Pony AI Inc. balance sheet

At the end of fiscal 2025, Pony AI Inc. had total assets of $1.81bn, total liabilities of $104m and shareholders' equity of $1.65bn. It held $293m in cash against $13.2m of debt: net cash of $280m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Pony AI Inc.: balance sheet, annual
Fiscal year	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	316	426	536	293
Receivables	26	32	29	24
Total current assets	644	666	835	1,251
Total assets	772	747	1,051	1,813
Accounts payable	10	14	15	17
Deferred revenue (current)	5	2	3	2
Total current liabilities	48	48	71	91
Short-term debt	4	—	—	—
Total debt	4	0	0	13
Total liabilities	54	52	82	104
Shareholders' equity	−551	−677	951	1,652
Non-controlling interests and other (assets − liabilities − equity)	1,269	1,372	—	57
Net debt (negative = net cash)	−312	−426	−536	−280

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Pony AI Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Pony AI Inc.