Microvast Holdings, Inc. (MVST)

NASDAQ: MVST · Real-Time Price · USD

1.410

-0.020 (-1.40%)

At close: Mar 30, 2026, 4:00 PM EDT

1.436

+0.026 (1.87%)

Pre-market: Mar 31, 2026, 6:28 AM EDT

Microvast Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	427.52	379.8	306.62	204.5	151.98
Revenue Growth (YoY)	12.56%	23.87%	49.94%	34.56%	41.35%
Cost of Revenue	272.9	260.25	249.39	195.42	194.72
Gross Profit	122.11	119.55	57.23	9.07	-42.74
Selling, General & Admin	80.02	104.06	120.4	125.39	123.06
Research & Development	34.11	41.07	45	43.51	34.39
Other Operating Expenses	33.51	90.52	-1.45	0.13	-6.13
Total Operating Expenses	147.63	235.64	163.96	169.02	151.32
Operating Income	6.98	-116.09	-106.73	-159.95	-194.06
Interest Income	0.96	0.74	3.61	3.18	0.45
Interest Expense	-4.9	-9.71	-2.63	-3.32	-5.41
Other Non-Operating Income (Expense)	-37.58	-70.4	-0.65	1.92	-7.45
Total Non-Operating Income (Expense)	-41.53	-79.37	0.33	1.78	-12.42
Pretax Income	-34.54	-195.46	-106.4	-158.17	-206.48
Provision for Income Taxes	5.33	-	-0.01	0.03	-
Net Income	-29.22	-195.46	-106.49	-158.2	-234.1
Minority Interest in Earnings	-	-	0.08	-	-
Net Income Attributable to Preferred Dividends	-	-	-	-	27.62
Net Income to Common	-29.22	-195.46	-106.49	-158.2	-234.1
Shares Outstanding (Basic)	325	318	311	303	186
Shares Outstanding (Diluted)	325	318	311	303	186
Shares Change (YoY)	1.96%	2.43%	2.52%	63.14%	87.72%
EPS (Basic)	-0.09	-0.61	-0.34	-0.52	-1.26
EPS (Diluted)	-0.09	-0.61	-0.34	-0.52	-1.26
Free Cash Flow	56.07	-24.91	-262.09	-204.81	-132.9
Free Cash Flow Per Share	0.17	-0.08	-0.84	-0.68	-0.71
Gross Margin	28.56%	31.48%	18.66%	4.44%	-28.12%
Operating Margin	1.63%	-30.57%	-34.81%	-78.22%	-127.69%
Profit Margin	-6.83%	-51.46%	-34.71%	-77.36%	-135.87%
FCF Margin	13.12%	-6.56%	-85.48%	-100.15%	-87.45%
EBITDA	40.11	-85.26	-83.8	-139.58	-173.35
EBITDA Margin	9.38%	-22.45%	-27.33%	-68.26%	-114.06%
EBIT	6.98	-116.09	-106.73	-159.95	-194.06
EBIT Margin	1.63%	-30.57%	-34.81%	-78.22%	-127.69%
Effective Tax Rate	-15.42%	0.00%	0.01%	-0.02%	0.00%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q