Pony AI reported robotaxi services revenue of $12.1 million in the second quarter of 2026, a 691.2% increase from $1.5 million in the year-ago period, marking the first quarter in which the segment accounted for one-third of total company revenue4,6,10. Total revenue rose 68.8% year-over-year to $36.2 million1.
The robotaxi acceleration was driven by an 849.3% year-over-year surge in fare-charging revenue — the money collected from passengers paying for rides — reflecting the rollout of the company's seventh-generation fleet. Robotaxi revenue also grew roughly 41% sequentially, from $8.6 million in Q1 2026.
The company's other segments grew more modestly. Robotruck services revenue rose 40% to $13.3 million, while intelligent-solutions revenue was roughly flat at $10.8 million versus $10.4 million a year earlier5.
Gross profit increased 83.4% to $6.4 million, with gross margin improving to 17.5% from 16.1%, partly due to higher-margin robotaxi joint-deployment revenue. Total operating expenses rose 11.4% to $72.1 million, a fraction of the robotaxi revenue growth rate. The GAAP operating loss widened 7.3% to $65.7 million. Net loss narrowed 14.9% year-over-year to $45.4 million, and the company reported a non-GAAP loss of $0.10 per share, beating the consensus estimate of a $0.15 loss15.
Pony AI ended June with approximately $1.39 billion in cash, cash equivalents, short-term investments, restricted cash, and long-term wealth-management instruments, down slightly from $1.44 billion at the end of March14. Capital expenditures rose to $32.2 million from $9.6 million a year earlier.
The Guangzhou-based company's fleet stood at 1,975 robotaxis as of June 30, powered by Gen-7 vehicles from BAIC, GAC, and Toyota. Management said the company is on track to reach more than 3,500 vehicles by year-end 2026.
Internationally, Pony AI disclosed a pipeline of more than 4,000 planned and potential robotaxi deployments outside China. More than 2,000 of those vehicles are earmarked for Europe under a contracted deployment with Uber covering five European cities, announced earlier in August. The company runs commercial services with Bolt and Stellantis in Luxembourg, launched public robotaxi service in Singapore through ComfortDelGro's Zig app, and operates a commercial service in Zagreb, Croatia. CEO James Peng said the vehicles are already contracted across Europe, Southeast Asia, and the MENA region.
Peng said in the earnings call that he is confident Pony AI will exceed its full-year robotaxi services revenue target. The company said full-year robotaxi revenue is on track to exceed 3.5 times the level recorded in 2025.
Registered users of PonyPilot in China surpassed 1.5 million. The company also highlighted PonyWorld 2.0, its proprietary world model, which it said is designed to cut the engineering cost of each new city launch by automatically identifying local driving behavior.
Macquarie maintained an "Outperform" rating on Pony AI following the results2. Competitor WeRide, also based in Guangzhou, reported an 82% revenue increase in the same period, though its losses widened.
ANALYSIS The divergence between robotaxi revenue growth of 691% and operating expense growth of 11.4% is the central signal in the quarter: Pony AI is beginning to convert fleet scale into revenue without proportional cost increases, though the company remains substantially loss-making at the operating level. The shift toward a joint-deployment model — in which partners finance and operate vehicles rather than Pony AI bearing the full capital burden — underpins both the overseas pipeline and the margin trajectory, effectively trading unit economics control for faster geographic coverage.