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Pony AI (PONY) Operating Expenses (2023 - 2025)

Pony AI's Operating Expenses history spans 3 years, with the latest figure at -$77.6 million for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 57.03% to -$77.6 million in Q4 2025 year-over-year; TTM through Dec 2025 was -$275.0 million, a 7.38% increase, with the full-year FY2025 number at $275.0 million, down 7.38% from a year prior.
  • Operating Expenses hit -$77.6 million in Q4 2025 for Pony AI, down from -$74.3 million in the prior quarter.
  • Over the last five years, Operating Expenses for PONY hit a ceiling of -$37.0 million in Q2 2024 and a floor of -$180.6 million in Q4 2024.
  • Historically, Operating Expenses has averaged -$68.4 million across 3 years, with a median of -$58.4 million in 2025.
  • Biggest five-year swings in Operating Expenses: crashed 313.94% in 2024 and later soared 57.03% in 2025.
  • Tracing PONY's Operating Expenses over 3 years: stood at -$43.6 million in 2023, then crashed by 313.94% to -$180.6 million in 2024, then soared by 57.03% to -$77.6 million in 2025.
  • Business Quant data shows Operating Expenses for PONY at -$77.6 million in Q4 2025, -$74.3 million in Q3 2025, and -$64.7 million in Q2 2025.