Pony AI Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating Activities | ||||
| Net Income | $-134.0M | $-274.1M | $-124.8M | $-148.0M |
| Depreciation & Amortization | $7.1M | $9.8M | $15.5M | $17.6M |
| Depreciation | $6.2M | $8.4M | $14.3M | $16.8M |
| Amortization | — | — | — | — |
| Stock-Based Compensation | $30.8M | $127.0M | $3.3M | $13.2M |
| Net Cash from Operating Activities | $-165.0M | $-110.8M | $-115.4M | $-154.8M |
| Investing Activities | ||||
| Capital Expenditures | $43.9M | $11.4M | $5.1M | $12.0M |
| Business Acquisitions | — | — | — | — |
| Net Cash from Investing Activities | $-889.2M | $-181.3M | $136.5M | $49.3M |
| Financing Activities | ||||
| Dividends Paid | — | — | — | — |
| Stock Repurchases | — | — | $994.0K | — |
| Net Cash from Financing Activities | $814.8M | $407.4M | $89.8M | $191.6M |
| Net Change in Cash | $-240.5M | $110.0M | $107.7M | $75.5M |
| Free Cash Flow | $-208.8M | $-122.2M | $-120.5M | $-166.8M |