Full Truck Alliance Company Limited

Latest Results (11.09.2025):

Full Truck Alliance Company Limited reported strong financial performance for the second quarter of 2025, demonstrating significant growth in revenues, net income, and membership expansion. The company leveraged digitalization and intelligent technologies to enhance operational efficiency and reduce logistic costs, positioning itself for continued success in the road freight industry.

Revenue Growth

Full Truck Alliance Company Limited achieved total net revenues of RMB3.24 billion in Q2 2025, marking a 17.2% increase compared to the same period in 2024. This growth was primarily driven by an 18.0% rise in freight matching services revenues and a 12.8% increase in value-added services revenues.

Net Income Surge

The company's net income surged by 50.5% to RMB1.26 billion in the second quarter of 2025, up from RMB840.5 million in Q2 2024. Non-GAAP adjusted net income also saw a robust increase of 39.3%, reaching RMB1.35 billion, underscoring the company's strong profitability and operational efficiency.

Membership Expansion

By the end of Q2 2025, Full Truck Alliance expanded its platform to 1.2 million shipper members and nearly one million trucker members. This growth highlights the increasing engagement and trust from both sides of the ecosystem, enhancing the platform's capacity and fulfillment rate, which rose above 40%, a 7 percentage point year-over-year improvement.

Operational Efficiency

Full Truck Alliance improved its operational metrics by reducing the cost of revenues by 5.6% to RMB1.24 billion in Q2 2025. Additionally, the company maintained a healthy non-performing loan ratio of 2.1%, reflecting effective financial management and risk mitigation strategies.