Pony AI has posted its first profitable quarter ever. At the same time, the company plans to deploy robotaxis in more than 20 cities globally this year.
Net income in Q4 2025: $75.5 million.
Full-year 2025 revenue: $90 million (+20%).
Annual loss: narrowed 72% to $76.8 million.
The details
There's an asterisk on that profit: the $75.5 million didn't come from the robotaxi business. Pony AI holds an early stake in Chinese chip designer Moore Threads, whose stock surged 425% at its IPO in December.
The core business is growing fast regardless. Robotaxi revenue jumped 160% in Q4, paid rides surged over 500%. The fleet has grown from under 300 to 1,446 vehicles in just one year.
In Guangzhou and Shenzhen, the Gen-7 model hit per-vehicle break-even within four months of launch. Peak day in Shenzhen: RMB 394 in daily revenue, 25 rides per robotaxi.
Users in China: nearly one million, triple year-on-year
Cash on hand: $1.5 billion
2026 target: double the fleet to 3,000+, across 20+ cities globally
Toyota is producing 1,000 bZ4X robotaxis for Pony AI this year
Zagreb + Uber:
In the Croatian capital, Pony AI is teaming up with Uber and local startup Verne to launch Europe's first commercial robotaxi service. Test rides are already underway with Arcfox Alpha T5 vehicles running Pony's Gen-7 system.
Verne operates the fleet, Uber integrates the service into its app and is investing in Verne. In parallel, Pony AI runs commercial services in Doha and launched in Singapore in March. Driverless approval is pending in Dubai.
Bigger Picture
The quarterly profit is a paper gain, not an operational breakthrough. But the trajectory is clear: five times more paid rides, break-even in two cities, and an international push no other Chinese robotaxi player can match.
While Baidu's Apollo Go dominates the home market, Pony AI is building a global network with Uber as its distribution channel.
CFO Leo Wang calls it "front-loaded investment to drive commercialization at a quicker pace." The expensive scaling phase is still ahead.
Sources: Bloomberg, Yicai Global, GlobenNewswire
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