Molybdenum oxide (MoOx) nanosheets with high near-infrared (NIR) absorbance and pH-dependent oxidative degradation properties were synthesized, functionalizedw ith polyethylene glycol (PEG), and then used as ad egradable photothermal agent and drug carrier.T he nanosheets,w hich are relatively stable under acidic pH, could be degraded at physiological pH. Therefore,M oOx-PEG distributed in organs upon intravenous injection would be rapidly degraded and excreted without apparent in vivo toxicity.M oOx-PEG shows efficient accumulation in tumors,the acidic pH of which then leads to longer tumor retention of those nanosheets.Along with the capability of acting as ap hotothermal agent for effective tumor ablation, MoOx-PEG can load therapeutic molecules with high efficiencies.T his concept of inorganic theranostic nanoagent should be relatively stable in tumors to allowimaging and treatment, while being readily degradable in normal organs to enable rapid excretion and avoid long-term retention/toxicity.