Pony AI Inc. reported its unaudited financial results for the first quarter ended March 31, 2025.

The company experienced a robust increase in total revenues, driven by a 200% year-over-year growth in Robotaxi services, with fare-charging revenues achieving an approximately 800% growth rate.

US-listed shares of Pony AI jumped 9.1% in premarket trading.

The company reported a net loss of $37.4 million (RMB271.4 million) in the first quarter of 2025, up from $20.8 million in the same period in 2024.

The non-GAAP net loss was $28.4 million (RMB206.1 million) in the first quarter of 2025, compared to $25.7 million in the first quarter of the previous year.

This increase in net loss is attributed to investments in mass production for the Gen 7 vehicles, one-time expenses associated with share awards vested upon IPO, and increased employee compensation and benefits.

Pony AI also revealed that the unveiling of its seventh-generation autonomous driving system ("Gen 7") has enabled the company to reduce bill-of-materials costs by 70% compared to its predecessor, enhancing production efficiency.

Additionally, the net cash used in investing activities amounted to $93.3 million (RMB677.1 million) in the first quarter of 2025, primarily due to investments in marketable debt securities and long-term investment.