Full Truck Alliance (YMM) Non-cash Items (2021 - 2025)
Full Truck Alliance (YMM) posted Non-cash Items of $157.6 million for Q4 2025, up 32.88% sequentially from $118.6 million in Q3 2025, and up 19.45% YoY from $132.0 million in Q4 2024.
Full Truck Alliance (YMM) Non-cash Items (2021 - 2025) Analysis & Trends
Full Truck Alliance has reported Non-cash Items for 5 years, with the latest figure at $157.6 million in Q4 2025.
- Quarterly Non-cash Items rose 19.45% year-over-year to $157.6 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $589.9 million (up 55.79% YoY) and the FY2025 annual result came in at $643.5 million, up 54.9% from the prior year.
- Non-cash Items rose to $157.6 million in Q4 2025 per YMM's latest filing, from $118.6 million in the prior quarter.
- Over five years, Non-cash Items peaked at $181.6 million in Q1 2025 and troughed at $17.1 million in Q1 2021.
- A 5-year average of $73.7 million and a median of $55.4 million in 2023 frame the typical range for Non-cash Items.
- The widest YoY moves for Non-cash Items: up 167.57% in 2025, down 3.87% in 2025.
- Over 5 years, Non-cash Items stood at $24.9 million in 2021, then surged by 44.74% to $36.0 million in 2022, then soared by 53.82% to $55.4 million in 2023, then surged by 138.28% to $132.0 million in 2024, then advanced by 19.45% to $157.6 million in 2025.
- According to Business Quant data, Non-cash Items over the past three periods registered $157.6 million, $118.6 million, and $181.6 million for Q4 2025, Q3 2025, and Q1 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn |
| 10 | Full Truck Alliance | 9.16 Bn | 6.51 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 157.65 Mn |
| Dec 31, 2025 | 157.65 Mn |
| Sep 30, 2025 | 118.64 Mn |
| Sep 30, 2025 | 118.64 Mn |
| Mar 31, 2025 | 181.65 Mn |
| Mar 31, 2025 | 181.65 Mn |
| Dec 31, 2024 | 131.98 Mn |
| Dec 31, 2024 | 131.98 Mn |
| Sep 30, 2024 | 123.42 Mn |
| Sep 30, 2024 | 123.42 Mn |
| Mar 31, 2024 | 67.89 Mn |
| Mar 31, 2024 | 67.89 Mn |
| Dec 31, 2023 | 55.39 Mn |
| Dec 31, 2023 | 55.39 Mn |
| Jun 30, 2023 | 62.16 Mn |
| Jun 30, 2023 | 62.16 Mn |
| Mar 31, 2023 | 39.67 Mn |
| Mar 31, 2023 | 39.67 Mn |
| Dec 31, 2022 | 36.01 Mn |
| Dec 31, 2022 | 36.01 Mn |