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

Pony AI (PONY) has 3 years of Operating Expenses data on file, last reported at -$77.6 million in Q4 2025.

• For the quarter ending Q4 2025, Operating Expenses rose 57.03% year-over-year to -$77.6 million; the trailing twelve-month figure through Dec 2025 stood at -$275.0 million (up 7.38% YoY), and the FY2025 full-year result was $275.0 million, down 7.38% from the prior year.
• Operating Expenses fell to -$77.6 million in Q4 2025, 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.
• A 3-year average of -$68.4 million and a median of -$58.4 million in 2025 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses plunged 313.94% in 2024 and jumped 57.03% in 2025, its largest moves.
• Tracing PONY's Operating Expenses over 3 years: stood at -$43.6 million in 2023, then sank by 313.94% to -$180.6 million in 2024, then jumped by 57.03% to -$77.6 million in 2025.
• Business Quant data shows PONY's Operating Expenses at -$77.6 million in Q4 2025, -$74.3 million in Q3 2025, and -$64.7 million in Q2 2025.