A company still losing money with growing sales, with elevated risk. Institutions are adding.
Going well
Sales up 20% last year
No debt reported
Watch out for
About 21 months of cash left at its current burn
Share count growing 64.5% a year (dilution)
Losing money, losses are large next to sales
Money moves
Insiders sold $296K in the last 30 days
Institutions added 22% to their holdings in the quarter ending June 2026 (96 bought, 61 sold)
Held by George Soros (Soros Fund), Chase Coleman (Tiger Global), Cathie Wood (ARK Invest)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$5.05-1.6% that day
Company value
$2.2B
Share price times all shares
Price vs sales
24.3x
No profit over the last year, so this compares value with sales instead
Cash vs value
13%
Cash as a share of company value
From PONY's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
What the price assumes
Your guesses, our math
Move the sliders to your own view of PONY. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).
Sales in 5 years$115M
Profit in 5 years$11M
Price these guesses point to$0.25-95% vs $5.05 todayAbout -45% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 92% a year for 5 years just to match today's price.
Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.
The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-10.3%
PassDebt under half of equityNot relying on borrowed money.No debt reported
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-148.9%
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$165.0M
MissShare count not growingNot diluting owners. Falling means buybacks.+345.3% in 3 years
MissGross margin 40%+Pricing power: sells for well above what it costs to make.15.7%
Revenue
$90.0M
+20.0% vs prior year
Total debt
None
0.00x equity
Current ratio
13.67x
short-term assets / bills due
Free cash flow
-$165.0M
-183.3% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: profitable every year. A checklist is a starting point for research, not a verdict.
Insider rating
Last 90 days
29Selling
3 insiders sold $296K (not pre-planned)
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend
13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
0/ 100
This week
0
Normal week
1.5
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+22.4%
Institutions added 22.4% to their holdings. 96 bought, 61 sold. 2 quarters of net buying in a row.
Shares held by institutions136.5M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+64.5%
Cash runwayAt last year's cash burn
21 months
Debt to equityLatest balance sheet: debt compared with what owners have
No debt reported
Shares outstandingLatest reported
434M
Why moderate risk
Losing money, losses are large next to sales
About 21 months of cash left at its current burn
Earnings reports
Last 0
Next reportNot enough history
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.