Stock Ratings / Technology / PONY / financials

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Pony AI Inc. (PONY) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

Q: How profitable is Pony AI Inc. (PONY)?

In FY 2025 (10-K), PONY converted $90.0M of revenue into a 15.7% gross margin, 0% operating margin, and $0 in free cash flow (0% FCF margin).

$4.92 -2.57% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot)

Pony AI Inc. (PONY) carries a Roarable Rating of E (Strong Sell) with 28/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE E • RED ALERT Cap $2.13B

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

RQD QUANT TACHOMETERRED ALERT • E

3-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw E · Rk D-

Each axis scored 0–20

12M PRICE TARGET CONE-13.4% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for PONY)Realized 20D OHLCV Swing Band: ±9.8%

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How PONY Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$0 (0% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY23

Rev $71.9M

FY24

Rev $75.0M

FY25

Rev $90.0M

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$90.0M	15.7%	-80%	-$134.0M	-$165.0M	-15.2%
FY 2024	$75.0M	15.2%	-80%	-$274.1M	-$110.8M	-45%
FY 2023	$71.9M	15.7%	-80%	-$124.8M	-$115.4M	-15.2%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring PONY)

✓Walkthrough of PONY's RQD Radar, SEC cash-conversion gap & downside invalidation levels
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PONY // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -50.15%▼ DESCENDING CHANNEL

2026-10-30O $4.78H $4.92L $4.54C $4.92VOL 4.76M

RES: $6.41SUP: $2.92SMA50: $6.34SMA200: $9.25

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

PONY Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 PONY Butterfly Map → + Track PONY →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

8.0%/yr Implied 5Y Growth

vs. +20.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on PONY today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for PONY. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

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DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (PONY)

Technology Rank #682 of 714 ⚔️ INFQ vs PONY Full Matrix →

1. Head-to-Head Technology Peer Comparison (PONY vs. INFQ, STNE, RAMP, ATHM)

Industry: EDP Services (163 Tracked Issuers)

Across 714 tracked Technology securities in the Roarable RQD universe, Pony AI Inc. (PONY) ranks #682 by composite RQD confidence (28/100, grade E) and #285 by equity capitalization ($2.13B). Within this direct 5-issuer industry benchmark cohort, ATHM leads on earnings valuation at 11.3x trailing P/E, while RAMP leads on capital efficiency and profitability with 11.6% ROIC and 70.7% gross margin. ATHM currently holds the highest overall quantitative score in the immediate peer group at 63/100 (C) compared with PONY at 28/100 (E).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
PONY ACTIVE Pony AI Inc.	E	28/100	—	15.7%	-15.2%	-2.57%	$2.13B	Benchmark Subject
INFQ Infleqtion Inc.	D-	38/100	—	36.6%	-26.6%	-2.08%	$2.13B	/infq-vs-pony →
STNE StoneCo Ltd. (Class A)	D+	53/100	—	—	—	-1.11%	$1.97B	/stne-vs-pony →
RAMP LiveRamp Holdings Inc.	D+	57/100	15.9x	70.7%	11.6%	+0.24%	$2.32B	/ramp-vs-pony →
ATHM Autohome Inc. each representing four . (Class A)	C	63/100	11.3x	72.4%	2.9%	+0.55%	$2.33B	/athm-vs-pony →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001969302

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Pony AI Inc. (PONY) reported GAAP revenue of $90.0M (+20.0% vs. FY2024 revenue of $75.0M , and +25.2% cumulative change since FY2023) , GAAP net income of -$134.0M, operating cash flow of -$165.0M, and free cash flow of -$165.0M (-48.9% YoY). On the balance sheet, PONY closed FY2025 with $1.81B in total assets against $0 in total debt (Altman Z-Score: 11.57, Piotroski F-Score: 3/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$90.0M	-$134.0M	-$165.0M	-$165.0M	$1.81B	—
FY2024 (FY)	2024-12-31	$75.0M	-$274.1M	-$110.8M	-$110.8M	$1.05B	—
FY2023 (FY)	2023-12-31	$71.9M	-$124.8M	-$115.4M	-$115.4M	—	—

3. PONY Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is PONY stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-01, Pony AI Inc. (NASDAQ: PONY) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 28/100 at a spot price of $4.92 (-2.57% 1D, market cap $2.13B). Pillar breakdown: Fundamental Cash Engine 5/20, Institutional 13F & Options Flow 6/20, Executive Insider Alignment 8/20, FRED Macro Regime Fit 6/20, and SEC Balance-Sheet Forensics 3/20. Across 714 tracked Technology issuers, PONY ranks #682 in composite RQD confidence.

How does PONY compare to INFQ and STNE in the Technology sector?

Within the Technology sector (EDP Services), PONY carries a Roarable E (28/100 RQD), trailing P/E of N/A, gross margin of 15.7%, and ROIC of -15.2%. By comparison, INFQ (Infleqtion Inc.) holds a D- grade (38/100 RQD, P/E N/A, ROIC -26.6%, cap $2.13B) and STNE (StoneCo Ltd. (Class A)) posts a D+ grade (53/100 RQD, P/E N/A, ROIC —, cap $1.97B). Among the 5-stock peer group, ATHM leads on earnings multiple (11.3x) while RAMP leads on capital efficiency (11.6% ROIC).

What are the biggest fundamental strengths and SEC risk factors for PONY?

Per PONY's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001969302), Pony AI Inc. generated $90.0M in revenue (+20.0% YoY), -$134.0M in net income, and -$165.0M in free cash flow against $1.81B in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Technology with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is PONY trading relative to its 50-day, 200-day, and 52-week technical levels?

PONY last traded at $4.92 (-2.57% on volume of 2,526,734 shares), positioning the stock -22.40% below its 50-day simple moving average ($6.34) and -46.81% below its 200-day simple moving average ($9.25). Across its 52-week range of $4.54 to $18.80, PONY sits at the 2.7% percentile with a 14-day RSI of 26.6 (OVERSOLD (<32)) and an implied next-earnings move of ±9.8% ($4.44 to $5.40).