Pony AI Shares Rally On Q1 Revenue Increase, Narrower Loss: Retail Sees Stock Shooting ‘To The Moon’

Shares of Pony AI Inc. (PONY) rose 6% in pre-market trading on Tuesday after the company’s first-quarter (Q1) revenue rose while losses narrowed.

Pony AI reported an 11.6% year-on-year (YoY) increase in its total revenue to $14 million in the three months through the end of March.

The company said the revenue rise was spurred by a 200% growth in robotaxi service revenues to $1.73 million and a jump of approximately 800% in fare-charging revenue.

The company’s adjusted loss per ordinary share narrowed to $0.10, compared to $0.28 in the first quarter of 2024.

Pony AI ended the quarter with cash, cash equivalents, short-term investments, restricted cash, and long-term debt instruments of $738.5 million as of March 31, 2025, compared to $825.1 million as of Dec. 31, 2024.

The decrease in balance was mainly driven by the company’s research and development efforts, supply chain preparation, and one-time cash payments associated with employee expenses.

Pony AI unveiled its seventh-generation autonomous driving system at the Shanghai International Automobile Industry Exhibition last month. The company aims to commence mass production of robotaxis in mid-2025.

On Stocktwits, retail sentiment around PONY remained within the ‘bearish’ territory over the past 24 hours while message volume stayed at ‘low’ levels.

A Stocktwits user opined that the shares will shoot “to the moon” given the increase in revenue and recent partnership with ride-hailing firm Uber Technologies, Inc.

As part of the partnership, Pony AI’s robotaxis will be deployed on the Uber platform, starting in the Middle East, later this year.

Another opined that the increase in expenses is not worrisome, provided the company is still in its early growth stage.

The stock is up by over 11% this year and about 41% over the past 12 months.

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