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

Pony AI has disclosed Cost of Revenue across 3 years of filings, most recently posting $25.4 million for Q4 2025.

• Cost of Revenue for Q4 2025 came in at $25.4 million, down 9.44% year-over-year; the trailing twelve-month figure through Dec 2025 was $75.8 million (up 19.2% YoY), and the FY2025 annual result was $75.8 million, up 19.2% from the prior year.
• Cost of Revenue came in at $25.4 million for Q4 2025 at Pony AI, up from $20.8 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $33.4 million in Q4 2023 to a low of $9.9 million in Q1 2024.
• The 3-year median for Cost of Revenue is $18.0 million (2025), against an average of $19.2 million.
• Across the five-year window, Cost of Revenue retreated 16.11% in 2024 and soared 54.7% in 2025, its largest moves.
• Pony AI's Cost of Revenue stood at $33.4 million in 2023, then declined by 16.11% to $28.1 million in 2024, then dropped by 9.44% to $25.4 million in 2025.
• The last three Cost of Revenue figures came in at $25.4 million (Q4 2025), $20.8 million (Q3 2025), and $18.0 million (Q2 2025), per Business Quant data.