Full Truck Alliance Co. Ltd. (YMM)
As-reported financials and SEC filings for Full Truck Alliance Co. Ltd. The latest annual period is FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.
About Full Truck Alliance Co. Ltd.
Full Truck Alliance Co. Ltd. operates a digital freight platform in China that connects shippers with truckers to facilitate shipments of various distances, cargo weights, and types. The company provides freight listing, brokerage, and transaction services through its apps, serving millions of shippers and truckers. It also offers value-added services including insurance brokerage and targets efficiency improvements in road transportation logistics.
Snapshot
Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
What changed at Full Truck Alliance
- Revenue grew 16.0% to $1.8B in FY2025, slower than the 29.6% the year before.
- Operating margin turned positive at 33.2% in FY2025, from a 81.5% operating loss in FY2021.
- Free cash flow was $643M in FY2025, 36.0% of revenue.
- Net income rose 49.0% to $638M in FY2025.
Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.
Peer comparison
Where Full Truck Alliance’s fundamentals sit among the 332 software companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).
Full Truck Alliance’s operating margin of 33.2% ranks in the 96th percentile of the 303 software companies reporting it. Full Truck Alliance’s FCF margin of 36.0% ranks in the 95th percentile of the 285 software companies reporting it. Full Truck Alliance’s net margin of 35.7% ranks in the 94th percentile of the 307 software companies reporting it.
No reported insider transactions (codes P/S) in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →
Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.
Institutional ownership
Held by 1 of the superinvestors we track (plus 3 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).
| Investor | As of | Position value | Shares | Change |
|---|---|---|---|---|
| D. E. Shawquant | Q2 2026 | $43.1M | 5.3M | Reduced |
| Sands Capital Management | Q2 2026 | $34.9M | 4.3M | Reduced |
| Renaissance Technologiesquant | Q2 2026 | $7.0M | 863.8K | Reduced |
| Citadel Advisorsquant | Q2 2026 | $6.0M | 735.0K | Reduced |
No longer held by: Millennium Management (as of Q2 2026)
From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.
Short interest
Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 2026-08-14 | 19.9M | -1.0% | 3.45 |
| 2026-07-31 | 20.1M | +6.9% | 3.00 |
| 2026-07-15 | 18.9M | -16.1% | 2.84 |
| 2026-06-30 | 22.5M | -11.2% | 3.27 |
| 2026-06-15 | 25.3M | +43.3% | 3.50 |
| 2026-05-29 | 17.7M | +12.0% | 1.00 |
| 2026-05-15 | 15.8M | -0.6% | 2.43 |
| 2026-04-30 | 15.9M | -12.3% | 2.90 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.
Income statement (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $1.79B | $1.54B | $1.19B | $976.3M | $730.8M |
| Gross profit | $1.13B | $840.9M | $608.1M | $466.7M | $332.2M |
| Operating income | $592.9M | $339.1M | $140.5M | $-23.5M | $-595.7M |
| Net income | $637.6M | $427.9M | $313.7M | $59.7M | $-573.5M |
| Diluted EPS | $0.03 | $0.02 | $0.01 | $0.00 | — |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Balance sheet (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | $867.4M | $796.0M | $953.7M | $744.8M | $672.3M |
| Current assets | $3.30B | $3.73B | $3.38B | $4.50B | $4.53B |
| Total assets | $6.34B | $5.66B | $5.54B | $5.32B | $5.40B |
| Current liabilities | $407.7M | $413.7M | $461.2M | $396.1M | $429.0M |
| Long-term debt | — | — | — | — | — |
| Total liabilities | $436.2M | $431.8M | $486.3M | $418.9M | $450.3M |
| Total equity | $5.79B | $5.16B | $5.02B | $4.88B | $4.95B |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Cash flow (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Operating cash flow | $661.6M | $406.9M | $319.7M | $-2.2M | $-33.2M |
| Capital expenditure | $18.5M | $10.3M | $14.1M | $12.4M | $6.8M |
| Free cash flow | $643.1M | $396.6M | $305.5M | $-14.7M | $-40.0M |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Company facts
Selected SEC filings
Largest software peers
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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.