Full Truck Alliance Co. Ltd. (YMM) stock

YMMNYSEServices-Prepackaged SoftwareFiscal year ends December 31

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 14, 2026Score 11/30

$8.49−0.27 (-3.08%)

Close on Nov 12, 2026Market cap $8.85BP/E 13.5Yield –

Full Truck Alliance r&d expenses

Research and development expenses are spending on new products and technology.

For fiscal 2025 it was CN¥874.44M, down 0.6% from the year before. The highest annual figure on record is CN¥946.64M in fiscal 2023.

Period	Period end	Value	Change
FY2025	Dec 31, 2025	CN¥874.44M	-0.6%
FY2024	Dec 31, 2024	CN¥880.02M	-7.0%
FY2023	Dec 31, 2023	CN¥946.64M	+3.6%
FY2022	Dec 31, 2022	CN¥914.15M	+25.3%
FY2021	Dec 31, 2021	CN¥729.67M	+76.5%
FY2020	Dec 31, 2020	CN¥413.37M	+4.2%
FY2019	Dec 31, 2019	CN¥396.69M	–

Parsed from the XBRL in Full Truck Alliance's annual and quarterly filings with the SEC
Fourth quarters derived from the annual report minus nine months
Every figure in the statements links to its source filing