Pony AI (PONY) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Tue, May 26, 2026 astatine 9:46 AM CDT 33 min read

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Date

Tuesday, May 26, 2026 astatine 8 a.m. ET

Call participants

• Chief Executive Officer — Jun Peng

• Chief Technology Officer — Tiancheng Lou

• Chief Financial Officer — Haojun Wang

• Investor Relations Host — George Shao

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Full Conference Call Transcript

Jun Peng: Thank you, George. Hello, everyone. Thank you for joining our net call. We kicked disconnected 2026 with an astonishing archetypal quarter. This beardown commencement defines our maturation momentum for the full year. Let maine commencement with the highlights. I'm arrogant to study that successful Q1 2026, our full gross grew by [ 145% ] year-over-year, and we besides achieved grounds precocious quarterly robotaxi revenue. Specifically, our robotaxi revenues grew astir 400%, powered by much than 50% surge successful just charging revenues. Our operational momentum is accelerating crossed the board. We person scaled our robotaxi fleet to transcend 1,700 vehicles and amplified this enlargement to a monolithic surge successful idiosyncratic adoption.

Now our registered users grew much than 200% year-over-year successful China. In fact, our play mean paid orders truthful acold successful May grew much than 100% compared to the opening of the year. Lastly, we proceed to grow our operating country presently broadening our work footprint into an [indiscernible]. Globally, we person been advancing our operations successful the superior of Croatia, totalizing Europe archetypal commercialized robotaxi service. Looking astatine our wide Q1 results. I'm thrilled that our strategical and execution mode translated straight into our exponential maturation successful robotaxi and fare charging revenues by scaling our fleet, idiosyncratic basal and wage the bid volume. We person achieved accordant month-over-month maturation this year.

This is simply a singular accomplishment arsenic outpouring typically is simply a debased play for thrust hailing. Our dual-engine strategy that is focusing connected some China and the planetary marketplace and the associated deployment exemplary started unlocking caller and diversified gross streams. China marketplace remains our superior maturation engine, wherever we person secured a ascendant lead. We are steadily ramping up our home suite portion simultaneously broadening our operational footprint. We expanded our operations successful Guangzhou from [indiscernible] districts into [indiscernible] district, which is the bosom of Guangzhou that covers high-demand areas similar Canton Tower, the portion CBD and the Canton complex.

In Shenzhen, we person been continuously expanding the size and the density of our fleet successful [indiscernible] District, the city's 2 concern areas. For cardinal proscription hub, we are present providing broad airdrome transportation services crossed Beijing, Shenzhen and Guangzhou. Our planetary enlargement is besides gaining traction. We person present established a beingness successful 9 countries and started the services to the nationalist successful 4 overseas markets including Croatia, Qatar, Singapore and South Korea. In the superior of Croatia Zagreb, we realized the archetypal robotaxi commercialization successful Europe. In the Middle East, our footprint successful Dubai and Qatar continues to expand, presently initiating driverless deployment successful Dubai.