Pony AI Inc. (PYAIF) Operating Expenses (2023 - 2025)

Pony AI (PYAIF) posted Operating Expenses of -$77.6 million for Q4 2025, down 4.36% sequentially from -$74.3 million in Q3 2025, and up 57.03% YoY from -$49.4 million in Q4 2024.

Pony AI Inc. (PYAIF) Operating Expenses (2023 - 2025) Analysis & Trends

Pony AI has reported Operating Expenses for 3 years, with the latest figure at -$77.6 million in Q4 2025.

  • Quarterly Operating Expenses rose 57.03% year-over-year to -$77.6 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$275.0 million (up 7.38% YoY) and the FY2025 annual result came in at $275.0 million, down 7.38% from the prior year.
  • Operating Expenses fell to -$77.6 million in Q4 2025 per PYAIF's latest filing, from -$74.3 million in the prior quarter.
  • Over five years, Operating Expenses peaked at -$37.0 million in Q2 2024 and troughed at -$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.
  • The sharpest annual moves came in 2024 and 2025: Operating Expenses slumped 313.94% in 2024, then soared 57.03% in 2025.
  • Over 3 years, Operating Expenses stood at -$43.6 million in 2023, then plunged by 313.94% to -$180.6 million in 2024, then jumped by 57.03% to -$77.6 million in 2025.
  • According to Business Quant data, Operating Expenses over the past three periods registered -$77.6 million, -$74.3 million, and -$64.7 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

Historic Data

Download Data
DateValue
Dec 31, 2025 -77.59 Mn
Sep 30, 2025 -74.34 Mn
Jun 30, 2025 -64.73 Mn
Mar 31, 2025 -58.36 Mn
Dec 31, 2024 -180.55 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