Full Truck Alliance Co. Ltd. balance sheet

At the end of fiscal 2025, Full Truck Alliance Co. Ltd. had total assets of $6.34bn, total liabilities of $436m and shareholders' equity of $5.79bn. It held $867m in cash against $0 of debt: net cash of $867m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Full Truck Alliance Co. Ltd.: balance sheet, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	572	1,542	672	745	954	796	867
Receivables	—	5	5	2	3	3	11
Total current assets	—	3,170	4,535	4,495	3,380	3,734	3,296
Goodwill	—	439	490	453	440	428	576
Total assets	—	3,852	5,398	5,320	5,542	5,656	6,338
Accounts payable	—	4	5	4	4	4	5
Deferred revenue (current)	—	49	60	67	77	78	91
Total current liabilities	—	301	429	396	461	414	408
Short-term debt	—	—	1	—	—	—	—
Total debt	0	0	1	0	0	0	0
Total liabilities	—	319	450	419	486	432	436
Shareholders' equity	−1,019	−1,300	4,948	4,880	5,017	5,164	5,795
Non-controlling interests and other (assets − liabilities − equity)	—	4,833	—	—	—	—	—
Net debt (negative = net cash)	−572	−1,542	−671	−745	−954	−796	−867

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Full Truck Alliance Co. Ltd.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Full Truck Alliance Co. Ltd.