Inferra AI / Company / YMM
Full Truck Alliance Co. Ltd.
YMM · Information Technology
Last earnings Aug 19, 2026
Key results
Revenuequarter
US$452.2 million
Second Quarter 2025 Financial and Operational Highlights Total net revenues in the second quarter of 2025 were RMB3,239.1 million (US$452.2 million), an increase of 17.2% from RMB2,764.3 million in the same period of 2024.
SEC original ↗Full Truck Alliance Co. Ltd. — Earnings release (6-K exhibit)EX-99Aug 21, 2025
Net incomequarter
US$176.6 million
Net income in the second quarter of 2025 was RMB1,264.8 million (US$176.6 million), an increase of 50.5 % from RMB840.5 million in the same period of 2024.
SEC original ↗Full Truck Alliance Co. Ltd. — Earnings release (6-K exhibit)EX-99Aug 21, 2025
Non-GAAP adjusted net incomequarter
US$188.7 million
Non-GAAP adjusted net income 1 in the second quarter of 2025 was RMB1,352.1 million (US$188.7 million), an increase of 39.3% from RMB970.9 million in the same period of 2024.
SEC original ↗Full Truck Alliance Co. Ltd. — Earnings release (6-K exhibit)EX-99Aug 21, 2025
Adjusted net incomequarter
39.3%
Notably, net income rose 50.5% to RMB1.26 billion, and non-GAAP adjusted net income increased by 39.3% to RMB1.35 billion.
SEC original ↗Full Truck Alliance Co. Ltd. — Earnings release (6-K exhibit)EX-99Aug 21, 2025
Total net revenues in the second quarter of 2025 were RMB3,239.1 million (US$452.2 million), representing an increase of 17.2% from RMB2,764.3 million in the same period of 2024, primarily attributable to an increase in revenues from freight matching services.
SEC original ↗Full Truck Alliance Co. Ltd. — Earnings release (6-K exhibit)EX-99Aug 21, 2025
Revenues from freight matching services in the second quarter of 2025 were RMB2,747.9 million (US$383.6 million), representing an increase of 18.0% from RMB2,328.7 million in the same period of 2024.
SEC original ↗Full Truck Alliance Co. Ltd. — Earnings release (6-K exhibit)EX-99Aug 21, 2025
Revenues from freight brokerage service in the second quarter of 2025 were RMB1,177.9 million (US$164.4 million), representing an increase of 1.1% from RMB1,164.8 million in the same period of 2024, primarily attributable to an increase in service fee rate, partially offset by a decrease in transaction volume.
SEC original ↗Full Truck Alliance Co. Ltd. — Earnings release (6-K exhibit)EX-99Aug 21, 2025
Revenues from freight listing service in the second quarter of 2025 were RMB242.9 million (US$33.9 million), an increase of 14.5% from RMB212.1 million in the same period of 2024, primarily due to the growing number of total paying members.
SEC original ↗Full Truck Alliance Co. Ltd. — Earnings release (6-K exhibit)EX-99Aug 21, 2025
AI analysis
Q2 2025 · reported Aug 21, 2025
Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held
Headline figures
| Metric | Q2 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | US$452.2 million | — | — |
| Net income | US$176.6 million | — | — |
| Non-GAAP adjusted net income | US$188.7 million | — | — |
| Adjusted net income | 39.3% | — | — |
Guidance · company-stated
No guidance located in the held release
Capital allocation
Declaration of Cash Dividend The board of directors of the Company has approved a semi-annual cash dividend for the second half of 2025 in the amount of US$0.0048 per ordinary share, or US$0.0960 per ADS, payable on or around October 27, 2025, to holders of record of the Company s ordinary shares at the close of business on October 13, 2025.
Event summary
Announces Second Quarter 2025 Unaudited Financial Results
Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
Declaration of Cash Dividend The board of directors of the Company has approved a semi-annual cash dividend for the second half of 2025 in the amount of US$0.0048 per ordinary share, or US$0.0960 per ADS, payable on or around October 27, 2025, to holders of record of the Company s ordinary shares at the close of business on October 13, 2025.
SEC original ↗Full Truck Alliance Co. Ltd. — Earnings release (6-K exhibit)EX-99Aug 21, 2025
The aggregate amount of the dividend is expected to be approximately US$100 million.
SEC original ↗Full Truck Alliance Co. Ltd. — Earnings release (6-K exhibit)EX-99Aug 21, 2025
Cash dividends are expected to be paid to holders of the Company s ADSs through the depositary, Deutsche Bank Trust Company Americas, on or around October 27, 2025, subject to the terms of the deposit agreement, including the fees and expenses payable thereunder.
SEC original ↗Full Truck Alliance Co. Ltd. — Earnings release (6-K exhibit)EX-99Aug 21, 2025
The Group s long-term investments consist of RMB11,551 million long-term time deposits, RMB1,106 million wealth management products with maturities over one year, RMB770 million available-for-sale debt securities, RMB316 million equity method investments, and RMB715 million equity investments without readily determinable fair value as of June 30, 2025.
SEC original ↗Full Truck Alliance Co. Ltd. — Earnings release (6-K exhibit)EX-99Aug 21, 2025
Strategy & priorities
Langbo Guo, President of FTA, added, In the second quarter, our steadfast focus on improving fulfillment efficiency and user experience reinforced the healthy development of both shipper and trucker ecosystems.
SEC original ↗Full Truck Alliance Co. Ltd. — Earnings release (6-K exhibit)EX-99Aug 21, 2025
Looking ahead, we remain dedicated to our user-centric strategy and to delivering sustainable, long-term value to both our users and shareholders.
SEC original ↗Full Truck Alliance Co. Ltd. — Earnings release (6-K exhibit)EX-99Aug 21, 2025
Risks & headwinds
Peter Hui Zhang, Founder, Chairman, and Chief Executive Officer of FTA, stated, In the second quarter of 2025, FTA demonstrated strong resilience in navigating both opportunities and challenges in the external environment.
SEC original ↗Full Truck Alliance Co. Ltd. — Earnings release (6-K exhibit)EX-99Aug 21, 2025
2 Fulfilled orders on our platform in a given period are defined as all shipping orders matched through our platform during such period but exclude (i) shipping orders that are subsequently canceled and (ii) shipping orders for which our users failed to specify any freight prices, as there are substantial uncertainties as to whether such shipping orders are fulfilled.
SEC original ↗Full Truck Alliance Co. Ltd. — Earnings release (6-K exhibit)EX-99Aug 21, 2025
As previously announced by the Company, to ensure the sustainability of its freight brokerage service, the Company has decided to increase the service fee rate for freight brokerage service to reduce the service s reliance on government grants and potential uncertainties.
SEC original ↗Full Truck Alliance Co. Ltd. — Earnings release (6-K exhibit)EX-99Aug 21, 2025
The Company expects that, starting from the third quarter of 2025, the transaction volume of its freight brokerage service will significantly decline, resulting in a decline in revenue from freight brokerage service, while the cost of revenue for the service will increase, which may adversely affect the Company s profit to a certain extent.
SEC original ↗Full Truck Alliance Co. Ltd. — Earnings release (6-K exhibit)EX-99Aug 21, 2025
Forward-looking statements involve inherent risks and uncertainties.
SEC original ↗Full Truck Alliance Co. Ltd. — Earnings release (6-K exhibit)EX-99Aug 21, 2025
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
30 documents- Q2 2026
- 6-KYMM
- Q1 2026
- 6-KYMM
- 20-FYMM
- Q4 2025
- 6-KYMM
- 6-KYMM
- Q3 2025
- 6-KYMM
- Q2 2025
- 6-KYMM
- 6-KYMM
- Q1 2025
- 6-KYMM
- 20-FYMM
- Q4 2024
- 6-KYMM
- Q3 2024
- 6-KYMM
- Q2 2024
- 6-KYMM
- Q1 2024
- 6-KYMM
- 20-FYMM
- Q4 2023
- 6-KYMM
- 6-KYMM
- Q3 2023
- 6-KYMM
- Q2 2023
- 6-KYMM
- 6-KYMM
- Q1 2023
- 6-KYMM
- 20-FYMM
- Q4 2022
- 6-KYMM
- 6-KYMM
- Q3 2022
- 6-KYMM
- 6-KYMM
- Q2 2022
- 6-KYMM
- 6-KYMM
- 6-KYMM
- Q1 2022
- 6-KYMM
Earnings releases
7 documentsPresentations
0 documentsNo presentations for Full Truck Alliance Co. Ltd. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Full Truck Alliance Co. Ltd. are held in this edition of the library.
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