Pony AI (PONY) Gross Margin (2023 - 2026)

Pony AI has disclosed Gross Margin across 4 years of filings, most recently posting 17.53% for Q2 2026.

• In Q2 2026, Gross Margin rose 139.0% year-over-year to 17.53%; the TTM figure through Jun 2026 stood at 16.23% (down 79.0% YoY), while the FY2025 annual figure was 15.73%, up 54.0% from the prior year.
• Gross Margin came in at 17.53% for Q2 2026 at Pony AI, up from 16.24% 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.
• Average Gross Margin over 4 years is 16.57%, with a median of 16.57% recorded in 2025.
• Year-over-year, Gross Margin sank 1290 bps in 2024 and soared 1648 bps in 2025.
• Over 4 years, Gross Margin stood at 33.89% in 2023, then sank by 38 bps to 20.99% in 2024, then tumbled by 39 bps to 12.75% in 2025, then jumped by 38 bps to 17.53% in 2026.
• Per Business Quant data, the three most recent Gross Margin figures were 17.53% in Q2 2026, 16.24% in Q1 2026, and 12.75% in Q4 2025.