Overview
- Pony.ai reported Q4 results Thursday with revenue down 18% to $29.1 million and a $75.5 million GAAP profit driven by gains on trading securities, while core losses widened.
- Robotaxi sales jumped 160% to $6.7 million as fare-charging rose more than 500%, capped by a March 22 record of RMB 394 in daily net revenue per Gen-7 car in Shenzhen.
- The Gen-7 fleet reached unit-economics breakeven in Guangzhou and Shenzhen, with roughly 23 to 25 rides per car each day.
- The company says its fleet has grown to 1,446 vehicles and it plans to top 3,000 across 20-plus cities by year-end 2026, including a new Uber-backed launch in Zagreb.
- Management is leaning on an asset-light rollout with Toyota and other partners, $1.5 billion in cash, and planned cost cuts, but company-wide profitability still hinges on scaling these per-car economics.