# Pony AI Inc. (PONY) fundamentals

Data as of 2026-11-04. NASDAQ, United States. Sector: Technology / Software. Price $4.55, market value $2.0 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Pony AI Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 15.8×**. Each dollar of revenue is priced at 15.8×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 1.3×**. The shares trade at 1.3× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: -14.8%** (5-yr avg -5.6%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 16.2%**. Pony AI Inc. keeps 16.2% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: -214.0%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -148.9%**. The company reported a net loss over the last twelve months.
- **Return on equity: -8.1%**. Return on equity is negative because earnings are negative.
- **Return on assets: -8.2%**. Each dollar of assets produces -8.2% of profit.

## Growth
- **Revenue growth (1 yr): 20.0%** (3-yr 9.6%/yr). Revenue grew 20.0% over the last year.
- **EPS growth (1 yr): 85.4%**. Earnings per share rose 85.4%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Current ratio: 13.67** (quick 13.67). Current assets cover the next year's liabilities 13.67 times.
- **Altman Z-score: 13.06**. A Z-score of 13.06 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend: none**. Pony AI Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (16 analysts). 16 analysts cover Pony AI Inc.; the consensus is strong_buy, with an average price target of $19.23 (+323% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -75.3%** (YTD -68.1%, 3-mo -42.6%). The shares are down 75.3% over twelve months including dividends.
- **From 52-week high: -74.2%** (1.6% above the low). Trading 74% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 26**. An RSI of 26 is oversold; bounces are common, but oversold can stay oversold in a real decline.
- **Beta (1 yr): 2.97** (volatility 66%). Beta of 2.97 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=PONY · Page: https://foliofundamentals.com/stocks/pony

Not investment advice.