Pony AI Inc.
In the published model solve dated 2026-Q2, anchored at $7.81, Pony AI Inc. (PONY) is priced for today's economics sustained for ~40.0 years+. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
- No valuation family reaches the $8.30 price. At roughly 22 times trailing revenue the stock is rich on assets, earnings power, peers, and even forward growth. The price is a bet beyond what any standard frame supports. - The growth is real and fast. Q1 2026 revenue rose about 145% to $34.3 million, with fare-charging robotaxi revenue up more than 450%, and the fleet topped 1,700 vehicles on a path to 3,500 by year-end across 20-plus cities. - The company is deeply unprofitable and burning cash
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140 institutional managers reported holding PONY in 13F filings for the quarter ended 2026-03-31. Together they hold about 29% of the company; the top 10 hold 18%. 36 opened new positions that quarter. Held by FMR (Fidelity), Vanguard Group, Baillie Gifford, among others. On the short side, 30.1M shares were sold short as of the 2026-06-15 count, about 8% of shares outstanding (6.2 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
No open-market insider buys on file at PONY over the trailing three years. Absence is a fact about the company, not a signal. 9 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.