Full Truck Alliance Co Ltd ADR
NYSE: YMM · TECHNOLOGY · SOFTWARE - APPLICATION
Updated 2026-06-05
Full Truck Alliance Co Ltd ADR (YMM) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Total assets | $16.96B | $25.13B | $34.40B | $36.70B | $39.35B | $41.29B | $44.35B |
| Cash & equivalents | $3.98B | $10.06B | $4.28B | $5.14B | $6.77B | $5.81B | $6.14B |
| Current assets | $12.50B | $20.68B | $28.90B | $31.00B | $24.00B | $27.26B | $23.07B |
| Total liabilities | $2.40B | $2.08B | $2.87B | $2.89B | $3.45B | $3.15B | $3.05B |
| Current liabilities | $2.28B | $1.96B | $2.73B | $2.73B | $3.27B | $3.02B | $2.85B |
| Long-term debt | — | — | — | — | — | — | — |
| Shareholder equity | $14.55B | $23.05B | $31.46B | $33.66B | $35.60B | $37.68B | $40.06B |
| Retained earnings | $-9.90B | $-13.37B | $-17.02B | $-16.61B | $-14.40B | $-11.37B | $-7.02B |
| Accounts receivable | $89.34M | $149.97M | $170.83M | $4.58B | $5.23B | $6.12B | $4.93B |
| Inventory | $193.36M | $107.36M | $65.82M | $83.76M | $406.93M | $-110.97M | — |
| Goodwill | $2.78B | $2.87B | $3.12B | $3.12B | $3.12B | $3.12B | $4.03B |
Frequently asked questions
What is Full Truck Alliance Co Ltd ADR's revenue?
Full Truck Alliance Co Ltd ADR's trailing twelve-month revenue is $12.64B. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is YMM?
In its most recent fiscal year, YMM ran a gross margin of 63.02%, an operating margin of 33.20%, and a net margin of 35.29%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does YMM generate?
YMM produced $4.50B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is YMM's balance sheet healthy?
YMM holds $6.14B in cash and equivalents against — in long-term debt, on $40.06B of shareholder equity. That debt is best read against the cash flow the business throws off each year.