Full Truck Alliance (YMM) Enterprise Value (2019 - 2025)
Full Truck Alliance recorded quarterly Enterprise Value of -$756.9 million in Q4 2025, up 64.06% quarter-over-quarter from -$2.1 billion in Q3 2025, and up 73.31% year-over-year from -$436.8 million in Q4 2024.
Full Truck Alliance's Enterprise Value history runs 7 years deep, the most recent figure standing at -$756.9 million for Q4 2025.
- In Q4 2025, Enterprise Value rose 73.31% year-over-year to -$756.9 million; the TTM figure through Dec 2025 stood at -$756.9 million (up 73.31% YoY), while the FY2025 annual figure was -$2.3 billion, down 4.49% from the prior year.
- Enterprise Value came in at -$756.9 million for Q4 2025 at Full Truck Alliance, up from -$2.1 billion in the prior quarter.
- In the past five years, Enterprise Value ranged from a high of -$29.1 million in Q4 2022 to a low of -$4.1 billion in Q2 2021.
- A 5-year average of -$2.6 billion and a median of -$2.8 billion in 2025 frame the typical range for Enterprise Value.
- Across the five-year window, Enterprise Value jumped 83.05% in 2022 and slumped 3052.24% in 2023, its largest moves.
- Full Truck Alliance's Enterprise Value stood at -$171.8 million in 2021, then jumped by 83.05% to -$29.1 million in 2022, then plunged by 3052.24% to -$917.9 million in 2023, then tumbled by 208.95% to -$2.8 billion in 2024, then surged by 73.31% to -$756.9 million in 2025.
- According to Business Quant data, Enterprise Value over the past three periods registered -$756.9 million, -$2.1 billion, and -$2.3 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | -17.97 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | -9.57 Bn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | -1.04 Bn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | -5.74 Bn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | -5.18 Bn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | -1.41 Bn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | -6.89 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | -3.23 Bn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | -6.78 Bn |
| 10 | Full Truck Alliance | 24.56 Bn | 23.81 Bn | - | -756.93 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -756.93 Mn |
| Sep 30, 2025 | -2.11 Bn |
| Jun 30, 2025 | -2.33 Bn |
| Mar 31, 2025 | -2.78 Bn |
| Dec 31, 2024 | -2.84 Bn |
| Sep 30, 2024 | -2.91 Bn |
| Jun 30, 2024 | -2.29 Bn |
| Mar 31, 2024 | -2.55 Bn |
| Dec 31, 2023 | -917.91 Mn |
| Sep 30, 2023 | -2.72 Bn |
| Jun 30, 2023 | -3.44 Bn |
| Mar 31, 2023 | -3.72 Bn |
| Dec 31, 2022 | -29.12 Mn |
| Sep 30, 2022 | -3.73 Bn |
| Jun 30, 2022 | -3.93 Bn |
| Mar 31, 2022 | -3.97 Bn |
| Dec 31, 2021 | -171.79 Mn |
| Sep 30, 2021 | -4.13 Bn |
| Jun 30, 2021 | -4.14 Bn |
| Dec 31, 2020 | 3.88 Bn |
| Dec 31, 2019 | -112.03 Mn |