Microvast Holdings, Inc. (MVST)

Microvast Holdings Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	444.5	379.8	306.62	204.5	151.98	107.52
Revenue Growth (YoY)	19.82%	23.87%	49.94%	34.56%	41.35%	40.67%
Cost of Revenue	281.83	260.25	249.39	195.42	194.72	90.38
Gross Profit	162.67	119.55	57.23	9.07	-42.74	17.14
Selling, General & Admin	87.38	104.06	120.4	125.39	123.06	32.61
Research & Development	32.5	41.07	45	43.51	34.39	16.64
Operating Expenses	119.88	145.13	165.41	168.89	157.45	49.25
Operating Income	42.79	-25.58	-108.18	-159.82	-200.19	-32.11
Interest Expense	-5.29	-9.71	-2.63	-3.32	-5.41	-5.74
Interest & Investment Income	0.8	0.74	3.61	3.18	0.45	0.57
Currency Exchange Gain (Loss)	7.7	-	-	-	-	-
Other Non Operating Income (Expenses)	-170.95	-78.96	1.29	1.91	2.42	0.86
EBT Excluding Unusual Items	-124.94	-113.5	-105.9	-158.06	-202.74	-36.42
Gain (Loss) on Sale of Assets	-0.45	-0.84	-1.95	0.01	-0.01	-0.21
Asset Writedown	-6.53	-93.17	-0.5	-1.8	-	-
Other Unusual Items	4.8	12.06	1.95	1.67	-3.73	3
Pretax Income	-127.12	-195.46	-106.4	-158.17	-206.48	-33.62
Income Tax Expense	0.96	-	0.01	0.03	-	0
Earnings From Continuing Operations	-128.08	-195.46	-106.41	-158.2	-206.48	-33.63
Minority Interest in Earnings	-	-	0.08	-	-	-
Net Income	-128.08	-195.46	-106.34	-158.2	-206.48	-33.63
Preferred Dividends & Other Adjustments	-	-	0.08	-	27.62	47.34
Net Income to Common	-128.08	-195.46	-106.41	-158.2	-234.1	-80.96
Shares Outstanding (Basic)	323	318	311	303	186	99
Shares Outstanding (Diluted)	323	318	311	303	186	99
Shares Change (YoY)	2.11%	2.43%	2.52%	63.14%	87.72%	-
EPS (Basic)	-0.40	-0.61	-0.34	-0.52	-1.26	-0.82
EPS (Diluted)	-0.40	-0.61	-0.34	-0.52	-1.26	-0.82
Free Cash Flow	46.04	-24.91	-262.09	-204.81	-132.9	-3.09
Free Cash Flow Per Share	0.14	-0.08	-0.84	-0.68	-0.71	-0.03
Gross Margin	36.60%	31.48%	18.66%	4.44%	-28.13%	15.94%
Operating Margin	9.63%	-6.73%	-35.28%	-78.15%	-131.72%	-29.86%
Profit Margin	-28.81%	-51.46%	-34.71%	-77.36%	-154.04%	-75.30%
Free Cash Flow Margin	10.36%	-6.56%	-85.48%	-100.15%	-87.45%	-2.87%
EBITDA	75.35	5.26	-85.25	-139.46	-179.48	-15.32
EBITDA Margin	16.95%	1.38%	-27.80%	-68.19%	-118.10%	-14.24%
D&A For EBITDA	32.56	30.83	22.93	20.37	20.71	16.79
EBIT	42.79	-25.58	-108.18	-159.82	-200.19	-32.11
EBIT Margin	9.63%	-6.73%	-35.28%	-78.15%	-131.72%	-29.86%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q