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Income Statement (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 3.03B | 9.7% |
| Gross Profit | 1.67B | 14.8% |
| Cost of Revenue | 1.36B | 4% |
| Operating expense | 905M | 9.5% |
| Net Income | 1.11B | 34.5% |
| EBITDA | 762M | 34.8% |
Balance Sheet (NONE)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 40.6B | 2.6% |
| Total Liabilities | 3.79B | 8.1% |
| Total Equity | 36.4B | 1.9% |
| Shares Outstanding | 1.04B | 0.1% |
Cash Flow (NONE)
| Q3 '24 | QoQ |
|---|
Financial Highlights for Full Truck Alliance in Q3 '24
Full Truck Alliance reported a revenue of 3.03B, which is a 9.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.67B, marking a 14.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.36B, a 4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 905M, showing a -9.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 1.11B, showing a 34.5% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 762M, showing a 34.8% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Full Truck Alliance with growth in revenue, gross profit, and net income.
