Full Truck Alliance Co. Ltd. Sponsored ADR
YMM Technology Software Application
Full Truck Alliance Co. Ltd. Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $1.8 billion, up 16.0% from fiscal 2024.
- Revenue
- +10.2%
- EPS
- +11.8%
- Free cash flow
- +10,172.8%
Quarter to June 2026, against a year earlier
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Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) Gross margin
Full Truck Alliance Co. Ltd. Sponsored ADR's gross margin over the twelve months to 30 June 2026 was 65.8%, up 2.8 percentage points from fiscal 2025 (63.0%). Over the past ten years it has ranged from 43.8% (fiscal 2019) to 63.0% (fiscal 2025) — the current reading is the highest in ten years. That is in line with the Software Application industry median of 66.9% and above the Technology sector median of 46.9%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 63.0% | 8.40 |
| FY2024 | 54.6% | 3.45 |
| FY2023 | 51.2% | 3.36 |
| FY2022 | 47.8% | 2.35 |
| FY2021 | 45.5% | (3.55) |
| FY2020 | 49.0% | 5.21 |
| FY2019 | 43.8% | — |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 72.6% | (0.06) |
| Mar 2026 | 72.7% | 6.52 |
| Dec 2025 | 66.2% | 13.96 |
| Sep 2025 | 52.2% | (9.57) |
| 23 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| IDCC InterDigital, Inc. compare | 100.0% |
| ESTC Elastic N.V. compare | 75.5% |
| DUOL Duolingo, Inc. compare | 72.8% |
| TTAN ServiceTitan Inc. compare | 71.1% |
| PCTY Paylocity Holding Corporation compare | 69.2% |
| YOU CLEAR Secure, Inc. compare | 67.5% |
| YMM Full Truck Alliance Co. Ltd. Sponsored ADR | 65.8% |
| APPF AppFolio, Inc. compare | 63.8% |
| QNT Quantinuum Inc. compare | — |
| Software Application industry median | 66.9% |
| Technology sector median | 46.9% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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