Pony AI (PONY +0.99%) is a newly public artificial intelligence company focused on autonomous driving. The company completed its IPO in November 2024 and develops proprietary software used in robotaxis and autonomous trucks.
Pony AI operates more than 250 robotaxis and 190 robotrucks, with tens of millions of autonomous driving kilometers logged. While most of its business is based in China, where it has secured key regulatory approvals in major cities, the company also has operations across Europe, East Asia, and the Middle East.
As a young, unprofitable AI company, Pony AI appeals primarily to investors looking for high-growth exposure to autonomous mobility rather than near-term earnings or income.
How to buy Pony AI stock
For those who believe in the merits of going for a ride with Pony AI stock, there are a few simple steps to take.
- Open your brokerage app: Log into your brokerage account where you handle your investments. If you don't have one yet, take a look at our favorite brokers and trading platforms to find the right one for you.
- Search for Pony AI: Enter the ticker "PONY" into the search bar to bring up the stock's trading page.
- Decide how many shares to buy: Consider your investment goals and how much of your portfolio you want to allocate to this stock.
- Select order type: Choose between a market order to buy at the current price or a limit order to specify the maximum price you're willing to pay.
- Submit your order: Confirm the details and submit your buy order.
- Review your purchase: Check your portfolio to ensure your order was filled as expected, and adjust your investment strategy accordingly.
Should you invest in Pony AI stock?
Those seeking an AI investment -- or even diversity in the sort of AI investments they have chosen -- will be drawn to the stock. From semiconductor stocks to companies that develop generative AI models, there are various opportunities for AI investments. Pony AI, a developer of proprietary AI software that enables autonomous ability, is yet another option.
That said, the risks are significant. The company is still unprofitable, operates primarily in China, and remains in a capital-intensive growth phase. Conservative investors or those uncomfortable with geopolitical risk may want to look elsewhere.
Pony AI is best viewed as a speculative, long-term bet on the adoption of autonomous mobility rather than a stable AI investment.

NASDAQ: PONY
Key Data Points
Is Pony AI profitable?
Based on a regulatory filing for the IPO of its American depositary shares, Pony AI was unprofitable in 2023 and 2024. On a gross profit basis, the company is in the black, posting gross profits of $32.1 million and $16.9 million in 2022 and 2023, respectively. The bottom of the income statement, however, tells a different story. The company reported net losses in each of the previous two years: $125.3 million in 2023 and $181.1 million in 2024.
While the company's still reporting a net loss, it's worth noting that it has made headway toward generating profits. For the six-month period ending June 30, 2025, Pony AI reported a net profit margin of positive 16.1%, notably better than the negative 0.3% in the same time period of 2024.
Does Pony AI pay a dividend?
As of the end of 2025, Pony AI hadn't paid a dividend to shareholders. Between the company's inability to generate both profits and positive operational cash flow -- it reported $79.5 million net cash used in operating activities -- it's highly unlikely that Pony AI will return capital to shareholders by way of dividends anytime soon.
Exchange-Traded Fund (ETF)
Will Pony AI stock split?
Companies often decide to split their stocks when they believe that the share price is so high that it's preventing some investors from buying them. There are a variety of upcoming stock splits, but it is incredibly unlikely that Pony AI will be one of them.
The bottom line
A new option for those interested in self-driving car exposure, Pony AI has already made significant inroads in advancing autonomous mobility in China, Europe, and the Middle East.
Before buying Pony AI stock or an ETF that presents exposure to the autonomous mobility industry, it's important to recognize the ample risks associated with these types of investments. Although Pony AI is generating revenue, there's no guarantee that it will achieve profitability.
























