Q1 2026 Pony AI Inc Earnings Call Transcript
Key Points
- Pony AI Inc (PONY) reported a 145% year-over-year increase in total revenue for Q1 2026, with robotaxi revenues growing nearly 400%.
- The company expanded its robotaxi fleet to over 1,700 vehicles, with registered users in China growing more than 200% year-over-year.
- Pony AI Inc (PONY) has established a presence in 9 countries and started services in 4 overseas markets, including Croatia, Qatar, Singapore, and South Korea.
- The company is on track to surpass a fleet size of 3,500 vehicles by the end of 2026, up from the initial target of 3,000.
- Pony AI Inc (PONY) achieved a record high robotaxi revenue of USD 8.6 million in Q1 2026, reflecting strong user demand and operational efficiency.
- Despite strong revenue growth, Pony AI Inc (PONY) reported a net loss of USD 53.5 million for Q1 2026, compared to USD 37.4 million in the same quarter last year.
- The company's total operating expenses increased by 9.5% year-over-year, impacting profitability.
- Pony AI Inc (PONY) faces challenges in reducing bond costs, with a target to bring robotaxi bond costs below RMB 230,000 by mid-2027.
- The company experienced an increase in net cash used in operating activities, rising to USD 74.2 million in Q1 2026 from USD 54.2 million in Q1 2025.
- Pony AI Inc (PONY) is dealing with supply chain uncertainties, particularly in securing components like memory, which could impact future cost reductions.
Ladies and gentlemen, thank you for standing by, and welcome to Pony AI Inc., first-quarter 2026 earnings conference call. (Operator Instructions) As a reminder, today's conference call is being recorded, and a webcast replay will be available on the company's Investor Relations website at ir.pony.ai.
I would now turn the call over to your host, George Shao, Head of Capital Markets and Investor Relations at Pony AI. Please go ahead, George.
Thank you, operator. Hello, everyone. We appreciate you joining us today for Pony AI's first-quarter 2026 earnings call. Earlier today, we issued a press release with our financial and operating results, which is available on our Investor Relations website, and earnings presentation, which we will refer to during the conference call can also be accessed and downloaded on our Investor Relations website. Joining me on the call are Dr. James Peng, Chairman of the Board and CEO; Dr. Tiancheng Lou, CTO; and Dr. Leo Wang, CFO of the company.
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