5 Best Debt-Free IT Stocks to Buy Now

3. Pony AI Inc. (NASDAQ: PONY)

EV-to-Market Cap Ratio: 0.76

Stock Upside Potential: 92.09%

Number of Hedge Fund Holders: 23

Pony AI Inc. (NASDAQ:PONY) is one of the best debt-free IT stocks to buy now. On May 26, the company delivered solid first-quarter results as it continues to scale its commercial operations, supported by a scaled fleet, technological capabilities, and operational capabilities.

Revenue in the quarter was up 145% year over year to $34.25 million, driven by growth in Robotaxi services and intelligence solutions revenue. Service revenues increased 61.4% to $16.7 million, driven by Robotaxi and Robotruck transportation services. Product revenues were up 384.4% to $17.5 million.

On the other hand, the company posted a wider-than-expected non-GAAP net loss of $41.2 million, compared with $23.8 million in the first quarter of last year. The wider-than-expected net loss was due to non-operating items reflecting a decrease in investment  income.

As Pony AI continues to scale its operations, it has raised its 2026 targets  and now expects to end the year with a Robotaxi fleet of more than 3,500 vehicles deployed in over 20 cities. It also expects its full-year revenue to exceed 3.5 times last year’s level.

Pony AI Inc. (NASDAQ: PONY) develops full-stack autonomous driving technology and artificial intelligence systems for vehicles. They are a global leader in operating commercial robotaxis and robotrucks, as well as in providing self-driving software/hardware solutions to major automakers and mobility networks.