Full Truck Alliance (YMM) Research & Development (2020 - 2026)
Full Truck Alliance (YMM) posted Research & Development of -$38.45 million for Q2 2026, compared with -$26.47 million a year earlier.
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Analysis
Full Truck Alliance (YMM) Research & Development (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Research & Development at Full Truck Alliance was -$145.15 million; for FY2025, it was -$125.04 million.
- In prior years, Full Truck Alliance's Research & Development was -$120.56 million in FY2024, -$133.33 million in FY2023, -$132.54 million in FY2022 and -$130.15 million in FY2021.
- The Q2 2026 figure stands as the lowest quarterly Research & Development in data going back to Q2 2020.
- According to Business Quant data, Research & Development for the three prior quarters was -$37.02 million (Q1 2026), -$36.92 million (Q4 2025) and -$32.76 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | 18.22 Bn |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 21.66 Bn |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn | 1.01 Bn |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn | -3.32 Bn |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn | 445.00 Mn |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 1.04 Bn |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | - |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn | -673.00 Mn |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn | 468.43 Mn |
| 10 | Full Truck Alliance | 9.20 Bn | -1.56 Bn | - | -38.45 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -38.45 Mn |
| Mar 31, 2026 | -37.02 Mn |
| Dec 31, 2025 | -36.92 Mn |
| Sep 30, 2025 | -32.76 Mn |
| Jun 30, 2025 | -26.47 Mn |
| Mar 31, 2025 | -26.65 Mn |
| Dec 31, 2024 | -28.09 Mn |
| Sep 30, 2024 | -27.81 Mn |
| Jun 30, 2024 | -31.94 Mn |
| Mar 31, 2024 | -34.31 Mn |
| Dec 31, 2023 | -35.96 Mn |
| Sep 30, 2023 | -32.58 Mn |
| Jun 30, 2023 | -30.85 Mn |
| Mar 31, 2023 | -33.47 Mn |
| Dec 31, 2022 | -36.28 Mn |
| Sep 30, 2022 | -31.86 Mn |
| Jun 30, 2022 | -32.30 Mn |
| Mar 31, 2022 | -34.86 Mn |
| Dec 31, 2021 | -36.66 Mn |
| Sep 30, 2021 | -31.49 Mn |
API Access
Full Truck Alliance Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=YMM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "YMM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=YMM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();