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Side-by-side financial comparison of Pony AI Inc. (PONY) and 22nd Century Group, Inc. (XXII). Click either name above to swap in a different company.

22nd Century Group, Inc. is the larger business by last-quarter revenue ($3.5M vs $2.1M, roughly 1.7× Pony AI Inc.). 22nd Century Group, Inc. runs the higher net margin — -79.4% vs -284.8%, a 205.4% 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...

22nd Century Media was an American media company based in the suburbs of Chicago. The company was founded in 2005 and at one time published 14 weekly community newspapers. The publications had roughly 160,000 subscribers.

PONY vs XXII — Head-to-Head

Bigger by revenue
XXII
XXII
1.7× larger
XXII
$3.5M
$2.1M
PONY
Higher net margin
XXII
XXII
205.4% more per $
XXII
-79.4%
-284.8%
PONY

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
PONY
PONY
XXII
XXII
Revenue
$2.1M
$3.5M
Net Profit
$-5.9M
$-2.8M
Gross Margin
9.2%
Operating Margin
-275.3%
-79.2%
Net Margin
-284.8%
-79.4%
Revenue YoY
-12.0%
Net Profit YoY
38.4%
EPS (diluted)
$-3.51
$-36.48

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
XXII
XXII
Q4 25
$3.5M
Q3 25
$2.1M
$4.0M
Q2 25
$1.7M
$4.1M
Q1 25
$1.9M
$6.0M
Q4 24
$4.0M
Q3 24
$5.9M
Q2 24
$7.9M
Q1 24
$6.5M
Net Profit
PONY
PONY
XXII
XXII
Q4 25
$-2.8M
Q3 25
$-5.9M
$5.5M
Q2 25
$-4.3M
$-3.4M
Q1 25
$-5.2M
$-4.3M
Q4 24
$-4.6M
Q3 24
$-3.8M
Q2 24
$-1.1M
Q1 24
$-5.7M
Gross Margin
PONY
PONY
XXII
XXII
Q4 25
Q3 25
9.2%
36.3%
Q2 25
29.9%
Q1 25
16.6%
Q4 24
Q3 24
47.8%
Q2 24
51.3%
Q1 24
Operating Margin
PONY
PONY
XXII
XXII
Q4 25
-79.2%
Q3 25
-275.3%
-80.1%
Q2 25
-303.4%
-73.0%
Q1 25
-400.9%
-43.1%
Q4 24
-101.8%
Q3 24
-56.8%
Q2 24
-25.8%
Q1 24
-68.5%
Net Margin
PONY
PONY
XXII
XXII
Q4 25
-79.4%
Q3 25
-284.8%
136.8%
Q2 25
-253.7%
-83.4%
Q1 25
-267.4%
-72.7%
Q4 24
-113.3%
Q3 24
-63.2%
Q2 24
-14.0%
Q1 24
-88.7%
EPS (diluted)
PONY
PONY
XXII
XXII
Q4 25
$-36.48
Q3 25
$-3.51
$-0.28
Q2 25
$-0.92
$-13.61
Q1 25
$-0.12
$-2.50
Q4 24
$-42962.00
Q3 24
$-1760.26
Q2 24
$-593.72
Q1 24
$-395.07

Balance Sheet & Financial Strength

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

Metric
PONY
PONY
XXII
XXII
Cash + ST InvestmentsLiquidity on hand
$62.5M
$7.1M
Total DebtLower is stronger
$708.0K
Stockholders' EquityBook value
$114.1M
$15.8M
Total Assets
$126.5M
$27.0M
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PONY
PONY
XXII
XXII
Q4 25
$7.1M
Q3 25
$62.5M
$4.8M
Q2 25
$84.9M
$3.1M
Q1 25
$86.8M
$1.1M
Q4 24
$4.4M
Q3 24
$5.3M
Q2 24
$1.3M
Q1 24
$1.5M
Total Debt
PONY
PONY
XXII
XXII
Q4 25
$708.0K
Q3 25
Q2 25
$3.2M
Q1 25
$3.9M
Q4 24
$6.7M
Q3 24
$7.0M
Q2 24
$7.5M
Q1 24
$14.7M
Stockholders' Equity
PONY
PONY
XXII
XXII
Q4 25
$15.8M
Q3 25
$114.1M
$18.4M
Q2 25
$120.6M
$5.6M
Q1 25
$126.4M
$3.6M
Q4 24
$4.0M
Q3 24
$3.5M
Q2 24
$-955.0K
Q1 24
$-11.6M
Total Assets
PONY
PONY
XXII
XXII
Q4 25
$27.0M
Q3 25
$126.5M
$32.4M
Q2 25
$138.3M
$22.4M
Q1 25
$134.0M
$21.5M
Q4 24
$21.7M
Q3 24
$26.2M
Q2 24
$24.1M
Q1 24
$24.6M
Debt / Equity
PONY
PONY
XXII
XXII
Q4 25
0.04×
Q3 25
Q2 25
0.57×
Q1 25
1.08×
Q4 24
1.66×
Q3 24
2.02×
Q2 24
Q1 24

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
XXII
XXII
Operating Cash FlowLast quarter
$-2.9M
$2.7M
Free Cash FlowOCF − Capex
$2.7M
FCF MarginFCF / Revenue
77.3%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-7.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PONY
PONY
XXII
XXII
Q4 25
$2.7M
Q3 25
$-2.9M
$-4.0M
Q2 25
$-2.5M
$-3.5M
Q1 25
$-7.5M
$-3.0M
Q4 24
$-4.4M
Q3 24
$-3.0M
Q2 24
$-4.7M
Q1 24
$-2.3M
Free Cash Flow
PONY
PONY
XXII
XXII
Q4 25
$2.7M
Q3 25
$-4.0M
Q2 25
$-3.5M
Q1 25
$-3.0M
Q4 24
Q3 24
$-3.0M
Q2 24
$-4.8M
Q1 24
$-2.3M
FCF Margin
PONY
PONY
XXII
XXII
Q4 25
77.3%
Q3 25
-100.3%
Q2 25
-85.9%
Q1 25
-50.1%
Q4 24
Q3 24
-51.2%
Q2 24
-60.1%
Q1 24
-35.0%
Capex Intensity
PONY
PONY
XXII
XXII
Q4 25
0.5%
Q3 25
0.1%
Q2 25
0.7%
Q1 25
0.2%
Q4 24
0.0%
Q3 24
1.2%
Q2 24
0.8%
Q1 24
0.1%
Cash Conversion
PONY
PONY
XXII
XXII
Q4 25
Q3 25
-0.73×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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