Key Highlights
- Q4 adjusted earnings per share reached $0.12, surpassing Wall Street expectations, with revenue totaling $29.1 million
- Pre-market shares climbed 2.81% following the earnings release and collaboration announcement
- Robotaxi segment revenue jumped 160% compared to the prior-year quarter, reaching $6.7 million
- Strategic collaboration with Uber unveiled for commercial robotaxi operations, debuting in Zagreb, Croatia
- Vehicle fleet expanded beyond 1,400 units, with ambitious plans to exceed 3,000 by late 2026
Shares of Pony AI (PONY) advanced 2.81% during Thursday’s pre-market session following the autonomous driving company’s fourth quarter earnings report that exceeded expectations and the revelation of a significant collaboration with Uber Technologies for European robotaxi deployment.
Pony AI Inc. American Depositary Shares, PONY
The autonomous vehicle developer delivered adjusted earnings per share of $0.12 for the fourth quarter, outperforming Wall Street’s projections. Quarterly revenue reached $29.1 million.
Year-over-year revenue declined 18% from $35.5 million in the comparable period. This decrease stemmed primarily from timing-related challenges in project-based revenue streams within the licensing and applications division, which contracted 53% to $9.4 million.
Robotruck operations generated $13.1 million in revenue, representing a modest 1.2% increase from the previous year.
The standout performance came from the robotaxi division, where revenue skyrocketed 160% year-over-year to $6.7 million. Particularly impressive, fare-collecting revenue within this segment exploded by over 500% compared to the prior year.
A milestone was achieved on March 22, 2026, when daily net revenue per Gen-7 vehicle in Shenzhen reached a record RMB394, with each vehicle completing 25 orders.
European Market Entry Through Uber Collaboration
The company revealed a strategic agreement with Uber to introduce Europe’s first commercial robotaxi operation. Zagreb, Croatia will serve as the initial launch market, although specific timing remains to be announced.
Pony AI has recently extended operations into Croatia, Hangzhou, and Changsha. Management is pursuing deployment across more than 20 global cities before 2026 concludes.
Chief Executive Dr. James Peng characterized 2025 as “an amazing year,” highlighting fleet expansion, operational growth, and achieving unit economics breakeven across multiple Chinese tier-one markets.
The company reached consecutive unit economics breakeven milestones in both Guangzhou and Shenzhen within merely four months of introducing its Gen-7 robotaxi platform.
Expansion Plans and Balance Sheet
As of March 25, 2026, Pony AI’s operational fleet surpassed 1,400 vehicles. Management intends to more than double this figure, targeting over 3,000 vehicles before year-end.
Adjusted net losses for the quarter expanded to $49 million from $41.3 million in the year-ago period. Management attributed this to upfront investments designed to accelerate commercial rollout.
The company maintained cash and cash equivalents of $1.5 billion as of December 31, 2025, providing substantial financial flexibility.
Financial results were issued as unaudited figures prepared under U.S. GAAP. The company advised investors to exercise appropriate caution regarding the preliminary nature of these figures.
Current analyst consensus rates the stock as a Buy, establishing a price target of HK$255.20.
With a fleet exceeding 1,400 vehicles as of March 25, 2026, Pony AI continues aggressive expansion toward its year-end goal of 3,000 operational units.
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