Full Truck Alliance (YMM) Operating Expenses (2020 - 2026)

Full Truck Alliance (YMM) has 7 years of Operating Expenses data on file, last reported at -$269.4 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses fell 27.15% year-over-year to -$269.4 million; the trailing twelve-month figure through Mar 2026 stood at -$1.2 billion (down 6.55% YoY), and the FY2025 full-year result was $1.2 billion, changed 0.27% from the prior year.
• Operating Expenses grew to -$269.4 million in Q1 2026, from -$310.0 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of -$211.9 million in Q1 2025 to a low of -$362.9 million in Q3 2025.
• A 5-year average of -$279.1 million and a median of -$277.4 million in 2023 frame the typical range for Operating Expenses.
• Peak annual rise in Operating Expenses reached 47.52% in 2022, while the deepest fall reached 53.17% in 2022.
• Tracing YMM's Operating Expenses over 5 years: stood at -$282.0 million in 2022, then fell by 7.99% to -$304.5 million in 2023, then fell by 5.48% to -$321.2 million in 2024, then climbed by 3.49% to -$310.0 million in 2025, then increased by 13.1% to -$269.4 million in 2026.
• Business Quant data shows YMM's Operating Expenses at -$269.4 million in Q1 2026, -$310.0 million in Q4 2025, and -$362.9 million in Q3 2025.