Pony AI (PONY) Research & Development (2023 - 2026)

Pony AI has disclosed Research & Development across 4 years of filings, most recently posting -$56.2 million for Q2 2026.

• In Q2 2026, Research & Development fell 14.7% year-over-year to -$56.2 million; the TTM figure through Jun 2026 stood at -$225.0 million (up 19.05% YoY), while the FY2025 annual figure was -$217.4 million, up 9.48% from the prior year.
• Research & Development came in at -$56.2 million for Q2 2026 at Pony AI, down from -$47.9 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of -$29.0 million in Q2 2024 to a low of -$147.8 million in Q4 2024.
• Average Research & Development over 4 years is -$53.9 million, with a median of -$47.9 million recorded in 2026.
• Year-over-year, Research & Development slumped 375.68% in 2024 and soared 59.06% in 2025.
• Over 4 years, Research & Development stood at -$31.1 million in 2023, then tumbled by 375.68% to -$147.8 million in 2024, then soared by 59.06% to -$60.5 million in 2025, then grew by 7.08% to -$56.2 million in 2026.
• Per Business Quant data, the three most recent Research & Development figures were -$56.2 million in Q2 2026, -$47.9 million in Q1 2026, and -$60.5 million in Q4 2025.