Full Truck Alliance (YMM) Cost of Revenue (2020 - 2025)

Full Truck Alliance's Cost of Revenue history runs 6 years deep, the most recent figure standing at $71.1 million for Q4 2025.

• In Q4 2025, Cost of Revenue rose 10.0% year-over-year to $71.1 million; the TTM figure through Dec 2025 stood at $245.4 million (up 10.65% YoY), while the FY2025 annual figure was $249.9 million, down 64.23% from the prior year.
• Cost of Revenue came in at $71.1 million for Q4 2025 at Full Truck Alliance, up from $61.6 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $71.1 million in Q4 2025 to a low of $26.3 million in Q1 2021.
• A 5-year average of $45.2 million and a median of $40.3 million in 2022 frame the typical range for Cost of Revenue.
• Across the five-year window, Cost of Revenue soared 263.61% in 2021 and fell 20.15% in 2022, its largest moves.
• Full Truck Alliance's Cost of Revenue stood at $37.6 million in 2021, then rose by 8.48% to $40.8 million in 2022, then jumped by 45.46% to $59.3 million in 2023, then climbed by 9.02% to $64.6 million in 2024, then advanced by 10.0% to $71.1 million in 2025.
• According to Business Quant data, Cost of Revenue over the past three periods registered $71.1 million, $61.6 million, and $60.6 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

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