Full Truck Alliance Co. Ltd.YMM
What Full Truck Alliance Co. Ltd. does.
The FTA platform is a leading digital freight platform in China, connecting shippers with truckers to facilitate shipments across distance ranges, cargo weights and types. We have transformed China’s road transportation industry by pioneering a digital, standardized and smart logistics infrastructure across the value chain.
We have built a vibrant ecosystem of millions of shippers and truckers. In the fourth quarter of 2025, an average number of approximately 3.28 million shippers posted shipping orders on the FTA platform each month, and 4.6 million truckers fulfilled shipping orders on the FTA platform in 2025. In 2025, the Group facilitated 236.3 million fulfilled orders.
We are committed to being an exemplary corporate citizen with positive impacts on the environment and society. The FTA platform contributes to a cleaner environment by eliminating empty miles and wasted fuel and improving efficiency of loads. Furthermore, the FTA platform promotes truckers’ welfare by increasing their earnings potential through efficient freight matching, establishing platform rules for fair dealing and undertaking social initiatives tailored to truckers.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $2.6B | $4.7B | $6.7B | $8.4B | $11.2B | $12.5B |
| Net income | -$3.5B | -$3.7B | $411.9M | $2.2B | $3.1B | $4.5B |
| Free cash flow | $521.7M | -$254.6M | -$101.2M | $2.2B | $2.9B | $4.5B |
More on YMM.
- Full Truck Alliance Co. Ltd. summary
- Full Truck Alliance Co. Ltd. financial statements
- Full Truck Alliance Co. Ltd. key metrics
- Full Truck Alliance Co. Ltd. health scores and style box
- Full Truck Alliance Co. Ltd. earnings
- Full Truck Alliance Co. Ltd. dividends
- Full Truck Alliance Co. Ltd. valuation
- Full Truck Alliance Co. Ltd. ownership and insiders
- Full Truck Alliance Co. Ltd. peers
Figures from Full Truck Alliance Co. Ltd.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.