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

Full Truck Alliance has disclosed Research & Development across 7 years of filings, most recently posting -$37.0 million for Q1 2026.

• Research & Development for Q1 2026 came in at -$37.0 million, down 38.92% year-over-year; the trailing twelve-month figure through Mar 2026 was -$133.2 million (down 16.32% YoY), and the FY2025 annual result was $125.0 million, up 3.72% from the prior year.
• Research & Development came in at -$37.0 million for Q1 2026 at Full Truck Alliance, roughly flat from -$36.9 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 -$37.0 million in Q1 2026.
• The 5-year median for Research & Development is -$32.6 million (2023), against an average of -$32.4 million.
• Across the five-year window, Research & Development slumped 63.66% in 2022 and gained 22.33% in 2025, its largest moves.
• Full Truck Alliance's 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 slumped by 31.45% to -$36.9 million in 2025, then dropped by 0.25% to -$37.0 million in 2026.
• The last three Research & Development figures came in at -$37.0 million (Q1 2026), -$36.9 million (Q4 2025), and -$32.8 million (Q3 2025), per Business Quant data.