Pony AI PONY
NASDAQ PONY
$6.66 -0.09 (-1.38%)
As of: Sep 10, 2026 · 2:41 PM EDT

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

Historic Data

Download Data
DateValue
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