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Full Truck Alliance Co Ltd ADR (YMM) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

TECHNOLOGY · SOFTWARE - APPLICATION · DATA UPDATED 2026-09-12

Full Truck Alliance Co Ltd ADR (YMM) operates in the SOFTWARE - APPLICATION industry and is headquartered in Guiyang, China with about 8,251 employees. Its market capitalization is roughly $9 billion. In the fiscal year ended 2025-12-31, YMM reported CNY 12.5B in revenue and CNY 4.4B in net income.

Full Truck Alliance Co. Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China and Hong Kong.

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YMM Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Total RevenueCNY 12.7BCNY 12.5BCNY 11.2BCNY 8.4BCNY 6.7BCNY 4.7BCNY 2.6BCNY 2.5B
Gross ProfitCNY 8.4BCNY 7.9BCNY 6.1BCNY 7.2BCNY 3.2BCNY 2.1BCNY 1.3BCNY 1.1B
Gross Margin %66.0%63.0%54.6%85.4%47.8%45.5%49.0%43.8%
Operating Income (EBIT)CNY 4.3BCNY 4.1BCNY 2.5BCNY 997M(CNY 162M)(CNY 3.8B)(CNY 3.6B)(CNY 1.0B)
Operating Margin %33.6%33.2%22.0%11.8%-2.4%-81.5%-140.1%-41.3%
Net IncomeCNY 4.2BCNY 4.4BCNY 3.1BCNY 2.2BCNY 407M(CNY 3.7B)(CNY 3.5B)(CNY 1.5B)
Net Margin %33.0%35.3%27.3%26.2%6.0%-78.5%-134.5%-61.6%
EBITDACNY 4.7BCNY 4.2BCNY 2.6BCNY 2.4B(CNY 74M)(CNY 3.6B)(CNY 3.4B)(CNY 1.4B)
Earnings Per Share (EPS)CNY 4.02CNY 4.21CNY 2.94CNY 2.09CNY 0.38CNY -3.35CNY -3.16CNY -1.39
Shares Outstanding (M)1,041M1,046M1,045M1,058M1,079M1,091M1,098M1,098M

CNY; CNYM / CNYB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

YMM Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total RevenueCNY 3.4BCNY 2.8BCNY 3.1BCNY 3.4BCNY 3.2BCNY 2.7BCNY 3.2BCNY 3.0B
Gross ProfitCNY 2.5BCNY 2.1BCNY 2.1BCNY 1.8BCNY 2.0BCNY 2.0BCNY 3.0BCNY 1.7B
Gross Margin %73.3%72.7%67.0%52.2%61.8%74.1%94.1%55.0%
Operating Income (EBIT)CNY 1.5BCNY 1.0BCNY 1.0BCNY 776MCNY 1.1BCNY 1.2BCNY 835MCNY 762M
Operating Margin %43.9%35.3%32.1%23.1%35.2%44.5%26.3%25.1%
Net IncomeCNY 1.3BCNY 991MCNY 974MCNY 907MCNY 1.2BCNY 1.3BCNY 558MCNY 1.1B
Net Margin %39.3%34.8%30.9%27.0%38.4%47.0%17.6%36.5%
EBITDACNY 1.5BCNY 1.0BCNY 1.0BCNY 1.2BCNY 1.1BCNY 1.2BCNY 854MCNY 781M
Earnings Per Share (EPS)CNY 1.27CNY 0.95CNY 0.93CNY 0.87CNY 1.20CNY 1.21CNY 0.53CNY 1.06
Shares Outstanding (M)1,041M1,044M1,045M1,046M1,041M1,048M1,046M1,044M

CNY; CNYM / CNYB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

YMM Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Cash from Operations (CFO)—CNY 4.6BCNY 3.0BCNY 2.3B(CNY 16M)(CNY 211M)CNY 575M(CNY 924M)
Capital Expenditures (CapEx)CNY 68MCNY 130MCNY 75MCNY 100MCNY 86MCNY 43MCNY 53MCNY 10M
Free Cash Flow (FCF)—CNY 4.5BCNY 2.9BCNY 2.2B(CNY 101M)(CNY 255M)CNY 522M(CNY 934M)
FCF Margin %—36.0%25.8%25.7%-1.5%-5.5%20.2%-37.8%
Dividends Paid—CNY 1.4BCNY 1.1BCNY 0MCNY 0M———

CNY; CNYM / CNYB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

YMM Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-06-302025-03-312024-12-31
Cash from Operations (CFO)CNY 2.1BCNY 1.6BCNY 1.3BCNY 326MCNY 3.0B
Capital Expenditures (CapEx)CNY 0MCNY 68MCNY 0MCNY 0MCNY 0M
Free Cash Flow (FCF)CNY 2.1BCNY 1.5BCNY 1.3BCNY 326MCNY 3.0B
FCF Margin %63.8%52.4%40.6%12.1%93.6%

CNY; CNYM / CNYB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

YMM Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Total AssetsCNY 45.6BCNY 44.4BCNY 41.3BCNY 39.3BCNY 36.7BCNY 34.4BCNY 25.1BCNY 17.0B
Cash & Cash EquivalentsCNY 6.9BCNY 6.1BCNY 5.8BCNY 6.8BCNY 5.1BCNY 4.3BCNY 10.1BCNY 4.0B
Total LiabilitiesCNY 3.8BCNY 3.1BCNY 3.2BCNY 3.5BCNY 2.9BCNY 2.9BCNY 2.1BCNY 2.4B
Total Debt (Short + Long-Term)CNY 19MCNY 34MCNY 41MCNY 38MCNY 45MCNY 9MCNY 0MCNY 500M
Total Shareholders' EquityCNY 40.4BCNY 40.1BCNY 37.7BCNY 35.6BCNY 33.7BCNY 31.5BCNY 23.1BCNY 14.6B

CNY; CNYM / CNYB as marked (reporting currency). Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive YMM viewer.

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