Pony AI Inc. (PONY) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Medium Risk

Moderate dilution risk

Last updated: April 22, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares

Recent Dilution: 305.56% (2 years)

Historical Dilution Factor: significant recent dilution

Outstanding Shares

430M

Potential Supply

Additional shares possible

Splits

None

Past 2 years

Summary

PONY currently has 434M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 305.56% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding
Apr 22, 2026	20-F filing \| 433.5M shares outstanding	430M
Apr 25, 2025	20-F filing \| 350.3M shares outstanding	350M
Oct 17, 2024	F-1 filing: This F-1 filing describes the initial public offering of American Depositary Shares (ADSs) representing Class A ordinary shares, with the company applying to list the ADSs on the Nasdaq Global Select Market under the symbol 'PONY'.	92M

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