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Full Truck Alliance Co. Ltd. (YMM) Graph

YMM Revenue Flow

Filed revenue amounts for 2025-01-01 to 2025-12-31. Coverage is partial. Unconnected amounts are separate disclosures; they must not be added together.

  • 2025-12-31: Revenue including tax $1.79B; Cost of revenue $660.48M; Research and development $125.04M; Income tax $132.87M.
  • 2024-12-31: Revenue including tax $1.54B; Cost of revenue $698.77M; Research and development $120.56M; Income tax $32.80M.
  • 2023-12-31: Revenue including tax $1.19B; Cost of revenue $580.15M; Research and development $133.33M; Income tax $15.04M.
  • 2022-12-31: Revenue including tax $976.29M; Cost of revenue $509.56M; Research and development $132.54M; Income tax $13.92M.

Revenue flow

Separate filed amounts; connecting flows are not established. Components and totals may overlap.

YMM revenue flowFiled amounts. Only explicit calculation relationships connect amounts; dimensional membership alone does not establish an additive flow.Revenue$1.79BCost of revenue$660.48MOperating income$592.90MOther income, net$15.62MResearch & development$125.04MPre-tax income$770.51MIncome tax$132.87MNet income$637.64M

Finer product or service dollar figures and nonoverlapping groupings are shown only where supported by the retained filing evidence. Growth percentages are never converted to revenue dollars.

Historical revenue and expense breakdown

Revenue and expense 12 month

Period endRevenue including taxCost of revenueResearch and developmentIncome tax
2025-12-31$1.79B$660.48M$125.04M$132.87M
2024-12-31$1.54B$698.77M$120.56M$32.80M
2023-12-31$1.19B$580.15M$133.33M$15.04M
2022-12-31$976.29M$509.56M$132.54M$13.92M
2021-12-31$730.79M$398.58M$114.50M$2.23M