Pony Group Q2 FY26 gross profit drops to $3,440; revenue falls to $31,448
PNYG•Six-month results and liquidity
- Revenue for the six months ended June 30 slid 26.25% to $55,184, while gross margin held at 37.5% versus 37.6%.
- Cash was $9,841 with negative working capital of $1.07 million; accumulated deficit totaled $1.24 million, raising substantial doubt about going concern.
Quarterly revenue and gross profit decline
- Pony Group revenue fell 29.43% to $31,448 in the quarter ended June 30, 2026, citing softened demand for car transportation.
- Gross profit dropped to $3,440 from $16,497; gross margin narrowed 26.1 percentage points to 10.9%.
- Operating expenses were flat at $54,249, while net other expense widened to $497 from $360 on exchange-rate changes.
