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

KOSS CORP is the larger business by last-quarter revenue ($2.9M vs $2.1M, roughly 1.4× Pony AI Inc.). KOSS CORP runs the higher net margin — -19.8% vs -284.8%, a 265.0% gap on every dollar of revenue.

Koss Corporation is a company in Milwaukee, Wisconsin, US that manufactures headphones. The company created the first high-fidelity stereo headphones in 1958.

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...

KOSS vs PONY — Head-to-Head

Bigger by revenue
KOSS
KOSS
1.4× larger
KOSS
$2.9M
$2.1M
PONY
Higher net margin
KOSS
KOSS
265.0% more per $
KOSS
-19.8%
-284.8%
PONY

Income Statement — Q2 FY2026 vs Q3 FY2025

Metric
KOSS
KOSS
PONY
PONY
Revenue
$2.9M
$2.1M
Net Profit
$-565.4K
$-5.9M
Gross Margin
29.0%
9.2%
Operating Margin
-35.5%
-275.3%
Net Margin
-19.8%
-284.8%
Revenue YoY
-19.6%
Net Profit YoY
-700.6%
EPS (diluted)
$-0.06
$-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
KOSS
KOSS
PONY
PONY
Q4 25
$2.9M
Q3 25
$4.1M
$2.1M
Q2 25
$3.1M
$1.7M
Q1 25
$2.8M
$1.9M
Q4 24
$3.6M
Q3 24
$3.2M
Q2 24
$2.9M
Q1 24
$2.6M
Net Profit
KOSS
KOSS
PONY
PONY
Q4 25
$-565.4K
Q3 25
$243.7K
$-5.9M
Q2 25
$-232.7K
$-4.3M
Q1 25
$-316.7K
$-5.2M
Q4 24
$94.1K
Q3 24
$-419.5K
Q2 24
$-110.4K
Q1 24
$-313.8K
Gross Margin
KOSS
KOSS
PONY
PONY
Q4 25
29.0%
Q3 25
40.0%
9.2%
Q2 25
36.0%
Q1 25
39.0%
16.6%
Q4 24
39.5%
Q3 24
36.6%
Q2 24
40.4%
Q1 24
31.9%
Operating Margin
KOSS
KOSS
PONY
PONY
Q4 25
-35.5%
Q3 25
-1.1%
-275.3%
Q2 25
-14.2%
-303.4%
Q1 25
-18.7%
-400.9%
Q4 24
-4.0%
Q3 24
-19.9%
Q2 24
-11.0%
Q1 24
-23.1%
Net Margin
KOSS
KOSS
PONY
PONY
Q4 25
-19.8%
Q3 25
6.0%
-284.8%
Q2 25
-7.5%
-253.7%
Q1 25
-11.4%
-267.4%
Q4 24
2.6%
Q3 24
-13.1%
Q2 24
-3.8%
Q1 24
-11.9%
EPS (diluted)
KOSS
KOSS
PONY
PONY
Q4 25
$-0.06
Q3 25
$0.03
$-3.51
Q2 25
$-0.02
$-0.92
Q1 25
$-0.03
$-0.12
Q4 24
$0.01
Q3 24
$-0.05
Q2 24
$-0.01
Q1 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
KOSS
KOSS
PONY
PONY
Cash + ST InvestmentsLiquidity on hand
$15.5M
$62.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$30.3M
$114.1M
Total Assets
$36.8M
$126.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KOSS
KOSS
PONY
PONY
Q4 25
$15.5M
Q3 25
$16.5M
$62.5M
Q2 25
$15.7M
$84.9M
Q1 25
$13.0M
$86.8M
Q4 24
$9.7M
Q3 24
$11.9M
Q2 24
$14.9M
Q1 24
$9.9M
Stockholders' Equity
KOSS
KOSS
PONY
PONY
Q4 25
$30.3M
Q3 25
$30.9M
$114.1M
Q2 25
$30.6M
$120.6M
Q1 25
$30.7M
$126.4M
Q4 24
$31.0M
Q3 24
$30.8M
Q2 24
$31.1M
Q1 24
$31.1M
Total Assets
KOSS
KOSS
PONY
PONY
Q4 25
$36.8M
Q3 25
$37.7M
$126.5M
Q2 25
$37.2M
$138.3M
Q1 25
$37.3M
$134.0M
Q4 24
$37.4M
Q3 24
$38.1M
Q2 24
$37.2M
Q1 24
$37.6M

Cash Flow & Capital Efficiency

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

Metric
KOSS
KOSS
PONY
PONY
Operating Cash FlowLast quarter
$-760.8K
$-2.9M
Free Cash FlowOCF − Capex
$-1.1M
FCF MarginFCF / Revenue
-37.5%
Capex IntensityCapex / Revenue
10.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-546.7K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KOSS
KOSS
PONY
PONY
Q4 25
$-760.8K
Q3 25
$762.6K
$-2.9M
Q2 25
$-534.9K
$-2.5M
Q1 25
$370.4K
$-7.5M
Q4 24
$-252.0K
Q3 24
$201.6K
Q2 24
$-174.0K
Q1 24
$328.6K
Free Cash Flow
KOSS
KOSS
PONY
PONY
Q4 25
$-1.1M
Q3 25
$761.5K
Q2 25
$-541.8K
Q1 25
$306.2K
Q4 24
$-314.3K
Q3 24
$-155.6K
Q2 24
$-174.8K
Q1 24
$269.3K
FCF Margin
KOSS
KOSS
PONY
PONY
Q4 25
-37.5%
Q3 25
18.7%
Q2 25
-17.6%
Q1 25
11.0%
Q4 24
-8.8%
Q3 24
-4.9%
Q2 24
-6.0%
Q1 24
10.2%
Capex Intensity
KOSS
KOSS
PONY
PONY
Q4 25
10.9%
Q3 25
0.0%
Q2 25
0.2%
Q1 25
2.3%
Q4 24
1.8%
Q3 24
11.2%
Q2 24
0.0%
Q1 24
2.3%
Cash Conversion
KOSS
KOSS
PONY
PONY
Q4 25
Q3 25
3.13×
Q2 25
Q1 25
Q4 24
-2.68×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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