Full Truck Alliance Co. Ltd. (YMM)

Full Truck Alliance Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	4,459	3,123	2,227	411.9	-3,655
Depreciation & Amortization	100.01	77.93	74.74	88.34	67.42
Stock-Based Compensation	281.56	496.64	441.83	919.26	3,838
Other Adjustments	376.27	693.78	234.85	265.15	157.23
Change in Receivables	-52.99	3.81	-10.04	14.07	18.8
Changes in Accounts Payable	2.8	6.01	-2.73	-1.43	5.31
Changes in Accrued Expenses	5.59	-605.18	295.62	158.24	385.71
Changes in Income Taxes Payable	85.49	181.3	102.68	20.7	5.61
Changes in Unearned Revenue	64.65	22.27	86.84	78.84	41.9
Changes in Other Operating Activities	-695.58	-1,030	-1,181	-1,971	-1,077
Operating Cash Flow	4,627	2,970	2,270	-15.52	-211.42
Operating Cash Flow Growth	55.78%	30.86%	-	-	-
Capital Expenditures	-129.71	-74.97	-100.34	-85.69	-43.22
Sale of Property, Plant & Equipment	0.1	0.68	1.4	0.74	7.16
Purchases of Investments	-19,104	-14,587	-20,942	-84,606	-24,228
Proceeds from Sale of Investments	16,493	12,242	21,595	86,903	10,081
Payments for Business Acquisitions	150.47	-	-	-76.59	-242.01
Proceeds from Business Divestments	-	-	-	-	-0.4
Other Investing Activities	-127.82	-0.01	-	-4.06	25.88
Investing Cash Flow	-2,717	-2,420	553.74	2,131	-14,399
Short-Term Debt Repaid	-	-	-	-9	-
Net Short-Term Debt Issued (Repaid)	-	-	-	-9	-
Issuance of Common Stock	0	0	0	0.01	11,059
Repurchase of Common Stock	-406.94	-575.28	-1,375	-1,392	-2,585
Net Common Stock Issued (Repurchased)	-406.93	-575.27	-1,375	-1,392	8,474
Issuance of Preferred Stock	-	-	-	-	385.79
Net Preferred Stock Issued (Repurchased)	-	-	-	-	385.79
Common Dividends Paid	-1,425	-1,064	-	-	-
Other Financing Activities	176.12	119.68	207.82	71.19	42.1
Financing Cash Flow	-1,656	-1,520	-1,167	-1,330	8,902
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-38.02	23.73	18.95	71.93	-87.68
Net Cash Flow	215.55	-945.53	1,675	857.46	-5,797
Free Cash Flow	4,497	2,895	2,169	-101.21	-254.64
Free Cash Flow Growth	55.33%	33.46%	-	-	-
FCF Margin	36.01%	25.76%	25.71%	-1.50%	-5.47%
Free Cash Flow Per Share	4.30	2.77	2.05	-0.09	-0.38
Levered Free Cash Flow	3,841	1,647	1,488	-1,314	-4,787
Unlevered Free Cash Flow	2,864	876.27	227.36	-1,843	-4,425

Updated Mar 13, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q