Pony AI (PONY) issues positive profit alert on smaller 2025 loss

Rhea-AI Filing Summary

Pony AI Inc. issued a positive profit alert indicating a much smaller loss for the year ended December 31, 2025. Based on preliminary unaudited figures, the Group expects a net loss between USD69.0 million and USD86.0 million, compared with a net loss of USD275.0 million in 2024. Net loss attributable to Pony AI Inc. is expected between USD126.0 million and USD143.0 million, versus USD274.1 million a year earlier.

The improvement mainly comes from a higher gain on fair value changes in investments in publicly traded companies. Management notes that future performance may change as these stock prices move. The figures are based on unaudited management accounts and may be adjusted. Final audited annual results are expected to be published by the end of March 2026, and shareholders are advised to exercise caution when dealing in the company’s shares.

Positive

• Substantial reduction in reported loss: Expected 2025 net loss of USD69.0–86.0 million versus USD275.0 million in 2024, and net loss attributable to Pony AI Inc. of USD126.0–143.0 million versus USD274.1 million, driven mainly by higher fair value gains on investments.

Negative

• None.

Insights

Equity analyst

Pony AI signals a sharply reduced 2025 loss driven by investment fair value gains.

Pony AI Inc. expects its 2025 net loss to narrow to between USD69.0 million and USD86.0 million, from USD275.0 million in 2024. Net loss attributable to the company is projected between USD126.0 million and USD143.0 million, versus USD274.1 million previously.

The company attributes the improvement mainly to increased gains from fair value changes in investments in publicly traded companies. This means a significant part of the better headline result is tied to market movements in securities the Group holds, rather than underlying operating performance.

The announcement stresses that these figures are based on unaudited management accounts and remain subject to adjustment. It also notes that future financial performance may change with fluctuations in the prices of the publicly traded stocks held, highlighting ongoing exposure to market volatility. Detailed results are expected in the annual announcement by the end of March 2026.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of February 2026

Commission file number: 001-42409

Pony AI Inc.

(Exact Name of Registrant as Specified in Its Charter)

1301 Pearl Development Building

1 Mingzhu 1st Street, Hengli Town, Nansha District

Guangzhou, People’s Republic of China, 511458

(Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F x             Form 40-F ¨

EXHIBIT INDEX

Exhibit No.		Description
99.1		Announcement - Positive Profit Alert

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Pony AI Inc.
Date: February 4, 2026	By:	/s/ Jun Peng
		Name: Dr. Jun Peng
		Title:   Chairman of the Board, Chief Executive Officer

Exhibit 99.1

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Pony AI Inc.

小 馬 智 行 *

(A company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liability)

(Stock code: 2026)

POSITIVE PROFIT ALERT

REDUCTION IN LOSS

This announcement is made by Pony AI Inc. (the “Company”, and together with its subsidiaries, the “Group”) pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”) and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The board of directors of the Company (the “Board”) wishes to inform the shareholders of the Company (the “Shareholders”) and potential investors that, based on a preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended December 31, 2025 (the “Reporting Period”) and information currently available, the Group is expected to record (i) a net loss ranging from approximately USD69.0 million to USD86.0 million during the Reporting Period, compared with a net loss of USD275.0 million for the year ended December 31, 2024, and (ii) a net loss attributable to Pony AI Inc. ranging from approximately USD126.0 million to USD143.0 million during the Reporting Period, compared with a net loss attributable to Pony AI Inc. of USD274.1 million for the year ended December 31, 2024. The decreases in net loss and net loss attributable to Pony AI Inc. were mainly attributable to the increase in the gain on fair value change in investments in publicly traded companies during the Reporting Period. The future financial performance of the Group may be subject to change due to, among others, the fluctuation of the price of publicly traded stocks held by the Group. The Company would define non-GAAP financial measures by excluding the impact of the change in fair value of investments in publicly traded companies for the Reporting Period.

The Board would like to remind the Shareholders that the Company is in the process of finalising the annual results announcement of the Group for the year ended December 31, 2025. The information contained in this announcement is only based on the preliminary review of the unaudited consolidated management accounts of the Group and information currently available to the Board, which has not been reviewed or audited by the Company’s auditors, nor reviewed by the audit committee of the Board, and is subject to adjustments upon further review. The actual results of the Group for the year ended December 31, 2025 may be different from the information contained in this announcement. Details of the Group’s financial results and performance will be further disclosed in the annual results announcement for the year ended December 31, 2025, which is expected to be published by the end of March 2026.

*       For identification purpose only

1

Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.

By order of the Board

Pony AI Inc.

Dr. Jun Peng

Chairman of the Board and Chief Executive Officer

Hong Kong, February 4, 2026

As of the date of this announcement, the Board comprises: (i) Dr. Jun Peng and Dr. Tiancheng Lou as executive directors; (ii) Mr. Fei Zhang and Mr. Takeo Hamada as non-executive directors; and (iii) Mr. Jackson Peter Tai, Dr. Mark Qiu and Ms. Asmau Ahmed as independent non-executive directors.

2

FAQ

What does Pony AI Inc. (PONY) announce in its positive profit alert?

Pony AI announces it expects a much smaller loss for 2025. Based on preliminary unaudited figures, both total net loss and net loss attributable to Pony AI Inc. should narrow significantly compared with 2024, mainly due to higher fair value gains on investments in publicly traded companies.

How much loss does Pony AI Inc. (PONY) expect for 2025?

The Group expects a 2025 net loss between USD69.0 million and USD86.0 million. This compares with a net loss of USD275.0 million for 2024, indicating a large year-on-year reduction in reported losses based on preliminary unaudited management accounts.

What is the expected 2025 net loss attributable to Pony AI Inc. (PONY)?

Net loss attributable to Pony AI Inc. for 2025 is expected between USD126.0 million and USD143.0 million. This compares with USD274.1 million in 2024, reflecting a substantial narrowing of losses for shareholders based on current unaudited management information.

What drives Pony AI Inc.’s (PONY) reduction in net loss for 2025?

The reduction in net loss mainly comes from increased gains on fair value changes in investments in publicly traded companies. These gains improved reported results, but they depend on market prices, so future performance may vary as those stock prices fluctuate.

Are Pony AI Inc.’s (PONY) 2025 figures audited or final?

No, the 2025 figures are based on a preliminary review of unaudited consolidated management accounts. They have not been audited by external auditors or reviewed by the audit committee and may change when final annual results are released by the end of March 2026.

When will Pony AI Inc. (PONY) publish its full 2025 annual results?

The company expects to publish its full annual results announcement for the year ended December 31, 2025 by the end of March 2026. That announcement will provide detailed audited financial statements and additional commentary on the Group’s performance.

What caution does Pony AI Inc. (PONY) give to shareholders and investors?

The company advises shareholders and potential investors to exercise caution when dealing in its shares. The preliminary figures are unaudited and subject to adjustment, and future performance can change as the prices of publicly traded stocks held by the Group fluctuate.