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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	422.61	379.8	306.62	204.5	151.98	107.52
Revenue Growth (YoY)	20.84%	23.87%	49.94%	34.56%	41.35%	40.67%
Cost of Revenue	272.73	260.25	249.39	195.42	194.72	90.38
Gross Profit	149.87	119.55	57.23	9.07	-42.74	17.14
Selling, General & Admin	82.22	104.06	120.4	125.39	123.06	32.61
Research & Development	35.43	41.07	45	43.51	34.39	16.64
Operating Expenses	117.66	145.13	165.41	168.89	157.45	49.25
Operating Income	32.22	-25.58	-108.18	-159.82	-200.19	-32.11
Interest Expense	-8.33	-9.71	-2.63	-3.32	-5.41	-5.74
Interest & Investment Income	0.75	0.74	3.61	3.18	0.45	0.57
Currency Exchange Gain (Loss)	11.41	-	-	-	-	-
Other Non Operating Income (Expenses)	-155.24	-78.96	1.29	1.91	2.42	0.86
EBT Excluding Unusual Items	-119.19	-113.5	-105.9	-158.06	-202.74	-36.42
Gain (Loss) on Sale of Assets	-0.98	-0.84	-1.95	0.01	-0.01	-0.21
Asset Writedown	-6.51	-93.17	-0.5	-1.8	-	-
Other Unusual Items	13.55	12.06	1.95	1.67	-3.73	3
Pretax Income	-113.12	-195.46	-106.4	-158.17	-206.48	-33.62
Income Tax Expense	0.22	-	0.01	0.03	-	0
Earnings From Continuing Operations	-113.34	-195.46	-106.41	-158.2	-206.48	-33.63
Minority Interest in Earnings	-	-	0.08	-	-	-
Net Income	-113.34	-195.46	-106.34	-158.2	-206.48	-33.63
Preferred Dividends & Other Adjustments	-	-	0.08	-	27.62	47.34
Net Income to Common	-113.34	-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)	2.46%	2.43%	2.52%	63.14%	87.72%	-
EPS (Basic)	-0.35	-0.61	-0.34	-0.52	-1.26	-0.82
EPS (Diluted)	-0.35	-0.61	-0.34	-0.52	-1.26	-0.82
Free Cash Flow	25.25	-24.91	-262.09	-204.81	-132.9	-3.09
Free Cash Flow Per Share	0.08	-0.08	-0.84	-0.68	-0.71	-0.03
Gross Margin	35.46%	31.48%	18.66%	4.44%	-28.13%	15.94%
Operating Margin	7.62%	-6.73%	-35.28%	-78.15%	-131.72%	-29.86%
Profit Margin	-26.82%	-51.46%	-34.71%	-77.36%	-154.04%	-75.30%
Free Cash Flow Margin	5.98%	-6.56%	-85.48%	-100.15%	-87.45%	-2.87%
EBITDA	64.22	5.26	-85.25	-139.46	-179.48	-15.32
EBITDA Margin	15.20%	1.38%	-27.80%	-68.19%	-118.10%	-14.24%
D&A For EBITDA	32.01	30.83	22.93	20.37	20.71	16.79
EBIT	32.22	-25.58	-108.18	-159.82	-200.19	-32.11
EBIT Margin	7.62%	-6.73%	-35.28%	-78.15%	-131.72%	-29.86%

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

SEC Filings: 10-K · 10-Q