Pony AI (PONY) investor relations material

Executive summary

• Achieved 69% year-over-year revenue growth in Q2 2026 to $36.2 million, driven by an 8x (691%) increase in robotaxi revenue and a 40% surge in robotruck revenue, with fare charging revenue up 849%.

• Robotaxi fleet expanded to nearly 2,000 vehicles, targeting over 3,500 by year-end, with over 4,000 vehicle commitments secured with Uber and other partners.

• Strengthened leadership in China's Tier 1 cities, surpassing 1.5 million registered users and expanding operational coverage, while launching live services in Singapore and ongoing deployments in Europe and Luxembourg.

• Operational efficiency and capital discipline maintained, with a robust cash position of $1.39 billion supporting R&D, fleet growth, and international expansion.

• Technology upgrades (World Model 2.0/PonyWorld 2.0) accelerated R&D and deployment across diverse urban environments.

Financial highlights

• Q2 2026 total revenue reached $36.2 million, up 69% year-over-year, with gross profit of $6.4 million and gross margin improving to 17.5%.

• Robotaxi revenue hit $12.1 million, up 691% year-over-year; fare charging revenue grew 849%.

• Robotruck revenue reached $13.3 million, up 40% year-over-year.

• Intelligent solutions revenue was $10.8 million, with growth moderated by delivery fluctuations.

• Net loss narrowed 14.9% year-over-year to $45.4 million, with net loss margin improving to 125.2%.

Outlook and guidance

• On track to surpass 20 city deployments by year-end and beat original robotaxi revenue outlook, targeting over 3.5x last year's level.

• Confident in exceeding full-year robotaxi services revenue target, with further growth expected from overseas commercialization.

• Continued focus on capital-efficient growth, leveraging joint deployment and partner co-investment.