PONYPony AI Inc.

$7.29

Is it safe?

Can PONY take a bad year?

Pony AI Inc. holds $1.15B more cash than debt, and is burning $52M a quarter, about 5.6 years of cover.

$1.15B

Net cash

Net debt / EBITDA
net cash

Net debt / EBITDA · no net borrowings to measure against earnings

Cash runway
5+ years

Cash runway · burning $52M a quarter at the current rate

Annualised volatility
115%

Annualised volatility · three times the market's own swing

Details
Total debtFY2025
$13M
Cash and short-term investments
$1.17B
Net cash
$1.15B
EBITDA, trailing twelve months
−$254M
Operating profit, trailing twelve months
−$261M
Debt / equity
0.01×
Annualised volatilitytwo years of daily moves
115%
Worst drawdown on file
−82%
Below its 52-week high
−70%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.