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

Pony AI has disclosed Operating Expenses across 3 years of filings, most recently posting -$77.6 million for Q4 2025.

• Operating Expenses for Q4 2025 came in at -$77.6 million, up 57.03% year-over-year; the trailing twelve-month figure through Dec 2025 was -$275.0 million (up 7.38% YoY), and the FY2025 annual result was $275.0 million, down 7.38% from the prior year.
• Operating Expenses came in at -$77.6 million for Q4 2025 at Pony AI, down from -$74.3 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of -$37.0 million in Q2 2024 to a low of -$180.6 million in Q4 2024.
• The 3-year median for Operating Expenses is -$58.4 million (2025), against an average of -$68.4 million.
• Across the five-year window, Operating Expenses slumped 313.94% in 2024 and jumped 57.03% in 2025, its largest moves.
• Pony AI's Operating Expenses stood at -$43.6 million in 2023, then plunged by 313.94% to -$180.6 million in 2024, then surged by 57.03% to -$77.6 million in 2025.
• The last three Operating Expenses figures came in at -$77.6 million (Q4 2025), -$74.3 million (Q3 2025), and -$64.7 million (Q2 2025), per Business Quant data.