Full Truck Alliance Reports Strong Q1 2025 Growth

Full Truck Alliance Co. Ltd. ( (YMM) ) has released its Q1 earnings. Here is a breakdown of the information Full Truck Alliance Co. Ltd. presented to its investors.

Full Truck Alliance Co. Ltd. is a leading digital freight platform that connects shippers with truckers to facilitate shipments across various distances, cargo weights, and types, primarily operating in China’s logistics industry.

In its first quarter of 2025, Full Truck Alliance Co. Ltd. reported a significant increase in financial performance, with total net revenues reaching RMB2,699.9 million, marking a 19.0% year-over-year growth. The company also achieved a notable rise in net income, which increased by 118.1% compared to the same period in the previous year.

Key financial metrics for the first quarter of 2025 include a net income of RMB1,278.9 million and a non-GAAP adjusted net income of RMB1,391.4 million. The company saw a 22.6% increase in fulfilled orders and a 28.8% rise in average shipper MAUs. Revenue from core transaction services surged by 51.5%, contributing significantly to the overall revenue growth.

The company continues to focus on enhancing operational efficiency and reducing logistics costs through digitalization and smart technologies. It plans to invest further in AI-driven innovations and ecosystem collaborations to maintain its growth trajectory and deliver long-term returns for shareholders.

Looking ahead, Full Truck Alliance Co. Ltd. anticipates continued growth in the second quarter of 2025, with expected net revenues ranging between RMB3.06 billion and RMB3.12 billion, reflecting a year-over-year growth rate of approximately 10.6% to 12.9%.