Full Truck Alliance operates digital freight platforms in China that match shippers with truck capacity, often compared to a marketplace model for road logistics. Its apps connect cargo owners with individual drivers and fleets for full-truckload and related services, supported by digital tools for listing, matching and transactions. The business targets China’s vast over-the-road trucking market with a two-sided network approach.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q1 2025 | 2,699.9 | — | 1,268.6 | 64.6% |
| Q2 2025 | 3,239.1 | — | 1,244.5 | 29.1% |
| Q3 2025 | 3,358.2 | — | 907.3 | -25.9% |
| Q4 2025 | 3,192.6 | — | 987.8 | -4.6% |
| Q1 2026 | 2,848.4 | 5.5% | 990.9 | -21.9% |
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