Pony.ai Reports Q4 Profit of RMB 528 Million, Marking Milestone for Robotaxi Industry

[Financial Highlights] Pony.ai reported a Q4 2025 profit of USD 75.5 million (approximately RMB 528 million), becoming the first robotaxi company to achieve quarterly profitability.

Core Developments: Robotaxis Surpass Per-Vehicle Profitability Threshold

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  Pony.ai achieved city-wide positive per-vehicle profitability in Guangzhou and Shenzhen, generating RMB 115 million in robotaxi revenue in 2025, a 128.6% year-over-year increase.

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  WeRide recorded RMB 148 million in robotaxi revenue during the same period, surging 209.6% year-over-year, and reached unit economic breakeven in Abu Dhabi.

Key Metrics: Losses Narrow Significantly, Gross Margin Steadily Improves

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  Pony.ai’s total 2025 revenue reached RMB 620 million (USD 90 million), with a full-year loss of RMB 530 million, narrowing by 72.1% year-over-year.

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  Gross margin slightly increased from 15.2% in 2024 to 15.7%, reflecting continued operational efficiency gains.

Industry Impact: Commercial Viability of L4 Autonomous Driving Validated

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  After a decade of heavy investment, robotaxis have demonstrated their ability to generate self-sustaining revenue for the first time, offering the industry a replicable profitability model.