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

Pony AI's Operating Margin history spans 3 years, with the latest figure at 253.64% for Q4 2025.

  • On a quarterly basis, Operating Margin rose 23374.0% to 253.64% in Q4 2025 year-over-year; TTM through Dec 2025 was 289.84%, a 9073.0% increase, with the full-year FY2025 number at 21.32%, up 35925.0% from a year prior.
  • Operating Margin hit 253.64% in Q4 2025 for Pony AI, up from 273.85% in the prior quarter.
  • Over the last five years, Operating Margin for PONY hit a ceiling of 52.32% in Q4 2023 and a floor of 487.38% in Q4 2024.
  • Historically, Operating Margin has averaged 289.94% across 3 years, with a median of 277.21% in 2024.
  • Biggest five-year swings in Operating Margin: plummeted -43506bps in 2024 and later soared 23374bps in 2025.
  • Tracing PONY's Operating Margin over 3 years: stood at 52.32% in 2023, then tumbled by -832bps to 487.38% in 2024, then surged by 48bps to 253.64% in 2025.
  • Business Quant data shows Operating Margin for PONY at 253.64% in Q4 2025, 273.85% in Q3 2025, and 285.57% in Q2 2025.