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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 293,489 $ 535,976
Restricted cash, current 1,936 21
Short-term investments (including short-term investments measured at fair value of $209,035 and $872,158 as of December 31, 2024 and 2025, respectively) 872,158 209,035
Accounts receivable, net 23,644 28,555
Amounts due from related parties, current $ 11,338 $ 8,322
Other Receivable, after Allowance for Credit Loss, Current, Related Party [Extensible Enumeration] Related Party [Member] Related Party [Member]
Prepaid expenses and other current assets $ 48,074 $ 52,713
Total current assets 1,250,639 834,622
Non-current assets:    
Restricted cash, non-current 288 175
Property, equipment and software, net 60,467 17,241
Operating lease right-of-use assets 14,811 13,342
Long-term investments (including long-term investments measured at fair value of $93,449 and $129,876 as of December 31, 2024 and 2025, respectively) 454,942 130,799
Prepayment for long-term investments 25,000 52,823
Other non-current assets 6,690 1,819
Total non-current assets 562,198 216,199
Total assets 1,812,837 1,050,821
Current liabilities:    
Accounts payable and other current liabilities 85,261 66,548
Operating lease liabilities, current 4,792 3,438
Amounts due to related parties, current $ 1,422 $ 900
Other Liability, Current, Related Party [Extensible Enumeration] Related Party [Member] Related Party [Member]
Total current liabilities $ 91,475 $ 70,886
Operating lease liabilities, non-current 10,375 9,835
Other non-current liabilities 1,988 1,389
Total liabilities 103,838 82,110
Pony AI Inc. shareholders' equity:    
Additional paid-in capital 3,078,559 2,228,444
Special reserve 355 220
Accumulated deficit (1,421,955) (1,287,851)
Accumulated other comprehensive income (loss) (4,899) 10,134
Total Pony AI Inc. shareholders' equity 1,652,277 951,122
Non-controlling interests 56,722 17,589
Total shareholders' equity 1,708,999 968,711
Total liabilities and shareholders' equity 1,812,837 1,050,821
Commitments and contingencies (See note 10)
Class A ordinary shares    
Pony AI Inc. shareholders' equity:    
Ordinary shares 182 140
Class B ordinary shares    
Pony AI Inc. shareholders' equity:    
Ordinary shares $ 35 $ 35