Pony AI vs Weride
Pony AI and Weride are similar in size: $90.0m and $95.3m of revenue in their latest fiscal years. Weride grew faster (89.8% against 20.0%). Pony AI kept more of each dollar of sales as profit: a net margin of -148.9% against -241.7%. Pony AI carries less debt relative to equity (0.8% against 4.1%).
| Latest fiscal year | Pony AIPONY, 2025 | WerideWRD, 2025 |
|---|---|---|
| Revenue | $90.0m | $95.3m |
| Revenue growth | 20.0% | 89.8% |
| Net income | −$134m | −$230m |
| Operating margin | -289.8% | -269.8% |
| Net margin | -148.9% | -241.7% |
| Return on equity | -10.3% | -22.0% |
| Free cash flow | −$209m | −$218m |
| Cash | $293m | $953m |
| Total debt | $13.2m | $46.4m |
| Debt to equity | 0.8% | 4.1% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $1.73bn | $1.34bn |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 10 sales | 0 buys, 0 sales |