Pony.ai, a US- and Hong Kong-listed autonomous driving company, released its unaudited financial results for the first quarter of 2026 on May 26.
The report showed that Pony.ai recorded total revenue of RMB 236 million (USD 34.7 million) in the first quarter. Revenue rose 145% year-on-year (YoY) and 17.6% quarter-on-quarter. Gross profit reached RMB 38.36 million (USD 5.6 million), up 140.1% YoY, mainly driven by the expansion of its robotaxi business and the scaling of its intelligent solutions business, formerly known as the licensing and applications business.
First-quarter revenue from the robotaxi business reached RMB 59.12 million (USD 8.7 million), up 395.4% YoY and 28.7% quarter-on-quarter. That single-quarter figure exceeded half of the RMB 116 million (USD 17.1 million) in robotaxi revenue recorded for all of 2025. Passenger fare revenue rose 456.5% YoY, becoming the company’s main growth driver. As of May 2026, the registered user base for robotaxi in China was more than three times the level recorded in the same period in 2025.
Based on its first-quarter performance, Pony.ai raised its 2026 target for the robotaxi business. It now expects full-year robotaxi revenue to reach more than 3.5 times the 2025 level, up from its previous target of three times. It also raised its fleet size target from 3,000 vehicles to more than 3,500, with coverage across more than 20 cities in China and overseas.
