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

Pony AI Inc. is the larger business by last-quarter revenue ($2.1M vs $2.0M, roughly 1.0× Roivant Sciences Ltd.). Pony AI Inc. runs the higher net margin — -284.8% vs -13301.2%, a 13016.4% gap on every dollar of revenue.

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...

Roivant Sciences Ltd. is an American multinational healthcare company focused on applying technology to drug development and building subsidiary life sciences and health technology companies. It was founded in 2014 by Vivek Ramaswamy and is currently headed by CEO Matt Gline. Roivant maintains its headquarters in New York City as well as major offices in the biotech hubs of Boston and Basel.

PONY vs ROIV — Head-to-Head

Bigger by revenue
PONY
PONY
1.0× larger
PONY
$2.1M
$2.0M
ROIV
Higher net margin
PONY
PONY
13016.4% more per $
PONY
-284.8%
-13301.2%
ROIV

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
PONY
PONY
ROIV
ROIV
Revenue
$2.1M
$2.0M
Net Profit
$-5.9M
$-265.9M
Gross Margin
9.2%
Operating Margin
-275.3%
-16966.1%
Net Margin
-284.8%
-13301.2%
Revenue YoY
-77.8%
Net Profit YoY
-257.0%
EPS (diluted)
$-3.51
$-0.38

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
PONY
PONY
ROIV
ROIV
Q4 25
$2.0M
Q3 25
$2.1M
$1.6M
Q2 25
$1.7M
$2.2M
Q1 25
$1.9M
$-39.6M
Q4 24
$9.0M
Q3 24
$4.5M
Q2 24
$8.0M
Q1 24
$28.9M
Net Profit
PONY
PONY
ROIV
ROIV
Q4 25
$-265.9M
Q3 25
$-5.9M
$-113.5M
Q2 25
$-4.3M
$-223.4M
Q1 25
$-5.2M
$-206.5M
Q4 24
$169.4M
Q3 24
$-230.2M
Q2 24
$95.3M
Q1 24
$-151.1M
Gross Margin
PONY
PONY
ROIV
ROIV
Q4 25
Q3 25
9.2%
Q2 25
Q1 25
16.6%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
PONY
PONY
ROIV
ROIV
Q4 25
-16966.1%
Q3 25
-275.3%
-19492.9%
Q2 25
-303.4%
-13130.0%
Q1 25
-400.9%
674.8%
Q4 24
-3042.6%
Q3 24
-7636.0%
Q2 24
-1279.5%
Q1 24
-919.5%
Net Margin
PONY
PONY
ROIV
ROIV
Q4 25
-13301.2%
Q3 25
-284.8%
-7225.9%
Q2 25
-253.7%
-10292.9%
Q1 25
-267.4%
521.8%
Q4 24
1878.3%
Q3 24
-5143.8%
Q2 24
1192.7%
Q1 24
-522.3%
EPS (diluted)
PONY
PONY
ROIV
ROIV
Q4 25
$-0.38
Q3 25
$-3.51
$-0.17
Q2 25
$-0.92
$-0.33
Q1 25
$-0.12
$-0.28
Q4 24
$0.23
Q3 24
$-0.31
Q2 24
$0.12
Q1 24
$-0.02

Balance Sheet & Financial Strength

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

Metric
PONY
PONY
ROIV
ROIV
Cash + ST InvestmentsLiquidity on hand
$62.5M
$4.5B
Total DebtLower is stronger
Stockholders' EquityBook value
$114.1M
$4.3B
Total Assets
$126.5M
$5.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PONY
PONY
ROIV
ROIV
Q4 25
$4.5B
Q3 25
$62.5M
$4.4B
Q2 25
$84.9M
$4.5B
Q1 25
$86.8M
$4.9B
Q4 24
$5.1B
Q3 24
$5.4B
Q2 24
$5.7B
Q1 24
$6.5B
Total Debt
PONY
PONY
ROIV
ROIV
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$311.7M
Q1 24
$430.6M
Stockholders' Equity
PONY
PONY
ROIV
ROIV
Q4 25
$4.3B
Q3 25
$114.1M
$4.4B
Q2 25
$120.6M
$4.3B
Q1 25
$126.4M
$4.7B
Q4 24
$5.2B
Q3 24
$5.2B
Q2 24
$5.4B
Q1 24
$6.0B
Total Assets
PONY
PONY
ROIV
ROIV
Q4 25
$5.2B
Q3 25
$126.5M
$5.1B
Q2 25
$138.3M
$5.0B
Q1 25
$134.0M
$5.4B
Q4 24
$5.8B
Q3 24
$6.2B
Q2 24
$6.5B
Q1 24
$7.2B
Debt / Equity
PONY
PONY
ROIV
ROIV
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.06×
Q1 24
0.07×

Cash Flow & Capital Efficiency

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

Metric
PONY
PONY
ROIV
ROIV
Operating Cash FlowLast quarter
$-2.9M
$-196.5M
Free Cash FlowOCF − Capex
$-201.4M
FCF MarginFCF / Revenue
-10076.0%
Capex IntensityCapex / Revenue
246.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-776.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PONY
PONY
ROIV
ROIV
Q4 25
$-196.5M
Q3 25
$-2.9M
$-185.7M
Q2 25
$-2.5M
$-204.4M
Q1 25
$-7.5M
$-172.6M
Q4 24
$-207.3M
Q3 24
$-266.8M
Q2 24
$-192.8M
Q1 24
$-108.5M
Free Cash Flow
PONY
PONY
ROIV
ROIV
Q4 25
$-201.4M
Q3 25
$-193.5M
Q2 25
$-208.4M
Q1 25
$-173.4M
Q4 24
$-209.1M
Q3 24
$-267.8M
Q2 24
$-193.8M
Q1 24
$-108.8M
FCF Margin
PONY
PONY
ROIV
ROIV
Q4 25
-10076.0%
Q3 25
-12317.8%
Q2 25
-9604.5%
Q1 25
438.1%
Q4 24
-2318.5%
Q3 24
-5984.4%
Q2 24
-2425.5%
Q1 24
-376.1%
Capex Intensity
PONY
PONY
ROIV
ROIV
Q4 25
246.9%
Q3 25
499.6%
Q2 25
185.9%
Q1 25
-2.0%
Q4 24
20.3%
Q3 24
22.3%
Q2 24
12.1%
Q1 24
1.2%
Cash Conversion
PONY
PONY
ROIV
ROIV
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-1.22×
Q3 24
Q2 24
-2.02×
Q1 24

Financial Flow Comparison

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

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