PONY (Pony AI) Scaled Net Operating Assets: 0.34 (As of Mar. 2026)


PONY Pony AI Inc PONY
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Price $6.88
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What is Pony AI Scaled Net Operating Assets?

Pony AI PONY -0.72% 13 Scaled Net Operating Assets is 0.34 as of Mar. 2026. GuruFocus rates PONY with a GF Score™ of 13/100. The stock has 2 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Pony AI's operating assets for the quarter that ended in Mar. 2026 was $687.8 Mil. Pony AI's operating liabilities for the quarter that ended in Mar. 2026 was $69.3 Mil. Pony AI's Total Assets for the quarter that ended in Dec. 2025 was $1,812.8 Mil. Therefore, Pony AI's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.34.

Pony AI Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Pony AI's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Pony AI Scaled Net Operating Assets Chart

Pony AI Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
0.37 0.22 0.15 0.32 0.55

Pony AI Quarterly Data
Dec21 Dec22 Jun23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.29 0.28 0.39 0.64 0.34

PONY vs EXLS, SAIC, EPAM: Scaled Net Operating Assets Comparison

For the Information Technology Services subindustry, Pony AI's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Pony AI Scaled Net Operating Assets vs Software Industry

For the Software industry and Technology sector, Pony AI's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Pony AI's Scaled Net Operating Assets falls into.


PONY
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Pony AI Inc PONY
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Pony AI Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Pony AI's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(647.19-74.96)/1050.821
=0.54

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1812.837 - 1165.647
=647.19

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=103.838 - 10.375 - 18.503
=74.96

Pony AI's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(687.75-69.331)/1812.837
=0.34

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1755.172 - 1067.422
=687.75

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=85.694 - 11.322 - 5.041
=69.331

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.34 mean?
Pony AI (PONY) has a Scaled Net Operating Assets of 0.34 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Pony AI and its competitors.
Is Pony AI's Scaled Net Operating Assets too high?
Pony AI's current Scaled Net Operating Assets is 0.34. Overall, Pony AI has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Pony AI's Scaled Net Operating Assets compare to EXLS and SAIC?
Pony AI's Scaled Net Operating Assets of 0.34 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Software company?
A good Scaled Net Operating Assets depends on the Software industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Pony AI and its competitors. Pony AI's current Scaled Net Operating Assets is 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pony AI stock overvalued right now?
Pony AI (PONY) has a current Scaled Net Operating Assets of 0.34. The current Scaled Net Operating Assets is 0.34. Pony AI's overall GF Score™ is 13/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Pony AI (PONY), the current Scaled Net Operating Assets is 0.34 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Pony AI Business Description

Address 1 Mingzhu 1st Street, 1301 Pearl Development Building, Nansha District, Hengli Town, Guangzhou, CHN, 511458
Pony AI Inc is an artificial intelligence technology company that is principally engaged in the operation and development of autonomous vehicles. It operates fully driverless robotaxis through the PonyPilot mobile app in Beijing, Shanghai, Guangzhou, and Shenzhen. The company operates a fleet of robotaxis. The Group conducts its operations mainly in the People's Republic of China (PRC) and the United States of America (U.S.) through subsidiaries. Key revenue is generated from the Peoples Republic of China.
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