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Full Truck Alliance Co. Ltd. Files 2025 Annual Report on Form 20-F

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Full Truck Alliance (NYSE:YMM) filed its 2025 Annual Report on Form 20-F with the SEC on April 14, 2026 for the fiscal year ended December 31, 2025. The report is available on the company investor relations site.

The company will provide a free hard copy of the audited consolidated financial statements to shareholders and ADS holders upon request, with mailing instructions directed to its Investor Relations Department in Shanghai.

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Positive

  • None.

Negative

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News Market Reaction – YMM

-0.36%
1 alert
-0.36% Session close to close
$8.81B Market Cap
1.81K Volume

In the Apr 14 session, YMM declined 0.36%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement centers on Full Truck Alliance’s filing of its 2025 Form 20-F, which formalizes al...
Analysis

This announcement centers on Full Truck Alliance’s filing of its 2025 Form 20-F, which formalizes already reported net revenues of RMB12.49 billion, strong profitability, and substantial cash of RMB31.5 billion. It also aligns with the previously disclosed plan to return about US$400 million to shareholders in 2026. Investors tracking this name may focus on how these reported figures support ongoing capital returns and future growth versus the stock’s position below its 200-day MA.

Key Figures

2025 net revenues: RMB12.49 billion 2025 net income: RMB4.41–4.46 billion Free cash flow: RMB4.50 billion +5 more
8 metrics
2025 net revenues RMB12.49 billion Reported in 2025 Form 20-F and 6-K filing
2025 net income RMB4.41–4.46 billion Net income attributable to ordinary shareholders in 20-F and 6-K
Free cash flow RMB4.50 billion 2025 free cash flow from 6-K summary
Cash & investments RMB31.5 billion Balance as of Dec 31, 2025 from 6-K
Dividends 2024–2025 US$350 million Approximate cash dividends paid during 2024–2025 per 20-F
2026 capital return target US$400 million Planned buybacks and dividends in 2026
Q1 2026 revenue guide RMB2.70–2.80 billion Guidance range for Q1 2026 net revenues from 6-K
Dividend per ADS US$0.0840 per ADS Q1 2026 cash dividend, about US$87.5 million total

Historical Context

5 past events · Latest: Mar 12 (Positive)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Mar 12 FY 2025 earnings Positive -1.6% Strong 2025 revenue and profit growth with higher orders and MAUs.
Feb 27 Earnings date set Neutral -1.6% Announcement of Q4 and FY 2025 results release and conference call.
Jan 19 Return plan Positive +0.2% Long-term commitment to return at least 50% of non-GAAP net income.
Nov 17 Q3 2025 earnings Neutral -11.9% Q3 revenue growth but lower net income and mixed profit metrics.
Oct 22 Earnings date set Neutral +0.6% Scheduling of Q3 2025 results release and investor conference call.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Earnings and major updates often saw muted or negative next-day moves, even when fundamentals improved, while capital return news drew only a small positive response.

Recent Company History

Over the last six months, Full Truck Alliance has focused on profitable growth and shareholder returns. Q3 and full-year 2025 results showed rising net revenues and solid cash balances, yet the stock fell 11.93% after Q3 and 1.64% after FY 2025 earnings. An announced long-term shareholder return plan, including at least 50% of non-GAAP adjusted net income to investors and a US$400 million 2026 return, produced only a small positive move. Today’s 20-F filing formalizes previously disclosed 2025 performance and capital return commitments.

Key Terms

form 20-f, ads
2 terms
form 20-f regulatory
"announced that it filed its annual report on Form 20-F for the fiscal year"
Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.
ads financial
"provide a hard copy ... free of charge, to its shareholders and ADS holders upon request"
Ads are paid promotional messages a company places across media — online, on TV, in print, or on social platforms — to attract customers, explain products, or shape public perception. For investors, ads matter because they drive sales growth, affect how much a company must spend to win customers, and influence brand strength and long-term value. Ads can also create regulatory or reputational risk if claims are misleading, which can affect profits and stock price.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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GUIYANG, China, April 14, 2026 /PRNewswire/ -- Full Truck Alliance Co. Ltd. ("FTA" or the "Company") (NYSE: YMM), a leading digital freight platform, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the Securities and Exchange Commission on April 14, 2026. The annual report can be accessed on the Company's investor relations website at ir.fulltruckalliance.com.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to Investor Relations Department, Full Truck Alliance Co. Ltd., 16F, Building T2, SOHO Tianshan, No. 1717 Tianshan Road, Changning District, Shanghai, 200051, People's Republic of China.

About Full Truck Alliance Co. Ltd.

Full Truck Alliance Co. Ltd. (NYSE: YMM) is a leading digital freight platform connecting shippers with truckers to facilitate shipments across distance ranges, cargo weights and types. The Company provides a range of freight matching services, including freight listing, freight brokerage and transaction services. The Company also provides a range of value-added services that cater to the various needs of shippers and truckers, such as financial institutions, highway authorities, and gas station operators. With a mission to empower enterprises with greater logistics competitiveness, the Company is shaping the future of logistics with technology and aspires to revolutionize logistics, improve efficiency across the value chain and reduce its carbon footprint for our planet. For more information, please visit ir.fulltruckalliance.com.

For investor and media inquiries, please contact:

In China:

Full Truck Alliance Co. Ltd.
Mao Mao
E-mail: IR@amh-group.com

Piacente Financial Communications
Jenny Cai
Tel: +86-10-6508-0677
E-mail: FTA@thepiacentegroup.com

In the United States:

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: FTA@thepiacentegroup.com

Cision View original content:https://www.prnewswire.com/news-releases/full-truck-alliance-co-ltd-files-2025-annual-report-on-form-20-f-302741642.html

SOURCE Full Truck Alliance Co. Ltd.

FAQ

What did Full Truck Alliance (YMM) file with the SEC on April 14, 2026?

Full Truck Alliance filed its 2025 Annual Report on Form 20-F with the SEC on April 14, 2026. According to Full Truck Alliance, the filing covers the fiscal year ended December 31, 2025 and includes audited consolidated financial statements.

How can investors access the Full Truck Alliance (YMM) 2025 Form 20-F?

Investors can access the 2025 Form 20-F on the company's investor relations website. According to Full Truck Alliance, the report is posted at ir.fulltruckalliance.com and a hard copy is available free upon request to shareholders and ADS holders.

Can shareholders request a hard copy of Full Truck Alliance's (YMM) 2025 annual report?

Yes, shareholders and ADS holders can request a free hard copy of the annual report containing audited financials. According to Full Truck Alliance, requests should be directed to its Investor Relations Department at the Shanghai address provided.

What fiscal period does Full Truck Alliance's (YMM) 2025 Form 20-F cover?

The Form 20-F covers the fiscal year ended December 31, 2025. According to Full Truck Alliance, the filing submitted on April 14, 2026 includes the audited consolidated financial statements for that period.

Where should requests for a hard copy of Full Truck Alliance (YMM) annual report be sent?

Requests should be sent to the Investor Relations Department at the company's Shanghai office address. According to Full Truck Alliance, the address is 16F, Building T2, SOHO Tianshan, No. 1717 Tianshan Road, Changning District, Shanghai, 200051.