Full Truck Alliance Co. Ltd. (YMM)

Full Truck Alliance Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	4,216	4,408	3,070	2,213	406.76	-3,654
Depreciation & Amortization	100.01	100.01	77.93	74.74	88.34	67.42
Loss (Gain) From Sale of Assets	0.55	0.55	0.04	0.8	-0.48	0.28
Loss (Gain) From Sale of Investments	-120.83	-120.83	375.89	-16.79	64.27	87.72
Loss (Gain) on Equity Investments	14.81	14.81	2.86	2.07	1.25	11.32
Stock-Based Compensation	281.56	281.56	496.64	441.83	919.26	3,629
Provision & Write-off of Bad Debts	-2.34	-2.34	-0.51	-0.77	4.61	1.59
Other Operating Activities	2,355	89.63	72.56	29.15	6.37	167.89
Change in Accounts Receivable	-52.99	-52.99	3.81	-10.04	14.07	18.8
Change in Accounts Payable	2.8	2.8	6.01	-2.73	-1.43	5.31
Change in Income Taxes	85.49	85.49	181.3	102.68	20.7	5.61
Change in Other Net Operating Assets	-450.67	-450.67	-1,656	-678.16	-1,698	-636.43
Operating Cash Flow	6,700	4,627	2,970	2,270	-15.52	-211.42
Operating Cash Flow Growth	-	55.78%	30.86%	-	-	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-129.71	-129.71	-74.97	-100.34	-85.69	-43.22
Sale of Property, Plant & Equipment	0.1	0.1	0.68	1.4	0.74	7.16
Cash Acquisitions	22.65	22.65	-	-	-76.59	-242.01
Divestitures	-	-	-	-	-	-0.4
Investment in Securities	-2,493	-2,493	-2,203	652.68	2,297	-14,146
Other Investing Activities	-16.32	-117.08	-142.07	-	-4.06	25.88
Investing Cash Flow	-2,617	-2,717	-2,420	553.74	2,131	-14,399

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Repaid	-	-	-	-	-9	-
Total Debt Repaid	-	-	-	-	-9	-
Net Debt Issued (Repaid)	-	-	-	-	-9	-
Issuance of Common Stock	0	0	0	0	0.01	11,091
Repurchase of Common Stock	-406.94	-406.94	-575.28	-1,375	-1,392	-2,585
Common Dividends Paid	-1,425	-1,425	-1,064	-	-	-
Other Financing Activities	422.9	176.12	119.68	207.82	71.19	10.32
Financing Cash Flow	-1,409	-1,656	-1,520	-1,167	-1,330	8,902

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-95.94	-38.02	23.73	18.95	71.93	-87.68
Net Cash Flow	2,578	215.55	-945.53	1,675	857.46	-5,797

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	6,570	4,497	2,895	2,169	-101.21	-254.64
Free Cash Flow Growth	-	55.33%	33.46%	-	-	-
Free Cash Flow Margin	51.41%	36.01%	25.76%	25.71%	-1.50%	-5.47%
Free Cash Flow Per Share	6.29	4.30	2.77	2.05	-0.09	-0.38
Levered Free Cash Flow	6,013	3,187	1,055	704.16	-1,018	1,165
Unlevered Free Cash Flow	6,013	3,187	1,055	704.16	-1,018	1,165

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	-	-	-	-	0.18	0.07
Cash Income Tax Paid	1,018	1,018	108.73	124.73	110.49	49.61
Change in Working Capital	-590.04	-590.04	-1,422	-708.87	-1,700	-619.46

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 19, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 31, 2026

Data Sources Report a data error