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20-F

Annual Report (Foreign)

Full Truck Alliance Co. Ltd. YMM

0001193125-26-153778

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Filed
Apr 14, 2026 12:00 AM ET
Period of report

On SEC.gov

Financials in this filing

Metric Period Value
Shares Diluted FY 2025 · Dec 31, 2025 20.93B sh
Shares Diluted FY 2025 · Dec 31, 2024 20.9B sh
Shares Diluted FY 2025 · Dec 31, 2023 21.16B sh
Stock Repurchased FY 2025 · Dec 31, 2025 $5.03M
Stock Repurchased FY 2025 · Dec 31, 2025 ¥35.17M
Stock Repurchased FY 2025 · Dec 31, 2024 ¥0
Stock Repurchased FY 2025 · Dec 31, 2023 ¥179.78M
Dividends Paid FY 2025 · Dec 31, 2025 $203.79M
Dividends Paid FY 2025 · Dec 31, 2025 ¥1.43B
Dividends Paid FY 2025 · Dec 31, 2024 ¥1.06B
Dividends Paid FY 2025 · Dec 31, 2023 ¥0
Capex FY 2025 · Dec 31, 2025 $18.55M
Capex FY 2025 · Dec 31, 2025 ¥129.71M
Capex FY 2025 · Dec 31, 2024 ¥74.97M
Capex FY 2025 · Dec 31, 2023 ¥100.34M
Operating Cash Flow FY 2025 · Dec 31, 2025 $661.64M
Operating Cash Flow FY 2025 · Dec 31, 2025 ¥4.63B
Operating Cash Flow FY 2025 · Dec 31, 2024 ¥2.97B
Operating Cash Flow FY 2025 · Dec 31, 2023 ¥2.27B
Short Term Investments FY 2025 · Dec 31, 2025 $1.58B
Short Term Investments FY 2025 · Dec 31, 2025 ¥11.05B
Short Term Investments FY 2025 · Dec 31, 2024 ¥15B
Cash And Equivalents FY 2025 · Dec 31, 2025 $867.45M
Cash And Equivalents FY 2025 · Dec 31, 2025 ¥6.07B
Cash And Equivalents FY 2025 · Dec 31, 2024 ¥5.81B
Cash And Equivalents FY 2025 · Dec 31, 2023 ¥6.77B
Current Liabilities FY 2025 · Dec 31, 2025 $407.69M
Current Liabilities FY 2025 · Dec 31, 2025 ¥2.85B
Current Liabilities FY 2025 · Dec 31, 2024 ¥3.02B
Total Liabilities FY 2025 · Dec 31, 2025 $436.2M
Total Liabilities FY 2025 · Dec 31, 2025 ¥3.05B
Total Liabilities FY 2025 · Dec 31, 2024 ¥3.15B
Current Assets FY 2025 · Dec 31, 2025 $3.3B
Current Assets FY 2025 · Dec 31, 2025 ¥23.05B
Current Assets FY 2025 · Dec 31, 2024 ¥27.26B
Total Assets FY 2025 · Dec 31, 2025 $6.34B
Total Assets FY 2025 · Dec 31, 2025 ¥44.32B
Total Assets FY 2025 · Dec 31, 2024 ¥41.29B
Eps Diluted FY 2025 · Dec 31, 2025 $0.03
Eps Diluted FY 2025 · Dec 31, 2025 ¥0.21
Eps Diluted FY 2025 · Dec 31, 2024 ¥0.15
Eps Diluted FY 2025 · Dec 31, 2023 ¥0.10
Eps Basic FY 2025 · Dec 31, 2025 $0.03
Eps Basic FY 2025 · Dec 31, 2025 ¥0.21
Eps Basic FY 2025 · Dec 31, 2024 ¥0.15
Eps Basic FY 2025 · Dec 31, 2023 ¥0.10
Sga Expense FY 2025 · Dec 31, 2025 $101.5M
Sga Expense FY 2025 · Dec 31, 2025 ¥709.78M
Sga Expense FY 2025 · Dec 31, 2024 ¥913.76M
Sga Expense FY 2025 · Dec 31, 2023 ¥937.68M
Rd Expense FY 2025 · Dec 31, 2025 $125.04M
Rd Expense FY 2025 · Dec 31, 2025 ¥874.44M
Rd Expense FY 2025 · Dec 31, 2024 ¥880.02M
Rd Expense FY 2025 · Dec 31, 2023 ¥946.64M
Net Income FY 2025 · Dec 31, 2025 ¥4.46B
Net Income FY 2025 · Dec 31, 2024 ¥3.12B
Net Income FY 2025 · Dec 31, 2023 ¥2.23B
Operating Income FY 2025 · Dec 31, 2025 $592.9M
Operating Income FY 2025 · Dec 31, 2025 ¥4.15B
Operating Income FY 2025 · Dec 31, 2024 ¥2.47B
Operating Income FY 2025 · Dec 31, 2023 ¥997.43M
Cost Of Revenue FY 2025 · Dec 31, 2025 $660.48M
Cost Of Revenue FY 2025 · Dec 31, 2025 ¥4.62B
Cost Of Revenue FY 2025 · Dec 31, 2024 ¥5.1B
Cost Of Revenue FY 2025 · Dec 31, 2023 ¥4.12B
Revenue FY 2025 · Dec 31, 2025 $1.79B
Revenue FY 2025 · Dec 31, 2025 ¥12.49B
Revenue FY 2025 · Dec 31, 2024 ¥11.24B
Revenue FY 2025 · Dec 31, 2023 ¥8.44B