Pony AI Inc. announced its unaudited financial results for the first quarter ended March 31, 2025, on May 20, 2025. The company reported a robust 12% year-over-year increase in total revenues, reaching $13.98 million, up from $12.52 million in the prior year.
Robotaxi services revenue saw a significant surge of 200% year-over-year, with fare-charging revenues experiencing approximately 800% growth. This strong performance was attributed to accelerating production and driving cost efficiency through technological advancements, particularly with the seventh-generation autonomous driving system (Gen-7) which reduces bill-of-materials (BOM) costs by 70%.
Despite the revenue growth, the company's net loss widened to $42.99 million, compared to $20.6 million a year ago, primarily due to increased operating expenses of $58.4 million, up 56.3% from Q1 2024. These expenses reflect significant investments in mass production for Gen-7 vehicles and one-time expenses associated with share awards vested upon the IPO. Basic and diluted loss per ordinary share was $0.12, compared to $0.23 a year ago.
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