Full Truck Alliance Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	6,750	6,136	5,911	6,886	5,221	4,350
Short-Term Investments	11,794	11,048	15,003	11,516	21,087	21,635
Cash & Short-Term Investments	18,544	17,185	20,914	18,403	26,308	25,985
Cash Growth	-8.61%	-17.83%	13.64%	-30.05%	1.24%	37.65%
Accounts Receivable	110.23	75.13	19.64	23.42	13.02	36.21
Other Receivables	4,269	4,851	4,200	3,521	2,648	1,778
Total Trade Receivables	4,379	4,926	4,219	3,544	2,661	1,814
Other Current Assets	952.93	940.55	2,123	2,050	2,034	1,100
Total Current Assets	23,876	23,052	27,256	23,997	31,004	28,898
Net Property, Plant & Equipment	603.7	549.71	405.27	329.44	240.82	102.16
Other Intangible Assets	732.81	757.41	393.48	449.9	502.42	557.02
Goodwill	4,025	4,025	3,125	3,125	3,125	3,125
Long-Term Investments	14,661	15,312	9,876	11,076	1,774	1,678
Other Long-Term Assets	910.03	626.06	231.41	370.75	49.92	37.84
Total Assets	44,809	44,322	41,287	39,348	36,696	34,398
Accounts Payable	70.33	67.42	31.23	25.22	150.11	209.24
Accrued Expenses	1,129	1,211	1,142	1,723	1,301	1,206
Short-Term Debt	-	-	-	-	-	9
Current Portion of Leases	24.56	33.85	41.2	37.76	44.59	-
Unearned Revenue	578.11	637.49	571.19	548.92	462.08	383.24
Other Current Liabilities	1,644	900.99	1,235	939.53	773.83	926.13
Total Current Liabilities	3,446	2,851	3,020	3,275	2,732	2,734
Long-Term Leases	1.1	1.49	23.93	46.71	35.93	-
Other Long-Term Liabilities	190.89	197.91	107.98	131.54	121.61	135.76
Total Long-Term Liabilities	191.99	199.39	131.91	178.25	157.54	135.76
Total Liabilities	3,638	3,050	3,152	3,453	2,889	2,870
Common Stock	1.34	1.35	1.34	1.37	1.38	1.42
Treasury Stock	-	-	-	-608.12	-	-
Additional Paid-in Capital	43,631	44,328	45,824	47,714	47,758	47,936
Accumulated Other Comprehensive Income	2,418	2,742	3,224	2,898	2,511	538.65
Retained Earnings	-6,122	-7,020	-11,372	-14,401	-16,613	-17,020
Total Common Shareholders' Equity	39,928	40,051	37,677	35,605	33,657	31,455
Minority Interest	1,243	1,220	458.45	290.22	149.77	73.44
Shareholders' Equity	41,171	41,272	38,135	35,895	33,807	31,529
Total Liabilities & Equity	44,809	44,322	41,287	39,348	36,696	34,398
Total Debt	25.66	35.33	65.13	84.47	80.52	9
Net Cash (Debt)	18,518	17,149	20,849	18,318	26,228	25,976
Net Cash Growth	-8.48%	-17.74%	13.81%	-30.16%	0.97%	37.60%
Net Cash Per Share	17.71	16.39	19.95	17.31	24.31	38.64
Book Value	39,928	40,051	37,677	35,605	33,657	31,455
Book Value Per Share	38.19	38.27	36.05	33.65	31.19	46.79
Tangible Book Value	35,170	35,268	34,158	32,030	30,030	27,774
Tangible Book Value Per Share	33.64	33.70	32.68	30.27	27.83	41.31

SEC Filings: 10-K · 10-Q