Full Truck Alliance Co (MEX:YMMN) Research & Development: MXN2,426 Mil (TTM As of Mar. 2026)


MEX:YMMN Full Truck Alliance Co Ltd MEX:YMMN
58 GF Score
Price MXN152.86
GF Value MXN208.19
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Full Truck Alliance Co Research & Development?

Full Truck Alliance Co MEX:YMMN 58 Research & Development is MXN2,426 Mil as of Mar. 2026. GuruFocus rates MEX:YMMN with a GF Score™ of 58/100 and a GF Value™ of MXN208.19 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Full Truck Alliance Co's Research & Development for the three months ended in Mar. 2026 was MXN668 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was MXN2,426 Mil.

Full Truck Alliance Co  (MEX:YMMN) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Full Truck Alliance Co Research & Development Related Terms

Full Truck Alliance Co Research & Development Historical Data

* Premium members only.

The historical data trend for Full Truck Alliance Co's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Full Truck Alliance Co Research & Development Chart

Full Truck Alliance Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial 2,350.09 2,556.38 2,250.42 2,520.82 2,235.46

Full Truck Alliance Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 545.67 497.24 600.66 660.10 668.05
MEX:YMMN
58GF Score
Full Truck Alliance Co Ltd MEX:YMMN
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Full Truck Alliance Co Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN2,426 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of MXN2,426 Mil mean?
Full Truck Alliance Co (MEX:YMMN) has a Research & Development of MXN2,426 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Full Truck Alliance Co and its competitors.
Is Full Truck Alliance Co's Research & Development too high?
Full Truck Alliance Co's current Research & Development is MXN2,426 Mil. Overall, Full Truck Alliance Co has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Full Truck Alliance Co's Research & Development compare to UBER and SHOP?
Full Truck Alliance Co's Research & Development of MXN2,426 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Software company?
A good Research & Development depends on the Software industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Full Truck Alliance Co and its competitors. Full Truck Alliance Co's current Research & Development is MXN2,426 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Full Truck Alliance Co stock overvalued right now?
Based on GuruFocus' analysis, Full Truck Alliance Co (MEX:YMMN) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN208.19, compared to a current price of MXN152.86 — trading 26.6% below its estimated fair value. The current Research & Development is MXN2,426 Mil. Full Truck Alliance Co's overall GF Score™ is 58/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Full Truck Alliance Co (MEX:YMMN), the current Research & Development is MXN2,426 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Full Truck Alliance Co (MEX:YMMN) Overvalued in 2026?

Based on GuruFocus' analysis, Full Truck Alliance Co stock appears to be undervalued. The current stock price of MXN152.86 is trading 26.6% below its estimated GF Value™ of MXN208.19. GuruFocus considers Full Truck Alliance Co to be Modestly Undervalued.

Key valuation signals for MEX:YMMN:

  • Research & Development: MXN2,426 Mil
  • GF Value™: MXN208.19 vs. price of MXN152.86 (26.6% below fair value)
  • GF Score™: 58/100 with 2 warning signs

No single metric tells the full story. See the MEX:YMMN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Full Truck Alliance Co Business Description

Other Exchanges YMM:USA892:Germany
Address 20 Fengxin Road, Wanbo Science and Technology Park, Yuhuatai District, Nanjing, CHN, 210012
Full Truck Alliance Co Ltd, through its subsidiaries, provides comprehensive services for shippers and truckers through its mobile and website platforms. Its principal operations are in the People's Republic of China. The group derives its revenues principally from shippers and trucker's use of its platforms in connection with freight matching services and value-added services.
58GF Score

Get the complete analysis for MEX:YMMN

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN152.86
Price
MXN208.19
GF Value