Growth Metrics

Pony (PNYG) Gross Margin (2019 - 2025)

Pony (PNYG) has disclosed Gross Margin for 7 consecutive years, with 31.36% as the latest value for Q3 2025.

  • On a quarterly basis, Gross Margin fell 2202.0% to 31.36% in Q3 2025 year-over-year; TTM through Sep 2025 was 37.25%, a 441.0% increase, with the full-year FY2024 number at 43.04%, down 283.0% from a year prior.
  • Gross Margin was 31.36% for Q3 2025 at Pony, down from 37.02% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 71.45% in Q3 2022 to a low of 156.36% in Q1 2021.
  • A 5-year average of 30.94% and a median of 40.5% in 2024 define the central range for Gross Margin.
  • Peak YoY movement for Gross Margin: crashed -18618bps in 2021, then surged 17325bps in 2022.
  • Pony's Gross Margin stood at 66.4% in 2021, then plummeted by -104bps to 2.77% in 2022, then soared by 638bps to 14.92% in 2023, then soared by 171bps to 40.5% in 2024, then fell by -23bps to 31.36% in 2025.
  • Per Business Quant, the three most recent readings for PNYG's Gross Margin are 31.36% (Q3 2025), 37.02% (Q2 2025), and 38.4% (Q1 2025).