NEW YORK, Aug. 18, 2026 (GLOBE NEWSWIRE) -- Pony AI Inc. ("Pony.ai" or the "Company") (NASDAQ:PONY, HKEX: 2026)), a global leader in achieving large-scale mass production and commercialization of autonomous driving technology, today announced its unaudited financial results for the quarter and six months ended June 30, 2026.

Dr. James Peng, Chairman and Chief Executive Officer of Pony.ai, commented, "In the second quarter, we advanced the scaling and commercialization of our Robotaxi business, delivering strong revenue growth, rapid fleet expansion and broader operating coverage across China and overseas markets. In China, solid operating execution and an improved user experience supported a broader range of high-frequency mobility needs. Building on our operating track record in China, we continued to expand our international footprint, working with partners including Uber. At the same time, we will continue to expand our vehicle deployment across China's tier-one cities to further strengthen our competitive position, while capturing incremental contributions from our growing overseas operations. We will continue to advance our full-year plans and are confident in our ability to exceed our full-year Robotaxi services revenues target, with further progress in overseas commercialization adding to our growth momentum."

Dr. Tiancheng Lou, Chief Technology Officer of Pony.ai, commented, "Our strategic early investments in full-stack L4 autonomous technology and advanced world models are now translating into greater efficiency across research and development, testing and fleet operations. PonyWorld 2.0 enables us to deploy Robotaxi fleets across multiple countries and cities simultaneously without a proportionate increase in engineering resources. At the same time, technology-driven improvements in fleet operations enable our teams to support larger fleets. Together, these improvements in research and development and operating efficiency enable faster deployment and scaling of our Robotaxi operations across new markets around the world."

Dr. Leo Wang, Chief Financial Officer of Pony.ai, commented, "Our second-quarter financial performance reflects our continued progress in commercialization and operating efficiency. Robotaxi revenues increased by 691.2% year-over-year to US$12.1 million, led by an 849.3% increase in fare-charging revenues. In addition, revenue contribution from the joint deployment model increased quarter-over-quarter, highlighting the model’s potential to support scalable growth with improved capital efficiency. Operating expenses increased at a much slower pace than revenues, reflecting improving operating leverage and a disciplined approach to capital allocation, with a continued focus on capital efficiency and returns. We remain focused on converting our technology and operating strengths into sustainable, high-quality financial growth."

Scaling Robotaxi Commercialization and Global Operations

Advancing Robotruck Commercialization and Gen-4 Robotruck Deployment

1 As of June 30, 2026.

2 As of August 16, 2026.

Unaudited Second Quarter Financial Results

Revenues

(in USD thousands) Three Months Ended Six Months Ended
​​June 30, 2025 June 30, 2026 June 30, 2025 June 30, 2026
         
Revenues:​       
Robotaxi services 1,526 12,073 3,256 20,643
Robotruck services 9,520 13,329 17,300 23,524
Intelligent solutions 10,409 10,818 14,878 26,303
Total revenues  21,455 36,220 35,434 70,470
         

Total revenues were US$36.2 million (RMB245.8 million) in the second quarter of 2026, up 68.8% from US$21.5 million in the second quarter of 2025. The increase was mainly driven by strong growth in Robotaxi services revenues and Robotruck services revenues.

For financial reporting purposes, our revenues are classified into service revenues and product revenues based on the nature of the underlying revenue streams. Service revenues were US$19.5 million (RMB132.1 million) in the second quarter of 2026, representing an increase of 71.9% from US$11.3 million in the second quarter of 2025, primarily attributable to Robotaxi services revenues and Robotruck transportation services revenues. Product revenues were US$16.8 million (RMB113.7 million) in the second quarter of 2026, representing an increase of 65.4% from US$10.1 million in the second quarter of 2025, primarily attributable to higher deliveries of Robotaxi vehicles under our joint deployment model.

Cost of Revenues

Gross Profit and Gross Margin

Operating Expenses

Operating expenses were US$72.1 million (RMB489.2 million) in the second quarter of 2026, representing an increase of 11.4% from US$64.7 million in the second quarter of 2025. Non-GAAP3 operating expenses were US$63.0 million (RMB427.8 million) in the second quarter of 2026, representing an increase of 9.6% from US$57.5 million in the second quarter of 2025. The increase was primarily driven by ongoing business expansion and our efforts to enhance R&D capabilities, reflecting our continued investment to support commercialization.

Loss from Operations

Other Income (Expenses), Net

Net Loss

Net Loss Attributable to Pony AI Inc.

Basic and Diluted Net Loss per Ordinary Share

Balance Sheet

3 Non-GAAP financial measures exclude share-based compensation expenses, changes in fair value of trading securities and a one-off impairment loss on prepayment for long-term investments as discussed under "Other Income (expenses), Net" section above. The exclusion of the impairment loss on prepayment for long-term investments is a new adjustment introduced in the second quarter of 2026. No comparable loss was recognized in the prior periods presented, and prior period non-GAAP measures are therefore unaffected by this change. Such adjustment has no impact on income tax. For further details, see the "Unaudited Reconciliation of U.S. GAAP and Non-GAAP Results" set forth at the end of this earnings release.

Conference Call

Pony.ai will hold a conference call at 8:00 AM U.S. Eastern Time on Tuesday, August 18, 2026 (8:00 PM Beijing/Hong Kong Time on the same day) to discuss financial results and answer questions from investors and analysts.

For participants who wish to join the call by phone, please complete the online registration process using the link provided below prior to the scheduled call start time. Upon registration, participants will receive a confirmation email containing dial-in numbers, passcode, and a unique access PIN.

Participant Online Registration: https://dpregister.com/sreg/10210583/1047a46a6e9

A replay of the conference call will be accessible through August 25, 2026, by dialing the following numbers:

United States:1-855-669-9658
International:1-412-317-0088
Replay Access Code:1628020
  

Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at https://ir.pony.ai.

Exchange Rate

This press release contains translations of certain RMB amounts into U.S. dollars ("US$" or "USD") at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB6.7851 to US$1.00, the noon buying rate in effect on June 30, 2026, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all. For analytical presentation, all percentages are calculated using the numbers presented in the financial statements contained in this earnings release.

Non-GAAP Financial Measures

The Company uses non-GAAP financial measures, such as non-GAAP research and development expenses, non-GAAP selling, general and administrative expenses, non-GAAP operating expenses, non-GAAP loss from operations, non-GAAP net loss, non-GAAP net loss attributable to Pony AI Inc., non-GAAP basic and diluted net loss per ordinary share, and non-GAAP free cash flows, in evaluating its operating results and for financial and operational decision-making purposes. By excluding the impact of share-based compensation expenses, changes in fair value of trading securities and impairment loss on prepayment for long-term investments, the Company believes that the non-GAAP financial measures help identify underlying trends in its business and enhance the overall understanding of the Company’s past performance and future prospects. The Company also believes that the non-GAAP financial measures allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making.

The non-GAAP financial measures are not presented in accordance with U.S. GAAP and may be different from non-GAAP methods of accounting and reporting used by other companies. The non-GAAP financial measures have limitations as analytical tools and when assessing the Company’s operating performance, investors should not consider them in isolation, or as a substitute for financial information prepared in accordance with U.S. GAAP. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.

The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company’s performance.

For more information on the non-GAAP financial measures, please see the table captioned "Unaudited Reconciliation of U.S. GAAP and Non-GAAP Results" set forth at the end of this earnings release.

About Pony AI Inc.

Pony AI Inc. (NASDAQ:PONY, HKEX: 2026)), founded in 2016, is a global leader in achieving large-scale mass production and commercialization of autonomous driving technology. Pony.ai is committed to delivering safe, advanced, and reliable autonomous driving technology and solutions. At the heart of Pony.ai’s strategy is its proprietary world model PonyWorld and its Virtual Driver technology. Together, they power the development and scaling of its Robotaxi services, Robotruck services, and Intelligent solutions businesses. With operations spanning China, Europe, East Asia, the Middle East, and beyond, Pony.ai stands among a select few companies globally to achieve fully driverless commercial operations. Pony.ai has forged deep and extensive partnerships across the autonomous driving value chain, enabling it to accelerate the commercialization of autonomous driving in line with its ultimate vision: "Autonomous Mobility Everywhere." For more information, please visit: https://ir.pony.ai.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. Statements that are not historical facts, including statements about Pony.ai’s beliefs, plans, and expectations, such as the expectation of exceeding annual robotaxi services revenue target, expected Robotaxi year-end fleet size and expected city deployment, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in Pony.ai’s filings with the SEC and the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release, and Pony.ai does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor inquiries, please contact:

Pony.ai

Investor Relations

Email: ir@pony.ai

Pony AI Inc.

Unaudited Condensed Consolidated Balance Sheets

(All amounts in USD thousands)



​

​

As of​As of
December 31, 2025 June 30, 2026
     
Assets​​​​
Current assets:​​​​
Cash and cash equivalents​293,489 327,111
Restricted cash, current​1,936 4,678
Short-term investments​872,158 787,008
Accounts receivable, net​23,644 43,324
Amounts due from related parties, current​11,338 12,907
Prepaid expenses and other current assets​48,074 61,784
Total current assets​1,250,639 1,236,812
Non-current assets:​   
Restricted cash, non-current​288 117
Property, equipment and software, net​60,467 98,533
Operating lease right-of-use assets​14,811 18,792
Long-term investments​454,942 375,660
Prepayment for long-term investments 25,000 -
Other non-current assets​6,690 8,725
Total non-current assets​562,198 501,827
Total assets​1,812,837 1,738,639
Liabilities and Shareholders’ Equity​   
Current liabilities:​   
Accounts payable and other current liabilities​85,261 70,818
Operating lease liabilities, current​4,792 5,510
Amounts due to related parties, current 1,422 1,250
Total current liabilities​91,475 77,578
Operating lease liabilities, non-current​10,375 13,515
Other non-current liabilities​1,988 1,912
Total liabilities​103,838 93,005
Total Pony AI Inc. shareholders’ equity​1,652,277 1,575,534
Non-controlling interests​56,722 70,100
Total shareholders’ equity​1,708,999 1,645,634
Total liabilities and shareholders’ equity​1,812,837 1,738,639



Pony AI Inc.

Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss

(All amounts in USD thousands, except for share and per share data)



  Three Months Ended Six Months Ended
​​June 30, 2025 June 30, 2026 June 30, 2025 June 30, 2026
         
Revenues:        
Service revenues​11,324  19,468  21,685  36,194 
Product revenues​10,131  16,752  13,749  34,276 
Total Revenues​21,455  36,220  35,434   70,470  
Cost of revenues​(17,992) (29,870) (29,655) (58,559)
Gross profit​3,463  6,350  5,779   11,911  
Operating expenses:​       
Research and development expenses​(49,030) (56,236) (96,516) (104,114)
Selling, general and administrative expenses​(15,701) (15,856) (26,574) (31,876)
Total operating expenses​(64,731) (72,092) (123,090) (135,990)
Loss from operations (61,268) (65,742) (117,311) (124,079)
Investment income​6,513  10,398  28,687  22,200 
Changes in fair value of trading securities​(1,710) 33,415  (6,234) 25,663 
Other income (expenses), net 3,203  (23,420) 4,219  (22,644)
Loss before income tax​(53,262) (45,349) (90,639) (98,860)
Income tax expenses (1) (1) (1) (1)
Net loss​(53,263) (45,350) (90,640) (98,861)
Net (loss) income attributable to non-controlling interests​(165) 14,494  5,446  11,390 
Net loss attributable to Pony AI Inc.​(53,098) (59,844) (96,086) (110,251)
Weighted average number of ordinary shares outstanding used in computing net loss per ordinary share, basic and diluted​366,831,015  433,551,136  359,375,886  433,546,371 
Net loss per ordinary share, basic and diluted​(0.14) (0.14)　(0.27) (0.25)
Net loss​(53,263) (45,350) (90,640) (98,861)
Other comprehensive (loss) income:        
Foreign currency translation adjustments​10  8,915  114  19,670 
Unrealized (loss) gain on available-for-sale investments​(47) 3,449  (13,771) 2,436 
Total other comprehensive (loss) income​(37) 12,364  (13,657) 22,106 
Total comprehensive loss ​(53,300) (32,986) (104,297) (76,755)
Less: Comprehensive (loss) income attributable to non-controlling interests​(134) 15,476  (252) 13,378 
Total comprehensive loss attributable to Pony AI Inc.​(53,166) (48,462) (104,045) (90,133)
             



Pony AI Inc.

Unaudited Condensed Consolidated Statements of Cash Flows

(All amounts in USD thousands)



  Three Months Ended Six Months Ended
  June 30, 2025 June 30, 2026 June 30, 2025 June 30, 2026
         
Net cash used in operating activities (25,411) (44,014) (79,570) (118,215)
Net cash (used in) provided by investing activities (67,145) 53,699  (160,416) 160,870 
Net cash provided by (used in) financing activities 33,086  (1,153) 23,600  (376)
Effect of exchange rate changes on cash, cash equivalents and restricted cash(1,167) (5,883) (1,045) (6,086)
Net change in cash, cash equivalents and restricted cash (60,637) 2,649   (217,431) 36,193  
Cash, cash equivalents and restricted cash at beginning of period 379,378  329,257  536,172  295,713 
Cash, cash equivalents and restricted cash at end of period 318,741  331,906   318,741   331,906  



Pony AI Inc.

Unaudited Reconciliation of U.S. GAAP and Non-GAAP Results

(All amounts in USD thousands, except for share and per share data)



  Three Months Ended Six Months Ended
  June 30, 2025 June 30, 2026 June 30, 2025 June 30, 2026
         
Research and development expenses (49,030) (56,236) (96,516) (104,114)
Share-based compensation expenses 4,970  6,358  11,874  8,982 
Non-GAAP research and development expenses (44,060) (49,878) (84,642) (95,132)
         
Selling, general and administrative expenses (15,701)　(15,856) (26,574) (31,876)
Share-based compensation expenses 2,235 　2,689  4,343  4,636 
Non-GAAP selling, general and administrative expenses (13,466)　(13,167) (22,231) (27,240)
         
Operating expenses (64,731)　(72,092) (123,090) (135,990)
Share-based compensation expenses 7,205  9,047  16,217  13,618 
Non-GAAP operating expenses (57,526) (63,045) (106,873) (122,372)
         
Loss from operations (61,268) (65,742) (117,311) (124,079)
Share-based compensation expenses 7,205  9,047  16,217  13,618 
Non-GAAP loss from operations4 (54,063) (56,695) (101,094) (110,461)
         
Net loss (53,263) (45,350) (90,640) (98,861)
Share-based compensation expenses 7,205  9,047  16,217  13,618 
Changes in fair value of trading securities 1,710      (33,415) 6,234         (25,663)
Impairment loss on prepayment for long-term investments -  25,000  -  25,000 
Non-GAAP net loss (44,348) (44,718) (68,189) (85,906)
         
Net loss attributable to Pony AI Inc. (53,098) (59,844) (96,086) (110,251)
Share-based compensation expenses 7,205  9,047  16,217  13,618 
Changes in fair value of trading securities 1,710       (18,560) 6,234          (13,584)
Impairment loss on prepayment for long-term investments -  25,000  -  25,000 
Non-GAAP net loss attributable to Pony AI Inc. (44,183) (44,357) (73,635) (85,217)
         
Weighted average number of ordinary shares outstanding used in computing net loss per ordinary share, basic 366,831,015  433,551,136  359,375,886  433,546,371 
Non-GAAP net loss per ordinary share, basic and diluted (0.12) (0.10) (0.20) (0.20)
         
Net cash used in operating activities (25,411) (44,014) (79,570) (118,215)
Capital expenditures (9,576) (32,163) (14,464) (44,618)
Free cash flows 5 (Non-GAAP) (34,987) (76,177) (94,034) (162,833)
             

4 Such adjustments have no impact on income tax for the three-month and six-month periods ended June 30, 2025 and 2026, as no deferred tax has been recognized in respect of the temporary differences arising from these Non-GAAP adjustments.

5 Free Cash Flows are a non-GAAP measure, commonly defined as cash flows from operating activities as presented in the statement of cash flows, less capital expenditures. However, in the context of the Company, operating cash flows are a cash out (i.e., a cash outflow). Free Cash Flows represent the total of operating cash outflows plus capital expenditures. This metric reflects the Company's important cash outflows, as it combines the funds required to maintain operations and invest in growth.



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