Full Truck Alliance (YMM) Cost of Revenue (2021 - 2025)

Full Truck Alliance (YMM) has 5 years of Cost of Revenue data on file, last reported at $345.0 in Q4 2025.

• For the quarter ending Q4 2025, Cost of Revenue fell 16.06% year-over-year to $345.0; the trailing twelve-month figure through Dec 2025 stood at $1771.5 (up 14.46% YoY), and the FY2025 full-year result was $660.5 million, down 5.48% from the prior year.
• Cost of Revenue declined to $345.0 in Q4 2025, from $407.0 in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $27.9 million in Q1 2021 to a low of $0.0 in Q3 2021.
• A 5-year average of $1.4 million and a median of $355.0 in 2023 frame the typical range for Cost of Revenue.
• Across the five-year window, Cost of Revenue slumped 100.0% in 2022 and surged 150208.21% in 2023, its largest moves.
• Tracing YMM's Cost of Revenue over 5 years: stood at $223.35 in 2021, then gained by 17.75% to $263.0 in 2022, then soared by 38.78% to $365.0 in 2023, then increased by 12.6% to $411.0 in 2024, then decreased by 16.06% to $345.0 in 2025.
• Business Quant data shows YMM's Cost of Revenue at $345.0 in Q4 2025, $407.0 in Q3 2025, and $490.0 in Q2 2025.