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Side-by-side financial comparison of Envirotech Vehicles, Inc. (EVTV) and Pony AI Inc. (PONY). Click either name above to swap in a different company.

Envirotech Vehicles, Inc. is the larger business by last-quarter revenue ($2.5M vs $2.1M, roughly 1.2× Pony AI Inc.). Pony AI Inc. runs the higher net margin — -284.8% vs -545.9%, a 261.1% gap on every dollar of revenue.

Envirotech Vehicles, Inc. is a provider of zero-emission commercial electric vehicles, with product lines covering light-duty delivery vans, medium-duty work trucks, and purpose-built special electric vehicles. It mainly serves North American logistics, municipal services, and last-mile delivery segments, supporting custom vehicle configuration to match clients' specific operational requirements.

Pony Canyon Inc. , also known by the shorthand form Ponican , is a Japanese company, established on October 1, 1966, which distributes music, films, home video, and video games. It is affiliated with the Japanese media group Fujisankei Communications Group. Pony Canyon is a major leader in the music industry in Japan, with its artists regularly at the top of the Japanese charts. Pony Canyon is also responsible for releasing taped concerts from its artists as well as many anime productions and...

EVTV vs PONY — Head-to-Head

Bigger by revenue
EVTV
EVTV
1.2× larger
EVTV
$2.5M
$2.1M
PONY
Higher net margin
PONY
PONY
261.1% more per $
PONY
-284.8%
-545.9%
EVTV

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
EVTV
EVTV
PONY
PONY
Revenue
$2.5M
$2.1M
Net Profit
$-13.6M
$-5.9M
Gross Margin
-479.8%
9.2%
Operating Margin
-566.0%
-275.3%
Net Margin
-545.9%
-284.8%
Revenue YoY
908.5%
Net Profit YoY
-484.0%
EPS (diluted)
$-3.51

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EVTV
EVTV
PONY
PONY
Q4 25
$2.5M
Q3 25
$1.8M
$2.1M
Q2 25
$1.0M
$1.7M
Q1 25
$590.6K
$1.9M
Q4 24
$246.8K
Q3 24
$0
Q2 24
$812.8K
Q1 24
$810.5K
Net Profit
EVTV
EVTV
PONY
PONY
Q4 25
$-13.6M
Q3 25
$-6.4M
$-5.9M
Q2 25
$-5.1M
$-4.3M
Q1 25
$-14.0M
$-5.2M
Q4 24
Q3 24
$-1.2M
Q2 24
$-755.1K
Q1 24
$-4.5M
Gross Margin
EVTV
EVTV
PONY
PONY
Q4 25
-479.8%
Q3 25
4.5%
9.2%
Q2 25
-139.2%
Q1 25
20.2%
16.6%
Q4 24
44.9%
Q3 24
Q2 24
25.1%
Q1 24
38.0%
Operating Margin
EVTV
EVTV
PONY
PONY
Q4 25
-566.0%
Q3 25
-334.5%
-275.3%
Q2 25
-458.4%
-303.4%
Q1 25
-2325.2%
-400.9%
Q4 24
Q3 24
Q2 24
-163.0%
Q1 24
-364.8%
Net Margin
EVTV
EVTV
PONY
PONY
Q4 25
-545.9%
Q3 25
-350.8%
-284.8%
Q2 25
-491.6%
-253.7%
Q1 25
-2376.8%
-267.4%
Q4 24
Q3 24
Q2 24
-92.9%
Q1 24
-559.2%
EPS (diluted)
EVTV
EVTV
PONY
PONY
Q4 25
Q3 25
$-3.51
Q2 25
$-0.92
Q1 25
$-0.12
Q4 24
Q3 24
Q2 24
Q1 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EVTV
EVTV
PONY
PONY
Cash + ST InvestmentsLiquidity on hand
$359.0K
$62.5M
Total DebtLower is stronger
$485.8K
Stockholders' EquityBook value
$-8.9M
$114.1M
Total Assets
$4.7M
$126.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EVTV
EVTV
PONY
PONY
Q4 25
$359.0K
Q3 25
$77.6K
$62.5M
Q2 25
$942.2K
$84.9M
Q1 25
$211.3K
$86.8M
Q4 24
$1.9M
Q3 24
$682.7K
Q2 24
$437.1K
Q1 24
$1.0M
Total Debt
EVTV
EVTV
PONY
PONY
Q4 25
$485.8K
Q3 25
$2.9M
Q2 25
$4.9M
Q1 25
$4.6M
Q4 24
$3.4M
Q3 24
$918.1K
Q2 24
$1.3M
Q1 24
$1.1M
Stockholders' Equity
EVTV
EVTV
PONY
PONY
Q4 25
$-8.9M
Q3 25
$1.9M
$114.1M
Q2 25
$5.9M
$120.6M
Q1 25
$9.2M
$126.4M
Q4 24
$20.9M
Q3 24
$19.0M
Q2 24
$18.1M
Q1 24
$18.5M
Total Assets
EVTV
EVTV
PONY
PONY
Q4 25
$4.7M
Q3 25
$18.2M
$126.5M
Q2 25
$22.7M
$138.3M
Q1 25
$24.8M
$134.0M
Q4 24
$32.7M
Q3 24
$22.8M
Q2 24
$22.5M
Q1 24
$23.2M
Debt / Equity
EVTV
EVTV
PONY
PONY
Q4 25
Q3 25
1.54×
Q2 25
0.84×
Q1 25
0.50×
Q4 24
0.16×
Q3 24
0.05×
Q2 24
0.07×
Q1 24
0.06×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EVTV
EVTV
PONY
PONY
Operating Cash FlowLast quarter
$708.3K
$-2.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EVTV
EVTV
PONY
PONY
Q4 25
$708.3K
Q3 25
$-910.4K
$-2.9M
Q2 25
$-1.2M
$-2.5M
Q1 25
$-4.2M
$-7.5M
Q4 24
$-3.5M
Q3 24
$-1.1M
Q2 24
$-965.0K
Q1 24
$-735.6K
Free Cash Flow
EVTV
EVTV
PONY
PONY
Q4 25
Q3 25
Q2 25
Q1 25
$-4.4M
Q4 24
$-3.9M
Q3 24
$-1.2M
Q2 24
$-1.1M
Q1 24
FCF Margin
EVTV
EVTV
PONY
PONY
Q4 25
Q3 25
Q2 25
Q1 25
-744.1%
Q4 24
-1594.4%
Q3 24
Q2 24
-135.4%
Q1 24
Capex Intensity
EVTV
EVTV
PONY
PONY
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
29.9%
Q4 24
174.4%
Q3 24
Q2 24
16.6%
Q1 24
0.0%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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