Company research
Full Truck Alliance Co. Ltd.
CIK 1838413Updated Sep 27, 2026
SecurityYMM · NYSE · adr
YMM price & chart
Loading TradingView…
NYSE:YMM on TradingView ↗Financials
FY 2025 · USDSource
Source
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 6,337,965,000Source | 5,656,307,000Source | 5,542,000,000Source | 5,320,464,000Source |
| Property, Plant and Equipment, NetUSD | 65,420,000Source | 39,677,000Source | 27,405,000Source | 15,778,000Source |
| GoodwillUSD | 575,627,000Source | 428,100,000Source | 440,123,000Source | 453,057,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 867,446,000Source | 796,014,000Source | 953,661,000Source | 744,840,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 10,744,000Source | 2,691,000Source | 3,298,000Source | 1,887,000Source |
| Assets, CurrentUSD | 3,296,359,000Source | 3,734,052,000Source | 3,379,904,000Source | 4,495,165,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 134,497,000Source | 290,836,000Source | 288,705,000Source | 294,964,000Source |
| Operating Lease, Right-of-Use AssetUSD | 13,187,000Source | 15,845,000Source | 18,996,000Source | 19,138,000Source |
| Other Assets, NoncurrentUSD | 49,551,000Source | 13,499,000Source | 29,813,000Source | 1,222,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 436,204,000Source | 431,810,000Source | 486,333,000Source | 418,909,000Source |
| Stockholders’ equity: | ||||
| Retained Earnings (Accumulated Deficit)USD | -1,003,881,000Source | -1,557,997,000Source | -2,028,283,000Source | -2,408,730,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 392,111,000Source | 441,679,000Source | 408,157,000Source | 364,085,000Source |
| Stockholders' Equity Attributable to ParentUSD | — | — | 5,016,593,000Source | 4,879,840,000Source |
| Additional Paid in Capital, Common StockUSD | 6,338,824,000Source | 6,277,824,000Source | 6,720,374,000Source | 6,924,285,000Source |
| Liabilities and EquityUSD | 6,337,965,000Source | 5,656,307,000Source | 5,542,000,000Source | 5,320,464,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 407,692,000Source | 413,738,000Source | 461,227,000Source | 396,067,000Source |
| Operating Lease, Liability, CurrentUSD | 4,840,000Source | 5,645,000Source | 5,318,000Source | 6,465,000Source |
| Accounts Payable, CurrentUSD | 5,398,000Source | 4,278,000Source | 3,552,000Source | 4,053,000Source |
| Operating Lease, Liability, NoncurrentUSD | 212,000Source | 3,278,000Source | 6,579,000Source | 5,210,000Source |
| Other Liabilities, NoncurrentUSD | 1,763,000Source | 1,701,000Source | 3,232,000Source | — |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetCNY | 185,578,000Source | 95,570,000Source | 108,591,000Source | 121,611,000Source |
| Short-term InvestmentsUSD | 1,579,887,000Source | 2,055,389,000Source | 1,622,037,000Source | 3,057,341,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 637,640,000Source | 427,910,000Source | 313,681,000Source | 59,720,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 14,302,000Source | 10,676,000Source | 10,527,000Source | 12,809,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 40,264,000Source | 68,040,000Source | 62,230,000Source | 133,279,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 7,577,000Source | -522,000Source | 1,415,000Source | -2,040,000Source |
| Deferred Income Tax Expense (Benefit)CNY | -174,675,000Source | 43,178,000Source | -120,611,000Source | -35,151,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 661,635,000Source | 406,908,000Source | 319,674,000Source | -2,248,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | -21,517,000Source | 0Source | 0Source | 11,104,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -388,578,000Source | -331,488,000Source | 77,993,000Source | 309,000,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 5,029,000Source | 0Source | 25,322,000Source | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -236,797,000Source | -208,204,000Source | -164,369,000Source | -192,857,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 203,791,000Source | 145,789,000Source | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 30,822,000Source | -129,537,000Source | 235,967,000Source | 124,320,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 881,787,000Source | 815,267,000Source | 971,339,000Source | 756,984,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | 25,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseCNY | 281,559,000Source | 496,639,000Source | 441,827,000Source | 919,255,000Source |
| Amortization of Intangible AssetsCNY | 79,546,000Source | 58,557,000Source | 58,290,000Source | 61,842,000Source |
| DepreciationCNY | 19,456,000Source | 18,358,000Source | 15,440,000Source | 25,826,000Source |
| Equity Method Investment, Other than Temporary ImpairmentCNY | — | — | — | 0Source |
| Equity Method Investment, Realized Gain (Loss) on DisposalCNY | 14,814,000Source | -2,861,000Source | — | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -2,480,000Source | 1,097,000Source | -303,000Source | 2,182,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | 16,611,000Source | -2,864,000Source | 1,822,000Source | -9,191,000Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | -79,000Source | -5,000Source | -113,000Source | 70,000Source |
| General and Administrative ExpenseUSD | 101,496,000Source | 125,185,000Source | 132,069,000Source | 205,581,000Source |
| GoodwillUSD | 575,627,000Source | 428,100,000Source | 440,123,000Source | 453,057,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | 59,720,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestCNY | — | — | — | 0Source |
| Income (Loss) from Equity Method InvestmentsUSD | -2,118,000Source | -392,000Source | -291,000Source | -181,000Source |
| Income Tax Expense (Benefit)USD | 132,868,000Source | 32,799,000Source | 15,043,000Source | 13,924,000Source |
| InterestExpenseNonoperatingCNY | — | 0Source | — | — |
| Net Income (Loss) Attributable to ParentCNY | 4,459,076,000Source | 3,123,437,000Source | 2,227,093,000Source | 411,900,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -3,926,000Source | -486,000Source | -176,000Source | 78,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 630,361,000Source | 420,568,000Source | 311,680,000Source | 58,975,000Source |
| Nonoperating Income (Expense)USD | 177,609,000Source | 121,639,000Source | 188,237,000Source | 97,132,000Source |
| Other Nonoperating Income (Expense)USD | 15,620,000Source | 17,557,000Source | 18,347,000Source | 33,438,000Source |
| Proceeds from Issuance of Redeemable Preferred StockUSD | 18,663,000Source | 2,697,000Source | 15,750,000Source | 10,322,000Source |
| Proceeds from Noncontrolling InterestsCNY | 0Source | 0Source | 845,000Source | 0Source |
| Proceeds from Stock Options ExercisedUSD | 0Source | 0Source | 0Source | 1,000Source |
| Provision for Loan, Lease, and Other LossesUSD | 63,684,000Source | 40,624,000Source | 33,043,000Source | — |
| Financing Receivable, Credit Loss, Expense (Reversal)CNY | 432,781,000Source | 296,528,000Source | 234,599,000Source | 194,272,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 1,786,026,000Source | 1,539,687,000Source | 1,188,210,000Source | 976,287,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cost of RevenueUSD | 660,479,000Source | 698,774,000Source | 580,151,000Source | 509,562,000Source |
| Operating Income (Loss)USD | 592,899,000Source | 339,070,000Source | 140,487,000Source | -23,488,000Source |
| Other Nonoperating Income (Expense)USD | 15,620,000Source | 17,557,000Source | 18,347,000Source | 33,438,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 770,508,000Source | 460,709,000Source | 328,724,000Source | 73,644,000Source |
| Income Tax Expense (Benefit)USD | 132,868,000Source | 32,799,000Source | 15,043,000Source | 13,924,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -3,926,000Source | -486,000Source | -176,000Source | 78,000Source |
| Net Income (Loss) Attributable to ParentCNY | 4,459,076,000Source | 3,123,437,000Source | 2,227,093,000Source | 411,900,000Source |
| Earnings Per Share, BasicUSD per share | 0.03Source | 0.02Source | 0.01Source | 0Source |
| Earnings Per Share, DilutedUSD per share | 0.03Source | 0.02Source | 0.01Source | 0Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 20,839,163,070Source | 20,822,835,545Source | 21,111,924,886Source | 21,517,856,981Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 20,928,172,684Source | 20,902,222,036Source | 21,162,351,461Source | 21,579,616,389Source |
| Interest Expense (non-operating)CNY | — | 0Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsCNY | 79,546,000Source | 58,557,000Source | 58,290,000Source | 61,842,000Source |
| Costs and ExpensesUSD | 1,200,628,000Source | 1,203,901,000Source | 1,053,130,000Source | 1,006,666,000Source |
| Current Income Tax Expense (Benefit)CNY | 1,103,832,000Source | 196,233,000Source | 227,415,000Source | 131,186,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -2,480,000Source | 1,097,000Source | -303,000Source | 2,182,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | 16,611,000Source | -2,864,000Source | 1,822,000Source | -9,191,000Source |
| General and Administrative ExpenseUSD | 101,496,000Source | 125,185,000Source | 132,069,000Source | 205,581,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticCNY | 4,610,828,000Source | 2,862,980,000Source | 1,760,139,000Source | 1,047,102,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | 59,720,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareCNY/shares | — | — | — | 0.02Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareCNY/shares | — | — | — | 0.02Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestCNY | — | — | — | 0Source |
| Income (Loss) from Equity Method InvestmentsUSD | -2,118,000Source | -392,000Source | -291,000Source | -181,000Source |
| Interest ExpenseCNY | — | — | 0Source | 25,000Source |
| Interest Income, OtherUSD | 136,432,000Source | 147,060,000Source | 160,828,000Source | 70,124,000Source |
| Investment Income, NetUSD | 13,544,000Source | 7,506,000Source | 7,834,000Source | 785,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 630,361,000Source | 420,568,000Source | 311,680,000Source | 58,975,000Source |
| Nonoperating Income (Expense)USD | 177,609,000Source | 121,639,000Source | 188,237,000Source | 97,132,000Source |
| Other Operating IncomeUSD | 7,501,000Source | 3,284,000Source | 5,407,000Source | 6,891,000Source |
| Research and Development ExpenseUSD | 125,043,000Source | 120,562,000Source | 133,331,000Source | 132,539,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 1,786,026,000Source | 1,539,687,000Source | 1,188,210,000Source | 976,287,000Source |
| Selling and Marketing ExpenseUSD | 249,926,000Source | 218,756,000Source | 174,536,000Source | 130,817,000Source |