Pony AI (PONY) Gross Margin (2023 - 2025)
Pony AI (PONY) reported Gross Margin of 12.75% for Q4 2025, down 824.0% on a YoY basis from 1.76% in Q4 2024, and down 30.53% sequentially from 18.35% in Q3 2025.
Pony AI (PONY) Gross Margin (2023 - 2025) Analysis & Trends
Pony AI (PONY) has 3 years of Gross Margin data on file, last reported at 12.75% in Q4 2025.
- For the quarter ending Q4 2025, Gross Margin fell 824.0% year-over-year to 12.75%; the trailing twelve-month figure through Dec 2025 stood at 15.73% (up 54.0% YoY), and the FY2025 full-year result was 15.73%, up 54.0% from the prior year.
- Gross Margin slipped to 12.75% in Q4 2025, from 18.35% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 33.89% in Q4 2023 to a low of 0.34% in Q2 2024.
- A 3-year average of 16.5% and a median of 16.57% in 2025 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin plunged 1290 bps in 2024 and surged 1648 bps in 2025, its largest moves.
- Tracing PONY's Gross Margin over 3 years: stood at 33.89% in 2023, then plunged by 38 bps to 20.99% in 2024, then slumped by 39 bps to 12.75% in 2025.
- Business Quant data shows PONY's Gross Margin at 12.75% in Q4 2025, 18.35% in Q3 2025, and 16.14% in Q2 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 193.88 Bn | 178.95 Bn | 9.91 Bn | 57.73% |
| 2 | Accenture | 84.94 Bn | 75.26 Bn | 6.13 Bn | 32.77% |
| 3 | GDS Holdings | 50.55 Bn | 48.40 Bn | 164.04 Mn | 33.61% |
| 4 | Infosys | 44.05 Bn | 44.79 Bn | 1.60 Bn | 31.48% |
| 5 | Cgi | 41.25 Bn | 40.60 Bn | - | - |
| 6 | Fidelity National Information Services | 20.63 Bn | 19.87 Bn | 1.11 Bn | 33.63% |
| 7 | Cognizant Technology Solutions | 20.39 Bn | 18.87 Bn | 1.78 Bn | 32.79% |
| 8 | Wipro | 18.65 Bn | 17.52 Bn | 738.00 Mn | 28.54% |
| 9 | Broadridge Financial Solutions | 16.79 Bn | 16.48 Bn | 626.90 Mn | 32.09% |
| 10 | Pony AI | 2.78 Bn | 2.84 Bn | 3.71 Mn | 12.75% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 12.75% |
| Sep 30, 2025 | 18.35% |
| Jun 30, 2025 | 16.14% |
| Mar 31, 2025 | 16.57% |
| Dec 31, 2024 | 20.99% |
| Sep 30, 2024 | 9.20% |
| Jun 30, 2024 | -0.34% |
| Mar 31, 2024 | 20.98% |
| Dec 31, 2023 | 33.89% |