Pony.ai's Q1 Robotaxi Revenue Grows by 395.4%, Raises Full-Year Revenue and Fleet Size Targets

Pony.ai announced its unaudited financial results for the first quarter of 2026 on Tuesday, with total revenue for the quarter reaching $34.25 million, a year-on-year increase of 145.0%. Among this, the revenue from Robotaxi services was $8.57 million, a year-on-year increase of 395.4%, and the revenue from fees increased by 456.5% year-on-year. Chairman and CEO Peng Jun stated that the company continued to advance in both domestic and overseas markets in the first quarter, with Robotaxi revenue from fees more than five times the year before.

The company has raised its target for 2026, expecting full-year Robotaxi revenue to reach more than 3.5 times that of 2025, higher than the previous target of 3 times. The year-end goal for the size of the Robotaxi fleet has also been increased from 3,000 to over 3,500 vehicles. As of May 24th, the company has produced 1,776 Robotaxi vehicles.

On the profit side, the company is still in the investment phase. The gross profit for the first quarter was $5.6 million, with a gross margin of 16.2%, compared to 16.6% in the same period last year; the operating loss was $58.3 million, compared to $56 million in the same period last year; the net loss was $53.5 million, compared to $37.4 million in the same period last year.

The company plans to advance mass production of the fourth-generation Robotruck in the second half of 2026 and has indicated that early mass production vehicles will come off the line. The earnings call is scheduled for 8 AM Eastern Time on May 26th, which is 8 PM in Beijing and Hong Kong time.

Following the release of the financial report, Pony.ai's U.S. stocks rose by more than 7% in pre-market trading.