Pony Ai Inc. (PONY) intrinsic value & 10-year financials
Pony Ai Inc. (PONY) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 5 fiscal years revenue grew 9.6% a year to $90.0M, with an average return on invested capital of 26.1%.
- Graham intrinsic value
- —
- Revenue (FY2025)
- $90.0M
- Revenue growth (5-yr CAGR)
- 9.6%
- ROIC (10-yr avg)
- 26.1%
- Free cash flow (FY2025)
- -$208.8M
PONY 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $90.0M | -$134.0M | -$0.35 | -$208.8M | -289.8% | -14.8% |
| FY2024 | $75.0M | -$274.1M | -$2.40 | -$122.2M | -380.6% | 84.8% |
| FY2023 | $71.9M | -$124.8M | -$1.40 | -$120.5M | -199.2% | 14.6% |
| FY2022 | $68.4M | -$148.0M | -$1.73 | -$166.8M | -249.6% | 19.9% |
| FY2021 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Pony AI Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Pony AI Inc. has earned high returns on invested capital, averaging 26.1% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Pony AI Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Pony AI Inc. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-7.40 per share.