Full Truck Alliance (YMM) Operating Leases (2022 - 2025)

Full Truck Alliance's Operating Leases history runs 4 years deep, the most recent figure standing at $5.0 million for Q4 2025.

• In Q4 2025, Operating Leases fell 45.06% year-over-year to $5.0 million; the TTM figure through Dec 2025 stood at $5.0 million (down 45.06% YoY), while the FY2025 annual figure was $212000.0, down 93.53% from the prior year.
• Operating Leases came in at $5.0 million for Q4 2025 at Full Truck Alliance, down from $6.0 million in the prior quarter.
• In the past five years, Operating Leases ranged from a high of $11.3 million in Q4 2022 to a low of $2.3 million in Q3 2023.
• A 4-year average of $6.4 million and a median of $6.1 million in 2025 frame the typical range for Operating Leases.
• Across the five-year window, Operating Leases plunged 68.18% in 2023 and surged 98.08% in 2024, its largest moves.
• Full Truck Alliance's Operating Leases stood at $11.3 million in 2022, then plunged by 42.7% to $6.5 million in 2023, then jumped by 39.77% to $9.1 million in 2024, then plunged by 45.06% to $5.0 million in 2025.
• According to Business Quant data, Operating Leases over the past three periods registered $5.0 million, $6.0 million, and $6.1 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

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