Pony AI (PYAIF) Gross Margin (2023 - 2025)
Pony AI's (PYAIF) quarterly Gross Margin came in at 12.75% in Q4 2025, down 824.0% year-on-year from 1.76% in Q4 2024, and down 30.53% quarter-over-quarter from 18.35% in Q3 2025.
Pony AI (PYAIF) Gross Margin (2023 - 2025) Analysis & Trends
Pony AI has disclosed Gross Margin across 3 years of filings, most recently posting 12.75% for Q4 2025.
- Gross Margin for Q4 2025 came in at 12.75%, down 824.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 15.73% (up 54.0% YoY), and the FY2025 annual result was 15.73%, up 54.0% from the prior year.
- Gross Margin came in at 12.75% for Q4 2025 at Pony AI, down from 18.35% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 33.89% in Q4 2023 to a low of 0.34% in Q2 2024.
- The 3-year median for Gross Margin is 16.57% (2025), against an average of 16.5%.
- Across the five-year window, Gross Margin slumped 1290 bps in 2024 and surged 1648 bps in 2025, its largest moves.
- Pony AI's Gross Margin stood at 33.89% in 2023, then tumbled by 38 bps to 20.99% in 2024, then sank by 39 bps to 12.75% in 2025.
- The last three Gross Margin figures came in at 12.75% (Q4 2025), 18.35% (Q3 2025), and 16.14% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 250,975,992.28 Bn | 250,975,991.00 Bn | 1.56 Bn | 30.85% |
| 2 | International Business Machines | 267.32 Bn | 252.39 Bn | 8.95 Bn | 56.23% |
| 3 | Wipro | 138.60 Bn | 137.44 Bn | 751.00 Mn | 29.07% |
| 4 | Accenture | 109.98 Bn | 101.66 Bn | 16.30 Bn | 90.31% |
| 5 | Cognizant Technology Solutions | 25.38 Bn | 23.86 Bn | 1.78 Bn | 32.79% |
| 6 | Fidelity National Information Services | 21.09 Bn | 20.34 Bn | 1.11 Bn | 33.63% |
| 7 | Broadridge Financial Solutions | 17.60 Bn | 17.30 Bn | 626.90 Mn | 32.09% |
| 8 | Cdw | 17.16 Bn | 16.58 Bn | 1.19 Bn | 20.95% |
| 9 | Leidos Holdings | 15.68 Bn | 15.27 Bn | 761.00 Mn | 17.30% |
| 10 | Pony AI | - | - | 3.71 Mn | 12.75% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 12.75% |
| Sep 30, 2025 | 18.35% |
| Jun 30, 2025 | 16.14% |
| Mar 31, 2025 | 16.57% |
| Dec 31, 2024 | 20.99% |
| Sep 30, 2024 | 9.20% |
| Jun 30, 2024 | -0.34% |
| Mar 31, 2024 | 20.98% |
| Dec 31, 2023 | 33.89% |