Full Truck Alliance Co. (YMM) Income Statement

Full Truck Alliance Co. reported revenue of CNY 12.49B in fiscal 2025 (fiscal year ended Dec 31, 2025), up 11.1% from CNY 11.24B a year earlier. Net income was CNY 4.41B, up 43.6% year over year, a net margin of 35.3%. Gross margin was 63.0% and operating margin 33.2%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was CNY 3.38B, up 4.4% from the same quarter a year earlier.

Full Truck Alliance Co. Income Statement Analysis

Values in billions CNY

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Full Truck Alliance Co. Ltd. income statement - Annual data in billions CNY
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Revenue & Gross Profit
Revenue	12.49	11.24	8.44	6.73	4.66	2.58	2.47
Cost of Revenue	4.62	5.10	1.23	3.51	2.54	1.32	1.39
Gross Profit	7.87	6.14	4.32	3.22	2.12	1.26	1.08
Operating Expenses
Research & Development	0.87	0.88	0.95	0.91	0.73	0.41	0.40
Selling, General & Administrative	2.46	2.51	2.10	2.32	5.11	4.39	1.59
Operating Expenses	3.72	3.66	3.32	3.38	5.91	4.88	2.10
Operating Income	4.15	2.47	1.00	-0.16	-3.80	-3.61	-1.02
Other Income/Expense
Interest Income	0.95	1.07	1.20	0.48	0.23	0.21	0.23
Interest Expense	0.00	0.00	0.00	0.00	0.00	0.01	0.04
Other Income/Expense	1.24	0.89	1.34	0.67	0.16	0.16	-0.54
Income
Income Before Tax	5.39	3.36	2.33	0.51	-3.64	-3.45	-1.56
Income Tax Expense	0.93	0.24	0.11	0.10	0.01	0.02	-0.01
Net Income	4.41	3.07	2.21	0.41	-3.65	-3.47	-1.52
Net Income - Continuous Operations	4.41	3.07	2.21	0.41	-3.65	-3.47	-1.52
Net Income - Discontinued Operations	-	-	-	-	-	-	-
EBITDA	4.25	2.55	1.14	-0.07	-3.57	-3.38	-1.45
EBIT	4.15	2.47	1.07	-0.16	-3.80	-3.61	-
Depreciation & Amortization	0.10	0.08	0.07	0.09	0.07	0.06	0.07
Earnings Per Share
Basic EPS	1.00	-	2.00	-	-1.00	-	-
Diluted EPS	1.00	-	2.00	-	-1.00	-	-
Basic Shares Outstanding	1.04	1.04	1.06	1.08	1.09	1.10	1.10
Diluted Shares Outstanding	1.05	1.05	1.06	1.08	1.09	1.10	1.10

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Full Truck Alliance Co. Financial Statements

What was Full Truck Alliance Co.'s revenue in fiscal 2025?

Full Truck Alliance Co. reported revenue of CNY 12.49B in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 11.1% from CNY 11.24B a year earlier.

Is Full Truck Alliance Co. profitable?

Yes. Full Truck Alliance Co. earned net income of CNY 4.41B in fiscal 2025, a net margin of 35.3%. In fiscal 2024 it earned CNY 3.07B.

What is Full Truck Alliance Co.'s operating margin?

Full Truck Alliance Co.'s operating income was CNY 4.15B on revenue of CNY 12.49B in fiscal 2025, an operating margin of 33.2%, compared with 22.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition