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Chinese autonomous-driving company developing robotaxi and autonomous trucking technology.
Chinese autonomous-driving company developing robotaxi and autonomous trucking technology.
Revenue comes from robotaxi fares and fleet services, trucking freight fees, and fees for licensing its driving software to automakers and partners, while heavy spending goes into building out fleets and proving the technology. Partnerships with carmakers such as Toyota and with ride-hailing platforms are central to how it expands.
In one line: China's Waymo.
Moat: narrow (IP / patents, data, process know-how). Years of accumulated autonomous-driving data and technology validated through robotaxi pilot deployments in multiple Chinese cities.
Headquarters: Guangzhou/Beijing, China · Founded: 2016 · Employees: 1,669
Size Pony AI (2026.HK) is a Hong Kong Information Technology company (Packaged Software) with a market value of $1.93B, the 425th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$34.80 on 6 Nov 2026.
Performance Over six months the shares fell 56.5%, against -10.3% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 67.0% over the last twelve months (peer median +9.8%); the operating margin is -214.0% (peer median 1.9%).
Valuation It trades at 7.4× enterprise value to sales against a peer median of 5.1× (7th most expensive of 20).
Capital Return on invested capital runs 50.2 points below its cost of capital (15.1% WACC).
Next results Next results expected around 18 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$977M | HK$702M | HK$585M | HK$563M | HK$535M |
| Revenue growth | — | +20% | +4% | +5% | — |
| Gross profit | HK$170M | HK$65.2M | HK$26.6M | HK$34.2M | HK$127M |
| EBITDA | n/a | -HK$1.97B | -HK$2.14B | -HK$1.01B | -HK$1.21B |
| Net income | -HK$1.16B | -HK$1.04B | -HK$2.14B | -HK$977M | -HK$1.16B |
| Free cash flow | n/a | -HK$1.63B | -HK$953M | -HK$943M | -HK$1.31B |
| Capital expenditure | n/a | HK$342M | HK$88.9M | HK$39.9M | HK$94.2M |
| Total debt | HK$288M | HK$225M | HK$107M | HK$57.4M | HK$102M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Pony AI 2026.HK | $1.93B | -56% | +67% | -214% | 7.4× | n/a |
| WeRide 0800.HK | $1.33B | -47% | +109% | -221% | 5.3× | n/a |
| Bidu-sw 9888.HK | $26.4B | -43% | -1% | 7% | 1.2× | n/a |
| Momenta Global 6880.HK | $4.02B | n/a | +82% | -32% | 28.1× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2026.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -26.5% | +3.3% | lowest of 21 |
| 6-month return | -56.5% | -10.3% | lowest of 21 |
| Distance from 52-week high | -74.6% | -42.2% | lowest of 21 |
| Revenue growth (TTM) | +67.0% | +9.8% | highest of 21 |
| Operating margin | -214.0% | 1.9% | lowest of 21 |
| EV / Sales | 7.4× | 5.1× | 7th most expensive of 20 |
| ROIC minus cost of capital | -50.2 pp | -7.7 pp | 2nd lowest of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Pony AI 2026.HK | Hong Kong | $1.93B | -56% | +67% | -214% | 7.4× | n/a | n/a |
| Planisware Societe anonyme PLNW.PA | France | $1.94B | +46% | +8% | 31% | 7.4× | 12.3% | +16.8% |
| Karooooo KARO | United States | $1.95B | +25% | +32% | 25% | 5.5× | 10.4% | +17.7% |
| Ourpalm 300315.SZ | China | $1.96B | -3% | -5% | -65% | 16.0× | 55.8% | -17.0% |
| Aisino 600271.SS | China | $1.96B | -16% | -12% | -24% | 1.8× | n/a | n/a |
| China TransInfo Technology 002373.SZ | China | $1.89B | -11% | +16% | 1% | 1.2× | 22.0% | -2.7% |
| iFAST AIY.SI | Singapore | $1.89B | -10% | +35% | 24% | 1.9× | -11.6% | +24.8% |
| Business-Intelligence of Oriental Nations 300166.SZ | China | $1.88B | -27% | +7% | -5% | 6.0× | n/a | n/a |
| iReader Technology 603533.SS | China | $1.98B | +20% | +14% | -2% | 3.2× | 37.2% | +9.5% |
| Pine Labs PINELABS.NS | India | $1.98B | -19% | +50% | 7% | n/a | n/a | n/a |
| Shenzhen Intellifusion Technologies 688343.SS | China | $1.87B | -46% | -4% | -52% | 8.4× | n/a | n/a |
| ArcSoft 688088.SS | China | $1.87B | -26% | +10% | 12% | 11.2× | 41.3% | +6.2% |
| Tianyu Digital Technology 002354.SZ | China | $2.00B | +31% | +8% | -2% | 6.3× | 25.9% | +15.8% |
| eToro ETOR | United States | $1.86B | -40% | +10% | 32% | 0.7× | -18.5% | +15.4% |
| Hydsoft Technology 301316.SZ | China | $1.86B | -41% | +19% | 3% | 4.9× | 46.1% | +26.7% |
| Justsystems 4686.T | Japan | $2.01B | +33% | +10% | 44% | 3.8× | -6.3% | +4.6% |
| Zhejiang Jinke Tom Culture Industry 300459.SZ | China | $2.01B | -9% | -10% | -108% | 16.4× | 43.2% | -12.5% |
| SoundHound AI SOUN | United States | $1.85B | -54% | +55% | -96% | 8.1× | n/a | n/a |
| C3.ai AI | United States | $1.84B | +18% | -38% | -198% | 5.1× | n/a | n/a |
| Certara CERT | United States | $1.84B | +91% | +1% | 5% | 4.8× | 40.7% | +11.5% |
| Mobvista Incorporation 1860.HK | Hong Kong | $2.05B | -43% | +26% | 4% | 0.8× | -1.1% | +31.9% |