Full Truck Alliance Co. Ltd. income statement

In fiscal 2025, Full Truck Alliance Co. Ltd. reported revenue of $1.74bn, up 11.3% on the year before, operating income of $577m (a 33.2% margin) and net income of $620m, or $0.58 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Full Truck Alliance Co. Ltd.: income statement, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	358	374	722	1,003	1,192	1,562	1,738
Cost of revenue	201	191	394	523	582	709	643
Gross profit	157	183	328	479	610	853	1,095
Research and development	57	60	113	136	134	122	122
Selling and marketing	58	66	130	134	175	222	243
General and administrative	172	571	662	211	133	127	99
Operating income	−148	−524	−588	−24	141	344	577
Interest expense	6	1	0	0	0	0	—
Provision for credit losses	19	14	15	29	33	41	62
Income before tax	−225	−500	−564	76	330	467	750
Income tax	−2	3	2	14	15	33	129
Net income	−221	−503	−567	61	315	434	620
Diluted EPS	−$0.33	−$0.76	—	$0.06	$0.28	$0.42	$0.58
Diluted shares (average)	660m	685m	672m	1,079m	1,058m	1,045m	1,046m
EBITDA	−138	−515	−578	−11	152	355	591

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Full Truck Alliance Co. Ltd.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Full Truck Alliance Co. Ltd.