Pony AI Inc. files 20-F

Pony AI Inc. reported a net loss of US$76.8 million for the fiscal year ended December 31, 2025, a significant reduction from the US$275.0 million net loss in 2024, primarily driven by a substantial increase in the fair value of trading securities. The company also successfully completed its dual primary listing on the Hong Kong Stock Exchange in November 2025, raising approximately US$829.4 million in net proceeds.