Pony AI (PONY) Cost of Revenue (2023 - 2025)

Pony AI's Cost of Revenue history spans 3 years, with the latest figure at $25.4 million for Q4 2025.

  • On a quarterly basis, Cost of Revenue fell 9.44% to $25.4 million in Q4 2025 year-over-year; TTM through Dec 2025 was $75.8 million, a 19.2% increase, with the full-year FY2025 number at $75.8 million, up 19.2% from a year prior.
  • Cost of Revenue hit $25.4 million in Q4 2025 for Pony AI, up from $20.8 million in the prior quarter.
  • Over the last five years, Cost of Revenue for PONY hit a ceiling of $33.4 million in Q4 2023 and a floor of $9.9 million in Q1 2024.
  • Historically, Cost of Revenue has averaged $19.2 million across 3 years, with a median of $18.0 million in 2025.
  • Biggest five-year swings in Cost of Revenue: fell 16.11% in 2024 and later surged 54.7% in 2025.
  • Tracing PONY's Cost of Revenue over 3 years: stood at $33.4 million in 2023, then fell by 16.11% to $28.1 million in 2024, then decreased by 9.44% to $25.4 million in 2025.
  • Business Quant data shows Cost of Revenue for PONY at $25.4 million in Q4 2025, $20.8 million in Q3 2025, and $18.0 million in Q2 2025.