Stocks Technology YMM
NYSE · TechnologyFull Truck Alliance Co. Ltd. (YMM)
Full Truck Alliance Co. Ltd. reported revenue of $1.8B in fiscal 2025, up 16.0% from a year earlier. Net income was $630.4M, a net margin of 35.3%. Operating cash flow minus capital spending left $643.1M of free cash flow in fiscal 2025. At December 31, 2025 it held $867.4M in cash. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on April 14, 2026.
Key facts about Full Truck Alliance Co. Ltd.
- Net worth
- Full Truck Alliance Co. Ltd. has a market value (market cap) of $9.2B at the latest share price, and shareholders' equity of $5.8B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $1.8B (+16.0% year on year), with net income of $630.4M.
- Cash flow
- In fiscal 2025 operations brought in $661.6M of cash; after $18.5M of capital spending, free cash flow was $643.1M.
- Latest report
- The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on April 14, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
What Full Truck Alliance Co. Ltd. does
Full Truck Alliance Co. Ltd. is registered with the SEC under industry code SIC 7372 (Services-Prepackaged Software). Its shares trade on NYSE under the ticker YMM.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1.8B | $630.4M | $0.03 | $643.1M |
| 2024 | $1.5B | $420.6M | $0.02 | $396.6M |
| 2023 | $1.2B | $311.7M | $0.01 | $305.5M |
| 2022 | $976.3M | $59M | $0.00 | -$14.7M |
| 2021 | $730.8M | -$654.8M | -$0.05 | -$40M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where YMM ranks in Technology
Dividends
It paid out $203.8M in cash dividends, 32% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | $203.8M | 32% |
| 2024 | n/a | $145.8M | 35% |
Latest SEC filings
What Full Truck Alliance Co. Ltd. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- August 19, 2026
- May 21, 2026
- May 13, 2026Passive stake changed SCHEDULE 13G/A
- April 14, 2026Annual report (foreign issuer) 20-F · period to December 31, 2025Revenue rose 16% to $1.8B versus the prior year; diluted EPS $0.03 versus $0.02.
- March 12, 2026
- February 17, 2026Passive stake changed SCHEDULE 13G/A
- January 20, 2026
- November 17, 2025
- November 14, 2025Passive stake changed SCHEDULE 13G/A
- November 14, 2025Passive stake changed SCHEDULE 13G/A
Insider trades
What the people running Full Truck Alliance Co. Ltd. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 1 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 1, 2026 | Li XinzheDirector | Received as pay | 23,641 | - |
Who owns YMM
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| First Beijing Investment Ltd13G, passive | 9.6% | May 13, 2026 |
| SB Investment Advisers (UK) Limited13G, passive with 4 related filers | 7.4% | November 14, 2025 |
| FIL Limited13G, passive with 2 related filers | 6.8% | November 5, 2025 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 247 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| First Beijing Investment Ltd | 91,790,875 | +1,789,980 |
| Invesco Ltd. | 62,128,513 | +2,067,672 |
| FIL Ltd | 60,524,375 | -2,687,196 |
| Greenwoods Asset Management Hong Kong Ltd. | 39,452,419 | -1,505,100 |
| BlackRock, Inc. | 32,143,971 | +31,145,847 |
| Krane Funds Advisors LLC | 28,352,796 | -248,133 |
| Davis Selected Advisers | 27,639,082 | -1,124,109 |
| Vanguard Capital Management LLC | 23,530,788 | -359,254 |
| Jpmorgan Chase & Co | 23,155,263 | +1,081,406 |
| Mitsubishi UFJ Trust & Banking Corp | 22,471,443 | +3,160,527 |
| All-Stars Investment Ltd | 21,947,164 | -148,000 |
| Alpine Investment Management Ltd | 17,210,388 | +6,160,388 |
| Schroder Investment Management Group | 13,781,521 | -20,983,953 |
| SC US (ttgp), Ltd. | 13,057,904 | 0 |
| North of South Capital LLP | 12,936,046 | +1,817,923 |
| Morgan Stanley | 10,736,456 | +1,223,819 |
| OLP CAPITAL MANAGEMENT Ltd | 10,716,590 | -16,818,948 |
| Goldman Sachs Group Inc | 10,502,067 | +2,925,202 |
| Brilliance Asset Management Ltd | 10,127,735 | +3,605,355 |
| Alkeon Capital Management LLC | 9,398,535 | +500,000 |
Insiders
1 insiders reported holding 23,641 shares in total, about $209K at the last price.
| Holder | Shares |
|---|---|
| Li XinzheDirector | 23,641 |
Questions about YMM
What does Full Truck Alliance Co. Ltd. do?
Full Truck Alliance Co. Ltd. is a company in the Technology sector, listed on NYSE as YMM. Its shares trade on NYSE under the ticker YMM.
What is Full Truck Alliance Co. Ltd.'s net worth?
Full Truck Alliance Co. Ltd. has a market value (market cap) of $9.2B at the latest share price, and shareholders' equity of $5.8B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Full Truck Alliance Co. Ltd. profitable?
Yes. In fiscal 2025 it reported net income of $630.4M on revenue of $1.8B, a net margin of 35.3%.
How much revenue does Full Truck Alliance Co. Ltd. make?
In fiscal 2025 Full Truck Alliance Co. Ltd. reported revenue of $1.8B. That is 16.0% more than a year earlier.
When did Full Truck Alliance Co. Ltd. last report?
Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on April 14, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the insider trade from November 2, 2026.
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Where the numbers come from
Financial figures are the values Full Truck Alliance Co. Ltd. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.