Full Truck Alliance (YMM) Research & Development (2020 - 2026)

Full Truck Alliance has disclosed Research & Development across 7 years of filings, most recently posting -$38.4 million for Q2 2026.

• In Q2 2026, Research & Development fell 45.26% year-over-year to -$38.4 million; the TTM figure through Jun 2026 stood at -$145.2 million (down 33.15% YoY), while the FY2025 annual figure was -$125.0 million, down 3.72% from the prior year.
• Research & Development came in at -$38.4 million for Q2 2026 at Full Truck Alliance, down from -$37.0 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of -$26.5 million in Q2 2025 to a low of -$38.4 million in Q2 2026.
• Average Research & Development over 5 years is -$32.7 million, with a median of -$32.7 million recorded in 2023.
• Year-over-year, Research & Development sank 63.66% in 2022 and advanced 22.33% in 2025.
• Over 5 years, Research & Development stood at -$36.3 million in 2022, then grew by 0.86% to -$36.0 million in 2023, then increased by 21.9% to -$28.1 million in 2024, then plunged by 31.45% to -$36.9 million in 2025, then decreased by 4.14% to -$38.4 million in 2026.
• Per Business Quant data, the three most recent Research & Development figures were -$38.4 million in Q2 2026, -$37.0 million in Q1 2026, and -$36.9 million in Q4 2025.