Inline quarter amid sharp year-over-year decline. Full Truck Alliance reported Q4 2025 adjusted EPS of $0.14, matching the prior quarter’s $0.14 but down 85.9% from $0.99 a year ago. Revenue of $456.5 million collapsed 85.6% year-over-year from $3.17 billion in Q4 2024, marking a dramatic contraction for the Chinese freight platform. Net income totaled $142.2 million on operating income of $147 million, though cost of revenue reached $1.39 billion. Shares traded flat at $9.27 on volume of 10.1 million, near the 52-week low of $8.71.
Trajectory shows sustained deterioration. The Q4 result caps a year of declining performance across both earnings and revenue. EPS peaked at $1.32 in Q1 2025, then fell to $1.27 in Q2, $0.93 in Q3, and $0.14 in Q4 — an 89% sequential decline from the year’s high. Revenue followed a similar pattern, dropping from $3.36 billion in Q3 2025 to $456.5 million in Q4, an 86% quarter-over-quarter contraction. The company delivered beats in Q1 and Q2 2025, missed in Q3, and came in inline for Q4. The magnitude of the year-over-year declines — revenue down $2.72 billion and EPS down $0.85 — signals fundamental business disruption rather than seasonal variation.
This article was generated using AlphaStreet’s proprietary financial analysis technology and reviewed by our editorial team.
The post Full Truck Alliance (YMM) Q4 Revenue Crashes 85.6% to $456.5M Despite Meeting EPS Estimates first appeared on Alphastreet.
