Earnings collapse 85.9% year-over-year. Full Truck Alliance Co. Ltd (NYSE: YMM) reported adjusted EPS of $0.14 for Q4 2025, down sharply from $0.99 in the year-ago quarter. The company posted net income of $142.2 million on revenue of $456.5 million. No consensus estimates were available for comparison. The dramatic earnings decline marks a stark reversal from the prior three quarters, which delivered consistent profitability with EPS ranging from $0.93 to $1.32.
Revenue plunges 85.6% from year-ago. Q4 2025 revenue of $456.5 million fell from $3.17 billion in Q4 2024, a decline of 85.6%. The sequential comparison shows revenue flat at $456.5 million versus Q3 2025’s $456.5 million. The magnitude of the year-over-year revenue contraction—from $3.2 billion to $456 million—suggests a fundamental business model shift, potential divestiture, or accounting restatement rather than organic decline. Operating income of $147 million against cost of revenue of $1.39 billion indicates the company maintained positive operating leverage despite the revenue collapse.
Stock trades near 52-week low. Shares closed at $9.27, just 6% above the 52-week low of $8.71 and 34% below the 52-week high of $14.07. Trading volume reached 10.1 million shares. The company held its earnings call at 8:00 AM ET today, where management commentary on the revenue decline will be critical for investor confidence.
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 Plummets 85.6% to $456.5M as EPS Falls 85.9% to $0.14 first appeared on Alphastreet.
