Full Truck Alliance Co. Ltd. (YMM) — Financial statements
Income statement, balance sheet, and cash flow for Full Truck Alliance Co. Ltd. — annual and quarterly history with growth and margin analysis.
| Metric (CNY Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 12,150↑8.1% | 11,239↑33.2% | 8,436↑25.3% | 6,734↑44.6% | 4,657 | |
| Cost of Revenue | 4,423↑194.1% | 1,504↑22.0% | 1,233↓64.9% | 3,515↑38.4% | 2,540 | |
| Gross Profit | 7,727↓20.6% | 9,735↑35.1% | 7,204↑123.8% | 3,219↑52.1% | 2,117 | |
| Operating Expenses | ||||||
| R&D Expenses | 851↓3.3% | 880↓7.0% | 947↑3.6% | 914↑25.3% | 730 | |
| General & Administrative Expenses | 0.00↓100.0% | 914↓2.6% | 938↓33.9% | 1,418↓66.8% | 4,271 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 1,597↑28.9% | 1,239↑37.3% | 902↑7.8% | 837 | |
| SG&A Expenses | 2,824↑12.5% | 2,511↑15.3% | 2,177↓6.2% | 2,320↓54.6% | 5,108 | |
| Other Expenses | 70↓98.2% | 3,869↑25.5% | 3,083↑2000.7% | 147↑96.1% | 75 | |
| Operating Expenses | 3,744↓48.4% | 7,260↑17.0% | 6,206↑83.6% | 3,381↓42.8% | 5,913 | |
| Total Costs & Expenses | 8,167↓6.8% | 8,764↑17.8% | 7,439↑7.9% | 6,896↓18.4% | 8,453 | |
| Operating Results | ||||||
| Operating Income | 3,982↑60.9% | 2,475↑148.1% | 997↑715.7% | -162↑95.7% | -3,796 | |
| Depreciation & Amortization | 0.00↓100.0% | 78↑4.3% | 75↓15.4% | 88↑31.0% | 67 | |
| EBITDA | 3,982↑56.2% | 2,550↑5.9% | 2,409↑3348.7% | -74↑97.9% | -3,573 | |
| EBIT | 3,982↑60.9% | 2,475↑6.0% | 2,334↑1536.4% | -162↑95.5% | -3,640 | |
| Interest & Other Income | ||||||
| Net Interest Income | 1,020↓5.0% | 1,073↓6.0% | 1,142↑136.2% | 483↑106.1% | 235 | |
| Interest Income | 1,020↓5.0% | 1,073↓6.0% | 1,142↑136.1% | 484↑106.1% | 235 | |
| Interest Expense | 0.00 | 0.00 | 0.00↓100.0% | 0.18↑337.5% | 0.04 | |
| Non-Operating Income | 0.00↑100.0% | -888↑33.6% | -1,336 | 0.00↑100.0% | -156 | |
| Other Income / Expenses | 1,259↑41.8% | 888↓33.6% | 1,336↑99.5% | 670↑330.5% | 156 | |
| Income Before Tax | 5,241↑55.9% | 3,363↑44.1% | 2,334↑359.5% | 508↑114.0% | -3,640 | |
| Income Tax Expense | 904↑277.5% | 239↑124.2% | 107↑11.2% | 96↑576.7% | 14 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 4,338↑38.9% | 3,123↑40.2% | 2,227↑440.7% | 412↑111.3% | -3,655 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 4,288↑39.7% | 3,070↑38.7% | 2,213↑444.0% | 407↑111.1% | -3,655 | |
| Bottom-Line Net Income | 4,288↑39.7% | 3,070↑38.7% | 2,213↑444.0% | 407↑109.7% | -4,173 | |
| EPS (Basic) | 4.20↑42.4% | 2.95↑47.5% | 2.00↑400.0% | 0.40↑111.8% | -3.40 | |
| EPS (Diluted) | 4.20↑42.9% | 2.94↑47.0% | 2.00↑400.0% | 0.40↑111.8% | -3.40 | |
| Weighted Average Shares | 1,042↑0.1% | 1,041↓1.6% | 1,058↓1.7% | 1,076↓0.0% | 1,076 | |
| Weighted Average Diluted Shares | 1,046↑0.1% | 1,045↓1.2% | 1,058↓1.9% | 1,079↑0.3% | 1,076 | |
* All figures in Millions of CNY, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.