小马智行2025年Robotaxi营收增129%

PonyAI Revenue Jumps 129% in 2025

【环球网财经综合报道】3月26日，小马智行发布2025年第四季度及全年财报。2025年公司总营收达6.29亿元，同比增长20%，连续四年保持增长；Robotaxi业务全年收入1.16亿元，同比增长129%。第四季度Robotaxi业务收入4660万元，同比增长160%，乘客车费收入同比增长超500%。截至2025年底，现金等价物、长短期理财及投资总额达105.93亿元。

[Global Network Financial Report] On March 26, PonyAI released its fourth quarter and annual report for 2025. In 2025, the company's total revenue reached CNY 0.629 billion, a year-on-year increase of 20%, maintaining growth for four consecutive years; the annual revenue of the Robotaxi business was CNY 0.116 billion, a year-on-year increase of 129%. In the fourth quarter, Robotaxi revenue reached CNY 46.6 million, a year-on-year increase of 160%. Passenger fare revenue surged by more than 500% year on year. As of the end of 2025, the total amount of cash equivalents, short-term and long-term wealth management products, and investments reached CNY 10.593 billion.

2025年11月，小马智行第七代Robotaxi开始规模投放市场，目前已在广州和深圳实现单车运营盈利转正，成功验证商业模式。2026年，小马智行启动双擎战略，加深国内布局，加速国际扩展，将Robotaxi核心成功经验快速复制到海内外超20个城市中。截至2026年3月，小马智行Robotaxi车队规模超1400辆，预计年底前车队规模超3000辆。（旺旺）

In November 2025, the seventh generation Robotaxi of PonyAI began to launch on a large scale. At present, it has achieved positive operating profit per vehicle in Guangzhou and Shenzhen, successfully validating the business model. In 2026, PonyAI unveiled its Dual-Engine Strategy to deepen its domestic footprint, accelerate global expansion, and rapidly replicate its core Robotaxi success across more than 20 cities worldwide. As of March 2026, PonyAI's Robotaxi fleet has exceeded 1,400, and is expected to grow to over 3,000 by the end of the year. (Wangwang)