Pony AI Inc. announced its unaudited financial results for the fourth quarter and full year ended December 31, 2024, on March 25, 2025. The company reported revenue of $35.5 million in the fourth quarter of 2024, representing a decrease of 29.8% from $50.6 million in the fourth quarter of 2023.
The decrease in revenue was primarily influenced by the timing of project-based revenue recognition. Robotaxi services revenue specifically saw a decline of 61.9% to $2.6 million in Q4 2024, down from $6.7 million in the prior year, mainly driven by reduced service fees from autonomous vehicle engineering solutions based on collaboration projects' progression schedules. Conversely, Robotruck services revenue surged 72.7% year-over-year to $12.9 million.
Despite the quarterly decline, Pony AI achieved record high revenue for the full year 2024, marking three consecutive years of growth. The company's CTO noted that the robotaxi safety record improved by 16 times, leading to commercial insurance costs being reduced to approximately half that of human-driven taxis, indicating progress in safety and operational efficiency.
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