Sheet Strength
Pony AI’s operational fleet surpassed 1,400 vehicles as of March 25, 2026. The company has outlined plans to more than double this figure, targeting over 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 attributed this increase to upfront investments designed to accelerate commercial deployment.
The company maintained a strong financial position with cash and cash equivalents totaling $1.5 billion as of December 31, 2025, providing substantial financial flexibility.
Financial results were disclosed as unaudited figures prepared according to U.S. GAAP standards. The company advised investors to exercise caution regarding reliance on these preliminary unaudited figures.
The latest analyst assessment rates the stock as a Buy, establishing a price target of HK$255.20.
As of March 25, 2026, Pony AI’s operational fleet comprised more than 1,400 vehicles, with the company aggressively pursuing its ambitious 3,000-vehicle milestone before the calendar year closes.
