Full Truck Alliance (YMM) Operating Leases (2022 - 2026)

Full Truck Alliance (YMM) reported Operating Leases of $3.6 million for Q1 2026, down 36.51% on a YoY basis from $5.6 million in Q1 2025, and down 25.38% sequentially from $4.8 million in Q4 2025.

Full Truck Alliance (YMM) Operating Leases (2022 - 2026) Analysis & Trends

Full Truck Alliance (YMM) has 5 years of Operating Leases data on file, last reported at $3.6 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Leases fell 36.51% year-over-year to $3.6 million; the trailing twelve-month figure through Mar 2026 stood at $3.6 million (down 36.51% YoY), and the FY2025 full-year result was $212000.0, down 93.53% from the prior year.
  • Operating Leases slipped to $3.6 million in Q1 2026, from $4.8 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 5-year average of $5.9 million and a median of $5.6 million in 2025 frame the typical range for Operating Leases.
  • Across the five-year window, Operating Leases tumbled 68.18% in 2023 and jumped 98.08% in 2024, its largest moves.
  • Tracing YMM's Operating Leases over 5 years: stood at $11.3 million in 2022, then slumped by 42.7% to $6.5 million in 2023, then plunged by 48.65% to $3.3 million in 2024, then jumped by 43.26% to $4.8 million in 2025, then decreased by 25.38% to $3.6 million in 2026.
  • Business Quant data shows YMM's Operating Leases at $3.6 million in Q1 2026, $4.8 million in Q4 2025, and $6.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Sap Se 201.82 Bn 181.59 Bn 8.16 Bn
2 Full Truck Alliance 192.40 Bn 189.70 Bn -
3 Shopify 163.96 Bn 158.21 Bn 1.55 Bn
4 Salesforce 153.18 Bn 141.34 Bn 8.56 Bn
5 Uber Technologies 138.62 Bn 137.41 Bn 5.95 Bn
6 ServiceNow 111.29 Bn 106.63 Bn 2.82 Bn
7 Automatic Data Processing 103.41 Bn 100.18 Bn 2.87 Bn
8 Adobe 97.25 Bn 91.62 Bn 5.90 Bn
9 Snowflake 93.74 Bn 90.79 Bn 926.45 Mn
10 Cadence Design Systems 92.32 Bn 90.92 Bn 1.41 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 3.56 Mn
Dec 31, 2025 4.77 Mn
Sep 30, 2025 6.04 Mn
Jun 30, 2025 6.07 Mn
Mar 31, 2025 5.61 Mn
Dec 31, 2024 3.33 Mn
Sep 30, 2024 4.65 Mn
Jun 30, 2024 5.56 Mn
Mar 31, 2024 6.19 Mn
Dec 31, 2023 6.49 Mn
Sep 30, 2023 2.35 Mn
Jun 30, 2023 2.84 Mn
Mar 31, 2023 4.09 Mn
Dec 31, 2022 11.32 Mn
Sep 30, 2022 7.26 Mn
Jun 30, 2022 8.93 Mn
Mar 31, 2022 10.78 Mn