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

Full Truck Alliance has disclosed Operating Expenses across 7 years of filings, most recently posting -$269.4 million for Q1 2026.

• Operating Expenses for Q1 2026 came in at -$269.4 million, down 27.15% year-over-year; the trailing twelve-month figure through Mar 2026 was -$1.2 billion (down 6.55% YoY), and the FY2025 annual result was $1.2 billion, changed 0.27% from the prior year.
• Operating Expenses came in at -$269.4 million for Q1 2026 at Full Truck Alliance, up 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.
• The 5-year median for Operating Expenses is -$277.4 million (2023), against an average of -$279.1 million.
• Peak annual rise in Operating Expenses reached 47.52% in 2022, while the deepest fall reached 53.17% in 2022.
• Full Truck Alliance's Operating Expenses stood at -$282.0 million in 2022, then retreated by 7.99% to -$304.5 million in 2023, then retreated by 5.48% to -$321.2 million in 2024, then grew by 3.49% to -$310.0 million in 2025, then rose by 13.1% to -$269.4 million in 2026.
• The last three Operating Expenses figures came in at -$269.4 million (Q1 2026), -$310.0 million (Q4 2025), and -$362.9 million (Q3 2025), per Business Quant data.