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Assets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInvested CapitalNet MarginOperating MarginReturn on Sales

Pony AI (PONY) Gross Margin (2023 - 2025)

Pony AI's Gross Margin history spans 3 years, with the latest figure at 12.75% for Q4 2025.

  • On a quarterly basis, Gross Margin fell 824.0% to 12.75% in Q4 2025 year-over-year; TTM through Dec 2025 was 15.73%, a 54.0% increase, with the full-year FY2025 number at 15.73%, up 54.0% from a year prior.
  • Gross Margin hit 12.75% in Q4 2025 for Pony AI, down from 18.35% in the prior quarter.
  • Over the last five years, Gross Margin for PONY hit a ceiling of 33.89% in Q4 2023 and a floor of 0.34% in Q2 2024.
  • Historically, Gross Margin has averaged 16.5% across 3 years, with a median of 16.57% in 2025.
  • Biggest five-year swings in Gross Margin: tumbled -1290bps in 2024 and later skyrocketed 1648bps in 2025.
  • Tracing PONY's Gross Margin over 3 years: stood at 33.89% in 2023, then crashed by -38bps to 20.99% in 2024, then plummeted by -39bps to 12.75% in 2025.
  • Business Quant data shows Gross Margin for PONY at 12.75% in Q4 2025, 18.35% in Q3 2025, and 16.14% in Q2 2025.