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 | 208.91 Bn | 189.27 Bn | 8.16 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn |
| 10 | Datadog | 86.34 Bn | 81.58 Bn | 797.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |