Filing Flows › Pony Group (PNYG) › Q4 2025
Pony Group (PNYG) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 27, 2026
Pony Group (PNYG) reported revenue of $37K for the fourth quarter 2025 (Q4 2025), -18% from a year earlier and +27% from the quarter before. Operating margin was -352.1%, net loss $131K (352.5% of revenue).
Pony Group, Q4 2025: revenue $37K (-18% year over year), operating margin -352.1%, net loss $131K, operating cash flow −$19K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $37K | +27% | -18% |
| Operating profit | −$131K | — | — |
| Net earnings | −$131K | — | — |
| Operating cash flow | −$19K | — | — |
What changed
Revenue was $37K in Q4 2025, down 18% year over year and up 27% from the previous quarter.
Gross margin was 27.0%, down 13.5 points from Q4 2024. Operating costs exceeded revenue by $131K, an operating margin of -352.1%. Operating expenses grew 80% against a revenue fall of 18%. The quarter ended with a net loss of $131K, wider than the previous quarter's $27K loss.
Operating cash flow was −$19K. Working capital and other items added $112K.
Questions
What was Pony Group's revenue in the fourth quarter 2025?
Pony Group (PNYG) reported revenue of $37K for the fourth quarter 2025 (Q4 2025), -18% from a year earlier and +27% from the quarter before.
Was Pony Group profitable in the fourth quarter 2025?
Operating loss was $131K (-352.1% of revenue) and net loss $131K.
Source: Pony Group 10-K on SEC EDGAR.