Financials in USD. Standardized financial statements.
A compact view of how Full Truck Alliance Co. Ltd. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Revenue? | $12.49B | $11.24B | $8.44B | $6.73B | $4.66B | $2.58B | $2.47B |
| Revenue Growth? | +11.1% | +33.2% | +25.3% | +44.6% | +80.4% | +4.4% | 0.0% |
| Cost of Revenue? | $4.62B | $1.50B | $1.23B | $3.51B | $2.54B | $1.32B | $1.39B |
| Gross Profit? | $7.87B | $9.73B | $7.20B | $3.22B | $2.12B | $1.26B | $1.08B |
| Gross Margin? | +63.0% | +86.6% | +85.4% | +47.8% | +45.5% | +49.0% | +43.8% |
| Operating Expenses? | $3.72B | $7.26B | $6.21B | $3.38B | $5.91B | $4.88B | $2.10B |
| Operating Income? | $4.15B | $2.47B | $997.43M | -$162.00M | -$3.80B | -$3.61B | -$1.02B |
| EBITDA? | $4.25B | $2.55B | $2.41B | -$74.14M | -$3.57B | -$3.38B | -$1.45B |
| Income Before Tax | $5.39B | $3.36B | $2.33B | $507.94M | -$3.64B | -$3.45B | -$1.56B |
| Income Tax Expense | $929.16M | $239.41M | $106.80M | $96.03M | $14.19M | $19.34M | -$14.68M |
| Net Income? | $4.41B | $3.07B | $2.21B | $406.76M | -$3.65B | -$3.47B | -$1.52B |
| EPS? | $4.20 | $2.95 | $2.00 | $0.40 | $-3.40 | $-3.20 | $-1.42 |
| Diluted EPS? | $4.20 | $2.94 | $2.00 | $0.40 | $-3.40 | $-3.20 | $-1.42 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality