Pony AI Inc. - Sponsored ADR
PONY Technology Information Technology Services
Pony AI Inc. - Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $90.0 million, up 20.0% from fiscal 2024. In the quarter to June 2026, revenue grew 68.8%, EPS was flat and free cash flow fell 73.2%, each against the same quarter a year earlier. Revenue growth for three consecutive years.
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Pony AI Inc. - Sponsored ADR (PONY) Piotroski F-score
Pony AI Inc. - Sponsored ADR's Piotroski F-score for fiscal 2025 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed, up from 2 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 4 | 2.00 |
| FY2024 | 2 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (9.36%) | (30.49%) | Fail | 0 |
| Positive operating cash flow | (164.95m) | (110.76m) | Fail | 0 |
| Rising return on assets | (9.36%) | (30.49%) | Pass | 1 |
| Cash flow above net income | (30.99m) | 163.36m | Fail | 0 |
| Falling long-term leverage | 0.00 | 0.00 | Pass | 1 |
| Rising current ratio | 13.67 | 11.77 | Pass | 1 |
| No new shares issued | 379,914,000 | 114,319,000 | Fail | 0 |
| Rising gross margin | 15.73% | 15.20% | Pass | 1 |
| Rising asset turnover | 0.06 | 0.08 | Fail | 0 |
| Piotroski F-score | Mixed | 4 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| INOD Innodata Inc compare | 6 |
| DXC DXC Technology Company. compare | 6 |
| FORTY Formula Systems (1985) Ltd. compare | 6 |
| PONY Pony AI Inc. - Sponsored ADR | 4 |
| CNXC Concentrix Corporation compare | 4 |
| EFOR Everforth Inc. compare | 4 |
| GLOB Globant S.A. compare | 3 |
| KEEL Keel Infrastructure Corp compare | 2 |
| CHRN ChronoScale Holdings Corporation compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover