Full Truck Alliance (FTAI) reported a 24% year-over-year increase in Q3 revenue, driven by expanded platform utilization and increased freight volume. The company also acquired Giga.AI, signaling a strategic pivot toward AI-powered logistics optimization to enhance efficiency and scalability in China's digital freight market.
- FTAI reported $518 million in Q3 2025 revenue, a 24% year-over-year increase
- Gross merchandise value rose 19% and active truckers grew 22% YoY
- Acquisition of Giga.AI to enhance AI-driven logistics optimization
- Strategic focus on route planning, load matching, and predictive pricing
- After-hours stock surge of 5.3% following earnings and M&A news
- AI integration expected to drive scalability and competitive differentiation
Full Truck Alliance (FTAI) delivered a robust financial performance in the third quarter of 2025, reporting revenue of $518 million, up 24% from the same period in 2024. This growth reflects continued traction in its digital freight platform, with a 19% increase in gross merchandise value and a 22% rise in active truckers on the network. The company maintained strong gross margins, indicating disciplined cost management and operational efficiency. The acquisition of Giga.AI, a China-based artificial intelligence firm specializing in supply chain optimization, underscores FTAI’s commitment to integrating advanced technologies into its logistics ecosystem. The deal, structured as an all-stock transaction, positions FTAI to develop proprietary AI tools for route planning, load matching, and predictive freight pricing—key levers for reducing idle time and increasing driver utilization. Analysts note that the combination of revenue momentum and strategic tech investment could accelerate FTAI’s path toward profitability. With AI-driven enhancements expected to roll out in 2026, the company aims to improve service quality and expand into new verticals such as cold-chain and intermodal freight. These developments come amid increasing competition in China’s digital logistics space, where players like CARS (CARS) are also investing in automation and data infrastructure. The market responded positively to the announcements, with FTAI shares rising 5.3% in after-hours trading. Investors are viewing the Giga.AI acquisition as a long-term differentiator, particularly in a sector where AI integration is becoming a key competitive advantage. The move also signals confidence in China’s tech-enabled logistics market, which is projected to grow at a compound annual rate of 15% through 2030.