Pony AI (PONY) investor relations material

Executive summary

• Achieved mass production of Gen 7 robotaxi vehicles, with over 200 units produced and a clear path to surpassing 1,000 vehicles by year-end 2025.

• Registered users surged 136% year-over-year in Q2, reflecting broader user coverage and high satisfaction.

• Secured fully driverless commercial licenses in all four Tier 1 Chinese cities and expanded operations to Dubai, Seoul, Luxembourg, UAE, Saudi Arabia, South Korea, and Singapore.

• Total revenues grew 76% year-over-year in Q2 2025, with robotaxi and licensing revenues more than doubling and fare charging revenues up over 300%.

• Maintained a strong safety record, with over 8.7 million autonomous kilometers driven and significant cost reductions in key areas.

Financial highlights

• Q2 2025 total revenues reached $21.5 million, up 76% year-over-year, driven by robotaxi services and licensing.

• Robotaxi service revenues were $1.5 million, up 158% year-over-year; fare charging revenues grew over 300%.

• Licensing and application revenues were $10.4 million, up 902% year-over-year.

• Gross margin improved to 16.1%, with gross profit of $3.5 million, compared to a loss last year.

• Net loss was $53.3 million, up from $30.9 million last year; non-GAAP net loss was $46.1 million, reflecting increased R&D and mass production investments.

Outlook and guidance

• Confident in surpassing 1,000 Gen 7 robotaxi vehicles by year-end 2025, with scalable production cycles and secured key components.

• Expect continued improvements in unit economics and positive trajectory for Gen 7 vehicles.

• Focus remains on scaling up operations, expanding user base, and accelerating global deployment.

• Sufficient cash reserves to support Gen 7 supply chain and expansion plans.

• Confident in achieving a 1:30 remote assistant-to-vehicle ratio by end of 2025, improving cost efficiency.