Pony AI (PONY) Operating Expenses (2023 - 2026)
Pony AI's (PONY) quarterly Operating Expenses came in at -$72.1 million in Q2 2026, down 11.37% year-over-year from -$81.3 million in Q2 2025, and down 12.82% quarter-over-quarter from -$63.9 million in Q1 2026.
Analysis
Pony AI (PONY) Operating Expenses (2023 - 2026) Analysis & Trends
Pony AI has disclosed Operating Expenses across 4 years of filings, most recently posting -$72.1 million for Q2 2026.
- In Q2 2026, Operating Expenses fell 11.37% year-over-year to -$72.1 million; the TTM figure through Jun 2026 stood at -$134.9 million (up 61.05% YoY), while the FY2025 annual figure was -$275.0 million, up 7.38% from the prior year.
- Operating Expenses came in at -$72.1 million for Q2 2026 at Pony AI, down from -$63.9 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $75.5 million in Q4 2025 to a low of -$181.1 million in Q4 2024.
- Average Operating Expenses over 4 years is -$54.5 million, with a median of -$58.4 million recorded in 2025.
- Year-over-year, Operating Expenses plunged 315.24% in 2024 and soared 141.66% in 2025.
- Over 4 years, Operating Expenses stood at -$43.6 million in 2023, then slumped by 315.24% to -$181.1 million in 2024, then soared by 141.66% to $75.5 million in 2025, then plunged by 195.55% to -$72.1 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were -$72.1 million in Q2 2026, -$63.9 million in Q1 2026, and $75.5 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Aurora Innovation | 12.60 Bn | 11.38 Bn | -5.00 Mn | 261.00 Mn |
| 2 | Mobileye Global | 6.79 Bn | 5.48 Bn | 235.00 Mn | 265.00 Mn |
| 3 | Pony AI | 2.53 Bn | 2.53 Bn | 6.35 Mn | -72.09 Mn |
| 4 | WeRide | 1.77 Bn | 1.11 Bn | 12.76 Mn | -73.92 Mn |
| 5 | Kodiak AI | 720.88 Mn | 569.82 Mn | - | 47.18 Mn |
| 6 | ECARX Holdings | 357.29 Mn | 154.39 Mn | 44.50 Mn | -50.70 Mn |
| 7 | Cyngn | 10.16 Mn | 10.16 Mn | 55,476.00 | 6.90 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -72.09 Mn |
| Mar 31, 2026 | -63.90 Mn |
| Dec 31, 2025 | 75.45 Mn |
| Sep 30, 2025 | -74.34 Mn |
| Jun 30, 2025 | -64.73 Mn |
| Mar 31, 2025 | -58.36 Mn |
| Dec 31, 2024 | -181.12 Mn |
| Sep 30, 2024 | -42.07 Mn |
| Jun 30, 2024 | -36.97 Mn |
| Mar 31, 2024 | -37.34 Mn |
| Dec 31, 2023 | -43.62 Mn |